Glyphosate Market to Grow with a CAGR of 4.18% through 2030F
Expansion
of agriculture in emerging economies is expected to drive the Global Glyphosate
Market growth in the forecast period, 2026-2030F.
According
to TechSci Research report, “Glyphosate Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the
Global Glyphosate Market stood at USD 8.91 Billion in 2024 and is expected to
reach USD 9.58 Billion by 2030 with a CAGR of 4.18% during the forecast period.
The
transition toward bio-based and alternative herbicides is gaining momentum as
regulatory restrictions on synthetic herbicides, particularly glyphosate,
become more stringent. Concerns over glyphosate’s potential links to health
risks and environmental damage have prompted agrochemical companies to explore
sustainable weed management solutions. This shift is being driven by both
market demand for safer agricultural inputs and governmental policies that
encourage the development of eco-friendly herbicides. Companies are focusing on
microbial-based herbicides, which utilize naturally occurring bacteria and
fungi to suppress weed growth, reducing reliance on synthetic chemicals.
Additionally, plant-derived compounds, such as essential oils and allelopathic
extracts, are being studied for their herbicidal properties, offering a natural
approach to weed control. A key innovation in this domain is RNA interference
(RNAi) technology, which targets specific genes within weeds, disrupting their
growth without affecting other plants or soil health. This precision-based
approach enhances efficacy while minimizing unintended environmental impact.
Governments and research institutions are actively funding projects to discover
and commercialize new bio-herbicides, recognizing their role in sustainable
agriculture.
Beyond
chemical alternatives, non-chemical weed control methods are also advancing.
Electrical weeding technology, which applies high-voltage currents to destroy
weeds at the cellular level, is gaining traction in regions with strict
herbicide regulations. Similarly, thermal weeding techniques, including flame
and steam applications, are being integrated into weed management strategies,
particularly in organic farming. While glyphosate remains a widely used
herbicide, increasing adoption of regenerative agriculture and integrated weed
management practices is accelerating the demand for alternative solutions. As
research and innovation continue, the market for bio-based and alternative
herbicides is expected to expand, offering farmers effective, sustainable weed
control options that align with evolving environmental and regulatory standards.
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"Glyphosate Market”
The
Global Glyphosate Market is segmented into type, application, regional
distribution, and company.
Based on the Type, genetically modified (GM) crops, particularly glyphosate-tolerant varieties, are projected to be the fastest-growing segment in the global Glyphosate Market in 2024. These GM crops, engineered to withstand glyphosate application, offer significant advantages for farmers by simplifying weed control and reducing the need for alternative herbicides or manual weeding. This innovation is driving widespread adoption as farmers seek more efficient, cost-effective, and sustainable farming practices. The rapid growth of glyphosate-tolerant GM crops is further fueled by their ability to support modern farming techniques such as no-till and reduced-tillage practices, which conserve soil, reduce erosion, and improve soil health. As demand for more sustainable agricultural methods rises, glyphosate-tolerant GM crops are becoming a key solution, propelling their rapid growth in the global market. Their combination of environmental benefits and enhanced productivity positions them as the fastest-growing segment in the Glyphosate Market.
Based
on region, North America has emerged as the second-largest region in the global
glyphosate market, driven by widespread adoption of genetically modified (GM)
crops, large-scale commercial farming, and advanced agricultural practices. The
United States and Canada are key contributors, with extensive use of
glyphosate-based herbicides in the cultivation of corn, soybean, wheat, and
cotton. The high demand for glyphosate-resistant crops has led to increased
herbicide application, further solidifying the region’s position in the market. North
America benefits from well-established agrochemical companies such as Bayer AG,
Corteva Agriscience, and FMC Corporation, which are heavily investing in glyphosate
research, improved formulations, and sustainable weed management solutions. The
region also has a strong network of distributors and retailers, ensuring a
steady supply of glyphosate-based products to farmers. Despite its strong
market presence, North America faces regulatory scrutiny and environmental
concerns regarding glyphosate usage. In the United States, ongoing litigations
and potential restrictions have prompted companies to explore alternative
herbicides and integrated weed management strategies. Nevertheless, the continued
expansion of precision agriculture and increasing investments in agrochemical
innovations are expected to sustain North America’s dominance in the glyphosate
market.
Major
companies operating in Global Glyphosate Market are:
- Adama Agricultural Solutions Ltd
- BASF SE
- Bayer Cropscience AG
- UPL Limited
- FMC Corporation
- Zhejiang Xinan Chemical
Industrial Group Company Ltd
- Nufarm Limited
- DuPont de Nemours, Inc
- Syngenta Crop Protection AG
- The Dow Chemical Company
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“The
global glyphosate market is witnessing increased consolidation as leading
agrochemical companies engage in mergers, acquisitions, and strategic
partnerships to strengthen their market presence. Large corporations such as Bayer
AG, Syngenta, and Corteva Agriscience are actively acquiring smaller companies
and investing in advanced research and development (R&D) initiatives to
enhance their herbicide portfolios. This trend is largely driven by the need to
maintain competitive advantage, expand regional market share, and address
evolving regulatory challenges related to glyphosate usage. One of the key
areas of investment is the development of improved glyphosate formulations with
reduced environmental impact. Companies are increasingly focusing on low-drift
formulations, precision application technologies, and bio-based adjuvants to
mitigate the environmental risks associated with glyphosate. These innovations
aim to enhance efficiency while reducing unintended exposure to non-target
plant species and ecosystems. Additionally, R&D efforts are directed toward
combining glyphosate with complementary herbicidal modes of action, helping
combat herbicide-resistant weed strains that have become a growing challenge in
modern agriculture. With increasing restrictions and potential bans in some
regions, companies are diversifying their portfolios to include next-generation
herbicides, biopesticides, and precision agriculture technologies”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Glyphosate
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Conventional Crops, GM Crops), By Application (Grains and
Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, Other
Crop Types), By Region and Competition, 2020-2030F”, has evaluated the
future growth potential of Global Glyphosate Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Glyphosate Market.
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