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Glyphosate Market

Glyphosate Market (Application: Genetically Modified [GM] Crops and Conventional Crops) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Glyphosate Market Outlook 2031

  • The global glyphosate market was valued at US$ 9.3 Bn in 2020
  • It is estimated to expand at a CAGR of 6% from 2021 to 2031
  • The global glyphosate market is expected to reach the value of US$ 17.7 Bn by the end of 2031

Analysts’ Viewpoint on Glyphosate Market Scenario

The increasing demand for high-value crops is a major driving factor for the glyphosate market. Companies in the glyphosate market should accelerate their product development and unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain a competitive edge. There is a healthy growth of the glyphosate market due to surging demand from the agriculture industry. Surging population, rising demand for food, and increasing applications of glyphosate as herbicide are factors accelerating the market growth in developing economies. However, the emergence of glyphosate resistant weeds is affecting the expansion of the global glyphosate market.

Increasing Applications of Glyphosate as Herbicide Drives Market Growth

Glyphosate is a widely used herbicide that controls broadleaf weeds and grasses. In many developing countries, farmers use a non-selective herbicide that controls both broadleaf grass and weeds since the past few years. The growing popularity of glyphosate is due to the herbicide properties present in it. Glyphosate herbicides are used to enhance crop tolerance. This factor is expected to witness lucrative growth opportunities for market players in the forecast period.

In North America and various other well-established economies, glyphosate herbicide can be widely used in non-agricultural applications. Glyphosate is used in home & garden applications to control weeds, along roadsides, highways, railroads, forests, aqua systems, gardens, and lawns. Aquatic weeds are also controlled using herbicides.

Due to the rising awareness of various benefits of glyphosate, there is an increase in demand and supply all over the world. Market players are increasing the production of glyphosate due to surging demand for agricultural as well as non-agricultural industries. Besides this, glyphosate has a wide array of applications, including weed control in olive groves, vineyards, fruit orchards, forestry, grass pastures, gardens, parks, and underwater usage in lakes and rivers. The global glyphosate market is driven by factors such as growing popularity of no tillage farming systems, increasing demand for better crop yield, rising global population, and surging demand for fertilizers in emerging countries.

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Growing Popularity of Genetically Modified Crops

There is an increasing adoption and popularity of genetically modified crops such as corn, soybeans, rapeseed, beets, sugar canola, cotton, and wheat. The demand for glyphosate is expected to increase at a robust pace in the upcoming years, due to rising applications in genetically modified crops. Some of the prominent players operating in the global glyphosate market are focusing on the production of high value crops by including glyphosate as herbicide in order to increase revenue streams.

Glyphosate is a common herbicide used to control invasive species in many developing economies. Glyphosate can also be used in forestry, aquatic systems, pastures/rangelands, etc. However, the global market is affected by stringent regulations on the production of genetically modified crops in many economies, specifically in Europe. Thus, to overcome this, leading players in the market are focusing on developing integrated weed management system comprising a calculated combination of various herbicides to avoid dependence on a particular one such as glyphosate herbicide.

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Potential Growth Opportunities for Asia Pacific Market Players

Due to the presence of a strong agricultural infrastructure and increase in usage of glyphosate herbicides in the agriculture sector, Asia Pacific dominates the global glyphosate market. The demand witnessed in emerging economies such as India and China has significantly contributed to the growth of the market in the past few years. Moreover, China emerged as the largest exporter of low priced generic glyphosate herbicides. However, many companies are striving to introduce cost effective solutions of glyphosate products. This is expected to offset the restraint up to a certain extent. Regulatory bodies in Europe follow stringent regulations on growing genetically modified crops as their adoption in the U.S. has led to extensive usage of herbicides, thus causing the evolution of glyphosate resistant weeds.

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Glyphosate Market: Overview

  • Farmers around the world have been using glyphosate as a non-selective herbicide that controls broadleaf grass and weeds since many years. Glyphosate herbicides help enhance crop tolerance; hence, their demand is projected to rise at a significant pace over the forecast period. As per experts, the advent of genetically modified glyphosate resistant crops provided a major boost to the global glyphosate market.
  • Considering the benefits it offers, a substantial amount of glyphosate is produced for consumption around the world. Besides this, glyphosate has a wide array of applications, including weed control in olive groves, vineyards, fruit orchards, forestry, grass pastures, gardens, parks, and underwater usage in lakes and rivers.
  • As per Transparency Market Research (TMR), demand for glyphosate is expected to gain pace over the next few years, chiefly driven by factors such as rising demand for no tillage farming systems
  • On the downside, enactment of stringent regulations, especially in Europe, could limit the expansion of the market in the region. The market also faces challenges from the fast evolving glyphosate resistant weed. Therefore, leading players in the market are focusing on developing integrated weed management systems comprising a calculated combination of various herbicides to avoid dependence on a particular one such as glyphosate herbicide.

