Glyphosate Market to Reach Over USD 12 Billion by 2034 with Strong Adoption in Asia Pacific and Europe

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Glyphosate Market- (By Crop Type (Genetically Modified Crop, Conventional Crop), By Application (Agriculture, Household, Industrial, Others), By Function (Weed Management Solution, Improve Soil Health, Improved Planting Efficiency, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Glyphosate Market is valued at USD 8.9 Bn in 2024, and it is expected to reach USD 12.4 Bn by the year 2034, with a CAGR of 3.5% during a forecast period of 2025-2034.

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Glyphosate is a widely utilized herbicide that plays a critical role in modern agricultural practices due to its effectiveness in controlling a broad spectrum of weeds. Its chemical characteristics allow for efficient application and absorption through plant foliage, enabling targeted weed management with relatively low risk. This mechanism enhances crop productivity by reducing competition for essential resources.

The market for glyphosate is experiencing growth, driven by the increasing adoption of advanced agricultural technologies. Rising global population levels are intensifying the demand for food, water, energy, and related agricultural commodities, thereby encouraging farmers to deploy modern equipment and inputs to improve crop yields and profitability. Glyphosate continues to be a preferred solution for managing weeds and grasses, with many farmers applying it within the maximum allowable limits to optimize output.

Despite its widespread usage, the market faces notable challenges. The development of glyphosate-resistant weed species, along with regulatory restrictions on genetically modified crops in various regions, poses a potential threat to market expansion. Furthermore, growing environmental and health concerns related to glyphosate exposure have led to increased scrutiny, which may limit its acceptance and use over the forecast period.

List of Prominent Players in the Glyphosate Market:
• Adama Agricultural Solutions Ltd
• American Vanguard Corporation
• Anhui Huaxing Chemical Industry Company
• BASF SE
• Bayer Cropscience AG
• Corteva Agriscience
• Dow AgroSciences Australia Ltd.
• E.I. Du Pont De Nemours & Company
• Excel Crop Care Limited
• HPM Chemicals & Fertilizers Ltd.
• Indofil Industries Ltd.
• Jiangsu Good Harvest-Weien Agrochemical Co., Ltd
• King Quenson Industry Group
• Monsanto Company
• Nantong Jiangshan Agrochemical & Chemical, Inc.
• Nufarm Ltd.
• Sikko Industries Ltd
• Sinochem Corporation
• SinoHarvest
• Syngenta AG
• UPL Limited
• Zhejiang Xinan Chemical Industrial Group Company, Ltd

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Market Dynamics
Drivers:
The global glyphosate market is experiencing robust growth, primarily attributed to its increasing acceptance as a highly effective soil enhancer. Its extensive application in preserving soil fertility, improving water quality, and mitigating soil erosion plays a vital role in driving demand. Compared to conventional mechanical tillage methods, glyphosate usage results in lower environmental impact and reduced operational costs, thereby making it an attractive option for modern agricultural practices. Moreover, the agricultural industry's growing dependence on glyphosate for efficient broadleaf weed control and enhanced crop productivity is expected to support sustained market growth in the foreseeable future.

Challenges:
Despite its benefits, the glyphosate market faces several challenges. High product costs, evolving regulatory landscapes, and the unpredictability of emerging markets-further exacerbated by global disruptions such as lockdowns-pose significant hurdles. Additionally, concerns stemming from animal studies, which suggest potential health risks such as congenital disabilities, liver damage, and reproductive issues due to glyphosate overexposure, may restrain market expansion. Ongoing public scrutiny and debate surrounding the use of genetically modified organisms (GMOs) also present a barrier to broader glyphosate adoption.

Regional Trends:
The Asia-Pacific region is anticipated to dominate the global glyphosate market over the coming years, underpinned by increasing weed prevalence, the widespread adoption of genetically modified crops, and the progressive shift toward modern farming practices. Heightened awareness regarding the environmental and health risks of conventional pesticides is also contributing to the growing interest in glyphosate-based solutions across the region.

In Europe, the market is supported by strong governmental support for glyphosate use in forestry and agriculture, as well as ongoing efforts to enhance soil health through sustainable practices. The region's focus on agricultural innovation and the presence of key market players, along with increased collaboration among major stakeholders, are expected to create further opportunities for market penetration and growth, reinforcing Europe's role in the global glyphosate market expansion.

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Recent Developments:
• In March 2022, BASF and Corteva Agriscience agreed to cross-license soybean traits and develop complementary herbicide technologies (including glyphosate tolerance) to enable both companies to offer novel soybean weed management solutions to farmers around the world.
• In Aug 2021, Jiangshan earned the position of the second-largest global supplier of glyphosate subsequent to its acquisition of Fuhua Tongda. Following the conclusion of the acquisition, Jiangshan acquired full ownership of Fuhua Tongda.

Segmentation of Glyphosate Market-
By Crop Type -
• Genetically Modified Crop
• Conventional Crop
By Application -
• Agriculture
• Household
• Industrial
• Others
By Function -
• Weed Management Solution
• Improve Soil Health
• Improved Planting Efficiency
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/glyphosate-market/2103

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This release was published on openPR.