To fight weed resistance and
increase the effectiveness of glyphosate, high investments in research and
innovation are required, which leads to an increase in the product’s cost.
Active ingredients offering similar functionalities are facing competition due
to cost efficiency and technological advancements. This emergence of
glyphosate-resistant weeds has created a major challenge in glyphosate market.
To know about the assumptions considered for the study, download the pdf brochure
South America dominated
the glyphosate market in 2015
The South American region was the largest market for glyphosate in 2015. This can be attributed to the increase in demand for various glyphosate products in countries such as Brazil and Argentina. Brazil is one of the largest producers of genetically modified-herbicide tolerant crops such as soybean, cotton, and sugarcane, this has led to the increased use of glyphosate in this region.
Scope of the Report
This
research report categorizes the glyphosate market based on crop type, form,
application, and region.
On the basis of crop type, the glyphosate
market has been segmented into:
- Genetically modified crops
- Conventional crops
On the basis of form, the glyphosate market
has been segmented into:
- Liquid
- Dry
On the basis of application, the glyphosate
market has been segmented into:
- Agricultural
- Grains & cereals
- Oilseeds & pulses
- Fruits & vegetables
- Others includes sugarcane,
plantation crops, and pastures
- Non-agricultural
On the basis of region, the glyphosate market
has been segmented into:
- North America
- Europe
- Asia Pacific
South America RoW (Africa and the Middle East)
The major restraining factor for
the glyphosate market is ban on the production of GM crops in some countries in
Europe. Restriction on GM crops by various countries will have a direct effect
on the use of glyphosate. Another challenge faced by glyphosate industry is the
emergence of the glyphosate resistant weeds such as Palmer
amaranth and Conyza bonariensis. Monsanto (U.S.), one of the prominent players in the
glyphosate market, focuses on developing new modified glyphosate products and
technologies, in order to prevent growth of glyphosate resistant weeds and
cater to the large customer base. Its core competencies are diverse product
portfolios that include Roundup Ready PLUS and Roundup Custom (spray).
Syngenta Ag is also one of the
major players that offers various systemic herbicide products for weed control.
In June 2016, Monsanto, Sumitomo Chemical (Japan), and Valent USA (U.S.)
entered into a collaboration for providing crop protection solutions. In terms
of new product development strategy, Monsanto has developed herbicide tolerance
cotton product Bollgard II XtendFlex. It ultimately increases the yield for
cotton growers. This product is pending for regulatory approval.