Global Glyphosate market: Industry Analysis and Opportunity and Forecast to 2027
Market Overview:
The glyphosate is
widely used in cereals & grains, weed removal, oilseed & pulses, fruits
& vegetables among others. The global glyphosate market size is spanned
across five regions of the world namely, Europe, Asia Pacific, North America,
Latin America, and the Middle East & Africa. Asia Pacific market is
projected to grow at a rapid pace.
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The growing demand for
agricultural produce along with the increasing use of glyphosate for removal of
weed is expected to boost the market in this region. Moreover, the changing
farming practices in the region is also expected to affect the market growth
positively. South America is anticipated to be one of the largest markets of
glyphosate mainly driven by Brazil and Argentina. The growing production of
genetically modified crops in the region is expected to drive the growth of the
market. Among the various crop type, genetically modified soya bean is
anticipated to be the largest type during the review period. Europe is expected
to show a steady growth during the forecast period. The growing application in
removal of weed coupled with approval of European Union for the use of
glyphosate is expected to augment the market growth further.
Segmentation
The global glyphosate market size is segmented into
crop type, from application and region. On the basis of the crop type, the
global market of glyphosate can be segmented into genetically modified crops,
conventional crops. On the basis of the form, the market is segregated into
liquid form and dry form. On the basis of the application, the market is
further segmented into grains & cereals, oilseeds & pulses, fruits
& vegetables, weed removal and others. On the basis of the region, the
global glyphosate triglycerides market is segmented into Asia Pacific, North
America, Latin America, Europe, and the Middle East & Africa.
Key Players
Some of the prominent
players in the global glyphosate market size are Monsanto Company (U.S.),
Syngenta AG (Switzerland), Bayer AG (Germany), E.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), and Zhejiang Xinan Chemical
Industrial Group Co., Ltd (China).
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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