Report Scope & Overview:
The Glyphosate Market size was valued at USD 10.1 billion in 2022. It is estimated to hit USD 16.59 billion by 2030 and grow at a CAGR of 6.4% over the forecast period of 2023-2030.
Glyphosate is a widely used herbicide that plays a significant role in the agricultural industry. This compound, also known as Roundup, is utilized to control the growth of unwanted plants and weeds, ensuring the productivity and health of crops. The glyphosate market is experiencing substantial growth on a global scale. This herbicide is in high demand due to its effectiveness in eliminating unwanted vegetation, making it a valuable tool for farmers and gardeners alike. The increasing adoption of genetically modified crops, which are engineered to be resistant to glyphosate, has further fueled the market's expansion. Additionally, the rising need for efficient and sustainable agricultural practices has contributed to the growing popularity of glyphosate-based herbicides.
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The increasing global population and the subsequent need for enhanced food production are expected to drive the demand for glyphosate-based herbicides. Furthermore, the growing awareness regarding sustainable farming practices and the importance of weed control are likely to contribute to the market's growth. However, it is crucial to address concerns surrounding the potential environmental and health impacts of glyphosate, as regulatory scrutiny and public perception may influence the market dynamics in the future.
Increasing demand for glyphosate
The growing need for effective weed control solutions in agriculture is a significant driver for the glyphosate market. Farmers are increasingly adopting glyphosate-based herbicides due to their effectiveness in managing weed growth and enhancing crop yields.
Cost effectiveness associated with the glyphosate
Glyphosate-based herbicides are relatively affordable compared to other weed control alternatives. This cost-effectiveness makes them an attractive choice for farmers, especially those operating on a tight budget.
Environmental concerns associated with the use of glyphosate
Glyphosate has faced criticism due to its potential negative impact on the environment. The herbicide's persistence in soil and its potential to contaminate water sources have raised concerns among environmentalists and regulatory bodies. These concerns can restrain the market's growth and lead to stricter regulations.
Development of herbicide-resistant weeds
Prolonged and extensive use of glyphosate has led to the emergence of herbicide-resistant weeds. This poses a significant challenge to the market, as farmers need to find alternative weed control solutions to combat these resistant species effectively.
Increasing demand for organic produce
Wide range of applications of glyphosate
Glyphosate is a versatile herbicide that can be used in various agricultural and non-agricultural applications. Its effectiveness in controlling weeds in different settings, such as farms, gardens, and industrial areas, contributes to its market growth.
Increasing concern regarding its impact on human health
Several studies have suggested a possible link between glyphosate exposure and various health issues, including cancer. This has led to increased regulatory scrutiny and public pressure to restrict or ban the use of glyphosate-based products. As a result, companies operating in the glyphosate market are facing stricter regulations and a potential decline in demand.
Emergence of alternative herbicides
With the increasing awareness of the potential risks associated with glyphosate, consumers and farmers are seeking safer and more sustainable alternatives. This has created an opportunity for companies to develop and market new herbicides that are effective, environmentally friendly, and less controversial.
Impact of Russia-Ukraine War:
The conflict has disrupted the supply chain of glyphosate, leading to a decrease in availability and an increase in prices. Ukraine has experienced significant disruptions in its agricultural sector due to the war. This has resulted in a decline in glyphosate production, affecting the global supply. Additionally, the conflict has hindered the transportation of glyphosate from Russia, further exacerbating the supply shortage. The Russia-Ukraine war has also influenced the demand for glyphosate. As the conflict escalated, farmers in affected regions faced uncertainties and challenges in their agricultural activities. Many farmers have shifted their focus to alternative crops or reduced their overall agricultural production. Consequently, the demand for glyphosate has decreased in these areas, impacting the market dynamics.
Impact of Recession:
The recession has presented several challenges for the glyphosate industry. Firstly, the decline in demand has led to excess inventory, creating a surplus that companies must address. Secondly, the reduced revenues have limited the resources available for research and development, hindering innovation and the introduction of new glyphosate-based products. Lastly, the economic downturn has also impacted the industry's workforce, with companies being forced to downsize or implement cost-cutting measures.
