Sellbyville, DE -- (SBWIRE) -- 05/08/2019 -- U.S. glyphosate market share from GM crops was worth USD 450 million in 2015 and is predicted to grow at a significant pace over the coming seven years. Growing popularity of these crops coupled with rising awareness regarding the benefits of agrochemicals will drive the regional demand.

Asia Pacific glyphosate market accounted for more than 35% of the total revenue share in 2015 and will record considerable growth rate over the period of 2016 to 2024, owing to expanding agricultural base across APAC. India and China will contribute noticeably toward the regional growth due to the abundant availability of natural resources and cultivable land. In 2015, both the countries together covered more than 25% of worldwide cereal consumption. As per a report by Global Market Insights, Inc. "Glyphosate market will surpass a revenue of USD 6 billion by 2024, at an annual growth rate of 5% over the period of 2016-2024."

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/231

Glyphosate Market has already witnessed a global attention with the increasing necessity to risen the yield in order to meet the surging food demand. Glyphosate is expected to be the most adopted pesticide worldwide in the years ahead, and the interest will grow based on the ecological and human health aids offered by these herbicides.

Below are the geographical trends influencing glyphosate industry over 2016-2024:

- Europe glyphosate industry covered around 15% of the global revenue in 2015 and will register moderate gains over the coming years. Strict government regulations restricting agrochemical usage and genetically modified crops will lead to a sluggish growth pace in Europe.

- Conventional crops accounted for over 55% of the overall industry revenue in 2015. High Genetically Modified (GM) seeds price trend is among the key reason supporting conventional farming in developing nations. In coming years, GM crops will witness notable growth over 6% owing to the additional benefits including high yield and disease resistance.

Glyphosate market is set to witness 5.3% CAGR up to 2024 with the increasing application scope in GM crops. Rising preference for treated genetically modified food to sustain food supply stability will propel the product penetration.

Glyphosate finds applications in conventional crops and genetically modified (GM) crops. Conventional crops held more than 55% of glyphosate market in 2015, primarily due to the absence of advanced farming techniques. Glyphosate market size from conventional crops is anticipated to grow significantly over the years ahead, subject to the chemical's usage in the production of wheat, sorghum, and rice. It is sprayed on the field a week before sowing the seeds.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/231

Benefits associated to funding and grants to attain sustainable agricultural practices has encouraged glyphosate industry demand. Reducing stress along with weed and grass growth control remain key benefits stimulating product penetration. Increasing crop feeding among livestock and rising application scope in bio-fuel production will support business growth. Isopropylamine is the key raw material for glyphosate production, other major ingredients include monoammonium, diammonium and potassium.

Global glyphosate market share remains highly concentrated with four companies catering to 50% of global revenue in 2015. Monsanto, DuPont and Dow AgroSciences are the chief industry players.

Browse key industry from the report, "Glyphosate Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/glyphosate-market

Stringent regulations on agrochemicals in EU and North America due to substantial health and environmental concerns may impact industry growth. Glyphosate resistant weeds evolution, controversy on herbicide uses were the major challenges. Currently, UN and WHO claim on this herbicide as unlikely to cause carcinogenic and cancer risk in humans will continue to create new opportunities in the farming industry.

BASF, Nufarm Limited, Syngenta AG, Bayer CropScience Ltd, SinoHarvest Corporation and Nantong Jiangshan are other participants. Introduction of Roundup Ready and early herbicide tolerant crop adoption has supported industry position.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.