Global Glyphosate Market Report By Category (GMO, Conventional), By Product Form (Liquid, Dry), By Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Glyphosate Market size is expected to be worth around USD 18.7 Billion by 2033, from USD 9.8 Billion in 2023, growing at a CAGR of 6.7% during the forecast period from 2024 to 2033.

The Glyphosate Market involves the global production and sale of glyphosate, an herbicide widely used in agriculture to control broadleaf weeds and grasses that compete with crops. This market is driven by the increasing need for efficient crop yield solutions.

The glyphosate market is poised for significant growth due to rising global food demand and its crucial role in agriculture. As food demand is projected to increase by over 40% by 2040, and potentially between 59% to 98% by 2050, the need for effective herbicides like glyphosate is expected to surge. Glyphosate is widely used in crop production to manage weeds, enhancing crop yield and ensuring food security.

The expanding population and changing dietary habits are key drivers of this demand. Regions with fast-growing populations, such as Asia and Africa, are particularly critical markets. Increased urbanization and income levels lead to higher consumption of food products, further boosting glyphosate demand.

Farmers rely on glyphosate for its efficiency and cost-effectiveness. It helps in reducing labor costs and improving productivity. Additionally, the adoption of genetically modified (GM) crops, which are glyphosate-resistant, supports the market. These GM crops are designed to withstand glyphosate applications, making weed control easier and more efficient.

The glyphosate market is driven by increasing food demand, technological advancements in agriculture, and the need for efficient weed control solutions. The market is expected to grow steadily, supported by the ongoing need to enhance agricultural productivity and ensure food security globally.

Key Takeaways

• The Glyphosate Market was valued at 9.8 Billion in 2023 and is expected to reach 18.7 Billion by 2033, with a CAGR of 6.7%.
• GMO category held 64.5% market share, significant for its high efficiency in crop protection.
• Liquid product form dominated with 68.9%, preferred for ease of application.
• Grains and Cereals application segment led with 48.5%, vital for large-scale agricultural productivity.
• APAC region dominated with 38.5% market share, supported by extensive agricultural activities.

Driving Factors

Increasing Global Food Demand Drives Glyphosate Market Growth

The escalating global demand for food due to population growth, projected to reach 9.7 billion by 2050 as per the United Nations, is a major driver for the glyphosate market. Glyphosate, a broad-spectrum herbicide, is essential in agriculture for controlling weeds that compete with crops for essential resources such as nutrients, water, and light.

A study by the International Journal of Agronomy indicated that the application of glyphosate in soybean fields could enhance yields by up to 13%. This increase in productivity is crucial for meeting the growing food demands, thereby directly contributing to the expansion of the glyphosate market.

Adoption of Genetically Modified (GM) Crops Catalyzes Glyphosate Demand

The proliferation of genetically modified (GM) crops, especially glyphosate-resistant varieties such as Roundup Ready soybeans and corn, has significantly fueled the demand for glyphosate. These crops are engineered to withstand glyphosate, allowing farmers to apply the herbicide without damaging the crop itself.

The International Service for the Acquisition of Agri-biotech Applications (ISAAA) reported that in 2019, GM crops occupied approximately 190.4 million hectares worldwide, most of which are glyphosate-resistant. This extensive adoption underlines the herbicide’s pivotal role in modern agricultural practices and its impact on market growth.

Cost-effectiveness and Labor Reduction Boost Glyphosate Market

Glyphosate presents a cost-effective alternative to traditional weed control methods such as tilling or manual weeding, making it a preferred choice for large-scale agricultural operations. It significantly reduces labor costs and time, enhancing operational efficiency.

A report from the University of Georgia Extension highlighted that using glyphosate in conservation tillage systems could save farmers approximately USD 30 per acre in operational expenses. This economic advantage not only makes glyphosate attractive to farmers but also plays a critical role in its widespread adoption, thereby driving the market growth.