Genetically Modified Crops to Emerge Dominant Application

  • Based on application, the global glyphosate market has been bifurcated into genetically modified (GM) crops and conventional crops. The conventional crops segment exhibited higher demand for glyphosate herbicides, accounting for a dominant share of 54.8% in the global market based on volume in 2020. However, use of glyphosate for GM crops is rising at a higher speed globally. The segment held around 45.2% of the global market in 2020.
  • Demand for glyphosate is expected to increase at a robust pace in the near future due to rise in adoption of genetically modified crops such as rapeseed, soybean, cotton, and maize

High Export from China to Boost Position of Asia Pacific in Global Market

  • Regionally, Asia Pacific leads the global glyphosate market. The market in the region is projected to expand at a robust 7% CAGR between 2021 and 2031. The region is likely to continue to dominate the global market during the forecast period.
  • Demand witnessed in emerging economies such as India and China has significantly contributed to the growth recorded by the market in the past few years. In addition, China has emerged as the largest exporter of low priced generic glyphosate herbicides, following the expiry of Monsanto’s patent over glyphosates outside the U.S. As per TMR, about 90% of the glyphosate product in China is exported to various countries.
  • Europe held around 16.6% of the global glyphosate market based on volume in 2020. However, it is likely to lose its market share to Asia Pacific by 2031, exhibiting a relatively slower CAGR of 6% between 2021 and 2031. The drop in the market share can be ascribed to the enactment of stringent regulations in Europe with regard to the adoption of genetically modified crops.
  • Regulatory bodies in Europe follow stringent regulations on growing genetically modified crops, as their eager adoption in the U.S. has led to extensive usage of herbicides, thus causing the evolution of glyphosate resistant weeds

Glyphosate Market: Competition Landscape

  • Prominent players operating in the global glyphosate market include
    • Dow AgroSciences LLC
    • Monsanto Company
    • E. I. du Pont de Nemours and Company
    • Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
    • Syngenta AG.
    • Nufarm Ltd.

Glyphosate Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 9.3 Bn

Market Forecast Value in 2031

US$ 17.7 Bn

Growth Rate (CAGR)

6%

Forecast Period

2021-2031

Quantitative Units

US$ Bn for Value & Kilo Tons for Volume

Competition Landscape

Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials.

Format

Electronic (PDF) + Excel

Market Segmentation

  • Application
    • Genetically Modified (GM) Crops
    • Conventional Crops

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • Japan
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Monsanto Company
  • Nufarm Ltd
  • Syngenta AG
  • Dow AgroSciences LLC
  • E. I. du Pont de Nemours and Company
  • Zhejiang Xinan Chemical Industrial Group Company, Ltd
  • Jiangsu Good Harvest-Weien Agrochemical Co., Ltd
  • Nantong Jiangshan Agrochemical & Chemicals Co., Ltd.
  • Anhui Huaxing Chemical Industry Company
  • BASF SE
  • Bayer CropScience

Customization Scope

Available upon Request

Pricing

Available upon Request

Glyphosate Market – Segmentation

TMR’s research study assesses the global glyphosate market in terms of application and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global glyphosate market.

Application
  • Genetically Modified (GM) Crops
  • Conventional Crops
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Frequently Asked Questions

What is the Glyphosate Market Size?

Glyphosate Market is projected to reach 17.7 Bn by the end of 2031

What is the CAGR for Glyphosate Market?

Glyphosate Market is expected to grow at a CAGR of 6% during 2021-2031

What are the key factors driving the growth of Glyphosate Market?

Increasing demand for high-value crops expected to drive Glyphosate Market

Which region is more attractive for vendors in the Glyphosate Market?

Asia Pacific is a more attractive region for vendors in the Glyphosate Market

Who are the key players in the Glyphosate Market?

