“Fact.MR, A Market Research and Competitive Intelligence Provider” has come up with a new research report on global Glyphosate Market Sales which analyzes the various aspects And actionable intelligence on various facts of the Glyphosate market During 2021 to 2031
The report provides key statistics on the Sales & Demand status of the leading Glyphosate players and offers key trends and opportunities in the Glyphosate Industry.
Market Overview –
COVID-19 has negatively impacted the market due to the restrictions on the supply chain of raw materials, which impacted the production of glyphosate across the world. The spread of the pandemic has adversely affected the glyphosate trade.
China is one of the leading suppliers of herbicides, essentially glyphosate, and a higher portion of Brazil’s Glyphosate demand is met by China. Its industrial activity has slowed since the start of the COVID-19 outbreak. The transportation interruptions amid the spread caused significant supply disruption for agricultural chemicals, which also lead to higher prices.
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With the area under herbicide-tolerant crops increasing and more countries approving herbicide-tolerance technology for crops, the market is expected to grow inorganically with rapid farmer adoption. Product advantages over mechanical tillage systems, like low cost, less soil, and environmental degradation, support the glyphosate market expansion.
The Objectives Of The Report Are As Follows:
- To define, segment, and project the global market size of glyphosate on the basis of crop type, form, application, and region
- To project the size of the market and its submarkets, in terms of value and volume, with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and Rest of the World (RoW)
- To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- Analyzing the demand-side factors based on the impact of macro and microeconomic factors on the market and shifts in demand patterns across different subsegments and regions.
Critical insights enclosed in the Glyphosate market Sales Report
- In-depth assessment of the leading Key players.
- The Survey of Glyphosate regional market segments and sub-segments.
- Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
- SWOT analysis of the prominent players in the Glyphosate market.
- Y-o-Y revenue growth of Glyphosate market Sales.
This Glyphosate Survey report segments the market based on type, source, form, application and region.
The Latest study on Demand of Glyphosate Market offers a Glyphosate Sales analyzes, Glyphosate Industry trends that are currently determining the growth of Glyphosate Market.
Regional Analysis –
Asia Pacific is anticipated to hold significant market share in the global market and it is expected to continue through the forecast period. This is mainly because of increasing adoption of generally modified crops and also due to availability of arable land in China and India.
Additionally with the growing demand, many Chinese companies are also entering in the glyphosate market, leading to increase in production activities in this region. Glyphosate-tolerant crops are readily adopted in the U.S. and Latin America, mainly after the launch of Monsanto’s Roundup Ready.
Owing to which Latin America is estimated to account for the largest market share for glyphosate market in the near future, mainly due to the increasing demand for glyphosate in countries such as Argentina and Brazil.
However, Asia-Pacific is projected to be the fastest-growing market during the forecast period, due to the high adoption of the upgraded crop protection technologies. Due to awareness related to the efficient use of glyphosate, Indian farmers are also adopting glyphosate as a crop protection tool.
Asia-Pacific and North America are Potential Markets
The Asia-Pacific and the North American region present equally attractive opportunities for companies operating in the glyphosate herbicide market. On account of the increasing levels of penetration of herbicide-tolerant hybrids, the North American region is expected to remain one of the fastest-growing regions. It is estimated that almost 56% of glyphosate usage in the United States is for herbicide-tolerant crops.
In the Asia-Pacific region, the growth in the market is expected to be more organic in nature. The region has the highest arable land in the world with the highest crop diversity. Increased adoption of advanced agricultural practices such as zero-tillage is expected to deliver growth to the glyphosate herbicide market in the region.
Although China has provided approval to grow herbicide-tolerant hybrids, the constraint remains with respect to India, which is yet to provide approvals for any genetically modified hybrid in food crops.
The Glyphosate Demand study addresses the following queries related to the global Market-
- Which region is likely to account for the maximum Glyphosate Market share?
- What are the most notable advancements in the Glyphosate market size?
- What strategies are Key players adopting to expand their presence in the Glyphosate market?
- Which trends are projected to disrupt the Glyphosate Demand in the upcoming years?
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Further, the Glyphosate market Survey report emphasizes the adoption pattern And Demand of Glyphosate across various industries.
