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Glyphosate Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Glyphosate
What Is the Current Glyphosate Market Size and Its Estimated Growth Rate?
The market size for glyphosate has seen robust growth in the past few years. Its value is projected to increase from $10.92 billion in 2024 to $11.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.9%. Factors credited for this growth during the historic period include the introduction of genetically modified (GM) crops, improved agricultural productivity, the proliferation of no-till farming practices, a global increase in agriculture, and the cost-effectiveness and adaptability of glyphosate.
Significant expansion is anticipated in the glyphosate market in the forthcoming years, with predictions suggesting it reaching a worth of $17.11 billion in 2029, maintaining a compound annual growth rate (CAGR) of 9.5%. Several factors contribute to this growth, including the development of alternative weed management techniques, strict regulations, environmental considerations, the growing implementation of precision agriculture, a shift towards sustainable farming, and increasing public awareness and consumer preferences. The expected trends during this forecast period involve technological advancements in herbicides, a move towards sustainable farming, resistance management tactics, a rise in the adoption of genetically modified (GM) crops, regulatory examination, and prohibitions.
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How Are Emerging Segments Shaping the Glyphosate Market Landscape?
The glyphosate market covered in this report is segmented -
1) By Crop Type: Genetically Modified Crops, Conventional Crops
2) By Form: Liquid, Dry
3) By Application: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Commercial Crops, Other Applications
Subsegments:
1) By Genetically Modified Crops: Herbicide-Tolerant Soybeans, Herbicide-Tolerant Corn, Herbicide-Tolerant Cotton
2) By Conventional Crops: Wheat, Barley, Fruits and Vegetables
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Which Growth Factors Are Influencing Glyphosate Market Expansion?
The surging demand for fertilizers is anticipated to fuel the expansion of the glyphosate market. Due to the escalating world population with an increased need for food, water, and agricultural products, farmers are turning to modern farming techniques to cultivate plants and crops with the goal of maximizing their profits. Greater fertilizer usage is being witnessed as farmers strive to guard and boost their crop growth. To illustrate, the International Fertilizer Association, a global organization based in Paris, foresaw that global fertilizer usage would bounce back by 4% in 2023, hitting 192.5 million metric tons (mmt). Therefore, the uptick in demand for fertilizers is predicted to lead to growth in the glyphosate market.
Who Are the Dominant Players Across Different Glyphosate Market Segments?
Major companies operating in 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., Nufarm Limited, Zhejiang XinAn Chemical Industrial Group Co. Ltd., Wynca Group Limited, King Quenson Industry Co. Ltd., Hubei Sanjiang Fine Chemical Co. Ltd., Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Anhui Huaxing Chemical Industry Co. Ltd., Fuhua Group Co. Ltd., American Vanguard Corporation, Jiangsu Good Harvest-Weien Agrochemical Co. Ltd., Excel Crop Care Limited, Willowood Industries Limited, Jiangsu Xinyu Agrochemical Co. Ltd., Anhui Zhongnong Chemical Co. Ltd., Sinoharvest Corporation, Shandong Lvye Chemical Co. Ltd., Shandong Lianfeng Pesticide Co. Ltd., Henan Yuxing Agrochemical Co. Ltd., Jiangsu Huaxing Chemical Co. Ltd., Shandong Shuangfeng Chemical Co. Ltd.
What Are the Latest Developing Trends in the Glyphosate Market?
In the glyphosate market, leading corporations are integrating a strategic partnerships model to fund inventive solutions and broaden farmers' market choices. Strategic partnerships imply a method where businesses use each other's advantages and resources for mutual profits and success. For instance, Corteva Agriscience, a global agriculture company based in the US that provides solutions for agricultural issues, united forces with BASF SE, a multinational chemical company based in Germany offering chemicals and crop protection commodities in August 2022. This alliance is designed to generate future herbicide-resistant soybeans and corresponding herbicides for North America's farmers and beyond. This deal includes traits granting tolerance to BASF's Liberty and PPO suppressing herbicides, in addition to Corteva's Enlist herbicides, glyphosate, and a new herbicide action mode that is presently under process at BASF.
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Which Geographic Regions Are Expected to Dominate the Glyphosate Market in the Coming Years?
Asia-Pacific was the largest region in the glyphosate market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the glyphosate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glyphosate Market?
2. What is the CAGR expected in the Glyphosate Market?
3. What Are the Key Innovations Transforming the Glyphosate Industry?
4. Which Region Is Leading the Glyphosate Market?
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