Global Glyphosate Market,
Chemicals

Glyphosate Market Overview: Market Size, Major Drivers And Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The glyphosate market has demonstrated strong growth, increasing from $10.06 billion in 2023 to $10.99 billion in 2024, with a compound annual growth rate (CAGR) of 9.2%. This growth is attributed to the introduction of genetically modified (GM) crops, increased agricultural productivity, rise in no-till farming practices, global expansion of agriculture, and the cost-effectiveness and versatility of glyphosate. Looking ahead, the market is poised for strong growth, projected to reach $15.48 billion in 2028, with a CAGR of 8.9%. Factors such as the emergence of alternative weed control methods, stringent regulations and environmental concerns, increased adoption of precision agriculture, shift towards sustainable agriculture, and public awareness are expected to drive this growth. Major trends in the forecast period include technological advancements in herbicides, resistance management strategies, increasing adoption of genetically modified (GM) crops, and regulatory scrutiny.

 

The surge in demand for fertilizers is poised to drive the growth of the glyphosate market. As the global population grows, the demand for food, water, and agricultural products rises, leading farmers to adopt modern agricultural methods. This includes the increased use of fertilizers to protect and expedite the growth of crops. According to the Food and Agriculture Organization, global demand for fertilizer nutrients was projected to reach 200,919 tons by the end of 2022, up from 185,063 tons in 2016. The escalating demand for fertilizers is a significant factor contributing to the growth of the glyphosate market, aligning with the market sizes for 2023, 2024, and 2028.

 

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What Are The Key Trends That Influence Glyphosate Market Share Analysis?

Major companies in the glyphosate market are pursuing strategic partnerships to invest in innovative solutions and broaden market opportunities for farmers. Strategic partnerships involve companies leveraging each other’s strengths and resources to achieve mutual benefits. For example, in August 2022, Corteva Agriscience, a global agriculture firm based in the US, collaborated with BASF SE, a German multinational chemical company, to develop future herbicide-tolerant soybeans and complementary herbicides. This collaboration includes traits for tolerance to BASF’s Liberty and PPO-inhibiting herbicides, as well as Corteva’s Enlist herbicides, glyphosate, and a new herbicide mode of action currently being developed by BASF.

 

Which Market Players Are Driving Growth In The Glyphosate Market?

Major companies operating in the glyphosate market report are Sinochem Corporation Limited, BASF SE, Dow AgroSciences LLC, Syngenta Group AG, Bayer CropScience AG, Corteva Agriscience LLC, United Phosphorous Limited, UPL Limited, Food Machinery and Chemical Corporation, Adama Agricultural Solutions Ltd., Luxi Chemical Group Co. Ltd., Nufarm Limited, Zhejiang XinAn Chemical Industrial Group Co. Ltd., Wynca Group Limited, King Quenson Industry Co. Ltd., Hubei Sanjiang Fine Chemical Co. Ltd., Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Anhui Huaxing Chemical Industry Co. Ltd., Fuhua Group Co. Ltd., American Vanguard Corporation, Jiangsu Good Harvest-Weien Agrochemical Co. Ltd., Excel Crop Care Limited, Willowood Industries Limited, Jiangsu Xinyu Agrochemical Co. Ltd., Anhui Zhongnong Chemical Co. Ltd., Monsanto India Limited, Sinoharvest Corporation, Shandong Lvye Chemical Co. Ltd., Shandong Lianfeng Pesticide Co. Ltd., Henan Yuxing Agrochemical Co. Ltd., Jiangsu Huaxing Chemical Co. Ltd., Shandong Shuangfeng Chemical Co. Ltd.

 

How Is The Global Glyphosate Market Segmented?

The glyphosate market covered in this report is segmented –

1) By Crop Type: Genetically Modified Crops, Conventional Crops
2) By Form: Liquid, Dry
3) By Application: Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, Other Applications

 

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The Glyphosate Global Market Report 2024 provides an overview of the glyphosatemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The glyphosate market forecast analyzes glyphosate market size, glyphosate market share, leading competitor and their market positions.

 

The Table Of Content For The Glyphosate Market Include

1. Glyphosate Market Executive Summary
2. Glyphosate Market Segments
3. Glyphosate Market Size And Template Market Growth Rate
4.  Key Glyphosate Market Trends
5. Major Glyphosate Market Drivers
……
25. Key Mergers And Acquisitions In The Glyphosate Market
26. Top Glyphosate Companies
27. Glyphosate Market Opportunities And Strategies
28. Glyphosate Market, Conclusions And Recommendations
29. Appendix

 

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