Global Glyphosate Market is expected to foresee significant growth. APAC to lead the growth!

Glyphosate is a low-toxicity derivative of the amino acid glycine. It is a harvest desiccant an organophosphorus compound that is used for crop production and foliar spray applications, kills grasses and broadleaf weeds that compete with crops and stops the growth of fungi. Moreover, glyphosate also stimulates plant growth and supports the growth of some crops, including cotton, canola, corn, soybeans, and berries. In addition, the product adoption will be fueled by the availability of glyphosate in a variety of formulations, including liquid concentrate, ready-to-use liquid, and solid form.

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

Request for a sample of the report browse through- https://univdatos.com/get-a-free-sample-form-php/?product_id=30501

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.

On the basis of 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.

Based on the application, the glyphosate market is segmented into agriculture and non-agriculture. The non-agriculture category is expected to grow with significant CAGR during the forecast period. The number of gardens, lawns, turfs, stadiums, and play areas is growing daily along with urbanisation and population. These parks and gardens are there to help people unwind. People lack places to relax or be surrounded by plants and wildlife in metropolitan settings. Governments build these public lawns and parks where GMO grass is grown for greenery. Glyphosate is used extensively to eradicate weeds from these gardens, lawns, turfs, stadiums, and playgrounds. The glyphosate market is experiencing tremendous growth as a result of these causes.

For a detailed analysis of the Global Glyphosate Market browse through– https://univdatos.com/report/glyphosate-market/

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. APAC is anticipated to grow at a substantial CAGR during the forecast period. To grow earnings, the majority of the Asia Pacific countries rely on agricultural resources. The market for glyphosate is expanding as a result of these factors. Farmers can use glyphosate to protect plants against unwelcome weeds and other natural consequences thanks to manufacturers’ creation of glyphosate-resistant GMO seeds. On account of growing demand, Chinese companies have also entered the glyphosate market, leading to increased production activities in the region.

Some of the major players operating in the market include 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 Segmentation

Market Insight, by Crop Type

• Genetically Modified Crops
• Conventional Crops

Market Insight, by Form

• Dry
• Liquid

Market Insight, by Application

• Agriculture
• Non-Agriculture

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• 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
• BASF SE