Glyphosate Market Analysis, Size, Regional Outlook and Forecasts to 2024

The global glyphosate market is expected to be valued at USD 9 billion over the forecast period of 2016-2024. Surging demand for (GM) genetically modified crops is expected to remain a key driver for the market.

The global glyphosate market was valued at around USD 5 billion in 2012. It is likely to reach USD 9 billion over the forecast period (2016-2024). Increasing population and the rise in demand for genetically modified (GM) crops are expected to driver of the glyphosate market.

Increase in crop consumption for biofuels and animal feed can propel market growth in the coming years. Moreover, development in the field of genetically modified crops promoting weed resistance is likely to boost market growth. This product helps farmers in reducing the degree of tillage, further positively affect the market.

Browse Details of Report @ https://www.hexaresearch.com/research-report/glyphosate-industry


Glyphosate is used extensively in gardens and home landscaping. It effectively kills annual and perennial grasses along with dandelions, broadleaf weeds, shrubs, poison ivy, kudzu, and other weeds.

Using this product in a large quantity can lead to an increase in immunity in the weeds. Additionally, it can increase the toxicity related risks can also challenge the growth of the glyphosate industry. The market is bifurcated into applications and regions.

Applications comprise of conventional crops and genetically modified. The conventional crops segment dominated the demand accounting to over 52% of the total consumption in 2014. However, the genetically modified crop based application can exhibit the highest gain over the forecast period.

Regions are divided into North America, Europe, Asia Pacific, and the RoW (Rest of the World). Asia Pacific held the largest market in 2013. It is expected to continue doing so, over the forecast period, owing to the rapid adoption of the product in countries like India and China.

North America can exhibit substantial growth over the eight years. The growth can be attributed to the awareness of the increase in agricultural yield. However, European glyphosate industry held around 15% of market share in terms of total volume, in 2014. However, it is likely to show less demand due to the unfavorable regulations of the region.
Zhejiang Xinan Chemical Industrial Group Company Limited, Monsanto, BASF SE, and SinoHarvest Corporation are some of the major competitors of the global glyphosate market. Monsanto is leading the worldwide market, owing to the role in the introduction and adoption of crops that are glyphosate-tolerant. The players engage in mergers and acquisitions as a part of their strategic activities.

Browse Related Category Reports @ https://www.hexaresearch.com/research-category/agrochemicals-and-fertilizers-market


Contact Details

Company Name: Hexa Research
Issued By: Ryan Shaw
Phone: 8004893075
Address: Felton Office Plaza 6265 Highway 9
City: Felton
State: CA
Zip: 95018
Country: United States
Website: Visit the website

Keywords : glyphosate market, glyphosate market size, glyphosate market share, glyphosate market analysis, glyphosate market growth, glyphosate market trends, glyphosate market forecasts,

by Ryan Shaw (a month ago!)

Latest Press Releases

Global 4-Sulfophthalic Acid Market Professional Survey Report 2017

X-ray Market Research Report: Strategies Challenges and Forecast 2022

Global Telecom Services Market Professional Survey Report 2017

Global 4-Methoxyphenylhydrazine Hydrochloride Market Professional Survey Report 2017

Advanced Dermatology Skin Care Reviews

Immune Checkpoint Inhibitors Grabbing Attention

Global 4-Hydroxyphthalic Acid Market Professional Survey Report 2017

Global Smoke Retardant Composite Resin Market Professional Survey Report 2017

FMI Releases New Report on the Social Publishing Application Market 2016-2026

Global Silicon Tetrafluoride Market Professional Survey Report 2017

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.