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The size of the Glyphosate Market is determined by several factors affecting its dynamics and growth collectively. One of the major forces propelling it is the extensive application of glyphosate-based herbicides in agriculture. Modern weed control practices rely heavily on this broad-spectrum herbicide called glyphosate, which kills many types of weeds. The Global Glyphosate Market will reach USD 17.5 billion by 2030, at a CAGR of 6.2% during the forecast period from 2022 to 2030. Glyphosates are pesticides used to prevent disease caused by fungi and spores. Pesticide can be used selectively for single or multiple fungoid diseases. The worldwide cultivation of fruits and vegetables has significantly contributed to the global demand for glyphosate due to the heightened susceptibility of these crops to fungal diseases.
The adoption of advanced farming techniques, an increase in fungal crop attacks, and the low fungicide costs compared to other controls are some of the key drivers for glyphosate demand. Additionally, genetically modified (GM) crops that can endure glyphosate characterize the Glyphosate Market dynamics. It is an innovation that allows farmers to directly use herbicides based on glyphosate to eliminate weeds while sparing the cultivated plants. The use of GM crops such as glyphosate-resistant soybeans and maize has been increasing over time, leading to a high purchase order for these weed killers. The overall market dynamics are governed by how genetically modified organisms (GMOs) have combined with glyphosate.
The regulatory environment of glyphosates also influences its market dynamics. This product has had much controversy regarding its environmental impact and health risks in different countries, thus triggering scrutiny from various organizations responsible for regulations. Also, economic factors like the price of this product and competition among producers shape The Glyphosate Market Size. Different agricultural practices done across various regions lead to variations in demand for glypho… In places where large-scale monoculture farming exists, it is common to find growers relying more on glyphosate. On the contrary, well-differentiated cropping systems and organic ways of farming may show reduced reliance on any substance derived from glyphosate. In summary, numerous factors determine the size of the glyphosate market, including but not limited to efficient global weed control requirements through genetic manipulation, regulatory choices made pertaining to GMOs, regional agricultural practices, and ecological aspects, among others.
Glyphosate Market Highlights:
Glyphosate Market Overview
Glyphosate Market Size was valued at USD 11.21 billion in 2023. The Glyphosate Market industry is anticipated to grow from USD 11.81 billion in 2024 to USD 20.64 billion by 2032, exhibiting a CAGR of 7.23% during the forecast period (2024 - 2032).
Glyphosates are pesticides that are used to prevent and control the growth of fungi and spore diseases. These glyphosates can be selective of specific illnesses or against multiple fungal diseases. The increasing cultivation of fruits and vegetables across the globe has boosted the market got glyphosate globally, owing to the high susceptibility of fungal diseases. Adoption of advanced farming techniques, rising instances of fungal attacks on crops, and low costs associated with the use of fungicides as compared to other methods of control have boosted the demand for glyphosate. The trend for precision farming and organic cultivation are creating new growth opportunities for fungicide manufacturers.
Glyphosate Market Segmentation
The global glyphosate market has been segmented based on application, crop type, form, and region. By application, the global glyphosate market has been segmented into agriculture, household, and industrial. The agriculture segment is further classified as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Based on crop type, the global glyphosate market has been divided into genetically modified crops and conventional crops. Based on form, the global glyphosate market has been bifurcated into dry and liquid. The global glyphosate market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American glyphosate market has been categorized into the US, Canada, and Mexico. The European glyphosate market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The glyphosate market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The glyphosate market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
ADAMA Agricultural Solutions Ltd. (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Nantong Jiangshan agrochemical & Chemical, Inc (China), BASF SE (Germany), Nufarm Limited (Australia), Corteva Agriscience, Syngenta AG (Switzerland), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), UPL Limited (India), Excel Crop Care Limited (India), American Vanguard Corporation (US), King Quenson Industry Group (China), and Sinochem Corporation (China)are some of the key players in the global glyphosate market.
Regional Market Summary
Asia-Pacific is expected to dominate the market for glyphosate during the forecast period. The high adoption of modern agriculture practices, high prevalence of weed growth, and adoption of genetically modified crops in the region have contributed to the growth of the market. The region is projected to register the highest CAGR during the forecast period. China, India, and Japan contribute significantly to the increasing demand in Asia-Pacific. North America is the second-largest market for glyphosate.
Recent News
October 2023: Bayer introduced XtendFlex® soybeans in October 2023, which provide resistance to the herbicides dicamba, glyphosate, and glufosinate. Growers are particularly enthusiastic about the performance of XtendFlex soybeans when combined with a pre-emergence or at-planting application of the restricted use pesticide XtendiMax® with VaporGrip® Technology. Ahead of the 2023 growing season, XtendiMax herbicide significantly aided in weed control despite the arid conditions; unlike other residual products, it does not require water to activate. Growing crops with forthcoming herbicide-tolerance traits of the fourth and fifth generations will provide even greater versatility. HT4, the fourth generation trait from Bayer, is an extension of XtendFlex® Technology that provides tolerance to glyphosate, dicamba, and glufosinate, in addition to tolerance to the HPPD inhibitor mesotrione and 2,4-D. With regulatory approvals pending, the anticipated release date for HT4 is 2027. Preliminary regulatory applications have been filed in Canada, the United States, and other significant importers of soybeans.
May 2023: Ancient Organics Bioscience, Inc., a developer of proprietary soil and plant probiotics and an agricultural technology company, today announced the commercial launch of PaleoPower™ in May 2023. PaleoPower is the only product known to decompose glyphosate contamination in the soil through organic processes. PaleoPower is a consortium of glyphosate-degrading beneficial microorganisms. The active component of Roundup® and other extensively used glyphosate-based herbicides is glyphosate. PaleoPower reduced glyphosate levels in the soil by more than 80 percent within 90 days and by more than 90 percent within 180 days, according to controlled studies. Scientific research indicates that glyphosate has a detrimental effect on the soil microbiome, which subsequently leads to a decrease in soil productivity. Glyphosate has been associated with numerous health problems in humans, including cancer. Furthermore, the presence of glycosate in an increasing number of foods has increased consumer apprehension regarding the food supply's quality and safety. PaleoPower eliminates glyphosate residues from the soil. Additionally, it replenishes a thriving microbiome, thereby enhancing soil productivity. PaleoPower is a significant new instrument that enables farmers to cultivate healthier food while enhancing the quality and productivity of their soil.
Global Glyphosate Market, by Application
- Agriculture
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Household
- Industrial
Global Glyphosate Market, by Crop Type
- Genetically Modified Crops
- Conventional Crops
Global Glyphosate Market, by Form
- Dry
- Liquid
Global Glyphosate Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Glyphosate manufacturers
- Herbicide manufacturers
- Agrochemical manufacturers
- Dealers and distributors
- Raw material suppliers and distributors
- Traders, exporters, and importers
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