The global glyphosate market was valued at around USD 5 billion in 2012. It is likely to reach USD 9 billion over the forecast period (2016-2024). Increasing population and the rise in demand for genetically modified (GM) crops are expected to driver of the glyphosate market.

Increase in crop consumption for biofuels and animal feed can propel market growth in the coming years. Moreover, development in the field of genetically modified crops promoting weed resistance is likely to boost market growth. This product helps farmers in reducing the degree of tillage, further positively affect the market.

hese glyphosate products also help the farmer in reducing the degree of tillage, which is also anticipated to have a positive impact over the next eight years. The new innovative weed control management system is also expected to offer lucrative growth opportunities for the key industry player over the forecast period.

Key Players:
Zhejiang Xinan Chemical Industrial Group Company Limited, Monsanto, BASF SE, and SinoHarvest Corporation are some of the major competitors of the global glyphosate market.

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Glyphosate is used extensively in gardens and home landscaping. It effectively kills annual and perennial grasses along with dandelions, broadleaf weeds, shrubs, poison ivy, kudzu, and other weeds.

Using this product in a large quantity can lead to an increase in immunity in the weeds. Additionally, it can increase the toxicity related risks can also challenge the growth of the glyphosate industry. The market is bifurcated into applications and regions.

Applications comprise of conventional crops and genetically modified. The conventional crops segment dominated the demand accounting to over 52% of the total consumption in 2014. However, the genetically modified crop based application can exhibit the highest gain over the forecast period.

Regions are divided into North America, Europe, Asia Pacific, and the RoW (Rest of the World). Asia Pacific held the largest market in 2013. It is expected to continue doing so, over the forecast period, owing to the rapid adoption of the product in countries like India and China.

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