Press release
Glyphosate Market Size To Observe Remarkable Growth By 2024 | Top Key Players BASF, Dupont, Dow Agrosciences, FMC Corporation, Monsanto Company, Bayer Crop Science, Nufarm, Syngenta, PI Industries Ltd
Glyphosate Market
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. As per a report by Global Market Insights, Inc. “Glyphosate market size will surpass a revenue of USD 6 billion by 2024, at an annual growth rate of 5% over the period of 2016-2024.”
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Glyphosate market was led by conventional crops accounting for more than 55% of overall industry in 2016. High prices associated with genetically modified seeds are key reason supporting the conventional farming techniques.
Growth drivers
1 Need for sustainable agriculture
2 Growing adoption of advanced agriculture practices
3 Increasing farm expenditure and food demand
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Air Products
2. AkzoNobel
3. ALTANA AG
4. Arkema
5. Ashland
6. BASF
7. Cargill
8. Clariant
9. Croda
10. Diransa
11. The Dow Chemical Company
12. Eastman Chemical Company
13. DuPont
14. Elementis Global
15. The Euclid Chemical Company
16. Evonik
17. FCC
18. Global Drilling Fluids and Chemicals Limited
19. Hangzhou Jingyi Chemical Co., Ltd.
20. The Lubrizol Corporation
21. Mallard Creek Polymers, Inc
22. Munzing
23. PPG Industries
24. San Nopco Korea Ltd.
25. SNF Holding Company
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 Size growth.
by application
• Conventional crops
• GM crops
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Glyphosate market finds application in conventional and genetically modified crops. Glyphosate herbicide is less harmful and hence has a soaring demand from conventional crops. These herbicides are sprinkled on the field two weeks before sowing and are widely used in production of sorghum, wheat, and rice. Conventional crops were the most dominant application of glyphosate industry, having had over 55% of the industry demand.
Below are the geographical trends influencing glyphosate industry over 2016-2024:
The U.S. glyphosate market was reached over USD 450 million in 2015. Rising consciousness among farmers pertaining to agrochemical benefits along with changing preference for GM crops will fuel the industry growth in this region.
Europe glyphosate market will observe a steady growth owing to strict government regulations on using herbicides. Russia glyphosate industry is estimated to witness gains over 2.5% by 2024, due to rising cultivable land and technological advancement in agriculture.
Asia-Pacific glyphosate market accounted for over 15% in terms of volume in 2015. India and China dominate the agriculture sector in the region owing to vast cultivable land and easily accessible natural resources. China market was worth around USD 400 million in 2015.
Browse key industry from the report, “Glyphosate Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glyphosate-market
The above information is provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Malaysia
• Indonesia
• Latin America
• Brazil
• Argentina
• Mexico
• MEA
• Saudi Arabia
• UAE
• South Africa
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://headlinenewsnation.com
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