Glyphosate Market: Dynamics
The global glyphosate market has been expanding significantly mainly due high preference for utilization of glyphosate in the form of an herbicide. This can be ascribed to the substance being highly effective against weeds and other forms of invasive growth that can hamper the growth of desired crops and plants in an area. The surge in use of glyphosate for developing genetically modified crops is also driving the global glyphosate market. In addition, the progress witnessed by the agricultural industry since past few decades has made agriculturists use highly modified products such as glyphosate-based herbicides.
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Glyphosate Market: Prominent Regions
Based on region, the global glyphosate market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Of these, the market depicts maximum presence in Europe and North America. This is mainly due to the presence of a strong agricultural infrastructure, wherein glyphosate herbicides are used on a large-scale basis in these regions. However, adequate and necessary systems and equipment to manufacture herbicides are not available in remote and underdeveloped regions. This is making farmers and agriculturists rely on traditional methods, thus posing a prime obstacle to the market. The market is also being restrained due to a shortage of trained staff and required manpower for setting up manufacturing of glyphosate herbicides systems in several underdeveloped regions, which are largely situated in Asia Pacific, Africa, and Latin America. However, many companies are striving to introduce cost-effective solutions of glyphosate products. This is expected to offset the restraint to a certain extent.
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Glyphosate Market: Key Players
Prominent players operating in the global glyphosate market are Monsanto Company, Nufarm Ltd, Syngenta AG, Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Zhejiang Xinan Chemical Industrial Group Company, Ltd, Jiangsu Good Harvest-Weien Agrochemical Co., Ltd, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., Anhui Huaxing Chemical Industry Company, BASF SE, and Bayer CropScience.
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Global Glyphosate Market: Segmentation
Glyphosate Market, by Application
- Genetically Modified (GM) Crops
- Conventional Crops
Glyphosate Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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