Global Glyphosate Market Report 2022-2026: Growing Adoption of GM Crops Underpins Volume Sales

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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:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• An Introduction to Glyphosate

• Manufacturing Processes

• Applications of Glyphosate

• Select Trade Names

• Glyphosate: A Historical Perspective

• Toxicological Assessment

• Impact of Glyphosate on Agroecosystem

• Weed Resistance to Glyphosate

• Glyphosate Replacements

• 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

• Competitive Scenario

• 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.

• BASF SE

• Bayer AG

• China National Chemical Corporation

• ADAMA Agricultural Solutions Ltd.

• Syngenta AG

• FMC Corporation

• Fuhua Tongda Technology Co. Ltd.

• Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.

• JingMa Group

• Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co.

• Nufarm Limited

• Shandong Weifang Rainbow Chemical Co., Ltd.

• Sinochem Holdings Corporation Ltd.

• UPL Limited

• Wynca Group

• 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

• Lawsuits

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

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