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The Glyphosate Market, as a vibrant segment of the global agrochemical industry, is affected by diverse factors ranging from farming practices to regulatory policies. Glyphosate is an important herbicide that plays a major role in weed control and crop management. Genetically modified (GM) crops have been one of the key drivers in the market dynamics, which are characterized by no-till farming systems, glyphosate resistance, and the widespread use of glyphosate-tolerant GM crops. The increased adoption of glyphosate-tolerant genetically modified (GM) crops can also be said to drive the trends observed in this market. Glyphosates' market dynamics are significantly impacted by zero- or minimum-tillage type of farming approach, leading to a considerable decrease in soil tillage. The method of no-till agriculture does not disturb the ground much while killing weeds through herbicides like glyphosate. With this type of tillage, conservation occurs, saving moisture in soils, decreasing erosion, and helping carbon get sequestered into soils. Therefore, as farmers increasingly adopt such practices for sustainability purposes and improvements in soil structure, demand for glysophate remains high, thereby shaping its forces.
However, concerns regarding herbicide resistance are now emerging as notable determinants for changes taking place within the Glyphosate Market. Prolonged use of glyphosate has resulted in certain kinds of weed plants being resistant to it, thus raising questions on whether it should still be used as an effective product based on how it was initially designed to function. As such, farmers are forced to implement integrated weed management schemes that involve other forms of herbicides besides chemical ones. Changes witnessed in relation to how these weeds were managed affect market dynamics because they do not rely on one type alone but rather increase demand for varied types.
Regulatory dynamics play an essential role in defining how markets respond toward a given commodity like glysophate. Regulatory agencies have expressed concern over environmental and health effects that may arise from using the herbicide. Some countries have banned or limited the use of glysophate, while others dictate acceptable levels of residues. The price of glyphosate-based products is influenced by global economic factors such as commodity prices and exchange rate fluctuations. Consequently, farming decisions made by farmers are largely driven by economics, which affects market dynamics through cost dynamics with respect to weed control options since a farmer wants the most cost-effective means available. This makes the industry highly unstable because it operates within an economic landscape.
Consumer perception and preferences regarding the safety of glyphosate and its potential impacts on human health and the environment are some of the reasons that have led to shifts in this market. In addition, advances in agricultural technology and the development of new formulations also influence trends within this market share. Manufacturers always try to develop new types of glysophate that can be more efficient, environmentally friendly, and safe for users' health. Underlying these complex forces are a number of dynamic powers that include GM crop adoption, no-till farming, concern over weed resistance, regulation changes, global economy conditions, consumer attitudes towards these chemicals shifting, technological breakthroughs in organic chemistry, among other things which shape this particular business climate into what it is today making it highly volatile and flexible at any moment in time.
Glyphosate Market Highlights:
Glyphosate Market Overview
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.
Glyphosate Market Segmentation
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.
Regional Market Summary
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.
Recent News
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.
Global Glyphosate Market, by Application
- Agriculture
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Household
- Industrial
Global Glyphosate Market, by Crop Type
- Genetically Modified Crops
- Conventional Crops
Global Glyphosate Market, by Form
- Dry
- Liquid
Global Glyphosate Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Glyphosate manufacturers
- Herbicide manufacturers
- Agrochemical manufacturers
- Dealers and distributors
- Raw material suppliers and distributors
- Traders, exporters, and importers
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