Published Date : 23 Dec 19 | Views: 109 | Industry : Chemical & Material
Largescale
Usage in Commercial Agriculture is Likely to Fuel the Growth of the Crop Type
Segment
The
crop type segment is divided into Oilseeds and Pulses, Cereals and Grains,
Commercial crops, Vegetables and Fruits, Plantation Crops, and Other crop
types. Commercial agriculture widely uses Glyphosate in rice, maize, and wheat
cultivation to kill grasses and board-leaf plants, which may harm the crop-yield.
It is used to stop crop wastage as a preventive measure for saving crops. This
is likely contributing to the growth of the crop type segment. The application
segment is bifurcated into Zero Tillage Application, Herbicide Tolerant crop
application, non-agricultural application, and Perennial Crop Application.
Need
to Curb Crop Wastage in the Asia-Pacific is Anticipated to Propel the Growth of
the Market
The
Asia-Pacific region is likely to witness growth due to largescale agriculture
activities and the increasing need to maximize food production. Concerns regarding
huge amount of crop wastage and growing awareness for implementing preventive
measures to save crop yield is expected to foster the growth of the market.
High
demand for products to wipe out undesirable plants and weds from crops and
increased focus on crop-protection in the region of North America is likely to
positively impact the growth of the market.
New
Product Development: A Major Emphasis of the Key Players
Some
of the key players operating in the market are UPL Limited, Adama Agricultural
Solutions Ltd., BASF SE, Zhejiang Xinan Chemical Industrial Group Company Ltd.,
Bayer Cropscience AG, Corteva Agriscience, Nufarm Limited, American Vanguard
Corporation, Excel Crop Care Limited, King Quenson Industry Group, and Jiangsu
Good Harvest-Weien Agrochemical Company.
Agricultural
and Non-Agricultural Usage is Likely to Foster the Growth of Global Glyphosate
Market
Growing need to increase food production coupled with saving crops and plants from unwanted weed and grass and to prevent harm to crop yield has resulted in largescale usage of herbicides. Glyphosate is majorly used as an herbicide in the agriculture and horticulture industries. It is also widely used in the non-agricultural industry such as the defense and chemical industry. This is likely to boost the growth of the market.
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