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Glyphosate Market Trends

Report ID: GMI231
Published Date: Aug 2024
Report Format: PDF

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Glyphosate Market Trends

The glyphosate industry is experiencing several notable trends. The growing adoption of precision farming techniques is enhancing the efficient use of glyphosate, making it more effective and reducing wastage. Additionally, ongoing research and development are leading to the introduction of improved formulations with reduced environmental impact. However, increasing regulatory scrutiny and public concern over health risks are prompting some regions to impose restrictions or seek alternative herbicides. There's also a rising trend in organic farming, which avoids synthetic herbicides like glyphosate, potentially impacting market demand. Despite these challenges, glyphosate remains a dominant player in the herbicide market due to its effectiveness and cost-efficiency.

Authors: Kunal Ahuja, Manish Verma

Frequently Asked Questions (FAQ) :

Market size for glyphosate was USD 6.21 billion in 2023 and will expand at a 4.5% CAGR between 2024 and 2032, owing to increasing global demand for agricultural productivity and the need for effective weed management solutions.

Glyphosate industry from the GM crops segment will achieve USD 4.72 billion by 2032, propelled by the widespread adoption of genetically modified crops engineered for glyphosate resistance.

Asia Pacific industry will reach USD 3.46 billion by 2032 due to its significant agricultural production and increasing adoption of modern farming techniques.

Prominent players including Aimco Pesticides Limited, ALPL Agrochemicals, Anhui Huaxing Chemical Industry Company Ltd., Aristo Biotech & Life Science Pvt. Ltd., BASF Corporation, Bayer Cropscience Ltd., Bhaskar Agrochemicals Ltd., Crop Life Science Ltd., Dow AgroSciences, DuPont, and FMC Corporation, are operating in the glyphosate industry.