The Global Glyphosate Market was worth USD 8.70 billion in 2016 and estimated to be growing at a CAGR of 6.4%, to reach USD 11.86 billion by 2021
Hyderabad, India -- (SBWIRE) -- 03/07/2018 -- The global Glyphosate is expected to reach USD 11.86 Billion by 2021 from an estimated value of USD 8.7 Billion in 2016 at a CAGR of 6.4%, according to a new report by Market Data Forecast, Inc.
Glyphosate is an organophosphorous compound used for killing the weeds that affect the growth of commercial crops. This herbicide was first introduced to the market by the company Mosanto. Glyphosate works by repressing the generation of amino acids in the objective plants by influencing the EPSPS catalyst. Glyphosate does not have any adverse effects on human life as EPSPS enzyme is not present in mammals. Genetically modified crops can be used to prevent harm by Glyphosate.
Major driving factors of this market include rising utilisation of Glyphosate in Agricultural and Non-Agricultural activities, increasing demand for food and increasing awareness towards plant growth enhancement. Strict regulations of the government on the use of GM crops and on the toxicity levels of Glyphosate are key challenges of the market currently.
Some of the key manufacturers of the Glyphosate market include Monsanto Company, Syngenta AG, Bayer AG, E.I. Du Pont De Nemours & Company, The Dow Chemical Company, Nufarm limited, Nantong Jiangshan Agrochemical & Chemical Inc., Adama Agricultural Solutions Ltd, UPL Limited, and Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Browse full research report with TOC on "Glyphosate Market By Crop Type (GM Crops And Conventional Crops), By Application (Crop Based Which Includes Grains & Cereals, Oil Seeds And Fruits & Vegetables And Non-Crop Based Which Includes Turf & Ornamental Grass And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
" at: https://www.marketdataforecast.com/market-reports/glyphosate-market-2740/
Market Data Forecast has segmented the global Glyphosate market on the basis of crop type, Application, and region:
Crop Type Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
GM Crops and Conventional Crops
Application Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
Crop Based Which Includes Grains & Cereals, Oil Seeds and Fruits & Vegetables and Non-Crop Based Which Includes Turf & Ornamental Grass and Others
Region Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
North America, Latin America, Asia-Pacific, Middle East and Africa, and Europe.
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Further Key Findings from the Report Suggest:
Generally, Modified crops segment by crop type is expected to dominate the market throughout the forecast period owing to the high herbicide requirements of these crops.
Grains and cereals segment accounted for the largest market share in 2016 by Application due to the high demand for its use for these crops.
By region, Asia-Pacific accounted for almost 38% of the market share and thereby dominating the global market.
Asia-Pacific is followed by North America and Europe respectively in terms of market share.
Latin American countries like Brazil and Argentina are expected to have a rising business share in the forecast period.
Mosanto remains the key manufacturer of the Glyphosate.
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