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Glyphosate Market: Strong Growth Predicted with a CAGR of 9.5% Driven by Emerging Weed Control Methods and Increased Adoption of Precision Agriculture
Glyphosate Market Size
What Is The Projected Market Size Of The Global Glyphosate Market And Its Growth Rate?
The global glyphosate market has seen significant growth in recent times and is expected to continue this trend:
• The market size grew from $10.92 billion in 2024 to $11.89 billion in 2025 with an impressive compound annual growth rate (CAGR) of 8.9%.
• This growth reflects the introduction of genetically modified (GM) crops, increased agricultural productivity, rise in no-till farming practices, global expansion of agriculture, cost-effectiveness and versatility.
• The glyphosate market size is projected to further expand to $17.11 billion in 2029 at a CAGR of 9.5%.
• Major growth drivers during the forecast period include emergence of alternative weed control methods, stringent regulations and environmental concerns, increased adoption of precision agriculture, shift towards sustainable agriculture, public awareness and consumer preferences.
What Is Driving The Growth In The Glyphosate Market?
The overarching factor driving the growth of the glyphosate market is the increasing demand for fertilizers. As the global population grows, the demand for food, water, and agricultural products also increases. To meet this demand, modern agricultural methods are being adopted to maximize crop growth and yield. A key component of these practices is the use of large quantities of fertilizers to protect and enhance crop growth. For example, according to the International Fertilizer Association, global fertilizer consumption is expected to rebound by 4% in 2023, reaching 192.5 million metric tons. This soaring demand for fertilizers is a significant driver for the glyphosate market.
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Who Are the Key Players Driving Glyphosate Market Growth?
Major companies contributing to the growth of the glyphosate market include:
• Sinochem Corporation Limited
• BASF SE
• Dow AgroSciences LLC
• Syngenta Group AG
• Bayer CropScience AG
• Corteva Agriscience LLC
• UPL Limited
• Food Machinery and Chemical Corporation
• Adama Agricultural Solutions Ltd.
• Luxi Chemical Group Co. Ltd.
What Are The Key Trends In The Glyphosate Market?
Key trends shaping the glyphosate market include:
• Technological advancements in herbicides
• Shift towards sustainable agriculture
• Resistance management strategies
• Increasing adoption of genetically modified (GM) crops
• Regulatory scrutiny and bans
What Are The Segments Of The Global Glyphosate Market?
The global glyphosate market can be segmented by:
• Crop Type: Genetically Modified Crops, Conventional Crops
• Form: Liquid, Dry
• Application: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercial Crops, Other Applications
Which Region Leads The Glyphosate Market?
Asia-Pacific was the largest region in the glyphosate market in 2024. Furthermore, North America is expected to be the fastest-growing region during the forecast period. The report covers all key regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Glyphosate Market Global Market Report?
- Market Size Analysis: Analyze the Glyphosate Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Glyphosate Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Glyphosate Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Glyphosate Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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