Glyphosate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Glyphosate Market is Segmented by Type (GM Crops and Non-GM Crops), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Crop Types), and Geography (North America, South America, Europe, Asia-Pacific, and Africa).

Market Snapshot

Gyphosate  Market Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 4.5 %

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Market Overview

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.

By Type
GM Crops
Non-GM Crops
By Application
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Commercial Crops
Other Crop Types
By Geography
North America
United States
Canada
Mexico
Rest of North America
South America
Brazil
Argentina
Rest of South America
Europe
Spain
Italy
France
Germany
Russia
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
Africa
South Africa
Rest of Africa

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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.

Gyphosate Market Key trends

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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.

Gyphosate Market Growth by region

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Competitive Landscape

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.

Recent Developments

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. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions and Market Definition

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 GM Crops

      2. 5.1.2 Non-GM Crops

    2. 5.2 By Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Commercial Crops

      5. 5.2.5 Other Crop Types

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 South America

        1. 5.3.2.1 Brazil

        2. 5.3.2.2 Argentina

        3. 5.3.2.3 Rest of South America

      3. 5.3.3 Europe

        1. 5.3.3.1 Spain

        2. 5.3.3.2 Italy

        3. 5.3.3.3 France

        4. 5.3.3.4 Germany

        5. 5.3.3.5 Russia

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 Asia Pacific

        1. 5.3.4.1 India

        2. 5.3.4.2 China

        3. 5.3.4.3 Japan

        4. 5.3.4.4 Australia

        5. 5.3.4.5 Rest of Asia Pacific

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adama Agricultural Solutions Ltd

      2. 6.3.2 BASF SE

      3. 6.3.3 Bayer Cropscience AG

      4. 6.3.4 UPL Limited

      5. 6.3.5 FMC Corporation

      6. 6.3.6 Zhejiang Xinan Chemical Industrial Group Company Ltd

      7. 6.3.7 Nufarm Limited

      8. 6.3.8 DuPont

      9. 6.3.9 Syngenta International

      10. 6.3.10 Dow AgroSciences

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Glyphosate Market market is studied from 2016 - 2026.

The Glyphosate Market is growing at a CAGR of 4.5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Bayer Cropscience AG, Adama Agricultural Solutions Ltd, Nufarm Limited, UPL Limited, BASF SE are the major companies operating in Glyphosate Market.

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