Glyphosate Market Report

The global Glyphosate market is expected to benefit from growing need among farmers to raise the yield of crops in the land. The major application of Glyphosate lies in agriculture. It is also used in non-cultivated areas such as railway tracks and verges to enhance visibility and manage weed growth. Manufacturers are developing newly modified Glyphosate products and advanced technologies with an aim to meet the requirements of the end users.

The Glyphosate market has been undergoing a number of product introductions since past few years. For instance, Extreme herbicide by a key company, called BASF SE. It is created particularly for maximum weed control. This herbicide controls newly emerged grasses and broadleaf weeds with the knockdown power of Glyphosate.

Key Players to introduced new products to strengthen their market position

Key manufactures operating in the Glyphosate market include Adama Agricultural Solutions Ltd., UPL Limited, BASF SE, Bayer Cropscience AG, Zhejiang Xinan Chemical Industrial Group Company Ltd., Nufarm Limited, Corteva Agriscience, Excel Crop Care Limited, American Vanguard Corporation, Jiangsu Good Harvest-Weien Agrochemical Company, and King Quenson Industry Group.

For instance, one of the key companies, Corteva Agriscience has launched Enlist Duo® herbicide, which is a combination of new 2,4-D choline and Glyphosate. It performs exceptional control of tough broadleaf and grass weeds. Its Colex-D technology offers near-zero volatility and reduced potential for physical drift. Convenience and on-target application are the major benefits associated with this product.

Widening application scope to drive the Glyphosate market in future

Surge in the agricultural and non-agricultural applications is a key factor driving the Glyphosate market. Various benefits of Glyphosate such as reduced need of tillage and ploughing the soil, effective weed control, and improvement in harvest quality are driving its demand across the end users. Increasing focus on improving farm productivity is fuelling the demand for Glyphosate.

However, the Glyphosate market has been facing challenges such as emergence of Glyphosate-resistant weeds like Palmer amaranth and Conyza bonariensis. Adverse effects of Glyphosate on human as well as environment may hamper the Glyphosate market growth in the years to come. Moreover, ban on the production of genetically modified crops is likely to restrain the Glyphosate market growth in the coming years.

Market Segmentation

By Crop Type

●   Grains and Cereals

●   Pulses and Oilseeds

●   Fruits and Vegetables

●   Commercial Crops

●   Plantation Crops

●  Other Crop Types 

By Application

●  Herbicide Tolerant Crop Applications

●  Zero Tillage Applications

●  Perennial Crop Applications

●  Non-Agricultural Applications

Glyphosate is extensively used in grains and cereals including wheat, rice, corn, barley, sorghum, oats, rye, buckwheat, quinoa, and various other millets. Its usage as a pre-harvest herbicide is also expected to rise. As per the analysts, Glyphosate may find usage in fruits and vegetables in the near future. As far as the application is concerned, Glyphosate finds major application in herbicide tolerant crops. Glyphosate may also gain traction in the non-agricultural applications such as lawns & gardens, railway tracks, stadiums, and turfs & ornamentals.

By Region

Asia Pacific is expected to witness significant growth in the coming years, the reason being rising adoption of improved crop protection technologies. Moreover, growing awareness pertaining to efficient use of Glyphosate is a key factor boosting the regional market growth. China and India are likely to emerge as the key contributors to the Glyphosate market growth in Asia Pacific. The regional analysis will give a clear cut understanding to the readers regarding the current and future situations of the global Glyphosate market.

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