|Study Period:||2016 - 2026|
|Fastest Growing Market:||North America|
|Largest Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global glyphosate market is anticipated to register a CAGR of 4.5% during the forecast period, 2021-2026.
COVID-19 has negatively impacted the market due to the restrictions on the supply chain of raw materials, which impacted the production of glyphosate across the world. The spread of the pandemic has adversely affected the glyphosate trade. China is one of the leading suppliers of herbicides, essentially glyphosate, and a higher portion of Brazil's Glyphosate demand is met by China. Its industrial activity has slowed since the start of the COVID-19 outbreak. The transportation interruptions amid the spread caused significant supply disruption for agricultural chemicals, which also lead to higher prices.
With the area under herbicide-tolerant crops increasing 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 systems, like low cost, less soil, and environmental degradation, support 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 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.
Scope of the Report
Glyphosate is one of the most commonly used herbicides. It is classified as a post-emergent, non-selective, systemic herbicide, capable of killing weeds that have green foliage. Usage on herbicide-tolerant crops, in zero tillage applications, usage on perennial crops constitute the major agricultural applications of the herbicide. The market is also segmented by different crop types as well as geography.
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Other Crop Types|
Key Market Trends
Commercialization of GE-HT Crops
Herbicide-tolerant (HT) crops, which tolerate potent herbicides, provide the farmers with various 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 may remain as the most widely applied pesticide worldwide, in the future, and its demand may grow in quantifying ecological and human health impacts.
With millions of acres planted, large field crops, 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 three 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 broad-spectrum application, is simple to use, and is often cost-effective.
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Asia-Pacific and North America are Potential Markets
The Asia-Pacific 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 one of the fastest-growing regions. It is estimated that almost 56% of 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, Nufarm Limited, Nantong Jiangshan Agrochemical & Chemical Inc., Adama Agricultural Solutions Ltd, and UPL Limited. These companies are expanding their business activities by focusing on new product launches, partnerships, mergers, and acquisitions across the world.
In October 2020, Bayer launched Roundup PowerMAX 3 herbicide, with the highest concentration of glyphosate in the US market.
In August 2018, BASF acquired parts of the Seed and Non-selective Herbicide businesses of Bayer CropScience AG.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions and Market Definition
1.3 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 Forces 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 By Type
5.1.1 GM Crops
5.1.2 Non-GM Crops
5.2 By Application
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 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
5.3.2 South America
220.127.116.11 Rest of South America
18.104.22.168 Rest of Europe
5.3.4 Asia Pacific
22.214.171.124 Rest of Asia Pacific
126.96.36.199 South Africa
188.8.131.52 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted 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. AN ASSESSMENT OF IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Glyphosate Market market is studied from 2016 - 2026.
What is the growth rate of Glyphosate Market?
The Glyphosate Market is growing at a CAGR of 4.5% over the next 5 years.
Which region has highest growth rate in Glyphosate Market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Glyphosate Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Glyphosate Market?
Bayer Cropscience AG, Adama Agricultural Solutions Ltd, Nufarm Limited, UPL Limited, BASF SE are the major companies operating in Glyphosate Market.