Glyphosate Market Size To Reach $10.95 Billion By 2030

Glyphosate Market Growth & Trends

The global glyphosate market size is anticipated to reach USD 10.95 billion by 2030, registering a CAGR of 3.4%, according to a report by Grand View Research, Inc. Genetically modified or GM crops have experienced high demand as a result of benefits offered such as disease resistance and high yield. The usage of glyphosate in major GM crops has increased over the last few years. This is projected to boost the global market during the forecast period. 

Increased demand for minimum tillage and no-tillage systems is also likely to spur the global market growth over the coming years. However, strict regulations regarding the usage of glyphosate due to various environmental and health concerns may have a negative impact on market growth.

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Glyphosate Market Report Highlights

• The agricultural segment dominated the market and accounted for 83.4% in 2023. As the world population grows, there is a corresponding need to boost agricultural productivity to ensure food security.

• GM crops accounted for the largest market revenue share in 2023. GM crops allow farmers to apply the herbicide without damaging the crops.

• The solid segment is projected to witness significant growth during the forecast period. Solid formulations, such as granules and powders, are more stable and less lead to spillage.

• The Asia Pacific glyphosate market is expected to witness significant growth over the forecast period. The Asia Pacific region has a diverse agricultural output, including, rice, wheat, maize, soybeans, and cotton crops.

Glyphosate Market Segmentation

Grand View Research has segmented the global glyphosate market report based on application, crop, form, and region:

Glyphosate Application Outlook (Revenue, USD Million, 2018 - 2030) (Volume Kilotons)

• Agricultural

  • Grains & Cereals

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Others

• Non-agricultural

Glyphosate Crop Outlook (Revenue, USD Million, 2018 - 2030) (Volume Kilotons)

• GM Crops

• Conventional Crops

Glyphosate Form Outlook (Revenue, USD Million, 2018 - 2030) (Volume Kilotons)

• Solid

• Liquid

Glyphosate Regional Outlook (Revenue, USD Million, 2018 - 2030) (Volume Kilotons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in Glyphosate Market

• Syngenta

• Bayer AG

• Nufarm

• UPL

• ADAMA

• BASF SE

• GREENWELL BIOTECH

• HINDUSTAN BIO-TECH

• FMC Corporation (Cheminova India Ltd.)

• SinoHarvest