Sarasota, FL -- (SBWIRE) -- 06/04/2018 -- Global Glyphosate Market: Overview
For the last several years a huge number of farmers around the globe is utilizing glyphosate particularly as a non-selective herbicide which helps to control both weeds and broadleaf grass. The herbicide components present in glyphosate were at first discovered in the year 1974. Glyphosate herbicide basically helps to improve crop tolerance therefore, their demand and requirement are anticipated to increase at a considerable rate in the coming future. The initiation of genetically customized glyphosate-resistant crops offers a significant boost to the global glyphosate market. Taking into consideration the advantages it offers, a significant amount of glyphosate is generated for consumption around the globe. In addition, glyphosate has an extensive array of applications which includes vineyards, weed control in olive groves, forestry, fruit orchards, gardens, grass pastures, parks, as well as underwater usage in rivers and lakes.
Global Glyphosate Market: Growth Factors
The rising implementation of genetically modified crops, particularly in emerging countries, is one of the most significant aspects propelling the global glyphosate market in the coming future. On the other hand, stringent policies pertaining to the usage of genetically modified crops are likely to obstruct the market's expansion to some extent in the years to come. The development of glyphosate-resistant weed is likely to act as a major restraint for the expansion of the global glyphosate market. To deal with this, several leading key players in the global market are striving to expand integrated weed administration formulation that includes a specific amount of a range of herbicides to decrease dependence on anyone, for instance, glyphosate herbicide. Glyphosate is likely to pick up at a significant rate owing to developing interest from major end-use applications in glyphosate-tolerant genetically modified products as well as ordinary harvests.
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Global Glyphosate Market: Segmentation
The global glyphosate market is classified in terms of application and region. In terms of application, the global glyphosate market is bifurcated into conventional crops and genetically modified crops. The geographical diversification of the glyphosate market includes Asia-Pacific, North America, Europe, and the Middle East and Africa.
Global Glyphosate Market: Regional Analysis
Asia-Pacific is expected to be the largest business division for the global glyphosate market and projects continuing to grow at a rapid rate. Developing economies such as India and China are likely to drive the expansion owing to the increased agricultural activities. Due to high expansion rate, several Chinese organizations are projected to enter the glyphosate business division, which is expected to expand the global market. Around 90 to 95% of China's glyphosate production is exported around the world thus this significant factor is expected to propel the market growth in the Asia Pacific. On the other hand, the Middle East & Africa is also anticipated to witness a slow growth in the global glyphosate market in the coming future.
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Global Glyphosate Market: Competitive Players
Some of the most important market players in the global glyphosate market are Monsanto Company, Dow AgroSciences LLC, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., E. I. du Pont de Nemours & Company, Nufarm Ltd., and Syngenta AG., among others.
Global Glyphosate Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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