Press release
2025-2034 Glyphosate Market Roadmap: Insights for Competitive Advantage
Glyphosate Market
Glyphosate Market Size Growth Forecast: What to Expect by 2025?
The market size for glyphosate has seen significant expansion in the past few years. The projection shows an increase from $10.92 billion in 2024 to $11.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.9%. Factors contributing to growth in the past period include the creation of genetically modified (GM) crops, increased yield in farming, the prevalence of no-till farming methods, worldwide agricultural growth, as well as cost-effectiveness and adaptability.
How Will the Glyphosate Market Size Evolve and Grow by 2029?
In the coming years, substantial expansion is forecasted for the glyphosate market, with expectations to reach $17.11 billion in 2029, led by a compound annual growth rate of 9.5%. Factors contributing to this growth during the forecast period include the rise of alternative methods for weed control, stricter regulations and environmental awareness, the increasing use of precision agriculture, a shift towards sustainable farming, and public consciousness and customer choices. Key trends for the period include developments in herbicide technology, a continued move towards sustainable agriculture, strategies to handle resistance, the growing implementation of genetically modified (GM) crops, and regulatory examinations and prohibitions.
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What Drivers Are Propelling the Growth of Glyphosate Market Forward?
The surge in fertilizer needs would fuel the advancement of the glyphosate market. Due to the escalating global population, there is an increasing demand for more food, water, and farm products, hence, farmers are resorting to contemporary farming techniques to grow plants and crops effectively for optimum profits. There is an extensive application of fertilizers by farmers to safeguard and speed up the crop growth. For instance, as per the International Fertilizer Association, an organization for fertilizers based in Paris, global fertilizer usage was anticipated to bounce back by 4% in 2023, hitting 192.5 million metric tons (mmt). Therefore, escalating fertilizer requirements are catalyzing the growth of the glyphosate market.
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Which Emerging Trends Are Transforming the Glyphosate Market in 2025?
Leading businesses in the glyphosate market are employing a strategic alliance framework to invest in cutting-edge solutions and broaden farmer market alternatives. Strategic alliances are a method by which firms can exploit each other's assets and capabilities for reciprocal benefits and achievement. For instance, Corteva Agriscience, an agriculture-focused company headquartered in the US that offers solutions to farming difficulties, formed a partnership with BASF SE, a multinational chemical company based in Germany, in August 2022. The companies aim to create herbicide-resistant soybeans and corresponding herbicides for agricultural use in North America and abroad through this cooperation. Included in this plan are traits granting tolerance to BASF's Liberty and PPO-inhibitor herbicides, together with Corteva's Enlist herbicides, glyphosate, and a novel herbicidal action mode currently under development at BASF.
What Are the Key Segments in the Glyphosate Market?
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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Who Are the Key Players Shaping the Glyphosate Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Glyphosate Market?
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.
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