Glyphosate - Global Strategic Business Report

The global market for Glyphosate was valued at US$8.2 Billion in 2024 and is projected to reach US$10.6 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Trends and Drivers Summarized

Glyphosate is a widely used herbicide that targets a broad spectrum of weeds and grasses. It was first introduced by Monsanto in 1974 under the trade name Roundup and has since become one of the most commonly applied herbicides globally. Glyphosate works by inhibiting a specific enzyme pathway, the shikimic acid pathway, which is essential for plant growth. This mode of action makes it highly effective against a wide range of plant species while being non-toxic to humans and animals. Glyphosate is used in agricultural settings to enhance crop yields by controlling weeds, as well as in non-agricultural areas such as lawns, gardens, and industrial sites.

The use of glyphosate has revolutionized modern agriculture, contributing significantly to the efficiency of crop production. Farmers have adopted glyphosate-resistant genetically modified (GM) crops, which can withstand applications of the herbicide, allowing for more effective weed control without damaging the crops themselves. This has led to increased crop yields and reduced labor costs associated with manual weeding. However, the widespread use of glyphosate has also sparked controversy and debate, particularly concerning its environmental impact and potential health risks. While regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Food Safety Authority (EFSA) have deemed glyphosate safe when used according to guidelines, some studies have raised concerns about its potential links to cancer and other health issues.

The growth in the glyphosate market is driven by several factors. Technological advancements in agriculture, including the development of glyphosate-resistant GM crops, have significantly boosted the demand for this herbicide. The rising global population and the subsequent need for increased food production also play a crucial role in market expansion, as farmers seek efficient and cost-effective solutions to maximize crop yields. Additionally, changes in farming practices, such as the adoption of no-till farming, which helps preserve soil structure and reduce erosion, have increased the reliance on herbicides like glyphosate for weed control. Consumer behavior trends, including the preference for sustainable and high-yield agricultural practices, further drive the market. Despite the controversies, the proven efficacy and cost benefits of glyphosate ensure its continued demand in the agricultural sector.

Scope of the Study

The report analyzes the Glyphosate market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Application (Conventional Crops, Genetically Modified Crops).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Conventional Crops Application segment, which is expected to reach US$7.9 Billion by 2030 with a CAGR of a 4.7%. The Genetically Modified Crops Application segment is also set to grow at 3.7% CAGR over the analysis period.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as FMC Corporation, Ciech SA, Hubei Xingfa Chemicals Group Co., Ltd., ADAMA Agricultural Solutions Limited, AMVAC Chemical Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Glyphosate Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Glyphosate Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Glyphosate Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 79 major companies featured in this Glyphosate market report include:

• FMC Corporation
• Ciech SA
• Hubei Xingfa Chemicals Group Co., Ltd.
• ADAMA Agricultural Solutions Limited
• AMVAC Chemical Corporation
• Anhui Huaxing Chemical Industry Co., Ltd.
• Crystal Crop Protection Pvt., Ltd. (Crystal Group)
• Corteva Agriscience
• Albaugh LLC
• Excel Crop Care Ltd.
• Control Solutions Inc.
• Hangzhou Tianlong Biotechnology Co., Ltd.
• Aimco Pesticides Ltd.
• Drexel Chemical Company
• Heranba Industries Ltd.