About Glyphosate
Glyphosate is a non-selective herbicide that prevents plants from making certain proteins that are needed for plant growth. They stop a specific enzyme pathway, the shikimic acid pathway. They act as plant growth inhibitors, blocking an enzyme essential for plant growth. Glyphosate is used in various applications, such as killing certain weeds and grasses and being important in the production of fruits, vegetables, nuts, and other crops like corn and soyabean. Advancements in agricultural technology have led to the development of new formulations and application methods for glyphosate-based herbicides. These innovations aim to improve efficacy, reduce environmental impact, and address regulatory concerns.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape of the glyphosate market is influenced by factors such as product innovation, brand recognition, distribution networks, regulatory compliance, and pricing strategies. Despite challenges related to regulatory scrutiny and legal issues, major players continue to invest in glyphosate research, development, and marketing to maintain their positions in the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ADAMA (Israel), BASF SE (Germany), Bayer AG (Germany), UPL (India), FMC Corporation (United States), Zhejiang Xin'an Chemical Group Company Limited (China), Nufarm Australia (Australia), DuPont (United States), Agrosiaa. (India), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd (Japan), Chongqing Stanley Info-tech Co., Ltd. (China), LIER Chemical Co., Ltd. (India), GREENWELL BIOTECH (India) and Corteva (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Glyphosate market by , Application (Agricultural, Forestry, Industrial Weed Control, Lawn/Garden and Aquatic Environment) and Region.
On the basis of geography, the market of Glyphosate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Glyphosate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Crop Type, the sub-segment i.e. Genetically Modified Plant will boost the Glyphosate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for biobased herbicides
Market Growth Drivers:
Increasing use of glyphosate in fish and other wildlife and Increasing demand of glyphosate-based herbicides for reduces the need for labour-intensive weed control
Challenges:
Glyphosate can cause increased saliva, burns in the mouth and throat and They cause irritation in the nose, or asthma
Restraints:
Glyphosate does not break down rapidly and may leave residue
Opportunities:
Focus on innovation and develop new formulations of glyphosate-based herbicides
Market Leaders and their expansionary development strategies
In March 2023, Albaugh, LLC. Is the largest privately held supplier of crop protection products in the world has acquired of Corteva Agriscience’s straight-goods glyphosate business. The acquisition will expand direct access to glyphosate markets and the company will expand its coverage of straight glyphosate DMA salt formulations and registrations globally.
In February 2023, Corteva Inc has launched the Optimum GLY canola – an advanced herbicide-tolerant trait technology for canola farmers. The new Optimum GLY herbicide-tolerant trait technology, which represents a significant advancement to further strengthen Corteva Agriscience’s industry-leading canola portfolio and bring new propriety traits to the market.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.