The Glyphosate Sales study offers a comprehensive analysis on diverse features including production capacities, Glyphosate demand, product developments, Glyphosate Sales revenue generation and Glyphosate Market Outlook across the globe.
The Glyphosate Market outlook report takes a close look at each part and its subpart futures before looking at the 360 degree view of the Glyphosate Market Sales.
Leading Companies Profiled in the Glyphosate Market are:
The competitive landscape analysis for Glyphosate Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Glyphosate manufacturers is provided so business leaders can understand the market scenario.
An assessment on the winning strategies of key Glyphosate Market manufacturers is provided, with recommendation on what works well in Glyphosate Market landscape.
This study offers an overview of the existing market trends, metrics, drivers, and restrictions and also offers a point of view for important segments. The report also tracks product and services demand growth forecasts for the market.
Key participants in the supply chain of the glyphosate market are the product manufacturers, end use industries, and raw material suppliers. The key players that are profiled in the report include Monsanto (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).
Key Market Trends
Commercialization of GE-HT Crops
Herbicide-tolerant (HT) crops, which tolerate potent herbicides, provide the farmers with various options for effective weed control. According to the USDA, genetically engineered herbicide-tolerant crops now account for about 56% of global glyphosate use. In the United States, no pesticide has come remotely close to such intensive and widespread use. Glyphosate may remain as the most widely applied pesticide worldwide, in the future, and its demand may grow in quantifying ecological and human health impacts.
With millions of acres planted, large field crops, such as soybeans, corn, cotton, and sugar beets, have the highest total area treated and pounds applied with glyphosate. On average, 84% of glyphosate, in terms of volume, is applied to soybeans, corn, or cotton per year. These three field crops have glyphosate-resistant (GR) varieties that have been widely adopted.
The average single application rate for field crops ranges from 0.72 to 1.00 lbs. a.e./acre. Thus, glyphosate remains a useful herbicide for users in agricultural settings because of its nature of broad-spectrum application, is simple to use, and is often cost-effective.
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The study approach a detailed segmental review. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Global Glyphosate Market: Segmentation
Global Glyphosate Market can be segmented on the basis of crop type, by form, by application and by region.
On the basis of crop type, the global glyphosate market can be segmented as
- Genetically Modified Crops
- Conventional Crops
On the basis of form, the global glyphosate market can be segmented as
On the basis of applications, the global glyphosate market can be segmented as
- Oilseeds & Pulses
- Grains & Cereals
- Fruits & Vegetables
On the basis of regions, the global glyphosate market can be segmented as
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
A comprehensive estimate on Demand of Glyphosate market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Glyphosate market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Agriculture: Growing demand for efficient herbicides
Glyphosate is a post emergence, non-selective herbicide which kills and controls a variety of species of weeds and pests. Genetically engineered herbicide-tolerant crops now account for about 56% of global glyphosate use. One of the major reasons behind the rise in the usage of glyphosate includes steady expansion in the number of crops registered for use on glyphosate product labels.
The agricultural use of glyphosate is further classified into the following crops:
Grains & cereals:
Glyphosate has been used as an herbicide on grains and cereal crops such as wheat, rice, corn, barley, sorghum, oats, rye, triticale, buckwheat, fonio, quinoa, and other millets. Glyphosate can be used as a pre-harvest herbicide.
Oilseeds & pulses:
Across the world, farmers are using glyphosate as an herbicide on glyphosate-resistant (GR) crops, especially for soybeans.
The demand for soybeans has also been increasing as it is a rich source of protein to vegetarians. As the production of soybean increases, herbicide consumption is projected to increase. In recent years, rapid adoption of transgenic varieties, such as Roundup Ready or LibertyLink, has allowed for additional herbicide options for weed control in soybean. This is paving the way for increased herbicide consumption.
Fruits & vegetables:
Fruit production has been increasing continuously in recent years due to their growing demand. At the same time, the relevance of fruit-producing regions has changed in the Asia Pacific region with a diverse supply of fruits coming from this region.
The fruits & vegetables production system is getting more intense, with increased pressure on yield. Glyphosate usage is hence soaring in this segment. Also, the market for fruits & vegetables in the Asia Pacific region is projected to grow at the highest CAGR of 6.79% during the forecast period. The growing usage of glyphosate for deciduous fruits in Asia is projected to fuel its demand.
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