Glyphosate Market Analysis

Application (Agriculture, Household, Industrial)

The global glyphosate market is segmented and analyzed for demand and supply by application in agriculture, household, industrial, and others. Out of these, the agriculture segment is attributed to garner the largest market share by 2037 on the back of a large employment share in agriculture, owing to the high demand for food and agricultural products. The World Bank stated that employment in agriculture accounted for at least 27% of total employment in 2019. Glyphosate is being used in every stage of agricultural farming from “pre-planting” to “after-planting”. By controlling and eradicating undesirable vegetation, farmers use glyphosate to protect plants and crops. As the population grows, the demand for food and agricultural products also increases which requires glyphosate to let crops grow faster by removing weeds from the land so that they cannot compete with the crops. 

Crop Type (Genetically Modified Crops, Conventional Crops)

The global glyphosate market is also segmented and analyzed for demand and supply by crop type into genetically modified crops, and conventional crops. Out of these two segments, the genetically modified crops segment is attributed to holding the largest share by the end of the assessment period. Genetically modified crops are grown by transferring new DNA into plant cells which require advanced herbicides and pesticides. Thus, the need for glyphosate increases with a rising focus on growing genetically modified crops. Further, people adopting genetically modified crops such as cornstarch, corn syrup, corn oil, soybean oil, canola oil, or granulated sugar and fresh fruits and vegetables including potatoes, summer squash, apples, papayas, and pink pineapples to fulfill a daily nutrient need is also anticipated to increase the demand for glyphosate for growing high-nutritious crops without pests and insects.

Our in-depth analysis of the global market includes the following segments: