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Glyphosate Market by Crop Type, Form, Application, Non Agricultural, and Region - Global Forecast to 2022

Glyphosate Market: Global Forecast until 2022

  • February 2017
  • 143 pages
  • ID: 4718603
In this report:
The market here stood at ##.## KT in 2015 and is expected to progress at a CAGR of ##.##% during the forecast period to reach ##.## KT by 2022.
In terms of volume, the genetically modified crops segment is expected to grow at a CAGR of ##.##% during the forecast period, to reach a consumption of ##.## KT by 2022.

Summary

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"Glyphosate market is estimated to rise at a compound annual growth rate of ~6.3 percent"

The glyphosate market was estimated at ~$6.5B in 2015, and is expected to grow at a compound annual growth rate (CAGR) of ~6.3 percent, to attain ~$9.9B by 2022. The sector is primarily influenced by Elements such as commercialization of genetically modified herbicide tolerant crops. South America region is intended to be the quickest-increasing region due to the rise in adoption of genetically engineered crops in countries including Brazil and Argentina (AR). One of the main restraints in the increase of the glyphosate market is the ban on the production of GM crops in some countries of Europe.

"Genetically modified crops segment led the industry with the biggest market share in 2015"

On the basis of crop type, the glyphosate market was led by the genetically modified crops segment, succeeded by the conventional crops segment. GM crops are increasingly used globally in different countries including the U.S., Brazil (BR), and Argentina (AR). The quickly growing production of genetically modified crops in Asian region and globally declining arable land are the top factors offering main increase opportunities to several actors in the glyphosate market.

"Liquid form segment led the sector with the biggest share in 2015"

On the basis of form, the glyphosate market was led by the liquid form segment, succeeded by the dry segment. Liquid glyphosate is the most preferred among manufacturers and end users. Liquid form affords cost efficiency, longer shelf life, and easy foliar and spray application to the end users, and this is the reason it is most widely used.

"Grains & cereals segment, is forecasted to be the quickest-rising agricultural application"

Agricultural application of glyphosate in grains & cereals controls the market due to the rise in adoption of GM crops. The production of transgenic, glyphosate-tolerant crops, including roundup ready crops, has led to the increased consumption of glyphosate. Glyphosate has been used as an herbicide in grains & cereal crops including wheat, rice, corn, barley, sorghum, oats, rye, triticale, buckwheat, fonio, quinoa, and other millets.

"Asia Pacific (APAC): Important rise is expected in the glyphosate market"

Asia-pacific is expected to be the quickest developing market for the period considered for this analysis, due to the growth in adoption of advanced crop protection technologies by the farmers. In the field of production of GM crops, after the success of BT cotton in India (IN), field testing of some GE food crops has started. In 2012, China (CN) issued the pesticide industry policy and is encouraging innovations in the field.

Break-up of Primaries:

- By Company category: Tier 1 - 40 %, Tier 2 - 40.0 percent, and Tier 3 - 20.0 percent

- By Designation: Director Level - 20.0 percent, C Level - 40.0 percent, and Manager Level - 40.0 percent

- By area: North america (NA) - 25.0 percent, Europe - 50.0 percent, and Asia-Pacific - 25.0 percent

Key players decribed in this industry report:

- Monsanto Company

- Syngenta AG (Switzerland (CH).

Segment Research

The document breaks down the glyphosate market based on crop type, form, application, and area. In terms of insights, this market research has emphasized different levels of analyses-competitive landscape, end-use review and company descriptions, which together comprise and examine the basic overviews on the emerging & high-growth segments of the overall glyphosate market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Reasons to Buy This Report:

- To get a comprehensive overview of the glyphosate market

- To benefit wide ranging information about the top actors in this market, their products review, and top strategies approved by them

- To benefit business insights about the main countries/localities in which the glyphosate market is prospering

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