Dublin, May 03, 2022 (GLOBE NEWSWIRE) -- The "Glyphosate - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Glyphosate Market to Reach $8.9 Billion by 2026
Global Glyphosate market estimated at US$7.6 Billion in 2020 is projected to reach US$8.9 Billion by 2026, registering a compounded annual growth rate (CAGR) of 3.0% over the analysis period.
Application of the herbicide on the tree stump, injecting into the trunk, aerial spraying for absorption through leaves, broadcasting, and cut-stump treatment for forestry are few of the methods in which the herbicide is applied for killing weeds in home gardens, yards, amenity areas, and crop fields.
Glyphosate is the most widely used herbicide in the world in terms of volume, and is used for silviculture, agriculture, horticulture, and garden management. Glyphosate is used both as a pre-emergence herbicide, wherein the chemical is applied prior to seeding, as well as post-emergence herbicide, where application is commenced subsequent to crop germination. Glyphosate is classified under the group of non-selective herbicides, as it can kill a wide array of plants, including woody plants, perennials, and grasses.
Consequently, application of the herbicide after the emergence of the main crop is risky as it might kill the main crop as well. However, at present, with the development of several genetically-modified, glyphosate tolerant crops, farmers around the globe are also employing glyphosate for post emergence application.
The United States represents the largest regional market for Glyphosate, accounting for an estimated 30.1% share of the global total in 2020. The market, estimated at US$2.3 Billion in 2020 is projected to reach US$2.9 Billion by the end of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 5.0% over the analysis period.
By application, Global market for Conventional Crops is estimated at US$5.5 Billion in 2020, and is projected to reach US$6.5 Billion by 2026 reflecting a compounded annual growth rate of 3.2% over the analysis period. The United States constitutes the largest regional market for Conventional Crops segment, accounting for 29.4% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 5.2% over the analysis period, to reach US$1.4 Billion by the end of the analysis period.
Asia-Pacific (including China and Japan) represents the largest market for glyphosate, followed by the US. Though the US is expected to continue to retain its importance over the forthcoming years, growth is expected to mainly emanate from the developing regions, especially Asia-Pacific. The region is also the fastest growing over the analysis period 2020-2027.
Asia-Pacific is poised to yield maximum growth for GM rice and other GM crops in near future. Also, the fact that China, India, Korea and ASEAN nations are relentlessly investing in plant research for developing specialized crops with better weed control and enhanced traits such as drought tolerance is indicative of the tremendous potential for growth waiting to be tapped.
In these developing countries, expanding population, rising income levels and rapid urbanization trend is bearing significant impact on the trends in the food and beverages industry. China and India are likely to be at the forefront of the growth in the glyphosate market with progress attributed to the fast-paced economic development, changing consumer lifestyles, ballooning population, rising income levels and the increased demand for food.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
An Introduction to Glyphosate
Applications of Glyphosate
Select Trade Names
Glyphosate: A Historical Perspective
Impact of Glyphosate on Agroecosystem
Weed Resistance to Glyphosate
Herbicides: A Prelude
Glyphosate: One of the Widely Used Herbicides in the World
Wide Ranging Benefits Offered in Weed Control Help Sustain Market Momentum
Efficacy of Glyphosate-Based Herbicides on Select Large Broad-Leaved Weeds (as a Percentage of Foliar Kill)
Asia-Pacific Evolves as Primary Consumer
Developed Regions Continue to Generate Opportunities
Recent Market Activity
Select Global Brands
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 79 Featured)
Anhui Huaxing Chemical Industry Co. Ltd.
China National Chemical Corporation
ADAMA Agricultural Solutions Ltd.
Fuhua Tongda Technology Co. Ltd.
Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.
Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co.
Shandong Weifang Rainbow Chemical Co., Ltd.
Sinochem Holdings Corporation Ltd.
Zhejiang Jinfanda Biochemical Co. Ltd.
3. MARKET TRENDS & DRIVERS
The Perennial Need for Weed Control in Crop Cultivation: Cornerstone for Present & Future Growth of Glyphosate Market
Common Weeds by Weed Category: Brief Details of Weed Category, Common Name and Botanical Name
Sustained Emphasis on Increasing Farm Productivity Amid Ballooning Global Population Instigates Robust Demand
Global Food Scenario: Key Facts
Shrinking Arable Land Improves Market Prospects
Loss of Arable Land Exerts Immense Pressure on Yields Per Acre
Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
Increasing Demand for Industrial Crops to Enhance Market Demand
Growing Adoption of GM Crops Underpins Volume Sales
Novel HT Traits Proliferating the Farmlands
Glycine Route Continues to Dominate the Global Glyphosate Production
Increase in Growth of Biological Fuel to Drive Glyphosate Demand
Glyphosate Pricing Trends
Mounting Challenges Wield Immense Pressure on Glyphosate Market
Key Issues & Challenges Hampering Market Prospects
Continued Debate on Toxic Nature of Glyphosate
Bans and Restrictions on Use of Glyphosate in Select Countries
Rising Prevalence of Glyphosate-Resistant Weeds
Growing Prevalence of Glyphosate-Resistant Weeds: Number of New Glyphosate-Resistant Cases Identified Worldwide from 2006 through 2014
Select Glyphosate-Resistant Weeds Worldwide: Brief Details of Common Name, Botanical Name, and Country of Occurrence
Increasing Organic Farming Deters Market Prospects
Upcoming Selective Herbicides
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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