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The global glyphosate market is segmented by Type (GM Crops and Non-GM Crops) by Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Crop Types) and by Geography (North America, Europe, Asia-Pacific, South America, and Africa)
2016 - 2026
Fastest Growing Market:
The global glyphosate market is projected to register a CAGR of 6.8% over the forecast period(2020-2025). With the area under herbicide-tolerant crops increasing and with more and more countries approving herbicide-tolerance technology for crops, the market is expected to grow inorganically with rapid farmer adoption. Product advantages over mechanical tillage system such as low cost, less soil & environment degradation, thereby supporting the glyphosate market expansion. Concerns with respect to the environmental hazards remain in developed markets, but the market is not expected to slow down, on account of the lack of availability of efficient alternatives to glyphosate.
Most of the benefits conveyed to vegetable growers relate to glyphosate’s versatility and flexibility. Glyphosate is registered for nearly all vegetable crops and can be used in most circumstances. The majority of glyphosate use, in terms of total acres treated, occurs late postemergence to the crop in field crops. North America and Asia-Pacific are the lucrative markets for glyphosate. GM crop adoption coupled with arable land availability is expected to drive the Asia Pacific glyphosate market over the coming years.
Despite all these factors, the pandemic spread has affected the glyphosate trade adversly. China is one of the leading supplier of herbicides, essentially glyphosate and higher portion of Brazil's Glyphosate demand is met by China. China's industrial activity has slowed since the start of the coronavirus outbreak. The transportation interruptions amid the spread caused significant supply disruption for agricultural chemicals, which also lead to higher prices.
Glyphosate is one of the most commonly used herbicides. It is classified as a post-emergent, non-selective, systemic herbicide, capable of killing weeds which have green foliage. Usage on herbicide-tolerant crops, in zero tillage applications, usage on perennial crops constitute the major agricultural applications of the herbicide while it is also used in non-agricultural operations such as home-based weed control, industrial weed control, municipal weed control, etc. The market is also segmented by different crop types as well as by geography.
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Other Crop Types|
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Herbicide-tolerant (HT) crops, which tolerate potent herbicides provide the farmers with a variety of options for effective weed control. According to the USDA, genetically engineered herbicide-tolerant crops now account for about 56% of global glyphosate use. In the United States, no pesticide has come remotely close to such intensive and widespread use. Glyphosate will likely remain as the most widely applied pesticide worldwide, for years to come, and interest will grow in quantifying ecological and human health impacts.
Large field crops, with millions of acres planted, such as soybeans, corn, cotton, and sugar beets have the highest total area treated and pounds applied with glyphosate. On average, 84% of glyphosate, in terms of volume, is applied to soybeans, corn, or cotton per year. These 3 field crops have glyphosate-resistant (GR) varieties that have been widely adopted. The average single application rate for field crops ranges from 0.72 to 1.00 lbs. a.e./acre. Thus, glyphosate remains a useful herbicide for users in agricultural settings because of its nature of the broad-spectrum application, is simple to use, and is often cost-effective.
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The Asia-Pacific region and the North American Region present equally attractive opportunities for companies operating in the glyphosate herbicide market. On account of the increasing levels of penetration of herbicide-tolerant hybrids, the North American region is expected to remain as one of the fastest-growing regions. It is estimated that almost 56% of the glyphosate usage in the United States is for herbicide-tolerant crops.
In the Asia-Pacific region, the growth in the market is expected to be more organic in nature. The region has the highest arable land in the world with the highest crop diversity. Increased adoption of advanced agricultural practices such as zero-tillage is expected to deliver growth to the glyphosate herbicide market in the region. Although China has provided approval to grow herbicide-tolerant hybrids, the constraint remains with respect to India, which is yet to provide approvals for any genetically modified hybrid in food crops.
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The global glyphosate industry is consolidated with the dominance of players such as Bayer CropScience AG, BASF Corporation, Dow AgroSciences, DuPont, Nufarm Limited, Nantong Jiangshan Agrochemical & Chemical, Inc, Adama Agricultural Solutions Ltd, and UPL Limited.
In the global glyphosate market, companies are not only competing in terms of product quality and product promotion but are also focusing on strategic moves to acquire greater market shares. New product launches, expansions, innovations, and partnerships are the major strategies adopted by the leading companies in the glyphosate herbicide market. For instance, BASF acquired parts of the Seed and Non-selective Herbicide businesses of Bayer CropScience AG in 2018.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 GM Crops
5.1.2 Non-GM Crops
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Commercial Crops
5.2.5 Other Crop Types
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.3 Asia Pacific
220.127.116.11 Rest of Asia Pacific
5.3.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Adama Agricultural Solutions Ltd
6.3.2 BASF SE
6.3.3 Bayer Cropscience AG
6.3.4 UPL Limited
6.3.5 FMC Corporation
6.3.6 Zhejiang Xinan Chemical Industrial Group Company Ltd
6.3.7 Nufarm Limited
6.3.9 Syngenta International
6.3.10 Dow AgroSciences
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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