Key vendors in the Glyphosate Market are Monsanto Company, Nufarm Ltd, Syngenta AG, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Zhejiang Xinan Chemical Industrial Group Company, Ltd, Jiangsu Good Harvest-Weien Agrochemical Co., Ltd and others

1. Preface

    1.1. Report Description

    1.2. Market Segmentation

    1.3. Research Scope and Assumptions

    1.4. Research Methodology

2. Executive Summary

    2.1. Global Glyphosate Market Estimate and Forecast, 2021 – 2031, (Kilo Tons) (US$ Bn)

    2.2. Global Glyphosate Market, Snapshot (2020 And 2031)

3. Glyphosate - Industry Analysis

    3.1. Introduction

    3.2. Value Chain Analysis

    3.3. Market Drivers

        3.3.1. Increasing Adoption of Glyphosate Tolerant GM Crops

        3.3.2. Increasing Demand for No-Tillage and Minimum Tillage Systems

    3.4. Market Restraints

        3.4.1. Emergence of Glyphosate Resistant Weeds

        3.4.2. Stringent Regulations on Agrochemicals

    3.5. Market Opportunities

        3.5.1. Increasing Demand for GM Crops

        3.5.2. New Innovative Weed Control Systems

    3.6. Porter’s Five Forces Analysis

        3.6.1. Bargaining Power of Suppliers

        3.6.2. Bargaining Power of Buyers

        3.6.3. Threat of New Entrants

        3.6.4. Threat of Substitutes

        3.6.5. Degree of Competition

    3.7. Glyphosate: Market Attractiveness Analysis

    3.8. Glyphosate: Company Market Share (2020)

4. Global Glyphosate Market: Application Segment Analysis

    4.1. Global Glyphosate Market: Application Segment Analysis

        4.1.1. Global Glyphosate Market Volume Share by Application, 2020 And 2031

    4.2. Global Glyphosate Market, by Application

        4.2.1. Genetically Modified (GM) Crops

            4.2.1.1. Global Glyphosate Demand for GM Crops, 2021 – 2031 (Kilo Tons) (US$ Bn)

        4.2.2. Conventional Crops

            4.2.2.1. Global Glyphosate Demand for Conventional Crops, 2021 – 2031 (Kilo Tons) (US$ Bn)

5. Glyphosate Market: Regional Analysis

    5.1. Global Glyphosate Market: Regional Analysis

        5.1.1. Global Glyphosate Market Volume Share by Region, 2020 And 2031

    5.2. Global Glyphosate Market, by Region

        5.2.1. North America

            5.2.1.1. North America Glyphosate Market Estimate and Forecast, 2021 – 2031 (Kilo Tons) (US$ Bn)

                5.2.1.1.1. North America Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

                5.2.1.1.2. North America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

        5.2.2. Europe

            5.2.2.1. Europe Glyphosate Market Estimate and Forecast, 2021 – 2031 (Kilo Tons) (US$ Bn)

                5.2.2.1.1. European Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

                5.2.2.1.2. European Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

        5.2.3. Asia Pacific

            5.2.3.1. Asia Pacific Glyphosate Market Estimate and Forecast, 2021 – 2031 (Kilo Tons) (US$ Bn)

                5.2.3.1.1. Asia Pacific Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

                5.2.3.1.2. Asia Pacific Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

        5.2.4. Latin America

            5.2.4.1. Latin America Glyphosate Market Estimate and Forecast, 2021 – 2031 (Kilo Tons) (US$ Bn)

                5.2.4.1.1. Latin America Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

                5.2.4.1.2. Latin America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

        5.2.5. Middle East & Africa

            5.2.5.1. Middle East & Africa Glyphosate Market Estimate and Forecast, 2021 – 2031 (Kilo Tons) (US$ Bn)

                5.2.5.1.1. Middle East & Africa Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

                5.2.5.1.2. Middle East & Africa Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

6. Company Profiles

    6.1. Anhui Huaxing Chemical Industry Company

        6.1.1. Company Overview

        6.1.2. Financial Overview

        6.1.3. Product Portfolio

        6.1.4. Business Strategy

        6.1.5. SWOT Analysis

    6.2. BASF SE

        6.2.1. Company Overview

        6.2.2. Financial Overview

        6.2.3. Product Portfolio

        6.2.4. Business Strategy

        6.2.5. SWOT Analysis

        6.2.6. Recent Developments

    6.3. Bayer CropScience

        6.3.1. Company Overview

        6.3.2. Financial Overview

        6.3.3. Product Portfolio

        6.3.4. Business Strategy

        6.3.5. SWOT Analysis

        6.3.6. Recent Developments

    6.4. Dow Agrosciences LLC

        6.4.1. Company Overview

        6.4.2. Financial Overview

        6.4.3. Product Portfolio

        6.4.4. Business Strategy

        6.4.5. SWOT Analysis

        6.4.6. Recent Developments

    6.5. DuPont

        6.5.1. Company Overview

        6.5.2. Financial Overview

        6.5.3. Product Portfolio

        6.5.4. Business Strategy

