The global glyphosate market is expected to exceed USD 8.50
billion by 2020, according to a new study by Grand View Research, Inc. GM crops
have witnessed high penetration, on account of benefits such as high yield and
disease resistance. The amount of glyphosate added to major genetically
modified crops has been increasing over the past few years. This is expected to
drive the global glyphosate market over the forecast period. High demand for
minimum tillage as well as no-tillage systems is also expected to fuel the
market over the next six years. Considerable environmental and health concerns
have led to stringent regulations on glyphosate usage, which may act as a
restraint to industry growth.
Full research report on glyphosate market analysis: http://www.grandviewresearch.com/industry-analysis/glyphosate-industry
Further key findings from the study suggest:
·
Global glyphosate demand was over 700 kilo
tons in 2013, which is expected to exceed 1,000 kilo tons by 2020.
·
Conventional crops dominated global market
volume in 2013; glyphosate is used two to three weeks before sowing crops such
as wheat, sorghum, sunflower, etc. This aids in significant tillage reduction
along with efficient weed control. GM crops are expected to witness high growth
over the forecast period, primarily due to growing adoption in Latin America,
China and India.
·
Asia Pacific was the largest regional
market in 2013; North America accounted for over 25% of the global market
volume in the same year. GM crop adoption coupled with arable land availability
in China and India is expected to drive the Asia Pacific glyphosate market over
the next six years.
·
Major industry participants include
Monsanto, Syngenta, Nufarm, Dow AgroSciences and DuPont. Other companies mainly
include BASF, Bayer and a large number of Chinese manufacturers. Key players
have targeted weed management systems development, which help lower adverse
environmental impact and control weeds through different modes as compared to
traditional glyphosate application.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global glyphosate market on the basis of application and region:
Glyphosate Application Outlook (Volume, Kilo Tons &
Revenue, USD Million; 2012 - 2020)
·
Conventional Crops
·
GM Crops
Glyphosate Regional Outlook (Volume, Kilo Tons & Revenue,
USD Million; 2012 - 2020)
·
North America
o U.S.
o Mexico
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
RoW
o Brazil
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-glyphosate-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
