The global glyphosate market is
expected to exceed USD 8.50 billion by 2020, according to a new study by Grand
View Research, Inc. GM crops have witnessed high penetration, on account of
benefits such as high yield and disease resistance. The amount of glyphosate
added to major genetically modified crops has been increasing over the past few
years.
This is expected to drive the global glyphosate market over the forecast
period. High demand for minimum tillage as well as no-tillage systems is also
expected to fuel the market over the next six years. Considerable environmental
and health concerns have led to stringent regulations on glyphosate usage,
which may act as a restraint to industry growth.
In depth research report on Glyphosate Market
Further key findings from the study suggest:
•
Global glyphosate demand was
over 700 kilo tons in 2013, which is expected to exceed 1,000 kilo tons by
2020.
•
Conventional crops dominated
global market volume in 2013; glyphosate is used two to three weeks before
sowing crops such as wheat, sorghum, sunflower, etc. This aids in significant
tillage reduction along with efficient weed control. GM crops are expected to
witness high growth over the forecast period, primarily due to growing adoption
in Latin America, China and India.
•
Asia Pacific was the largest
regional market in 2013; North America accounted for over 25% of the global
market volume in the same year. GM crop adoption coupled with arable land
availability in China and India is expected to drive the Asia Pacific
glyphosate market over the next six years.
•
Major industry participants
include Monsanto, Syngenta, Nufarm, Dow AgroSciences and DuPont. Other
companies mainly include BASF, Bayer and a large number of Chinese
manufacturers. Key players have targeted weed management systems development,
which help lower adverse environmental impact and control weeds through
different modes as compared to traditional glyphosate application.
Grand View Research has
segmented the global glyphosate market on the basis of application and region:
Glyphosate Application Outlook (Volume, Kilo Tons &
Revenue, USD Million; 2012 - 2020)
•
Conventional Crops
•
GM Crops
Glyphosate Regional Outlook (Volume, Kilo Tons &
Revenue, USD Million; 2012 - 2020)
•
North America
•
U.S.
•
Mexico
•
Europe
•
Germany
•
UK
•
Asia Pacific
•
China
•
India
•
Japan
•
RoW
•
Brazil
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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