The Global Market for Glyphosate is Projected to Exceed 1.1 Million Metric Tons by 2022

Growing Adoption of Genetically Modified Herbicide Tolerant Crops Drives the Global Demand for Glyphosate, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Glyphosate market. The global market for Glyphosate is projected to exceed 1.1 million metric tons by 2022, driven by the growing adoption of genetically modified (GM), herbicide tolerant (HT) crops and the myriad benefits offered by this most popular and widely used herbicidal crop protection chemical.

Herbicides, commonly referred to as weed killers, are a category of pesticides, chemically formulated to control and exterminate weeds and other unwanted plants in agricultural and non-agricultural soils. Glyphosate is the most widely used herbicidal active ingredient in the world, both in terms of volume and value. Myriad benefits of glyphosate that is driving market adoption over the years include broad-spectrum, full-fledged control of weeds in a cost effective manner, curtailment of soil erosion, increased crop yield, high quality produce, lesser occurrence of pests and diseases, and reduced need for selective and residual herbicides. Additionally, the growing uptake of genetically modified (GM), herbicide tolerant (HT) crops such as Canola, Cotton, Maize and Soybean in several parts of the world represent one of the key accelerating forces behind the dramatic increase in the consumption of this unique herbicide.

Healthy growth is projected for the market in the coming years driven by factors such as increased emphasis on producing high crop yield, progress being made in farming practices, and rising demand for crop protection solutions in agricultural economies around the world. Ever persistent need for controlling weeds in agricultural lands and the rising focus on enhancing agricultural output to feed the expanding global population through sophisticated farming methods such as use of quality herbicides represent another important growth driver. Further, market is also benefiting from increased use in non-agricultural applications such as gardens, lawns, parks, railway facilities, industrial units, and playgrounds, among others. Despite the steady growth in demand, the global glyphosate market is currently reeling under immense pressure due to the growing perceptions that glyphosate is a potential cancer-causing agent in humans with role in causing kidney and liver related diseases. Rising prevalence of glyphosate-resistant weeds and upcoming selective herbicides are some of the other major issues that are expected to hamper market prospects in the coming years.

As stated by the new market research report on Glyphosate, Asia-Pacific represents the largest market worldwide, followed by the United States. Asia-Pacific, spearheaded by China, also represents the fastest growing market registering a CAGR of 6.6% over the analysis period. Key factors responsible for the unprecedented rise of China as the global glyphosate powerhouse include high promotion of China-made glyphosate in foreign markets, new pesticide administrative policies brought forward by the Chinese government and new collaborative deals by Chinese manufacturers with global glyphosate majors.

Key players covered in the report include ADAMA Agricultural Solutions Ltd., Anhui Huaxing Chemical Industry Co. Ltd., BASF SE, Bayer CropScience AG, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, FMC Corporation, Fuhua Tongda Agro-chemical Technology Co., Ltd., Jiangsu Good Harvest-Weien Agrochemical Co., Ltd., JingMa Group, Monsanto Company, Nufarm Limited, Shandong Weifang Rainbow Chemical, Sinochem Group, Nantong Jiangshan Agrochemical & Chemical Co., Ltd., Jiangsu Yangnong Chemical Group Co., Ltd., Syngenta AG, Thaihot Group Co., Ltd., UPL Limited, Wynca Group, and Zhejiang Jinfanda Biochemical Co. Ltd.

The research report titled “Glyphosate: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic activities of global companies. The report provides market estimates and projections in volume (Metric Tons) for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World.

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