Glyphosate Market Worth 10,675.9 Million USD By 2022
The global glyphosate market is mainly segmented by formulation (liquid form and solid form), by application (spraying, dusting, soil treatment, and others), by crop type (cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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The cereals & grains commanded the largest share in the global glyphosate market in 2016, owing to the large production of cereal & grains across the globe and increasing adoption by farmers to control the yield losses due to weeds.
Geographically, Latin America accounted for the major share in the global glyphosate market in 2016, followed by Asia Pacific and Europe region. The major share of the Latin American region is mainly attributed to the large arable land, increasing demand for crop yield & efficiency, adoption of new farming practices, and increasing crop yield losses due to weeds. However, Asian countries are slated to register the fastest growth during the forecast period, primarily due to large area under agriculture cultivation, and rising need to ensure the food safety for its continuously growing population.
Scope of the Report:
Market by Formulation
Market by Application
• Soil Treatment
Market by Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Ornamentals
• Other Crops
Market by Geography
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of World
o Latin America
Rest of LATAM
o Middle East & Africa
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The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market shares. The key players in the global glyphosate market are Bayer CropScience AG, BASF SE, Syngenta (Subsidiary of ChemChina), FMC corporation, Monsanto Company (Part of Bayer), E.I. du Pont de Nemours & Company, Nufarm Limited, Drexel Chemical Company, ArystaLifeScience Corporation (Platform Specialty Products), ADAMA Agricultural Solutions Ltd (Part of ChemChina), UPL Limited, and Heranba Industries Ltd.
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