Glyphosate Market Size, Share Worth USD 20.37 Billion With Significant Growth Rate Of 4.5% CAGR Between 2019-2024: Market Research Future

Glyphosate Market Overview:

The global Glyphosate Market is projected to reach USD 20.37 billion by 2024 and is expected to register 4.5% CAGR during the forecast period of 2019 to 2024. The glyphosate is widely used in cereals & grains, weed removal, oilseed & pulses, fruits & vegetables among others. The global glyphosate market is spanned across five regions of the world namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific market is projected to grow at a rapid pace. The growing demand for agricultural produce along with the increasing use of glyphosate for removal of weed is expected to boost the market in this region. Moreover, the changing farming practices in the region is also expected to affect the market growth positively. South America is anticipated to be one of the largest markets of glyphosate mainly driven by Brazil and Argentina. The growing production of genetically modified crops in the region is expected to drive the growth of the market. Among the various crop type, genetically modified soya bean is anticipated to be the largest type during the review period. Europe is expected to show a steady growth during the forecast period. The growing application in removal of weed coupled with approval of European Union for the use of glyphosate is expected to augment the market growth further.

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Segmentation

The global glyphosate market is segmented into crop type, from application and region. Based on the crop type, the global market of glyphosate can be segmented into genetically modified crops, conventional crops. Based on the form, the market is segregated into liquid form and dry form. Based on the application, the market is further segmented into grains & cereals, oilseeds & pulses, fruits & vegetables, weed removal and others. Based on the region, the global glyphosate triglycerides market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Key Players

ADAMA Agricultural Solutions Ltd. (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Nantong Jiangshan Agrochemical & Chemical, Inc (China), BASF SE (Germany), Nufarm Limited (Australia), Corteva Agriscience, Syngenta AG (Switzerland), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), UPL Limited (India), Excel Crop Care Limited (India), American Vanguard Corporation (US), King Quenson Industry Group (China), and Sinochem Corporation (China)are some of the key players in the global glyphosate market.

TABLE OF CONTENTS

Executive Summary
Market Introduction
Market Research Methodology
Market Landscape
Market Dynamics of The Global Glyphosate Market
To Be Continue......

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Regional Market

Asia-Pacific is expected to dominate the market for glyphosate during the forecast period. The high adoption of modern agriculture practices, high prevalence of weed growth, and adoption of genetically modified crops in the region have contributed to the growth of the market. The region is projected to register the highest CAGR during the forecast period. China, India, and Japan contribute significantly to the increasing demand in Asia-Pacific. North America is the second-largest market for glyphosate.

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