By Crop Type
Genetically Modified Crops
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Asia Pacific dominated the Glyphosate market with the highest Revenue share in 2022 due to the presence of a substantial agricultural sector, which heavily relies on glyphosate for effective weed control. With a large population to feed and limited arable land, farmers in this region have turned to glyphosate as a vital tool to enhance crop productivity. The herbicide's ability to eliminate unwanted vegetation without harming the main crops has made it an indispensable asset for farmers striving to maximize their yields. Secondly, the Asia Pacific region has experienced rapid industrialization and urbanization, leading to an increased demand for glyphosate in non-agricultural sectors. As urban areas expand, the need for effective weed control in public spaces, such as parks, roadsides, and industrial sites, has become paramount. Glyphosate's versatility and efficiency in eradicating unwanted plants have made it the herbicide of choice for these non-agricultural applications. Furthermore, the Asia Pacific region has witnessed a surge in awareness and adoption of modern agricultural practices, including the use of genetically modified crops. Glyphosate plays a crucial role in the cultivation of genetically modified organisms (GMOs), as it enables farmers to control weeds that would otherwise hinder the growth of these engineered crops. The region's increasing acceptance of GMOs has consequently fueled the demand for glyphosate.
North America holds the second position in the glyphosate market in 2022 and is expected to grow with a significant CAGR during the forecast period. Stringent regulations and safety standards in North America ensure the responsible use of glyphosate. The region's regulatory bodies closely monitor the production, distribution, and application of glyphosate-based herbicides, ensuring compliance with environmental and health regulations.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
The major key players are Bayer AG, Monsanto, DuPont, The Dow Chemical Company, Nufarm Limited, Syngenta Crop Protection, ADAMA Agricultural Solutions Limited, UPL Limited, Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co., Corteva Agriscience, American Vanguard Corporation, and other key players mentioned in the final report.
Monsanto-Company Financial Analysis
In May 2023, Bayer experienced a significant increase of 44% in herbicide sales in 2022. This surge was primarily due to the aftermath of Hurricane Ida, which damaged rival producers and limited Chinese suppliers, creating a demand that Bayer was able to fulfill.
In Feb 2023, Corteva, Inc. unveiled its plans for the commercial launch of Optimum® GLY canola. This groundbreaking herbicide-tolerant trait technology was specifically designed to benefit canola farmers, providing them with advanced solutions for their crops.
In August 2022, Corteva Agriscience and BASF joined forces in a long-term collaboration aimed at developing innovative weed control solutions for soybean farmers worldwide.
In August 2021, Jiangshan made a significant move to become the world's second-largest supplier of glyphosate. This achievement was made possible through the acquisition of Fuhua Tongda, solidifying Jiangshan's position in the global market.
In July 2021, Nufarm Americas Inc. introduced Leopard™ Herbicide to its portfolio of herbicides. It offers exceptional planting flexibility for soybeans, field corn, and cotton, providing farmers with a powerful tool to combat unwanted weeds.
|Market Size in 2022||US$ 10.1 Bn|
|Market Size by 2030||US$ 16.59 Bn|
|CAGR||CAGR of 6.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Crop Type (Conventional Crops and Genetically Modified Crops)
• By Form (Liquid and Dry)
• By Application (Agriculture and Non-Agriculture)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||Bayer AG, Monsanto, DuPont, The Dow Chemical Company, Nufarm Limited, Syngenta Crop Protection, ADAMA Agricultural Solutions Limited, UPL Limited, Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co., Corteva Agriscience, American Vanguard Corporation|
|Key Drivers||• Increasing demand for glyphosate
• Cost effectiveness associated with the glyphosate
|Market Restraints||• Environmental concerns associated with the use of glyphosate
• Development of herbicide-resistant weeds
Ans: The Glyphosate Market was valued at USD 10.1 billion in 2022.
Ans: The expected CAGR of the global Glyphosate Market during the forecast period is 6.4%.
Ans: The Dow Chemical Company, Bayer AG, Monsanto, Syngenta Crop Protection, DuPont, Nufarm Limited, ADAMA Agricultural Solutions Limited, and UPL Limited are the key players in the Glyphosate Market.
