The global glyphosate market is expected to
exceed USD 8.50 billion by 2020, according to a new study by Grand View
Research, Inc. GM crops have witnessed high penetration, on account of benefits
such as high yield and disease resistance. The amount of glyphosate added to
major genetically modified crops has been increasing over the past few years.
This is expected to drive the global glyphosate market over the forecast
period. High demand for minimum tillage as well as no-tillage systems is also
expected to fuel the market over the next six years. Considerable environmental
and health concerns have led to stringent regulations on glyphosate usage,
which may act as a restraint to industry growth.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/glyphosate-industry
Further key findings from the study
suggest:
- Global glyphosate demand was over 700 kilo tons in 2013, which is expected to exceed 1,000 kilo tons by 2020.
- Conventional crops dominated global market volume in 2013; glyphosate is used two to three weeks before sowing crops such as wheat, sorghum, sunflower, etc. This aids in significant tillage reduction along with efficient weed control. GM crops are expected to witness high growth over the forecast period, primarily due to growing adoption in Latin America, China and India.
- Asia Pacific was the largest regional market in 2013; North America accounted for over 25% of the global market volume in the same year. GM crop adoption coupled with arable land availability in China and India is expected to drive the Asia Pacific glyphosate market over the next six years.
- Major industry participants include Monsanto, Syngenta, Nufarm, Dow AgroSciences and DuPont. Other companies mainly include BASF, Bayer and a large number of Chinese manufacturers. Key players have targeted weed management systems development, which help lower adverse environmental impact and control weeds through different modes as compared to traditional glyphosate application.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
For the purpose of this study, Grand
View Research has segmented the global glyphosate market on the basis of
application and region:
Glyphosate
Application Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 – 2020)
• Conventional Crops
• GM Crops
Glyphosate
Regional Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 – 2020)
• North America
• U.S.
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• RoW
• Brazil
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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