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Glyphosate Market Insights with Key Company Profiles – Forecast to 2031
Glyphosate Market
Leading manufacturers of glyphosate are continuing to reiterate the environment-friendly attributes of glyphosate. They opine that the combination of glyphosate and glyphosate tolerant crops help push sustainable practices such as new and improved tillage methods and fuel conservation due to the limited usage of fuel over sprayer passes. This will also lead to a substantial reduction of greenhouse gases over a period of time.
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The benefits of glyphosate’s farming potential are many. Not only does it kill a very broad spectrum of weeds, but it has also heralded an era of sustainability by conserving water through conservation tillage. No-till farming leaves the soil undisturbed and erosion-free.
Since the soil is not frequently agitated, the bio-diversity of the soil is maintained allowing the growth of fungi and earthworm which work together to enhance water retention and reduce evaporation. With no-till agriculture being the cornerstone of glyphosate the glyphosate market will continue to catapult towards growth.
On the other hand, glyphosate is creating mass hysteria and panic among farmers and scientists. Dubbed a ‘probable carcinogen’ by the World Health Organization (WHO), glyphosate, an herbicide used to kill weeds and protect crops is garnering negative attention from the public.
Many manufacturers of Glyphosate are being slapped with lawsuits by consumers affected by Non-Hodgkin’s lymphoma, a cancer that can occur when varying traces of glyphosate enter the food supply.
This along with repeated studies having found traces of Glyphosate in food might impact the market negatively in the near future. However, its immense demand as one of the most popular herbicides in modern farming will continue to propel its growth.
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Global Glyphosate Market: Introduction
Glyphosate is a herbicide which is used to kill weeds in agricultural as well as in nonagricultural landscapes. Most of products that are manufactured by using glyphosate are used with surfactants and chemicals that helps glyphosate to penetrate the plant cells. It is applied on the leaves of plants for reduction of both broadleaf plants as well as grasses.
Moreover, the sodium salt form of glyphosate is used for regulating plants growth and ripen fruit. Glyphosate are available in market in many forms, including an acids and several salts. These can be either be in amber-colored liquid form or in solid form. The products containing glyphosate are acutely toxic to humans as well as animals. Its symptoms includes skin and eye irritation, nausea, headache, elevated blood pressure, numbness, and heart palpitations.
Additionally, the growing awareness among farmers related to plant growth development along with agricultural upliftment will boost the glyphosate market growth in the forecast period. Moreover, plant growth regulation coupled with weed growth control are some of the prominent features improving the product demand.
Global Glyphosate Market: Dynamics
Rising production of genetically modified crops along with the increasing food consumption and increasing demand from cattle feed is expected to drive the glyphosate market in the near future. Technological advancements in glyphosate-tolerant genetically modified crops have improved its resistance to weed. Glyphosate reduces farmer’s efforts for spadework. Technological developments that enable no tillage and less tillage farming systems will fuel product demand.
Necessity to upsurge yield per hectare along with rise in global food demand are some of the factors fueling the glyphosate demand. Genetically modified crops will witness a significant growth owing to rising awareness among consumers.
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Global Glyphosate Market: Segmentation
Global Glyphosate Market can be segmented on the basis of crop type, by form, by application and by region.
On the basis of crop type, the global glyphosate market can be segmented as
Genetically Modified Crops
Conventional Crops
On the basis of form, the global glyphosate market can be segmented as
Liquid
Dry
On the basis of applications, the global glyphosate market can be segmented as
Agricultural
Oilseeds & Pulses
Grains & Cereals
Fruits & Vegetables
Others
Non-Agricultural
On the basis of regions, the global glyphosate market can be segmented as
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Global Glyphosate Market: Market Participants
Names of some of the manufacturers involved in the manufacturing of glyphosate are:
The DOW Chemical Company
Bayer AG
Monsanto Company
I. Du Pont De Nemours and Company
Syngenta AG
Nufarm Limited
Nantong Jiangshan Agrochemical & Chemical, Inc.
Zhejiang Xinan Chemical Industrial Group Co.,Ltd
ADAMA Agricultural Solutions Ltd.
United Phosphorus Limited (UPL)
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