Who are the key players in Glyphosate Market?

Bayer Cropscience AG, Adama Agricultural Solutions Ltd, UPL Limited, BASF SE and Syngenta AG are the major companies operating in the Glyphosate Market. Read More

Which is the fastest growing region in Glyphosate Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Glyphosate Market?

In 2024, the Asia Pacific accounts for the largest market share in Glyphosate Market. Read More

What years does this Glyphosate Market cover, and what was the market size in 2023?

In 2023, the Glyphosate Market size was estimated at USD 8.5 billion. The report covers the Glyphosate Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glyphosate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Glyphosate Market Size

Market Size of Glyphosate Industry

Study Period	2018 - 2029
Market Size (2024)	USD 9.14 Billion
Market Size (2029)	USD 13.11 Billion
CAGR (2024 - 2029)	7.49 %
Fastest Growing Market	North America
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Glyphosate Herbicide Market Analysis

The Glyphosate Market size is estimated at USD 9.14 billion in 2024, and is expected to reach USD 13.11 billion by 2029, growing at a CAGR of 7.49% during the forecast period (2024-2029).

With the area under herbicide-tolerant crops increasing and more countries approving herbicide-tolerance technology for crops, the market is expected to grow inorganically with rapid farmer adoption. Product advantages over mechanical tillage systems, like low cost, less soil, and environmental degradation, support the glyphosate market expansion. Its concerns for the environmental hazards remain in developed markets, but the market is not expected to slow down on account of the lack of availability of efficient alternatives to glyphosate.
Most of the benefits conveyed to vegetable growers relate to glyphosate's versatility and flexibility. Glyphosate is registered for nearly all vegetable crops and can be used in most circumstances. The majority of glyphosate use, in terms of total acres treated, occurs during late postemergence to the crop in field crops. North America and Asia-Pacific are lucrative markets for glyphosate. GM crop adoption, coupled with arable land availability, is expected to drive the Asia Pacific glyphosate market over the coming years.
Glyphosate is currently approved for use in the European Union until 15 December 2022. This means it can be used as an active substance in PPPs until that date, and each product is authorized by national authorities with a safety evaluation. European Food Safety Authority (EFSA) stated that it required more time to reassess the pesticide, pushing it back to July 2023.
In 2022, The Indian government restricted the use of chemical glyphosate in India, fearing risks to human and animal health. However, the government allowed its use only through pest control operators (PCOs). PCOs are licensed to use deadly chemicals for treating pests such as rodents. Glyphosate and its formulations are widely registered and are currently used in over 160 countries, including the European Union and the United States.

Glyphosate Herbicide Industry Segmentation

Glyphosate is one of the most commonly used herbicides. It is classified as a post-emergent, non-selective, systemic herbicide capable of killing weeds that have green foliage.

The global glyphosate market is segmented by type (gm crops and non-gm crops), application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and other crop types), and geography (North America, South America, Europe, Asia-Pacific, and Africa). The report also covers the market size and forecasts for the glyphosate market across the world. For each segment, the market size and forecasts will be provided in terms of value (USD million).

Type
		GM Crops
		Non-GM Crops

Application
		Grains and Cereals
		Pulses and Oilseeds
		Fruits and Vegetables
		Commercial Crops
		Other Crop Types

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	Italy
	France
	Germany
	Russia
	United Kingdom
	Rest of Europe

Asia-Pacific
	India
	China
	Japan
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Africa
	South Africa
	Rest of Africa

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Glyphosate Market Size Summary

The glyphosate market is poised for significant growth over the forecast period, driven by the increasing adoption of herbicide-tolerant crops and the approval of herbicide-tolerance technology in various countries. The market's expansion is supported by glyphosate's advantages over mechanical tillage systems, such as cost-effectiveness and reduced soil and environmental degradation. Despite environmental concerns in developed markets, the lack of efficient alternatives ensures continued demand for glyphosate. The versatility and flexibility of glyphosate, particularly in vegetable crops, further bolster its market presence. North America and Asia-Pacific are identified as key regions for market growth, with genetically modified (GM) crop adoption and arable land availability playing crucial roles in the Asia-Pacific market's expansion.

The global glyphosate market is characterized by its consolidation, with major players like Bayer CropScience AG, BASF Corporation, Syngenta AG, Adama Agricultural Solutions Ltd, and UPL Limited leading the industry. These companies are actively engaging in strategic initiatives such as new product launches, partnerships, mergers, and acquisitions to strengthen their market positions. The market's growth is also supported by advancements in agricultural practices, such as zero-tillage, and the cultivation of GM crops, which offer benefits like increased yields and reduced pesticide use. Despite regulatory challenges in some regions, the market remains robust, with glyphosate continuing to be a widely applied pesticide globally.

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Glyphosate Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 GM Crops
  2. 2.1.2 Non-GM Crops
2. 2.2 Application
  1. 2.2.1 Grains and Cereals
  2. 2.2.2 Pulses and Oilseeds
  3. 2.2.3 Fruits and Vegetables
  4. 2.2.4 Commercial Crops
  5. 2.2.5 Other Crop Types
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Spain
    2. 2.3.2.2 Italy
    3. 2.3.2.3 France
    4. 2.3.2.4 Germany
    5. 2.3.2.5 Russia
    6. 2.3.2.6 United Kingdom
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 India
    2. 2.3.3.2 China
    3. 2.3.3.3 Japan
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Rest of Africa