Market Size of Glyphosate Industry
| Study Period | 2018 - 2029 |
| Market Size (2024) | USD 9.14 Billion |
| Market Size (2029) | USD 13.11 Billion |
| CAGR (2024 - 2029) | 7.49 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glyphosate Herbicide Market Analysis
The Glyphosate Market size is estimated at USD 9.14 billion in 2024, and is expected to reach USD 13.11 billion by 2029, growing at a CAGR of 7.49% during the forecast period (2024-2029).
- With the area under herbicide-tolerant crops increasing and more countries approving herbicide-tolerance technology for crops, the market is expected to grow inorganically with rapid farmer adoption. Product advantages over mechanical tillage systems, like low cost, less soil, and environmental degradation, support the glyphosate market expansion. Its concerns for the environmental hazards remain in developed markets, but the market is not expected to slow down on account of the lack of availability of efficient alternatives to glyphosate.
- Most of the benefits conveyed to vegetable growers relate to glyphosate's versatility and flexibility. Glyphosate is registered for nearly all vegetable crops and can be used in most circumstances. The majority of glyphosate use, in terms of total acres treated, occurs during late postemergence to the crop in field crops. North America and Asia-Pacific are lucrative markets for glyphosate. GM crop adoption, coupled with arable land availability, is expected to drive the Asia Pacific glyphosate market over the coming years.
- Glyphosate is currently approved for use in the European Union until 15 December 2022. This means it can be used as an active substance in PPPs until that date, and each product is authorized by national authorities with a safety evaluation. European Food Safety Authority (EFSA) stated that it required more time to reassess the pesticide, pushing it back to July 2023.
- In 2022, The Indian government restricted the use of chemical glyphosate in India, fearing risks to human and animal health. However, the government allowed its use only through pest control operators (PCOs). PCOs are licensed to use deadly chemicals for treating pests such as rodents. Glyphosate and its formulations are widely registered and are currently used in over 160 countries, including the European Union and the United States.
Glyphosate Herbicide Industry Segmentation
Glyphosate is one of the most commonly used herbicides. It is classified as a post-emergent, non-selective, systemic herbicide capable of killing weeds that have green foliage.
The global glyphosate market is segmented by type (gm crops and non-gm crops), application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and other crop types), and geography (North America, South America, Europe, Asia-Pacific, and Africa). The report also covers the market size and forecasts for the glyphosate market across the world. For each segment, the market size and forecasts will be provided in terms of value (USD million).
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| GM Crops | |
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| Grains and Cereals | |
| Pulses and Oilseeds | |
| Fruits and Vegetables | |
| Commercial Crops | |
| Other Crop Types |
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Glyphosate Market Size Summary
The glyphosate market is poised for significant growth over the forecast period, driven by the increasing adoption of herbicide-tolerant crops and the approval of herbicide-tolerance technology in various countries. The market's expansion is supported by glyphosate's advantages over mechanical tillage systems, such as cost-effectiveness and reduced soil and environmental degradation. Despite environmental concerns in developed markets, the lack of efficient alternatives ensures continued demand for glyphosate. The versatility and flexibility of glyphosate, particularly in vegetable crops, further bolster its market presence. North America and Asia-Pacific are identified as key regions for market growth, with genetically modified (GM) crop adoption and arable land availability playing crucial roles in the Asia-Pacific market's expansion.
The global glyphosate market is characterized by its consolidation, with major players like Bayer CropScience AG, BASF Corporation, Syngenta AG, Adama Agricultural Solutions Ltd, and UPL Limited leading the industry. These companies are actively engaging in strategic initiatives such as new product launches, partnerships, mergers, and acquisitions to strengthen their market positions. The market's growth is also supported by advancements in agricultural practices, such as zero-tillage, and the cultivation of GM crops, which offer benefits like increased yields and reduced pesticide use. Despite regulatory challenges in some regions, the market remains robust, with glyphosate continuing to be a widely applied pesticide globally.
Glyphosate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 GM Crops
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2.1.2 Non-GM Crops
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2.2 Application
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2.2.1 Grains and Cereals
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2.2.2 Pulses and Oilseeds
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2.2.3 Fruits and Vegetables
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2.2.4 Commercial Crops
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2.2.5 Other Crop Types
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 Italy
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2.3.2.3 France
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2.3.2.4 Germany
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2.3.2.5 Russia
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2.3.2.6 United Kingdom
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Glyphosate Market Size FAQs
How big is the Glyphosate Market?
The Glyphosate Market size is expected to reach USD 9.14 billion in 2024 and grow at a CAGR of 7.49% to reach USD 13.11 billion by 2029.
What is the current Glyphosate Market size?
In 2024, the Glyphosate Market size is expected to reach USD 9.14 billion.
