Global Glyphosate
Market Report
2024
Glyphosate Market size will be USD 9684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.30% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Glyphosate market size will be USD 9684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.30% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Glyphosate Market Sales Revenue 2024 | $ 9684.2 Million |
Global Glyphosate Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.3% |
North America Glyphosate Market Sales Revenue 2024 | $ 3873.68 Million |
North America Glyphosate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Europe Glyphosate Market Sales Revenue 2024 | $ 2905.26 Million |
Europe Glyphosate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
Asia Pacific Glyphosate Market Sales Revenue 2024 | $ 2227.37 Million |
Asia Pacific Glyphosate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.3% |
South America Glyphosate Market Sales Revenue 2024 | $ 484.21 Million |
South America Glyphosate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Middle East and Africa Glyphosate Market Sales Revenue 2024 | $ 193.68 Million |
Middle East and Africa Glyphosate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
Market Split by Form |
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Market Split by Crop |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Glyphosate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The glyphosate market encompasses the production, distribution, and utilization of glyphosate-based herbicides, which are widely recognized as one of the most extensively used weed control solutions globally. Glyphosate, a broad-spectrum herbicide, is renowned for its effectiveness in eliminating various weed species while preserving crop integrity in agricultural, forestry, urban, and home settings. Its popularity stems from attributes such as affordability, ease of application, and broad applicability across diverse cropping systems. However, the glyphosate market is challenging, as it faces increasing regulatory scrutiny, legal controversies over health and environmental impacts, and evolving consumer preferences toward sustainable agriculture practices. Despite these challenges, the glyphosate market remains resilient, driven by the continual demand for efficient weed management solutions to sustainably increase agricultural productivity and meet the growing global demand for food and fiber.
In March 2024, Dow launches bio-circular and circular Propylene Glycol solutions in North America. Renuva™ and Ecolibrium™ technologies enable two new offerings for a wide range of propylene glycol applications, including personal care, cosmetics, pharmaceutical, food ingredients, flavorings, fragrances, agricultural, and industrial.
The adoption of modern agricultural practices, particularly in emerging economies, is poised to increase the global demand for glyphosate-based herbicides significantly. As these regions undergo rapid urbanization and industrialization, there's a growing need to enhance agricultural productivity to meet rising food demand. Modern farming techniques, including conservation tillage and no-till farming, are increasingly favored for their ability to improve soil health, conserve water, and mitigate erosion. Glyphosate plays a crucial role in these practices by effectively controlling weeds without the need for extensive mechanical soil disturbance. Additionally, the expansion of large-scale mono-cropping systems, such as soybean, corn, and cotton, further drives the demand for glyphosate as a primary herbicide for weed management in these crops.
The cost-effectiveness and proven efficacy of glyphosate-based herbicides are poised to propel significant growth in the market. Glyphosate stands out as a preferred weed management solution due to its broad-spectrum activity against a wide range of weed species and its relatively low cost compared to alternative herbicides. Its effectiveness in controlling weeds while minimizing crop damage enhances its appeal to farmers seeking efficient and economical weed control methods. Additionally, the simplicity of glyphosate application and its compatibility with various cropping systems contribute to its widespread adoption across diverse agricultural landscapes. As farmers worldwide seek to optimize input costs and maximize yields, glyphosate's affordability and reliability make it a cornerstone of modern agricultural practices. Furthermore, advancements in formulation technologies continue to enhance glyphosate's performance, further bolstering its market growth potential.
Litigation and legal challenges surrounding glyphosate present significant hurdles that may limit sales and market growth. Ongoing lawsuits and concerns regarding the potential health risks associated with glyphosate exposure, particularly allegations linking it to cancer, create uncertainty and diminish consumer confidence in glyphosate-based products. Legal battles, settlements, and regulatory scrutiny not only incur financial costs for manufacturers but also tarnish the reputation of glyphosate in the eyes of consumers, retailers, and regulatory authorities. Moreover, adverse court rulings or regulatory decisions imposing restrictions or bans on glyphosate usage can disrupt sales and market access, particularly in regions where public sentiment and regulatory policies are more stringent. As a result, agrochemical companies face challenges in defending glyphosate's safety and efficacy while navigating the complex legal landscape, potentially impacting sales volumes and market share.
