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N-(phosphonomethyl) glycine: Introduction

  • N-(phosphonomethyl) glycine is a herbicide and crop desiccant with broad spectrum. N-(phosphonomethyl) glycine is an organophosphorus chemical, more absolutely a phosphonate that inhibits the plant enzyme 5-enolpyruvylshikimate-3-phosphate synthase.
  • N-(phosphonomethyl) glycine is used to eliminate weeds, specifically annual broadleaf weeds and grasses, that grow with crops
  • N-(phosphonomethyl) glycine is used to limit the growth of undesired spreading grass. Thus, it enhances agricultural yield. It also helps promote plant development and maturation of specific crops such as cotton, soybean, berry crops, and maize.
  • Pesticides are widely used in developing regions. Demand for pesticide is increasing due to crop production, which prioritizes high agricultural yields. Many farmers in developing countries use pesticides to protect their crops against pests.

N-(phosphonomethyl) Glycine Market: Segments

  • The n-(phosphonomethyl) glycine market can be segmented based on type, application, and region
  •  Based on type, the n-(phosphonomethyl) glycine market can be bifurcated into IDA process and glycine process
  • In terms of application, the global n-(phosphonomethyl) glycine market can be segregated into Soluble Liquid (SL) glyphosate herbicide, Soluble Powders (SP) glyphosate herbicide, Soluble Granules (SG) glyphosate herbicide, and others

COVID-19 Impact on N-(phosphonomethyl) Glycine Market

  • The COVID-19 pandemic has worsened uncertainty among people whose livelihoods depend on farming. Government decisions to restrict the movement of people have had negative implications on farmers.
  • COVID-19 related restrictions have also limited the supply of materials to markets. Rules and concerns about coronavirus infection has limited the access for trade related to agriculture products such as pesticides and herbicides. This, together with reduced demand from urban markets, means prices of certain products have fallen, as demand was less compared to supply.
  • N-(phosphonomethyl) glycine is largely used in the manufacture of herbicides. COVID-19 has affected the demand for n-(phosphonomethyl) glycine due to the imposition of lockdowns across the globe. There has been a demand-supply gap and disruption in supply chain of the agriculture industry, which is one of the largest consumers of n-(phosphonomethyl) glycine. Demand for n-(phosphonomethyl) glycine for preparing herbicides has been severely impacted due to lockdowns. Sale, purchase, and usage of n-(phosphonomethyl) glycine has decreased significantly in many application segments owing to the months of lockdowns and retail business closures.

Asia Pacific to Dominate N-(phosphonomethyl) Glycine Market

  • In terms of geography, the n-(phosphonomethyl) glycine market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
  • Countries such as India are leading the n-(phosphonomethyl) glycine market in Asia Pacific due to the increase in demand for herbicides
  • The n-(phosphonomethyl) glycine market in Europe has been expanding significantly due to increase in agricultural activities
  • Demand for n-(phosphonomethyl) glycine is expected to increase in Latin America and Middle East & Africa in the near future, led by growth in agricultural activities in these regions

Key Manufacturers Operating in Global N-(phosphonomethyl) Glycine Market

  • Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global n-(phosphonomethyl) glycine market include:
    • Jiangsu Yangnong Chemical
    • Hubei Sanonda
    • Rainbow Chemical
    • Hengyang Roymaster
    • CAC Group
    • Huaxing Chemical
    • Jingma Group
    • Beier Group
    • Sunvic Chemical
    • Wynca
    • Zhejiang Jinfanda Biochemical
    • Monsanto

Global N-(phosphonomethyl) Glycine Market: Research Scope

Global N-(phosphonomethyl) Glycine Market, by Type

  • IDA Process
  • Glycine Process

Global N-(phosphonomethyl) Glycine Market, by Application

  • Soluble Liquid(SL) Glyphosate Herbicide
  • Soluble Powders (SP) Glyphosate Herbicide
  • Soluble Granules (SG) Glyphosate Herbicide
  • Others

Global N-(phosphonomethyl) Glycine Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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N Phosphonomethyl Glycine Market