Asia Pacific is the largest as well as the fastest growing market at a CAGR of 7% in terms of volume demand of glyphosate, between 2012 and 2019. Emerging countries such as China and India are leading the growth in this region. China emerged as a big exporter of low priced generic glyphosate formulations, after the expiry of Monsanto’s patent over glyphosate outside the U.S. in 1991, accounting for around 30% of the global exports.
Albany, NY -- (SBWIRE) -- 03/16/2016 -- Growing demand from key end-use applications in glyphosate tolerant GM crops and conventional crops is expected to boost the global demand for glyphosate. The agriculture sector is witnessing rapid growth in Asia Pacific, Latin America and other regions, thus fuelling the demand for glyphosate. However, unfavorable factors such as emergence of glyphosate resistant weeds and stringent environmental regulations over use of agrochemicals, especially in Europe, are expected to hinder market growth. Development of innovative integrated weed management systems is expected to catch up in the near future owing to their eco friendly characteristics.
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For the glyphosate research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed the key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. Secondary sources referred for this study include, but are not limited to; U.S. Department of Agriculture (USDA), Environment Protection Agency (EPA), FAO Stat, FOE Europe, Seedquest, Weed Science Society of America and The International Survey for Herbicide Resistant Weeds among others.
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Glyphosate report gives a detailed description of the global glyphosate market based on volume share (kilo tons) and revenue (USD million) for the period 2013 to 2019. The glyphosate report includes only agricultural applications of glyphosate. All the volumes of glyphosate given in the report describe the tons or kilo tons of active ingredients and it does not include weight of carrier. The market numbers given in the report describe demand for glyphosate active ingredient and not production or sales. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. Detailed forecasts for the years 2013-2019 for glyphosate have been given separately, for better understanding of the market scenario. The glyphosate market is described with respect to their various segments along with the opportunities that are expected in the coming six years.
For geographic analysis, the global glyphosate market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW) - The glyphosate market has been segmented based on the following applications – glyphosate resistant GM crops and conventional crops. The GM crops segment includes four main GM crops - soybean, corn, cotton, canola and other small volume GM crops. The glyphosate study also analyses market attractiveness for all segments of glyphosate with the help of the market attractiveness tool.
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For a more comprehensive view of the market, a value chain analysis and Porter's five forces model is provided to throw light on the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as Monsanto Company, Nufarm Ltd., Syngenta AG., Dow AgroSciences LLC, E. I. du Pont de Nemours and Company, Zhejiang Xinan Chemical Industrial Group Company, Ltd., Jiangsu Good Harvest-Weien Agrochemical Co., Ltd. and Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. among others. The detailed description of players includes parameters such as company overview, financial overview, business strategies and SWOT analysis and recent developments of the company. The company market share for the key companies has been derived on the basis of revenue generated by the companies for glyphosate products.
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