MARKET OVERVIEW:

Glyphosate Market was worth USD 9.85 billion in 2019 and estimated to be growing at a CAGR of 6.4%, to reach USD 13.43 billion by 2024. Glyphosate is a broad-spectrum herbicide used for killing weeds and grasses that compete with commercial crops.  The technical name for it is (N-phosphomethyl) glycine, and it is an organophosphorus compound.

DRIVERS & RESTRAINTS OF THE MARKET:

The primary driver of the global market for glyphosate is the increase in the human population. As the human population increases, the demand for land for food also increases dramatically. There is, therefore, a constant constraint to improving the yield and effectiveness of the crop by controlling weed infestation.
Regarding the limitations imposed on the sector, the main one is the implementation of strict government regulations on safety to limit toxicity levels to reduce the impact of dangerous herbicides on public health and the environment.
The constraints imposed on genetically modified crops and the indifferent attitude of NGOs towards the use of genetically modified crops also hamper market growth.
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REPORT SEGMENTED AS:

Based on Crop Type:

GM Crops
Conventional Crops
Based on Application:

Crop-based
Grains & Cereals
Oil Seeds
Fruits & Vegetables
Non-Crop based
Turf
Ornamental Grass
Others
GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Glyphosate Market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. Asia-Pacific is the largest and fastest growing market globally followed by North America and Europe. Latin America is expected to increase substantially over the forecast period.

KEY MARKET PLAYERS:

Monsanto Company (U.S.)
Syngenta AG (Switzerland)
Bayer AG (Germany)
I. Du Pont De Nemours & Company (U.S.)
The Dow Chemical Company (U.S.)
Nufarm Limited (Australia)
Nantong Jiangshan Agrochemical & Chemical Inc. (China)
Adama Agricultural Solutions Ltd (Israel)
UPL Limited (India)
Zhejiang Xinan Chemical Industrial Group Co. Ltd. (China)
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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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