Glyphosate market: the global market is expected to grow at a CAGR of over 6.2% during the forecast period, 2022-2030

November 2022, Market Research Future has published a Report on the Global Glyphosate Market

Glyphosate Market Highlights:

Glyphosate market size is estimated to reach USD 17.5 billion by 2030 at a CAGR of 6.2% over the forecast period (2022-2030).

The glyphosate is widely used in cereals & grains, weed removal, oilseed & pulses, fruits & vegetables among others. The global glyphosate market is spanned across five regions of the world namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific market is projected to grow at a rapid pace. The growing demand for agricultural produce along with the increasing use of glyphosate for removal of weed is expected to boost the market in this region. Moreover, the changing farming practices in the region is also expected to affect the market growth positively. South America is anticipated to be one of the largest markets of glyphosate mainly driven by Brazil and Argentina. The growing production of genetically modified crops in the region is expected to drive the growth of the market. Among the various crop type, genetically modified soya bean is anticipated to be the largest type during the review period. Europe is expected to show a steady growth during the forecast period. The growing application in removal of weed coupled with approval of European Union for the use of glyphosate is expected to augment the market growth further.

Global glyphosate market share, by region

Source: MRFR analysis

Segmentation

The global glyphosate market is segmented into crop type, from application and region. On the basis of the crop type, the global market of glyphosate can be segmented into genetically modified crops, conventional crops. On the basis of the form, the market is segregated into liquid form and dry form. On the basis of the application, the market is further segmented into grains & cereals, oilseeds & pulses, fruits & vegetables, weed removal and others. On the basis of the region, the global glyphosate triglycerides market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Key Players

Some of the prominent players in the global glyphosate market are Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer AG (Germany), E.I. Du Pont De Nemours & Company (U.S.), The Dow chemical company (U.S.), Nufarm Limited (Australia), Nantong Jiangshan Agrochemical & Chemical, Inc.(China), Adama Agricultural Solutions Ltd (Israel), UPL Limited (India), and Zhejiang Xinan Chemical Industrial Group Co., Ltd (China).