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Global Glyphosate Herbicide Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4384979
  • Report
  • Region: Global
  • 165 pages
  • Mordor Intelligence
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The global glyphosate herbicide market is projected to reach USD 10.3 billion by 2020, at a CAGR of 6.8% during the forecast period from 2016 to 2021. Glyphosate is termed as a broad-spectrum systemic herbicide and an organophosphorus compound, specifically a phosphonate. With its inception in 1974 by Monsanto under the trade name Roundup, the usage of the active ingredient has significantly increased in the field of agriculture.

As a major herbicide, glyphosate is applied to the leaves of plants to kill both broadleaf plants and grasses. These are used in crops as well as non-crop plants like turfs and ornamentals. It controls the weed growth by interfering with the enzymatic production of certain amino acids that are essential for the growth of broad spectrum of weeds and their entire root system.

Globally the market for herbicide is driven by the need to increase crop yield and efficiency by way of controlling weed infestation. The world’s population is growing, but the farmlands have been decreasing pushing farmers to increase their yields. Hence, growing demand for food security along with increasing adoption of GM crops are identified as the major drivers for increased demand of glyphosate. Genetically modified (GM) plants have helped farmers increase their yields coupled with the reduction of use in some pesticides. Cultivation of GM crops like soybean, rapeseed, maize, and cotton in developing regions of Asia-Pacific and South America will provide future potential for the sector. However, the ban on glyphosate in European countries and regulatory constraint over GM crops are the possible challenges faced by the industry.

The global glyphosate market is segmented on the basis of crop type, application and geography. On the basis of crop type, the market has been segmented into GM crops and conventional crops wherein GM crops account for more than 45% of the overall usage. Glyphosate is used for weed control in both crops and non-crops. Application is more in crop based application led by cereals and grains.

Geographically the market is segmented into North America, Europe, Asia-pacific, South America and Africa. Asia-Pacific has the largest consumer base in the world; the market demand is led by major agricultural countries like China and India. North America and Europe followed the list. The rising disposable income levels, rising population and food security have made Asia-pacific, the region with maximum potential for growth. Reportedly, more than 300 glyphosate herbicides from more than 40 different companies are currently registered for sale in Europe. The low affordability and explicit cost cutting measures of farmers hinder the real potential of the market.

Pesticides help to increase farm yields and still have a large scope to improve the overall agricultural production of the world. The major companies producing glyphosate formulations are Syngenta, Bayer, BASF, DuPont, Dow Agrosciences, Monsanto, Syngenta, Nufarm, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd. etc. The current trend to survive in the market is the research and innovation route. All major companies are investing profoundly in new product development to keep up with competition and gain market share. Pesticides were prominent for increased agricultural yields and will remain so in the coming years.
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1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3.1 Drivers
3.1.1 Growing Demand for food safety & Quality
3.1.2 Greater Adoption of GM crops
3.2 Constraints
3.2.1 Regulatory Mandates in GM Crops
3.2.2 Ban on Glyphosate Usage
3.3 Opportunities
3.3.1 High growth potential in developing markets
3.3.2 Increasing Awareness for Usage
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4.1 By Crop Type
4.1.1 GM Crops
4.1.2 Conventional Crops
4.2 By Application
4.2.1 Crop based Grains & Cereals Oil seeds Fruits & Vegetables
4.2.2 Non Crop based Turf & Ornamental Grass Others
4.3 By Geography
4.3.1 North America U.S. Canada Mexico Others
4.3.2 Europe Germany U.K. France Spain Italy Russia Others
4.3.3 Asia-Pacific China Japan India Australia Others
4.3.4 South America Brazil Argentina Others
4.3.5 Africa South Africa Others
5. Competitive Landscape
5.1 Strategies Adopted by Leading Players
5.2 Most active companies in the past five years
5.3 Market Share Analysis
6. Company Profiles
6.2 Bayer CropScience
6.3 Dow Chemical Company
6.4 Monsanto Company (U.S.)
6.5 Nantong Jiangshan Agrochemical & Chemicals Co., Ltd
6.6 Syngenta International AG (Switzerland)
6.7 Nufarm Ltd.
6.11 Zhejiang Xinan Chemical Industrial Group Company, Ltd.
6.12 SinoHarvest Corporation
Note: Product cover images may vary from those shown
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