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Glyphosate Market Size to Achieve Considerable Growth In 2024, APAC To Remain A Dominant Growth Avenue

Author : Ronak Bora | Published Date : 2019-08-05 

Asia-Pacific glyphosate market accounted for over 15% in terms of volume in 2015. India and China dominate the agriculture sector in the region owing to vast cultivable land and easily accessible natural resources. China market was worth around USD 400 million in 2015.

Pertaining to the fact that India is one of those countries that still lacks advanced farming techniques, India glyphosate market size from conventional crops will be USD 273.3 million by 2024 with a CAGR estimation of 7% over 2016-2024, having had a valuation of USD 123 million in 2015. India glyphosate market share from conventional crops is slated to exceed 75 kilo tons by 2024, with an initial value of 35 kilo tons.

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The U.S. glyphosate market was reached over USD 450 million in 2015. Rising consciousness among farmers pertaining to agrochemical benefits along with changing preference for GM crops will fuel the industry growth in this region.

Europe glyphosate market will observe a steady growth owing to strict government regulations on using herbicides. Russia glyphosate market is estimated to witness gains over 2.5% by 2024, due to rising cultivable land and technological advancement in agriculture.

Global glyphosate market share is highly consolidated with four major players sharing over 50% of overall industry share. Dupont, dow agroscience and Monsanto are key industry participants. Other notable players include Syngenta, Bayer cropscience, BASF, Nufarm and sinoharvest Corporation.

The world has been finding alternative ways to cope up with the ever-rising demand for food. Subject to this factor, Glyphosate Market is forecast to witness the rise of potential growth avenues over the next seven years. The necessity to increase the crop yield and quality coupled with the awareness among the farmers regarding the enhancement of plant growth is likely to fuel glyphosate market share. Glyphosate, containing isopropyl amine, is essentially a crop desiccant and an organophosphate herbicide that is used by farmers and landowners to produce genetically modified crops such as sorghum, maize, tea plantations, soybean, wheat, sunflower, and cotton. It is also used to control the growth of numerous crops in forests, gardens, public spaces, fields, and farmlands, thereby fueling glyphosate market.

Glyphosate finds applications in conventional crops and genetically modified (GM) crops. Conventional crops held more than 55% of glyphosate market in 2015, primarily due to the absence of advanced farming techniques. Glyphosate market size from conventional crops is anticipated to grow significantly over the years ahead, subject to the chemical’s usage in the production of wheat, sorghum, and rice. It is sprayed on the field a week before sowing the seeds.

Glimpse of Table of Content (ToC)

Chapter 3  Glyphosate Market Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2013 - 2024

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    GMO crop penetration trends

3.5    Regulatory landscape

3.5.1    Glyphosate regulatory timeline

3.5.2    U.S.

3.5.3    EU

3.5.4    India

3.5.5    Trends in India

3.5.6    Imports

3.5.7    Indian Standard Specification for Glyphosate

3.5.8    China

3.6    Technology and innovation

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1   Need for sustainable agriculture

3.7.1.2   Growing adoption of advanced agriculture practices

3.7.1.3   Increasing farm expenditure and food demand

3.7.2    Industry pitfalls

3.7.2.1   Increased price pressures due to market overcapacity in China

3.7.2.2   Stringent regulations over the use of agrochemicals

3.7.2.3   Emergence and evolution of glyphosate-resistant weed

3.8    Growth opportunity analysis

3.9    Company market share analysis,2015

3.9.1    Strategy dashboard

3.9.2    Production landscape

3.10    Porter’s analysis

3.11    PESTEL analysis

3.12    Raw material trends

3.12.1    Cost structure analysis

3.13    Regional pricing

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/glyphosate-market

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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