Glyphosate is chemical formulation for controlling weeds. It is a compound with a molecular weight of 169g that is low in toxicity. It is a glycine amino acid derivative. They work well to keep weeds under control in crops including cereals, legumes, vegetables, grains, fruits, etc. It eliminates weeds like barnyard grass, chickweed, and dandelion, among others. The surge in cultivation of fruits and vegetables across the globe has boosted the market got glyphosate globally, owing to the high susceptibility of fungal diseases.
The Glyphosate Market is
expected to grow at a steady rate of around 6% owing to surge in cultivation of
fruits and vegetables across the globe. Major key players are working towards the
glyphosate industry developments to retain the growth of the market. For
instance, In March 2019, Bayer AG introduced glyphosate-free residual herbicide
in Ireland. The new product launch will help the company to expand its product
offerings.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30501
According
to UnivDatos Market Insights (UMI)’ research report “Global Glyphosate Market”, the market is expected to
witness robust growth during the forecast period (2022-2028).
This is mainly due to surge
in high-value crops, growing popularity of genetically modified
crops, and increase in demand of glyphosate herbicide in agriculture sector are
also having a positive impact on the market during the forecast period.
Based on crop type, the market is segmented into
genetically modified crops and conventional crops. The conventional crops held
major share in the global market in 2020. This is due to the requirement for
weed management and for avoiding tillage. Glyphosate is used as a herbicide on
plantations growing wheat, sunflower, sorghum, soybeans, cotton, maize, tea,
and other crops. The promising role of glyphosate is propelling the segmental
growth.
Based on the form,
the market is bifurcated
into dry and liquid. The liquid segment is predicted to hold the most
significant CAGR in the forecasted period as it offers cost-efficiency, longer
shelf life, and easy foliar application to the end-users.Moreover, companies
are rapidly introducing new concentrated product in the market, which is also
driving the segmental growth during the forecast period. For instance in 2022,
Bayer in Argentina launched the most concentrated glyphosate herbicide on the
market, Roundup Top, which is achieving very good performance among those who
have already accessed this new product.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30501
Based on the application,
the glyphosate
market is segmented into agriculture and non-agriculture. The agriculture
category is expected to hold major share in the market in 2020. With millions
of acres planted, large field crops, such as soybeans, corn, cotton, and sugar
beets, have the highest total area treated and pounds applied with glyphosate.
On average, 84% of glyphosate, in terms of volume, is applied to soybeans,
corn, or cotton per year. These three field crops have glyphosate-resistant
(GR) varieties that have been widely adopted. The average single application
rate for field crops ranges from 0.72 to 1.00 lbs. a.e./acre. Thus, glyphosate
remains a useful herbicide for users in agricultural settings because of its
nature of broad-spectrum application, is simple to use, and is often
cost-effective.
APAC to witness extensive growth
For
a better understanding of the market adoption of the Glyphosate industry, the
market is analyzed based on its worldwide presence in the countries such as
North America (U.S., Canada, Rest of North America), Europe (Germany, U.K.,
France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest
of Asia-Pacific), Rest of World. The Asia-Pacific region is estimated to witness high
growth in the market during the forthcoming years. The region has the highest
arable land in the world with the highest crop diversity. Increased adoption of
advanced agricultural practices such as zero-tillage is expected to deliver
growth to the glyphosate market in the region. Although China has provided
approval to grow herbicide-tolerant hybrids, the constraint remains with
respect to India, which is yet to provide approvals for any genetically
modified hybrid in food crops. Bt cotton is the only GM crop that is allowed in
India. In 2020, the government allowed a Maharashtra-based company to conduct
field trials for Bt brinjal in eight states, including Madhya Pradesh and
Karnataka. The varieties to be tested were a proprietary product of the
government-run Indian Agricultural Research Institute (IARI).
For More
Informative Information, Please Visit Us – https://univdatos.com/report/glyphosate-market/
According to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the Glyphosate market are Monsanto Company;
Nufarm Ltd; Syngenta AG; Dow AgroSciences LLC; DuPont de Nemours Inc; Zhejiang
Xinan Chemical Industrial Group Co Ltd; Jiangsu Good Harvest-Weien Agrochemical
Co Ltd; Nantong Jiangshan Agrochemical & Chemicals Co Ltd.; Anhui Huaxing
Chemical Industry Co Ltd; and BASF SE.
“Global
Glyphosate
Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By
Crop Type (Conventional Crops and Genetically Modified
Crops)
2. By
From(Dry and Liquid)
3. By
Application (Agriculture, and Non-Agriculture)
4. By
Region (North America, Europe, Asia-Pacific, Rest of
the World)
5. By
Company (Monsanto Company; Nufarm Ltd; Syngenta AG;
Dow AgroSciences LLC; DuPont de Nemours Inc; Zhejiang Xinan Chemical Industrial
Group Co Ltd; Jiangsu Good Harvest-Weien Agrochemical Co Ltd; Nantong Jiangshan
Agrochemical & Chemicals Co Ltd.; Anhui Huaxing Chemical Industry Co Ltd;
and BASF SE.
Key
questions answered in the study:
1.
What are the current and future trends
of the global glyphosate industry?
2.
How the industry has been evolving in
terms of type, drive type, and application?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global glyphosate industry?
5.
What is the customer orientation,
purchase behavior, and expectations from the global glyphosate suppliers across
various region and countries?
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