Ans: The Asia Pacific region holds the highest revenue share in the Glyphosate Market in 2022.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Glyphosate Market Segmentation, By Crop Type
8.1 Conventional Crops
8.2 Genetically Modified Crops
9. Glyphosate Market Segmentation, By Form
10. Glyphosate Market Segmentation, By Application
11. Regional Analysis
11.2 North America
11.2.1 North America Glyphosate Market by Country
11.2.2North America Glyphosate Market by Crop Type
11.2.3 North America Glyphosate Market by Form
11.2.4 North America Glyphosate Market by Application
22.214.171.124 USA Glyphosate Market by Crop Type
126.96.36.199 USA Glyphosate Market by Form
188.8.131.52 USA Glyphosate Market by Application
184.108.40.206 Canada Glyphosate Market by Crop Type
220.127.116.11 Canada Glyphosate Market by Form
18.104.22.168 Canada Glyphosate Market by Application
22.214.171.124 Mexico Glyphosate Market by Crop Type
126.96.36.199 Mexico Glyphosate Market by Form
188.8.131.52 Mexico Glyphosate Market by Application
11.3.1 Eastern Europe
184.108.40.206 Eastern Europe Glyphosate Market by country
220.127.116.11 Eastern Europe Glyphosate Market by Crop Type
18.104.22.168 Eastern Europe Glyphosate Market by Form
22.214.171.124 Eastern Europe Glyphosate Market by Application
126.96.36.199.1 Poland Glyphosate Market by Crop Type
188.8.131.52.2 Poland Glyphosate Market by Form
184.108.40.206.3 Poland Glyphosate Market by Application
220.127.116.11.1 Romania Glyphosate Market by Crop Type
18.104.22.168.2 Romania Glyphosate Market by Form
22.214.171.124.4 Romania Glyphosate Market by Application
126.96.36.199.1 Turkey Glyphosate Market by Crop Type
188.8.131.52.2 Turkey Glyphosate Market by Form
184.108.40.206.3 Turkey Glyphosate Market by Application
220.127.116.11 Rest of Eastern Europe
18.104.22.168.1 Rest of Eastern Europe Glyphosate Market by Crop Type
22.214.171.124.2 Rest of Eastern Europe Glyphosate Market by Form
126.96.36.199.3 Rest of Eastern Europe Glyphosate Market by Application
11.3.2 Western Europe
188.8.131.52 Western Europe Glyphosate Market by Crop Type
184.108.40.206 Western Europe Glyphosate Market by Form
220.127.116.11 Western Europe Glyphosate Market by Application
18.104.22.168.1 Germany Glyphosate Market by Crop Type
22.214.171.124.2 Germany Glyphosate Market by Form
126.96.36.199.3 Germany Glyphosate Market by Application
188.8.131.52.1 France Glyphosate Market by Crop Type
184.108.40.206.2 France Glyphosate Market by Form
220.127.116.11.3 France Glyphosate Market by Application
18.104.22.168.1 UK Glyphosate Market by Crop Type
22.214.171.124.2 UK Glyphosate Market by Form
126.96.36.199.3 UK Glyphosate Market by Application
188.8.131.52.1 Italy Glyphosate Market by Crop Type
184.108.40.206.2 Italy Glyphosate Market by Form
220.127.116.11.3 Italy Glyphosate Market by Application
18.104.22.168.1 Spain Glyphosate Market by Crop Type
22.214.171.124.2 Spain Glyphosate Market by Form
126.96.36.199.3 Spain Glyphosate Market by Application
188.8.131.52.1 Netherlands Glyphosate Market by Crop Type
184.108.40.206.2 Netherlands Glyphosate Market by Form
220.127.116.11.3 Netherlands Glyphosate Market by Application
18.104.22.168.1 Switzerland Glyphosate Market by Crop Type
22.214.171.124.2 Switzerland Glyphosate Market by Form
126.96.36.199.3 Switzerland Glyphosate Market by Application
188.8.131.52.2 Austria Glyphosate Market by Crop Type
184.108.40.206.3 Austria Glyphosate Market by Form
220.127.116.11.4 Austria Glyphosate Market by Application
18.104.22.168 Rest of Western Europe
22.214.171.124.1 Rest of Western Europe Glyphosate Market by Crop Type
126.96.36.199.2 Rest of Western Europe Glyphosate Market by Form
188.8.131.52.3 Rest of Western Europe Glyphosate Market by Application
11.4.1 Asia-Pacific Glyphosate Market by country
11.4.2 Asia-Pacific Glyphosate Market by Crop Type
11.4.3 Asia-Pacific Glyphosate Market by Form
11.4.4 Asia-Pacific Glyphosate Market by Application
184.108.40.206 China Glyphosate Market by Crop Type
220.127.116.11 China Glyphosate Market by Application
18.104.22.168 China Glyphosate Market by Form
22.214.171.124 India Glyphosate Market by Crop Type
126.96.36.199 India Glyphosate Market by Form
188.8.131.52 India Glyphosate Market by Application
184.108.40.206 Japan Glyphosate Market by Crop Type
220.127.116.11 Japan Glyphosate Market by Form
18.104.22.168 Japan Glyphosate Market by Application
11.4.8 South Korea
22.214.171.124 South Korea Glyphosate Market by Crop Type
126.96.36.199 South Korea Glyphosate Market by Form
188.8.131.52 South Korea Glyphosate Market by Application
184.108.40.206 Vietnam Glyphosate Market by Crop Type
