Glyphosate Market Growth by Key Players: BASF, Nufarm Limited, Syngenta AG, Bayer CropScience Ltd, SinoHarvest Corporation and Nantong Jiangshan

Glyphosate market will surpass a revenue of USD 6 billion by 2024, at an annual growth rate of 5% over the period of 2016-2024. Glyphosate Market has already witnessed a global attention with the increasing necessity to risen the yield in order to meet the surging food demand. Glyphosate is expected to be the most adopted pesticide worldwide in the years ahead, and the interest will grow based on the ecological and human health aids offered by these herbicides.

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A noticeable trend of farmers’ preference toward less tillage system is expected leave a positive impact on the market outlook. Considerable environmental concerns and health hazards caused by harmful chemical plant enhancers is pushing the government to mandate glyphosate usage. A recent study by WHO depicts that these herbicides are genotoxic by nature and thereby less likely to cause cancer, which will prove to be highly influential on overall glyphosate market growth.

Below are the geographical trends influencing glyphosate industry over 2016-2024:
• Asia Pacific glyphosate market accounted for more than 35% of the total revenue share in 2015 and will record considerable growth rate over the period of 2016 to 2024, owing to expanding agricultural base across APAC. India and China will contribute noticeably toward the regional growth due to the abundant availability of natural resources and cultivable land. In 2015, both the countries together covered more than 25% of worldwide cereal consumption.

• U.S. glyphosate market share from GM crops was worth USD 450 million in 2015 and is predicted to grow at a significant pace over the coming seven years. Growing popularity of these crops coupled with rising awareness regarding the benefits of agrochemicals will drive the regional demand.

• Europe glyphosate industry covered around 15% of the global revenue in 2015 and will register moderate gains over the coming years. Strict government regulations restricting agrochemical usage and genetically modified crops will lead to a sluggish growth pace in Europe.

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Partial Chapter of the Table of Content

Chapter 3 Glyphosate Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2013 - 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 GMO crop penetration trends

3.5 Regulatory landscape

3.5.1 Glyphosate regulatory timeline

3.5.2 U.S.

3.5.3 EU

3.5.4 India

3.5.5 Trends in India

3.5.6 Imports

3.5.7 Indian Standard Specification for Glyphosate

3.5.8 China

3.6 Technology and innovation

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Need for sustainable agriculture

3.7.1.2 Growing adoption of advanced agriculture practices

3.7.1.3 Increasing farm expenditure and food demand

3.7.2 Industry pitfalls

3.7.2.1 Increased price pressures due to market overcapacity in China

3.7.2.2 Stringent regulations over the use of agrochemicals

3.7.2.3 Emergence and evolution of glyphosate-resistant weed

3.8 Growth opportunity analysis

3.9 Company market share analysis,2015

3.9.1 Strategy dashboard

3.9.2 Production landscape

3.10 Porter’s analysis

3.11 PESTEL analysis

3.12 Raw material trends

3.12.1 Cost structure analysis

3.13 Regional pricing

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Global glyphosate market share remains highly concentrated with four companies catering to 50% of global revenue in 2015. Monsanto, DuPont and Dow AgroSciences are the chief industry players.

BASF, Nufarm Limited, Syngenta AG, Bayer CropScience Ltd, SinoHarvest Corporation and Nantong Jiangshan are other participants. Introduction of Roundup Ready and early herbicide tolerant crop adoption has supported industry position.

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