Glyphosate Market Size was valued at USD 11.21 billion in 2023. The Glyphosate Market industry is anticipated to grow from USD 11.81 billion in 2024 to USD 20.64 billion by 2032, exhibiting a CAGR of 7.23% during the forecast period (2024 - 2032).
Glyphosates are pesticides that are used to prevent and control the growth of fungi and spore diseases. These glyphosates can be selective of specific illnesses or against multiple fungal diseases. The increasing cultivation of fruits and vegetables across the globe has boosted the market got glyphosate globally, owing to the high susceptibility of fungal diseases. Adoption of advanced farming techniques, rising instances of fungal attacks on crops, and low costs associated with the use of fungicides as compared to other methods of control have boosted the demand for glyphosate. The trend for precision farming and organic cultivation are creating new growth opportunities for fungicide manufacturers.
The global glyphosate market has been segmented based on application, crop type, form, and region. By application, the global glyphosate market has been segmented into agriculture, household, and industrial. The agriculture segment is further classified as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Based on crop type, the global glyphosate market has been divided into genetically modified crops and conventional crops. Based on form, the global glyphosate market has been bifurcated into dry and liquid. The global glyphosate market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American glyphosate market has been categorized into the US, Canada, and Mexico. The European glyphosate market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The glyphosate market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The glyphosate market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
ADAMA Agricultural Solutions Ltd. (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Nantong Jiangshan agrochemical & Chemical, Inc (China), BASF SE (Germany), Nufarm Limited (Australia), Corteva Agriscience, Syngenta AG (Switzerland), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), UPL Limited (India), Excel Crop Care Limited (India), American Vanguard Corporation (US), King Quenson Industry Group (China), and Sinochem Corporation (China)are some of the key players in the global glyphosate market.
Asia-Pacific is expected to dominate the market for glyphosate during the forecast period. The high adoption of modern agriculture practices, high prevalence of weed growth, and adoption of genetically modified crops in the region have contributed to the growth of the market. The region is projected to register the highest CAGR during the forecast period. China, India, and Japan contribute significantly to the increasing demand in Asia-Pacific. North America is the second-largest market for glyphosate.
October 2023: Bayer introduced XtendFlex® soybeans in October 2023, which provide resistance to the herbicides dicamba, glyphosate, and glufosinate. Growers are particularly enthusiastic about the performance of XtendFlex soybeans when combined with a pre-emergence or at-planting application of the restricted use pesticide XtendiMax® with VaporGrip® Technology. Ahead of the 2023 growing season, XtendiMax herbicide significantly aided in weed control despite the arid conditions; unlike other residual products, it does not require water to activate. Growing crops with forthcoming herbicide-tolerance traits of the fourth and fifth generations will provide even greater versatility. HT4, the fourth generation trait from Bayer, is an extension of XtendFlex® Technology that provides tolerance to glyphosate, dicamba, and glufosinate, in addition to tolerance to the HPPD inhibitor mesotrione and 2,4-D. With regulatory approvals pending, the anticipated release date for HT4 is 2027. Preliminary regulatory applications have been filed in Canada, the United States, and other significant importers of soybeans.
May 2023: Ancient Organics Bioscience, Inc., a developer of proprietary soil and plant probiotics and an agricultural technology company, today announced the commercial launch of PaleoPower™ in May 2023. PaleoPower is the only product known to decompose glyphosate contamination in the soil through organic processes. PaleoPower is a consortium of glyphosate-degrading beneficial microorganisms. The active component of Roundup® and other extensively used glyphosate-based herbicides is glyphosate. PaleoPower reduced glyphosate levels in the soil by more than 80 percent within 90 days and by more than 90 percent within 180 days, according to controlled studies. Scientific research indicates that glyphosate has a detrimental effect on the soil microbiome, which subsequently leads to a decrease in soil productivity. Glyphosate has been associated with numerous health problems in humans, including cancer. Furthermore, the presence of glycosate in an increasing number of foods has increased consumer apprehension regarding the food supply's quality and safety. PaleoPower eliminates glyphosate residues from the soil. Additionally, it replenishes a thriving microbiome, thereby enhancing soil productivity. PaleoPower is a significant new instrument that enables farmers to cultivate healthier food while enhancing the quality and productivity of their soil.
Intended Audience
Glyphosate Market Highlights:
Frequently Asked Questions (FAQ) :
Glyphosate market is projected to grow at approximately 7.23% CAGR during the assessment period (2024-2032).
Glyphosate market is estimated to reach a valuation of approx. USD 20.64 billion by the end of 2032.
UPL Limited (India), Bayer Cropscience AG (Germany), American Vanguard Corporation (US), ADAMA Agricultural Solutions Ltd. (Israel), BASF SE (Germany), DowDupont (US), Nantong Jiangshan Agrochemical & Chemical, Inc. (China), Syngenta AG (Switzerland), Corteva Agriscience, Nufarm Limited (Australia), Excel Crop Care Limited (India), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), Sinochem Corporation (China), and King Quenson Industry Group (China), are some of the top players operating in the global glyphosate market.
Asia Pacific holds the largest share in the global glyphosate market, followed by North America and Europe, respectively.
Increasing cultivation of fruits and vegetables across the globe and augmenting demand for agrochemicals, are the major tailwinds pushing the growth of the global glyphosate market.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
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