220.127.116.11 Vietnam Glyphosate Market by Form
18.104.22.168 Vietnam Glyphosate Market by Application
22.214.171.124 Singapore Glyphosate Market by Crop Type
126.96.36.199 Singapore Glyphosate Market by Form
188.8.131.52 Singapore Glyphosate Market by Application
184.108.40.206 Australia Glyphosate Market by Crop Type
220.127.116.11 Australia Glyphosate Market by Form
18.104.22.168 Australia Glyphosate Market by Application
11.4.12 Rest of Asia-Pacific
22.214.171.124 Rest of Asia-Pacific Glyphosate Market by Crop Type
126.96.36.199 Rest of Asia-Pacific Glyphosate Market by Form
188.8.131.52 Rest of Asia-Pacific Glyphosate Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
184.108.40.206 Middle East Glyphosate Market by country
220.127.116.11 Middle East Glyphosate Market by Crop Type
18.104.22.168 Middle East Glyphosate Market by Form
22.214.171.124 Middle East Glyphosate Market by Application
126.96.36.199.1 UAE Glyphosate Market by Crop Type
188.8.131.52.2 UAE Glyphosate Market by Form
184.108.40.206.3 UAE Glyphosate Market by Application
220.127.116.11.1 Egypt Glyphosate Market by Crop Type
18.104.22.168.2 Egypt Glyphosate Market by Form
22.214.171.124.3 Egypt Glyphosate Market by Application
126.96.36.199 Saudi Arabia
188.8.131.52.1 Saudi Arabia Glyphosate Market by Crop Type
184.108.40.206.2 Saudi Arabia Glyphosate Market by Form
220.127.116.11.3 Saudi Arabia Glyphosate Market by Application
18.104.22.168.1 Qatar Glyphosate Market by Crop Type
22.214.171.124.2 Qatar Glyphosate Market by Form
126.96.36.199.3 Qatar Glyphosate Market by Application
188.8.131.52 Rest of Middle East
184.108.40.206.1 Rest of Middle East Glyphosate Market by Crop Type
220.127.116.11.2 Rest of Middle East Glyphosate Market by Form
18.104.22.168.3 Rest of Middle East Glyphosate Market by Application
22.214.171.124 Africa Glyphosate Market by Country
126.96.36.199 Africa Glyphosate Market by Crop Type
188.8.131.52 Africa Glyphosate Market by Form
184.108.40.206 Africa Glyphosate Market by Application
220.127.116.11.1 Nigeria Glyphosate Market by Crop Type
18.104.22.168.2 Nigeria Glyphosate Market by Form
22.214.171.124.3 Nigeria Glyphosate Market by Application
126.96.36.199 South Africa
188.8.131.52.1 South Africa Glyphosate Market by Crop Type
184.108.40.206.2 South Africa Glyphosate Market by Form
220.127.116.11.3 South Africa Glyphosate Market by Application
18.104.22.168 Rest of Africa
22.214.171.124.1 Rest of Africa Glyphosate Market by Crop Type
126.96.36.199.2 Rest of Africa Glyphosate Market by Form
188.8.131.52.3 Rest of Africa Glyphosate Market by Application
11.6 Latin America
11.6.1 Latin America Glyphosate Market by country
11.6.2 Latin America Glyphosate Market by Crop Type
11.6.3 Latin America Glyphosate Market by Form
11.6.4 Latin America Glyphosate Market by Application
184.108.40.206 Brazil Glyphosate Market by Crop Type
220.127.116.11 Brazil Glyphosate Market by Form
18.104.22.168 Brazil Glyphosate Market by Application
22.214.171.124 Argentina Glyphosate Market by Crop Type
126.96.36.199 Argentina Glyphosate Market by Form
188.8.131.52 Argentina Glyphosate Market by Application
184.108.40.206 Colombia Glyphosate Market by Crop Type
220.127.116.11 Colombia Glyphosate Market by Form
18.104.22.168 Colombia Glyphosate Market by Application
11.6.8 Rest of Latin America
22.214.171.124 Rest of Latin America Glyphosate Market by Crop Type
126.96.36.199 Rest of Latin America Glyphosate Market by Form
188.8.131.52 Rest of Latin America Glyphosate Market by Application
12. Company profile
12.1 Bayer AG
12.1.1 Company Overview
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2.1 Company Overview
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3.1 Company Overview
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 The Dow Chemical Company
12.4.1 Company Overview
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Nufarm Limited
12.5.1 Company Overview
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Syngenta Crop Protection
12.6.1 Company Overview
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 ADAMA Agricultural Solutions Limited
12.7.1 Company Overview
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 UPL Limited
12.8.1 Company Overview
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co.
12.9.1 Company Overview
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Corteva Agriscience
12.10.1 Company Overview
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 American Vanguard Corporation
12.11.1 Company Overview
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
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