Precision Business Insights has published a report on the global glyphosate market, estimating its value at USD 11,536.5 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/glyphosate-market
The glyphosate market revolves around glyphosate, a widely used herbicide for weed control in agriculture and non-agricultural applications. It is primarily applied to genetically modified (GM) and conventional crops to enhance productivity and reduce manual labor in weed management.
Drivers:
- Rising Demand for High Crop Yield – Farmers seek effective solutions to maximize agricultural output, making glyphosate a preferred choice.
- Expansion of Genetically Modified (GM) Crops – The increasing adoption of GM crops resistant to glyphosate boosts market growth.
The global glyphosate market segmentation:
- By Crop Type: Genetically Modified Crop, Conventional Crop
- By Application: Agriculture, Household, Industrial and Others
- By Function: Weed Management Solution, Improve Soil Health, Improved Planting Efficiency, and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the glyphosate market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the glyphosate market . The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like HPM Chemicals & Fertilizers Ltd, Indofil Industries Ltd, Monsanto Australia Ltd, Nufarm Ltd, Dow AgroSciences Australia Ltd, BASF SE, Corteva Agriscience, Syngenta AG, Adama Agricultural Solutions Ltd, Sikko Industries Ltd, SinoHarvest.
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