The COVID-19 pandemic has had mixed effects on the glyphosate market. Initially, disruptions to global supply chains, logistical challenges, and labor shortages impacted the availability and distribution of agricultural inputs, including glyphosate-based herbicides. Lockdown measures and restrictions on movement hindered agricultural activities, leading to delays in planting seasons and reduced demand for herbicides. Additionally, economic uncertainties and financial constraints among farmers prompted some to scale back input purchases, including glyphosate, to manage costs. However, agriculture was deemed an essential sector in many countries, leading to a relatively resilient demand for glyphosate to ensure crop protection and maintain food production. Moreover, the pandemic highlighted the importance of herbicides like glyphosate in supporting sustainable and efficient agricultural practices, driving continued demand in key markets.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge products, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In March 2024, BASF breaks ground on a methyl glycol plant at the Zhanjiang Verbund site in China. The product serves the fast-growing demand for modern brake fluids in China. First fully backward integrated methyl glycol plant in China upon completion. World-scale production facility expected to start up in 2025
(Source: https://www.basf.com/in/en/media/news-releases/asia-pacific/2024/03/p-24-152.html/)
In December 2023, Digital Farming Around the Globe Agriculture relies on data. It always has. Rain, light, soil, seed performance: farmers have been measuring these data points since the first seeds were hand-spread into the earth.
(Source: https://www.bayer.com/en/agriculture/article/digital-farming-around-the-globe/)
Top Companies Market Share in Glyphosate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This region's supremacy can be attributed to several factors, including widespread adoption of industrial-scale farming practices, extensive cultivation of glyphosate-tolerant crops like soybeans and maize, and robust demand for efficient weed management solutions. Additionally, North America boasts a well-established agrochemical industry, advanced agricultural infrastructure, and supportive regulatory frameworks conducive to glyphosate usage.
The Asia Pacific region is witnessing an increase, in the Genetically Modified. This trend is driven by various factors, including the need to enhance agricultural productivity to meet the region's growing food demand, mitigate labor shortages, and adapt to climate variability. Farmers in countries like China, India, and Brazil are increasingly turning to GM crops, such as glyphosate-resistant soybeans and cotton, to streamline weed management practices and improve yield stability.
The current report Scope analyzes Glyphosate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Glyphosate market size was estimated at USD 9684.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3873.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. In North America, Liquid dominates the market, including ease of handling and application, improved efficacy, and versatility in various agricultural and non-agricultural settings. Liquid glyphosate formulations offer farmers greater flexibility in application methods, enabling precise and uniform coverage across diverse landscapes. Additionally, liquid formulations are often preferred for their compatibility with other agrochemicals and adjuvants, allowing for customized weed management solutions.
According to Cognitive Market Research, with a market value of USD 9684.2 million in 2024, and projected to expand at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 2905.26 million. Europe is a force in the Liquid segment. This dominance can be attributed to several factors, including ease of handling and application, improved efficacy, and versatility in various agricultural and non-agricultural settings. Liquid glyphosate formulations offer farmers greater flexibility in application methods, enabling precise and uniform coverage across diverse landscapes. Additionally, liquid formulations are often preferred for their compatibility with other agrochemicals and adjuvants, allowing for customized weed management solutions.
According to Cognitive Market Research, the global Glyphosate market size was estimated at USD 9684.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2227.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. The Asia Pacific region is experiencing growth in the Genetically Modified due to their widespread adoption and benefits in weed management. GM crops engineered for glyphosate tolerance allow farmers to control weeds while minimizing crop damage effectively, thus increasing productivity and reducing the need for alternative herbicides. Glyphosate-resistant crops, such as soybeans, corn, and cotton, have gained popularity among farmers globally, particularly in regions like North America and South America. The adoption of GM crops aligns with the growing demand for sustainable agricultural practices and the need to enhance food security amidst changing environmental conditions and increasing global population.
According to Cognitive Market Research, the global Glyphosate market size was estimated at USD 9684.2 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 484.21 million in 2024. It will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. Genetically Modified, in Latin America are experiencing growth due to their widespread adoption and benefits in weed management. GM crops engineered for glyphosate tolerance allow farmers to control weeds while minimizing crop damage effectively, thus increasing productivity and reducing the need for alternative herbicides. Glyphosate-resistant crops, such as soybeans, corn, and cotton, have gained popularity among farmers globally, particularly in regions like North America and South America. The adoption of GM crops aligns with the growing demand for sustainable agricultural practices and the need to enhance food security amidst changing environmental conditions and increasing global population.
