Glyphosate Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 12.7 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
During this period, the global market for glyphosate saw significant investments, with major manufacturers expanding their production capacities. This was coupled with growing usage in the farming industry to meet the global food demand. Moreover, glyphosate’s versatility in both large-scale farming and smallholder agriculture contributed to its continued popularity. Nevertheless, legal battles and environmental concerns around glyphosate’s potential carcinogenic effects, particularly in Europe and parts of the U.S., prompted stricter regulations, affecting its demand and market dynamics in these regions. In contrast, countries with less stringent regulations continued to see steady market growth.
The outlook for the glyphosate market from 2023 to 2033, however, shows a more dynamic shift. With increasing adoption of sustainable agricultural practices, the demand for glyphosate is expected to remain stable, but subject to more nuanced factors. On one hand, the growth of organic farming and the rise of alternative herbicides may put pressure on glyphosate’s market share. On the other hand, continued demand from large-scale industrial agriculture and its usage in genetically modified crops are likely to sustain demand for glyphosate, especially in emerging markets where agricultural practices are intensifying. The market will also be shaped by the evolving regulatory environment, with some regions potentially tightening usage regulations, while others may relax them in response to food security needs.
The forecast for glyphosate from 2023 to 2033 will also be influenced by developments in biotech crops, with herbicide-resistant weeds being a key factor driving glyphosate demand. Additionally, as more research emerges regarding the health risks and environmental impacts of glyphosate, stakeholders in the agricultural industry will need to adjust their strategies to maintain product viability. Despite these challenges, the long-term growth prospects remain strong, especially as global food security continues to drive agricultural intensification.
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The Glyphosate market has experienced significant shifts from 2018 to 2022, with notable changes in demand and supply dynamics. Glyphosate, a widely used herbicide, plays a crucial role in agricultural practices across the globe. Between 2018 and 2022, the market was characterized by steady growth, driven by rising demand from key agricultural markets such as North America, Europe, and parts of Asia. The herbicide was in high demand due to its effectiveness in controlling a wide range of weeds, particularly in genetically modified crops. However, the period also saw increased regulatory scrutiny and public concerns over its potential health risks, which impacted production and use in some regions.
Monsanto
Zhejiang Jinfanda Biochemical
Tongda Agro-Chemical
Wynca
Jiangshan Agrochemical & Chemical
Good Harvest-Weien
Jiangsu Yangnong Chemical
Hubei Sanonda
Rainbow Chemical
Hengyang Roymaster
CAC Group
Huaxing Chemical
Jingma
Beier Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glyphosate Market
Soluble Liquid Glyphosate Herbicide
Soluble Powders Glyphosate Herbicide
Soluble Granules Glyphosate Herbicide
Based on Types the Market is categorized into Below types that held the largest Glyphosate market share In 2023.
IDA Process
Glycine Process
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glyphosate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glyphosate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glyphosate Market, By Type
6. Global Glyphosate Market, By Application
7. Global Glyphosate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glyphosate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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