Glyphosate is among the widely used herbicides in the United States. It is a systemic herbicide, which means that when applied to plant leaves, it is absorbed by tissues to kill broad-leaved plants, weeds, and other grasses. Glyphosate is usually made into isopropyl amine or sodium salt when used. Glyphosate has excellent herbicidal properties and is easily absorbed by the leaves through the roots and transported to plant growth points. It inhibits three aromatic amino acids that are involved in the synthesis of plant enzymes: tyrosine, tryptophan, and phenylalanine. Therefore, it is valid only in actively growing plants and not as a pre-emergent herbicide.
The global glyphosate market expected to propel the market growth at a substantial CAGR in the forecast period from 2020-2027. Glyphosate is an effective active chemical ingredient in many widely used herbicides, and its use in the EU is strictly regulated. Glyphosate is not directly related to genetically modified crops and non-GMO crops treated with the herbicide glyphosate.
It is owing to glyphosate, more extensive uses such as rubber, mulberry, tea, orchards, and sugar cane fields. It mainly inhibits the enol acetone shikimate phosphate synthase in plants, thereby inhibiting the conversion of shikimate to phenylalanine, tyrosine, and tryptophan, which interferes with protein synthesis and causes plant death.
Moreover, when used accurately according to label instructions, herbicides prevent weeds and plants from competing for water, light, and nutrition. Glyphosate helps farmers and homeowners control weeds in a variety of growing areas. Glyphosate-resistant (GMO) and genetically modified organism (GMO) crop varieties include rapeseed, corn, cotton, soybean, sugar beet, and wheat.
The creation and large-scale planting of genetically modified glyphosate-resistant crops such as soybeans and corn have increased the global demand for glyphosate. The global pesticide market tends to shift to the agricultural biotechnology market. Herbicide-resistant crops generally have some resistance to broad-spectrum herbicides-especially to glyphosate and glufosinate-they will control the growth of most green plants. These two herbicides are very useful for weed control and are very harmful to animals.
The glyphosate has broad-spectrum weed and pest killing, and it has low toxicity and low residue, which quickly degraded in the soil without contaminating groundwater. Compared with the other herbicides used in the past, glyphosate shows significantly lower toxicity.
Based on crop type, the global Glyphosate market distributed into Genetically Modified, Conventional. The conventional crop segment has dominated the market share of the worldwide glyphosate market. Glyphosate is beneficial for the crop if the dosage given to the crops according to the instruction given on the label as glyphosate helps in removing weed and pests from the plants and completing with sunlight, water, and nutrients. Different weeds have different sensitivity to glyphosate, so the dosage keeps changing.
Additionally, glyphosate is often used to eliminate invasive species and habitat restoration, especially to enhance native plants and establish grassland ecosystems. Glyphosate can also be used for crop drying and ripening (wheat, corn, soybean, and cotton), and to increase the sucrose concentration of sugar cane, usually sprayed about 10-15 days before the harvest.
Based on the form type, the global Glyphosate market bifurcated into a liquid, and dry. The liquid segment has bolstered the market share for the global glyphosate market. The liquid form of glyphosate is cost-effective, prevent soil erosion, increase soil fertility, and reduce environmental degradation. Therefore, these factors help in the expansion of global glyphosate in the worldwide market.
Based on the application, the global Glyphosate market classified into Agricultural (Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables), Non-Agricultural. The agriculture sector is dominating the market share of the global glyphosate market and will continue to bolster its market demand in the forecast period as well. The primary use of glyphosate is agricultural weeding, but with the continuous expansion of genetically modified agricultural products, the use of glyphosate has also increased. Moreover, enhancing agricultural modern equipment and tool allow the farmers to grow more and more crops. Thus, framers use glyphosate to remove weeds and earn more and more profits. Also, in non-agricultural environments, people use a glyphosate product called Roundup to clean weeds on streets and sidewalks.
Based on geography, the global Glyphosate market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region has dominated the demand for the glyphosate market. Owing to rising disposable income and increasing the agriculture technology and techniques, awareness among farmers has propelled the need for glyphosate in the farming method. Therefore, it will help in capturing the demand for glyphosate in the forecast period from 2020-2027. Moreover, the growing population has increased the need for conventional and non-conventional farming. With the use of glyphosate, the weeds and pests quickly get removed without affecting the soil and environment; thus, create the market demand of glyphosate in the future as well.
Companies such as Monsanto, Syngenta, Nufarm, Dow AgroSciences, DuPont, BASF, Bayer, and others are the key players in the global Glyphosate market.
By Crop type