Glyphosate Market Size Estimated to Reach US$ 9,784.2 Million at a 4.8% CAGR by 2034

Glyphosate market sales in the United States are poised to reach a substantial US$ 976.3 million by 2024. Additionally, the market is forecasted to maintain a consistent growth rate of 5.5% during the projected period. The increased demand for glyphosate, acknowledged for its outstanding efficacy in weed control within the American agricultural industry, is recognized as a pivotal factor propelling the expansion of this market.

The global glyphosate market (グリホサート市場) is expected to attain a value of US$ 6,123.4 million in 2024, projecting a compound annual growth rate (CAGR) of 4.8% until 2034. Anticipating significant expansion, the market is set to reach an impressive size of US$ 9,784.2 million by 2034. The growth of the glyphosate market is chiefly driven by its increasing applications worldwide, spanning across both agricultural and non-agricultural sectors.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1176

In the realm of agrochemicals, glyphosate has emerged as a cornerstone for modern agricultural practices. The global demand for glyphosate is experiencing a notable surge, driven by several key factors that are reshaping the market landscape.

Agricultural Practices Embrace Efficiency:

One of the primary drivers behind the escalating demand for glyphosate is the relentless pursuit of efficiency in agricultural practices. Glyphosate, a broad-spectrum herbicide, is renowned for its effectiveness in controlling a wide range of weeds. Farmers worldwide are increasingly turning to glyphosate to streamline weed management, leading to improved crop yields and reduced labor costs.

Global Agriculture Boom:

The world's growing population necessitates increased food production, and this demand is steering agriculture towards innovation. Glyphosate plays a pivotal role in this scenario, enabling farmers to optimize their land use and cultivate more efficiently. As global agriculture experiences a significant boom, the demand for glyphosate is reaching unprecedented levels.

Precision Farming and Technological Integration:

Advancements in technology have revolutionized farming practices, and glyphosate is at the forefront of this transformation. Precision farming, characterized by the targeted application of inputs, has become a cornerstone in modern agriculture. Glyphosate's compatibility with precision farming technologies enhances its appeal, offering farmers the ability to target specific areas with precision, minimizing environmental impact.

Regulatory Environment and Sustainability Challenges:

While the demand for glyphosate is on the rise, it is not without its challenges. Regulatory scrutiny and concerns over environmental sustainability have prompted a reevaluation of glyphosate usage. Some regions are imposing restrictions on its use, leading to a nuanced market landscape where companies must navigate regulatory complexities while meeting the demand.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Kalyani Industries Ltd
Crop Chemicals India Ltd.
ECOGAURD
Bharat Group
Crystal Crop Protection Limited
Aristo Biotech
HPM Chemicals & Fertilizers Ltd
Wynca Group
ADAMA Ltd
Albaugh LLC
GOOD HARVEST
ENVIRO BioChem
Drexel Chemical
DowDuPont
Nufarm
BASF.SE
UPL Ltd
HELM AG
Bayer
Rolfes Agri

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The demand for glyphosate products is on the rise, propelled by the increasing necessity for genetically modified organisms (GMO) crops in diverse regions. Global expansion of agricultural land, the adoption of modern farming practices, and shifts in harvesting patterns are key factors propelling the glyphosate industry.

In recent times, there has been a significant uptick in GMO plant and crop development in Asia, driven by the desire among consumers and industry participants to maximize agricultural resource profits. This surge is contributing to the rapid expansion of the glyphosate market. Additionally, manufacturers are developing GMO seeds resistant to glyphosate, enabling users to use the herbicide to protect their plants from both weeds and environmental factors.

Furthermore, the growing adoption of modern agricultural practices is a driving force behind the glyphosate market's expansion. The commercialization of genetically engineered herbicide-tolerant plants is presenting lucrative opportunities for participants in the market.

In 2021, Syngenta introduced Kesuda, an isopropylamine salt of 21% N-glycine glyphosate product designed to impede weed growth. In November 2023, despite lingering regulatory concerns and a deadlock among member states, the European Commission granted permission for glyphosate to be retained for an additional decade.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐆𝐥𝐲𝐩𝐡𝐨𝐬𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

By Product Types:
Liquid
Granules
By End Use:
Cereals & Grains
Fruits & Vegetables
Pulses
Roots & Tubers
Others
By Region:
North America
Europe
Latin America
East Asia
South Asia & Oceania
The Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/1176/glyphosate-market

The growing demand for glyphosate is a testament to its pivotal role in modern agriculture. While challenges exist, the industry's adaptability and commitment to innovation position glyphosate as a crucial component in meeting the global demand for food in an efficient and sustainable manner.

𝐓𝐨𝐩 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

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