Glyphosate Market Segmented By Herbicides, Roundup market with Liquid and Granules Product Type Used in Cereals and Grains, Fruits and Vegetables, Pulses in wide range
Industry: Food and Beverages
Published Date: May-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 235
Report ID: PMRREP28585
Revenue from the global glyphosate market size was estimated approximate US$ 6,047.9 million in 2023, and is expected to reach US$ 8,883.3 million by the end of 2033. Sales revenue is expected to register a CAGR of 4.8% over the forecast period (2023-2033).
| Attributes | Key Insights |
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Market Size (2023E) |
US$ 6,047.9 Million |
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Projected Sales of Glyphosate (2033F) |
US$ 8,883.3 Million |
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Value CAGR (2023-2033) |
4.8% |
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Value Share of Top 4 Countries (2023E) |
35.2% |
During last few years, the sales registered by glyphosate market in 2018 was US$ 4,715.0 million and the revenue expanded at 3.5% value CAGR to reach the valuation of approximate of US$ 8,883.3 million by end of 2033.
Glyphosate, or N-(phosphonomethyl) glycine, is one of the world’s most widely used broad-spectrum herbicides. Glyphosate herbicides are frequently used in agriculture because they are a simple and cost-effective way of controlling weeds that can otherwise persist for years. Most glyphosate products are used in agriculture, but in some countries, they are also used to control weeds in gardens and non-cultivated areas, such as industrial complexes and along railway tracks. Glyphosate has replaced mechanical weed control in many crops and has had an important impact on agricultural practices and crop yields in the globe over the past few decades.
Glyphosate is most frequently used in the agriculture industry to control weed in a wide range of crops such as cereals, grains, pulses, fruits, vegetables, tubers, and other crops. It is effective to kill weeds such as chickweed, barnyard grass, dandelion, and other weeds. Therefore, the demand for glyphosate is increasing at 4.8% across the globe.
“Increasing Modern Agricultural Practices are Fuelling the Growth of the Glyphosate Market”
As the world population grows, the demand for food, beverages, and other resources such as energy, water, and agriculture products increases. This factor is increasing the prices of agricultural products. Farmers are using modern agricultural tools to grow plants and crops to earn maximum profits. Farmers frequently use glyphosate to protect crops from weeds and unwanted grass. In some regions, farmers use maximum quantity of glyphosate to grow crops faster and to increase production. These factors are driving the demand for glyphosate in the market.
“Rising GMO Crops and Plants are projected to Substantially Boost of the Glyphosate Market Growth”
The increasing plantation of GMO plants and crops is driving the growth of the glyphosate market, especially in developing regions. In East Asia, South Asia, and other developing regions, farmers are using GMO seeds in order to increase production within a short period of time and also to earn higher profit margins. Agriculture manufacturers are producing glyphosate-resistant GMO seeds to increase the use of glyphosate, which is not harmful to crops, as well as to protect plants from weeds and other unwanted grasses. GMO seeds are used to grow fruits, vegetables, tubers, and roots faster and to improve their weight and size, which is driving the growth of the glyphosate market.
“Growing Utility of Herbicide Profiting Market Growth”
Glyphosate is widely used herbicide with versatile application in agriculture, forestry, industrial weed control, lawn, garden, and aquatic environments. To control weeds in gardens, lawns, forestry, stadiums, and playgrounds, glyphosate is used in huge quantities to kill the weeds. These has induced huge growth opportunities for the market.
Manufacturers are focusing suppling quality international standard glyphosate and strengthen the production process to meet the global end use industries demand for glyphosate. In addition, government is aiming on using GMO grass for greenery for development of gardens and lawns for people, thereby profiting the market growth. Thus, versatile utility is likely to benefit the market in the forthcoming years.
“The Glyphosate Market Facing a Downward Trend due to Stringent Regulations in the U.S. and Western European Countries”
The glyphosate market is facing many obstacles in the regions of North America and Europe due to some government regulations. More than 13,000 people have complained against Monsanto Company alleging that exposure to glyphosate containing brand Roundup caused them or their loved ones non-Hodgkin lymphoma. More than 30,000 health care specialists advocated for glyphosate ban and International Agency for Research on Cancer’s report on glyphosate determined the chemical to be carcinogenic to humans. These are some reasons why many countries and governments have restricted the use of glyphosate or made stringent regulations for its use. Some governments have set limitations on the use of glyphosate on the basis of the area harvested. Many countries are planning to ban or come up with regulations on the use of glyphosate. These factors can affect the demand for glyphosate in these regions.
What is the sales of glyphosate in the Italy Market?
“Growing Demand for Glyphosate in the European Market”
The sales of glyphosate in Italy is predicted at US$ 48.9 Million for 2023 and the market is expected to grow by 2.0% over the forecast period. Growing adoption of glyphosate in the European agriculture industry to control weed is positively impacting the market growth.
What is consumption growth rate of glyphosate market in the Mexico?
“The Expanding Horticulture Industry in Latin America Augmenting Glyphosate Sales ”
According to Persistence Market Research, the glyphosate market in Mexico is foreseen to witness moderate growth rate, and register a CAGR of 3.5% over the forecast period, owing to a rising the demand for liquid glyphosate for protection of crops.
What is the demand for granular glyphosate in the global market?
“Cost Effective Granular Glyphosate is Shaping the Global Glyphosate Market”
Under product type category, the global glyphosate market is segmented into granules and liquid. Glyphosate in granular form is growing steadily at rate of 4.8% value CAGR in the global glyphosate market. The consumption value of granular glyphosate is US$ 182.9 Million for 2023 and is gaining high popularity since it is cost effective as compared to liquid glyphosate.
In which end use industry, utility of glyphosate is high?
“Strong Utilization of Glyphosate in Protecting Cereals and Grain Crops Profiting Market Growth”
Based on end use segment, the market is bifurcated into cereals & grains, fruits & vegetables, pulses, roots & tubers, and other. The cereals and grains category holds value share of 27.8% in the global glyphosate market. The sales of glyphosate is highest in cereals and grains industry owing to burgeoning demand for herbicides to protect grains and cereals.
Global players engaged in the production of market is focused on manufacturing seasonal crop protection solutions to strengthen the sales of glyphosate and provide cost effective solution in the global market. The regional players are aiming to increase the distribution network for smooth supply of glyphosate to various end use industry. Also, by strengthening the distribution network, players aims to expand domestic and international export.
Moreover, the company is focused on increasing research work on glyphosate to develop innovative as well as holistic solution that possess various end use applications. The manufacturers are constantly looking to expand the production facility to elevate the production of glyphosate to capitalize over global demand.
| Attribute | Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for glyphosate has a value of US$ 6,047.9 million 2023.
The global market for glyphosate has a value CAGR of 3.5% from 2018-2022.
The global market for glyphosate has a value of US$ 8,883.3 million in 2033.
The global market for glyphosate has a value CAGR of 4.8% from 2023-2033.
Companies such as DowDuPont, BASF.SE, Bayer, Wynca Group, Nufarm, UPL Ltd and others are some of the major players operating in the global glyphosate market.