According to Cognitive Market Research, the global Glyphosate market size was estimated at USD 9684.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 193.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. MEA experiences an upswing in the Agricultural segment. The agricultural sector holds a prominent market share in the glyphosate market, reflecting the widespread use of glyphosate-based herbicides in crop production. Glyphosate is extensively utilized in agriculture for weed control in various crops, including soybeans, corn, cotton, wheat, and rice, among others. Its effectiveness, affordability, and broad-spectrum activity make glyphosate a preferred choice for farmers seeking efficient and reliable weed management solutions. Additionally, the adoption of conservation tillage practices and genetically modified glyphosate-tolerant crops further solidifies the agricultural sector's dominance in glyphosate usage.
Global Glyphosate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Glyphosate Industry growth. Glyphosate market has been segmented with the help of its Form, Crop Application, and others. Glyphosate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Liquid held the major market share over the forecast period. This dominance can be attributed to several factors, including ease of handling and application, improved efficacy, and versatility in various agricultural and non-agricultural settings. Liquid glyphosate formulations offer farmers greater flexibility in application methods, enabling precise and uniform coverage across diverse landscapes.
Dry is the fastest-growing category over the forecast period. This rapid growth is fueled by advancements in dry formulation technologies, which enhance the stability, shelf-life, and handling characteristics of dry glyphosate products. Dry formulations offer several advantages, including easier storage, reduced transportation costs, and improved handling convenience for farmers, particularly in regions with limited access to liquid herbicides.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Glyphosate Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Genetically Modified holds a prominent market share. GM crops engineered for glyphosate tolerance allow farmers to control weeds while minimizing crop damage effectively, thus increasing productivity and reducing the need for alternative herbicides. Glyphosate-resistant crops, such as soybeans, corn, and cotton, have gained popularity among farmers globally, particularly in regions like North America and South America.
Conventional is the fastest-growing category over the forecast period. Despite the rise of genetically modified (GM) glyphosate-tolerant crops, there remains a substantial market for conventional glyphosate formulations due to their versatility and effectiveness in weed management across various cropping systems. Additionally, regulatory constraints and consumer preferences in certain regions may limit the adoption of GM crops, thus sustaining demand for conventional glyphosate products.
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According to Cognitive Market Research, Agricultural holds a prominent market share. Glyphosate is extensively utilized in agriculture for weed control in various crops, including soybeans, corn, cotton, wheat, and rice, among others. Its effectiveness, affordability, and broad-spectrum activity make glyphosate a preferred choice for farmers seeking efficient and reliable weed management solutions. Additionally, the adoption of conservation tillage practices and genetically modified glyphosate-tolerant crops further solidifies the agricultural sector's dominance in glyphosate usage.
Grains & cereals are the fastest-growing category over the forecast period. This growth is propelled by several factors, including increasing global demand for staple food crops like wheat, rice, and maize, which form the backbone of human nutrition worldwide. Glyphosate-based herbicides play a critical role in weed management practices in grains and cereals, enabling farmers to maintain high yields and optimize production efficiency
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
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Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Form | Liquid, Dry |
Crop | Genetically Modified, Conventional |
Application | Agricultural, Grains & cereals, Oilseeds & pulses, Fruits & vegetables, Others include sugarcane, plantation crops, and pastures, Non-agricultural |
List of Competitors | 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, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Anhui Huaxing Chemical Industry Company, BASF SE, Bayer CropScience |
This chapter will help you gain GLOBAL Market Analysis of Glyphosate. Further deep in this chapter, you will be able to review Global Glyphosate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Form Analysis 2019 -2031, will provide market size split by Form. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Form Analysis 2019 -2031
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Chapter 11 Market Split by Crop Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Glyphosate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Liquid have a significant impact on Glyphosate market? |
What are the key factors affecting the Liquid and Dry of Glyphosate Market? |
What is the CAGR/Growth Rate of Genetically Modified during the forecast period? |
By type, which segment accounted for largest share of the global Glyphosate Market? |
Which region is expected to dominate the global Glyphosate Market within the forecast period? |
Segmentation Level Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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