Global Glyphosate Market 2017-2021

Overview of the global glyphosate market

Technavio's market study identifies the benefits such as long-term effectiveness and protection to crops to be one of the primary factors that will fuel the growth of the glyphosate market during the next few years. Glyphosate is considered environmentally safe due to its low toxic content and its ability to bind soil materials and is used multiple times during the crop growing season. Glyphosate has minimal herbicidal activity in soil and is used for crop production and foliar spray applications. Our market research analysts estimate that the glyphosate market will grow steadily at a CAGR of almost 7% by 2021.

Genetically modified (GM) seeds are profitable to the farmers as they provide high yield in low cost. GM crops facilitate agricultural development, growth, and sustainability. Regions such as APAC and the Americas are increasingly adopting genetically modified (GM) crops as these are sustainable, cost-effective, and have high profit potential. According to our industry research report, the increasing adoption of GM seeds and crops will be one of the major factors that will gain traction in the glyphosate market during the next few years.

Competitive landscape and key vendors

The glyphosate market is characterized by the presence of few key global players is witnessing the entry of new players who struggle to compete with the large players. Glyphosate manufacturers in the Americas invest heavily in R&D activities to introduce technological advanced products. The vendors in the glyphosate herbicide market are focusing on R&D activities and are developing innovative products to attain a competitive advantage over their competitors.

The leading vendors in the market are

• Bayer
• BASF
• The Dow Chemical Company
• Monsanto Company
• Syngenta

The other prominent vendors in the market are ADAMA Agricultural Solutions, Anhui Huaxing Chemical Industry, GOOD HARVEST, Jiangsu Yinyan Specialty Chemicals, Nantong Jiangshan Agrochemical & Chemical, Nantong Lihua Agrochemical, Nufarm, UPL, Wynca Group, and Zhengzhou Labor Agrochemicals.

Segmentation by application and analysis of the glyphosate market

• Oilseeds and pulses
• Cereals and grains
• Fruits and vegetables

In addition to the growth of weeds, adverse hot and dry environment conditions also affect the growth of oilseeds and pulses. Crops in the Middle East and Africa suffer due to the lack of proper nutrition and care. Since the usage of glyphosate enhances the yield at a low cost, the coming years will witness a considerable increase in the demand for glyphosate herbicide from this market segment.

Segmentation by types and analysis of the glyphosate market

• Conventional crops
• Genetically modified (GM) crops

Conventional crops primarily demand for glyphosate as these crops are highly susceptible to diseases, weeds, parasites, and pest infestation. The utilization of glyphosate aids in achieving better yield. Additionally, glyphosate is also cost-effective and does not affect soil fertility. Rice, wheat, and sorghum are the major crops that widely demand glyphosate.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global glyphosate market?
• What are the key market trends impacting the growth of the global glyphosate market?
• What are the challenges to market growth?
• Who are the key vendors in the global glyphosate market?
• What are the market opportunities and threats faced by the vendors in the global glyphosate market?
• Trending factors influencing the market shares of the APAC, Europe, MEA, North America, and South America.
• What are the key outcomes of the five forces analysis of the global glyphosate market?

Technavio also offers customization on reports based on specific client requirement.

Glyphosate is one of the major herbicides applied to the leaves of plants to kill both broadleaf plants and grasses. It controls weed growth and their entire root system. Due to its importance and use in the agriculture and agrochemical industry, it is an essential part of the specialty chemicals sector. The upcoming report on the global glyphosate market gathers market intelligence data by collecting information from a wide range of parameters such as market size, supply chain practices, growth potential, and technological advancements to gather deep insights on Technavio's chemicals and materials industry.

In order to accurately forecast the global growth prospects, our market research experts follow an extensive research approach of both primary and secondary research and carry out an in-depth analysis of factors such as technological advancements, total market size, and market attractiveness. The use of complex research tools such as statistical models, trend forecasting, and forecasts helps the client in understanding the impact of their business decisions on the market outcome, and thus help choose efficient alternatives.

The report for the global glyphosate market also provides a comprehensive competitive landscape of this market by covering some of the vendors operating in the market like Nufarm, Monsanto, Nantong Jiangshan Agrochemical & Chemical, Syngenta, Bayer, DuPont, SinoHarvest Corporation, Anhui Huaxing Chemical Industry Company, Zhejiang Xinan Chemical Industrial Group Co, ADAMA Agricultural Solutions, United Phosphorus Limited, Jiangsu Good Harvest-Weien Agrochemical Company, Fuhua Tongda Agro Chemical Technology Co, FMC Corporation, and ADAMA Agricultural Solutions. Due to the superior performance provided by glyphosate in flexible and cost-effective weed control, our analysts have predicted this market to exhibit growth over the next couple of years.

The report also carries out geographic segmentation by covering information from regions such as Americas, APAC, Europe, and ROW. The upcoming market research report on the global glyphosate market also highlights the key drivers, competitive landscape, competitors product portfolio, clients and businesses, as well as the restraints that the specialty chemicals sector currently experiences. Technavio also provides deep-dive market assessments into the sectors such as metals and minerals, plastics, polymers, and elastomers, and bio-chemicals and bio-materials.

Our market research methodology for the global glyphosate market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.