        6.5.5. SWOT Analysis

        6.5.6. Recent Developments

    6.6. Jiangsu Good Harvest-Weien Agrochemical Company Ltd.

        6.6.1. Company Overview

        6.6.2. Product Portfolio

        6.6.3. Business Strategy

        6.6.4. SWOT Analysis

        6.6.5. Recent Developments

    6.7. Monsanto Company

        6.7.1. Company Overview

        6.7.2. Financial Overview

        6.7.3. Product Portfolio

        6.7.4. Business Strategy

        6.7.5. SWOT Analysis

        6.7.6. Recent Developments

    6.8. Nantong Jiangshan Agrochemical & Chemicals Co. Ltd

        6.8.1. Company Overview

        6.8.2. Financial Overview

        6.8.3. Product Portfolio

        6.8.4. Business Strategy

        6.8.5. SWOT Analysis

        6.8.6. Recent Developments

    6.9. Nufarm Limited

        6.9.1. Company Overview

        6.9.2. Financial Overview

        6.9.3. Product Portfolio

        6.9.4. Business Strategy

        6.9.5. SWOT Analysis

        6.9.6. Recent Developments

    6.10. Sinoharvest Corporation

        6.10.1. Company Overview

        6.10.2. Product Portfolio

        6.10.3. Business Strategy

        6.10.4. SWOT Analysis

    6.11. Syngenta AG

        6.11.1. Company Overview

        6.11.2. Financial Overview

        6.11.3. Product Portfolio

        6.11.4. Business Strategy

        6.11.5. SWOT Analysis

        6.11.6. Recent Developments

    6.12. Zhejiang Xinan Chemical Industrial Group Company, Ltd.

        6.12.1. Company Overview

        6.12.2. Product Portfolio

        6.12.3. Business Strategy

        6.12.4. SWOT Analysis

List of Tables

Table 1: Global Glyphosate Market, Snapshot (2020 And 2031)

Table 2: Drivers for Glyphosate Market: Impact Analysis

Table 3: Restraints for Glyphosate Market: Impact Analysis

Table 4: North America Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

Table 5: North America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

Table 6: Europe Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

Table 7: Europe Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

Table 8: Asia Pacific Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

Table 9: Asia Pacific Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

Table 10: Latin America Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

Table 11: Latin America Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

Table 12: Middle East & Africa Glyphosate Market Volume Estimate and Forecast, by Application, 2021 - 2031 (Kilo Tons)

Table 13: Middle East & Africa Glyphosate Market Revenue Estimate and Forecast, by Application, 2021 - 2031 (US$ Bn)

Table 14: Glyphosate products by Anhui Huaxing Chemical Industry Company

Table 15: Glyphosate Products by BASF

Table 16: Glyphosate Products by Bayer Cropscience

Table 17: Glyphosate Products by Dow Agrosciences

Table 18: Glyphosate Products by Dupont

Table 19: Glyphosate Products by Jiangsu Good Harvest-Weien Agrochemical Company Ltd.

Table 20: Glyphosate Products by Monsanto

Table 21: Glyphosate Products by Nantong Jiangshan Agrochemical & Chemicals Co. Ltd

Table 22: Glyphosate Products by Nufarm Ltd.

Table 23: Glyphosate Products by Sinoharvest Corporation

Table 24: Glyphosate Products by Syngenta Ag

Table 25: Glyphosate Products by Zhejiang Xinan Chemical Industrial Group Company, Ltd.

List of Figures

Figure 1: Glyphosate: Market Segmentation

Figure 2: Global Glyphosate Market Estimate and Forecast, 2021 - 2031, (Kilo Tons) (US$ Bn)

Figure 3: Glyphosate: Value Chain Analysis

Figure 4: Percentage of U.S. Acres Sprayed With Glyphosate

Figure 5: Percent of Planted Acres under No Till System for Wheat, (2020-2031)

Figure 6: Number of Glyphosate-Resistant Weeds by Crops, 2020

Figure 7: Global Biotechnology Seeds Market, 2020-2031 (US$ Bn)

Figure 8: Porter’s Five Forces Analysis

Figure 9: Glyphosate: Market Attractiveness Analysis

Figure 10: Glyphosate: Company Market Share (2020)

Figure 11: Global Glyphosate Market Volume Share, by Application, 2020 And 2031

Figure 12: Global Glyphosate Demand for GM Crops, 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 13: Global Glyphosate Demand for Conventional Crops, 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 14: Global Glyphosate Market Volume Share, by Region, 2020 And 2031

Figure 15: North America Glyphosate Market Estimate and Forecast 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 16: Europe Glyphosate Market Estimate and Forecast 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 17: Asia Pacific Glyphosate Market Estimate and Forecast 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 18: Latin America Glyphosate Market Estimate and Forecast 2021 - 2031 (Kilo Tons) (US$ Bn)

Figure 19: Middle East & Africa Glyphosate Market Estimate and Forecast 2021 - 2031 (Kilo Tons) (US$ Bn)

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