“Glyphosate market is projected to grow at a CAGR of 6.32%”
The glyphosate market was valued at USD 6.51 billion in 2015, and is projected to grow at a CAGR of 6.32%, to reach USD 9.91 billion by 2022. The market is primarily driven by factors such as commercialization of genetically modified herbicide tolerant crops. South America is projected to be the fastest-growing region due to the increase in adoption of genetically engineered crops in countries such as Brazil and Argentina. One of the major restraints in the growth of the glyphosate market is the ban on the production of GM crops in some countries of Europe.
“Genetically modified crops segment led the market with the largest share in 2015”
On the basis of crop type, the glyphosate market was led by the genetically modified crops segment, followed by the conventional crops segment. GM crops are increasingly used globally in various countries such as the U.S., Brazil, and Argentina. The rapidly increasing production of genetically modified crops in Asian countries and globally declining arable land are the key factors offering major growth opportunities to various players in the glyphosate market.
“Liquid form segment led the market with the largest share in 2015”
On the basis of form, the glyphosate market was led by the liquid form segment, followed by the dry segment. Liquid glyphosate is the most preferred among manufacturers and end users. Liquid form offers cost efficiency, longer shelf life, and easy foliar and spray application to the end users, and this is the reason it is most widely used.
“Grains & cereals segment, is projected to be the fastest-growing agricultural application”
Agricultural application of glyphosate in grains & cereals dominates the market due to the growth in adoption of GM crops. The production of transgenic, glyphosate-tolerant crops, such as roundup ready crops, has led to the increased consumption of glyphosate. Glyphosate has been used as an herbicide in grains & cereal crops such as wheat, rice, corn, barley, sorghum, oats, rye, triticale, buckwheat, fonio, quinoa, and other millets.
“Asia-Pacific: High growth is expected in the glyphosate market”
Asia-pacific is projected to be the fastest-growing market for the period considered for this study, due to the increase in adoption of advanced crop protection technologies by the farmers. In the field of production of GM crops, after the success of BT cotton in India, field testing of some GE food crops has started. In 2012, China issued the pesticide industry policy and is encouraging innovations in the field.
Break-up of Primaries:
By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 – 20%
By Designation: Director Level – 20%, C Level – 40%, and Manager Level – 40%
By Region: North America – 25%, Europe – 50%, and Asia-Pacific – 25%
Leading players profiled in this report:
• Monsanto Company (U.S.)
• Syngenta AG (Switzerland.)
• The Dow Chemical Company (U.S.)
• E.I. Du Pont De Nemours & Company (U.S.)
• Bayer AG (Germany)
• Nufarm Limited (Australia)
• Nantong Jiangshan Agrochemical & Chemical, Inc. (China)
• Zhejiang Xinan Chemical Industrial Group Co., Ltd (China)
• Adama Agricultural Solutions Ltd. (Israel)
• UPL (India)
The report segments the glyphosate market on the basis of crop type, form, application, and region. In terms of insights, this research report has focused on various levels of analyses—competitive landscape, end-use analysis and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the global glyphosate market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get a comprehensive overview of the glyphosate market
• To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the glyphosate market is flourishing