Glyphosate Market Overview

The glyphosate market is poised for significant growth, with an estimated size projected to reach USD 17.5 billion by 2030, boasting a Compound Annual Growth Rate (CAGR) of 6.2% over the forecast period spanning from 2022 to 2030.

Glyphosate finds extensive application across various sectors, including cereals & grains, weed removal, oilseed & pulses, as well as fruits & vegetables, among others. This versatile herbicide has a global presence, spanning across five major regions: Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

Among these regions, the Asia Pacific glyphosate market is anticipated to witness rapid expansion. Factors such as the escalating demand for agricultural products and the rising adoption of glyphosate for weed eradication are poised to propel market growth in this region. Furthermore, the evolving farming practices in Asia Pacific are expected to contribute positively to market expansion.

South America, particularly driven by countries like Brazil and Argentina, is forecasted to emerge as one of the largest markets for glyphosate. The proliferation of genetically modified crops in the region is anticipated to be a key driver of market growth. Genetically modified soybean is expected to dominate among various crop types during the review period.

In Europe, steady growth is anticipated throughout the forecast period. The increasing utilization of glyphosate for weed management, coupled with the approval of the European Union for its usage, is expected to further augment market growth in this region.

Segmentation:

The global glyphosate market segmented based on crop type, application, and region. Crop type segmentation includes genetically modified crops and conventional crops. In terms of form, the market is categorized into liquid form and dry form. Application segmentation covers grains & cereals, oilseeds & pulses, fruits & vegetables, weed removal, and others. Region-wise, the market is divided into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Key Players:

Several prominent players operate in the global glyphosate market, including Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer AG (Germany), E.I. Du Pont De Nemours & Company (U.S.), The Dow Chemical Company (U.S.), Nufarm Limited (Australia), Nantong Jiangshan Agrochemical & Chemical, Inc. (China), Adama Agricultural Solutions Ltd (Israel), UPL Limited (India), and Zhejiang Xinan Chemical Industrial Group Co., Ltd (China). These players play a crucial role in driving innovation, ensuring product quality, and shaping the competitive landscape of the glyphosate market outlook

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