Reports > Agriculture > Glyphosate Market Report
Glyphosate Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Glyphosate market, including current trends, size, regional breakdowns, and future forecasts from 2023 to 2033. It offers insights into market dynamics, competitive landscape, and key developments shaping the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $10.00 Billion |
| CAGR (2023-2033) | 5% |
| 2033 Market Size | $16.46 Billion |
| Top Companies | Bayer AG, Corteva Agriscience, Syngenta AG, FMC Corporation, Nufarm Limited |
| Last Modified Date | 15 Nov 2024 |
Glyphosate Market Report (2023 - 2033)
Glyphosate Market Overview
What is the Market Size & CAGR of Glyphosate market in 2023?
Glyphosate Industry Analysis
Glyphosate Market Segmentation and Scope
Request a custom research report for industry.
Glyphosate Market Analysis Report by Region
Europe Glyphosate Market Report:
In Europe, the market is forecasted to increase from $3.35 billion in 2023 to $5.52 billion by 2033. Though stricter regulations regarding chemical usage pose challenges, the focus on crop yield and quality drives glyphosate usage across many member states.Asia Pacific Glyphosate Market Report:
In the Asia Pacific region, the glyphosate market is projected to grow from $1.69 billion in 2023 to $2.77 billion by 2033, driven by increasing agricultural production and adoption of modern farming techniques. The region remains a key contributor to global glyphosate consumption due to its vast arable land and growing population.North America Glyphosate Market Report:
The North American glyphosate market is strong, expected to grow from $3.60 billion in 2023 to $5.92 billion in 2033. A mixture of technologically advanced agriculture and high acceptance of genetically modified organisms (GMOs) continues to drive market demand in this region.South America Glyphosate Market Report:
South America shows a significant increase in glyphosate market value, from $0.87 billion in 2023 to $1.44 billion by 2033. The demand stems from its extensive soybean and maize industries, with glyphosate being essential for weed management in these high-demand crops.Middle East & Africa Glyphosate Market Report:
The Middle East and Africa market is expected to rise from $0.49 billion in 2023 to $0.80 billion by 2033, albeit at a slower pace. Agricultural developments in this region, alongside increasing food security needs, contribute to the observed growth.Request a custom research report for industry.
Glyphosate Market Analysis By Product Type
Global Glyphosate Market, By Product Type Market Analysis (2023 - 2033)
Glyphosate salt constitutes a major market share, expected to grow from $8.09 billion in 2023 to $13.32 billion by 2033, representing 80.92% of the overall market. Glyphosate formulations, while smaller in market size at $1.91 billion initially, are poised to increase to $3.14 billion by 2033, capturing 19.08% of the market.
Glyphosate Market Analysis By Application Area
Global Glyphosate Market, By Application Area Market Analysis (2023 - 2033)
Predominantly used in agriculture, the glyphosate market for agricultural applications saw a value of $6.65 billion in 2023, growing to $10.94 billion by 2033. Landscape management is also significant, representing $2.37 billion initially, with growth expected to reach $3.90 billion.
Glyphosate Market Analysis By Formulation Type
Global Glyphosate Market, By Formulation Type Market Analysis (2023 - 2033)
Conventional formulations remain dominant, valued at $8.09 billion in 2023 and expected to reach $13.32 billion by 2033. On the other hand, herbicide formulations, though smaller at $1.91 billion, are anticipated to expand to approximately $3.14 billion in the same period.
Glyphosate Market Analysis By End User
Global Glyphosate Market, By End-User Market Analysis (2023 - 2033)
Farmers comprise the major customer segment for glyphosate, with market sizes of $6.65 billion in 2023 and projections of $10.94 billion by 2033, holding a stable share of 66.48%. Agricultural businesses and government entities represent smaller but growing sectors, with market sizes of $2.37 billion and $0.98 billion respectively.
Glyphosate Market Analysis By Region Planting
Global Glyphosate Market, By Planting Market Analysis (2023 - 2033)
The analysis by planting area reveals that arable land dominates glyphosate utilization, with sizes at $8.09 billion in 2023 projected to grow to $13.32 billion by 2033. Non-arable land uses are smaller but still contribute notably, growing from $1.91 billion to $3.14 billion.
Glyphosate Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Glyphosate Industry
Bayer AG:
A leading global enterprise with core competencies in the life science fields of health care and agriculture. Bayer's extensive glyphosate portfolio aligns with modern agricultural practices, focusing heavily on innovation.Corteva Agriscience:
As a major player in the agri-sciences, Corteva excels in seed and crop protection, including glyphosate, contributing to sustainable agricultural practices globally.Syngenta AG:
This agrochemical company is a heavyweight in crop protection products and has made significant contributions to glyphosate formulation technologies. Syngenta emphasizes sustainability in agriculture.FMC Corporation:
FMC focuses on crop protection solutions and has a robust glyphosate product lineup, aimed at effective weed control in various agricultural applications.Nufarm Limited:
An Australian agricultural chemicals company, Nufarm is involved in the production and marketing of glyphosate herbicides aimed at enhancing agricultural productivity.We're grateful to work with incredible clients.