Restraining Factors

Health and Environmental Concerns Restrain Glyphosate Market Growth

The glyphosate market faces significant challenges due to growing public concern over its potential health and environmental impacts. In 2015, the International Agency for Research on Cancer (IARC) classified glyphosate as “probably carcinogenic to humans,” leading to increased lawsuits and regulatory scrutiny.

Bayer, which acquired Monsanto, faced over 125,000 lawsuits related to glyphosate’s cancer risk, resulting in billions of dollars in settlement costs. These legal and regulatory pressures have led to bans or restrictions in several countries and municipalities, significantly restraining market growth. The negative perception and legal battles limit glyphosate’s acceptance and use globally.

Shift Towards Organic Farming Restrains Glyphosate Market Growth

The rising consumer preference for organic food is another major restraint on the glyphosate market. Organic standards prohibit the use of synthetic pesticides like glyphosate. The global organic food market grew to USD 98.7 billion in 2023, according to the Organic Trade Association, indicating a significant shift away from conventional farming practices.

As more farmers transition to organic methods to meet consumer demand, the addressable market for glyphosate diminishes. This trend towards organic farming reduces glyphosate usage, further limiting its market growth and profitability.

Category Analysis

GMO dominates with 64.5% due to its high efficiency in crop resistance management.

In the Glyphosate Market, the segment by Category is significantly led by Genetically Modified Organisms (GMO), which account for a dominant 64.5% of the market share. This prevalence is primarily due to the effectiveness of GMO crops in resisting pests and diseases, thereby reducing the need for manual weeding and use of various herbicides. GMO crops, engineered to be tolerant to glyphosate, allow farmers to apply the herbicide without harming the crop itself, leading to higher yield and reduced labor and input costs.

The Conventional category, while smaller in market share, is crucial for areas where GMO crops are not permitted or in markets where there is resistance to genetically modified products. This segment relies on more traditional methods of cultivation and weed control, which can be less efficient and more labor-intensive.

The dominance of GMO glyphosate applications highlights the growing shift towards agricultural biotechnology as a means to increase crop productivity and sustainability. However, the role of conventional glyphosate remains significant in offering alternatives for regions and markets that prefer or require non-GMO products. The growth in this segment is driven by ongoing debates and regulatory changes regarding GMO crops in various parts of the world, suggesting a dynamic market landscape that requires continual adaptation and innovation from producers and suppliers.

Product Form Analysis

Liquid dominates with 68.9% due to its ease of application and effective absorption.

In the Product Form segment of the Glyphosate Market, Liquid formulations lead with a market share of 68.9%. This form is preferred for its ease of application and faster absorption by plants, which enhances the effectiveness of the herbicide. Liquid glyphosate is typically used with various types of equipment ranging from handheld sprayers to larger agricultural machinery, making it versatile for both small-scale gardens and large agricultural fields.

Dry formulations, while less prevalent, play a critical role in specific applications where transportation, storage, and handling conditions favor powders or granules. These forms are valued for their longer shelf life and lower risk of spillage, making them suitable for use in areas with limited access to sophisticated spraying equipment.

The preference for liquid glyphosate is indicative of broader trends in agricultural practices that prioritize ease of use and efficiency. However, the importance of dry forms cannot be overlooked, as they provide critical options for different environmental conditions and application requirements. The development of new formulations and technologies in both liquid and dry forms is likely to continue, driven by the need for more adaptable and environmentally friendly weed management solutions.

Application Analysis

Grains and Cereals dominate with 48.5% due to their extensive cultivation globally and high susceptibility to weed infestation.

In the Application segment of the Glyphosate Market, Grains and Cereals hold the largest share at 48.5%. This dominance is largely because grains and cereals, such as wheat, corn, and rice, are staple foods worldwide and are extensively cultivated. These crops are particularly susceptible to weed competition, which can significantly reduce yield if not effectively managed. Glyphosate provides a crucial means of controlling a broad spectrum of weeds in these crops, enhancing both yield and quality.

Other applications such as Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Applications also utilize glyphosate extensively. Pulses and Oilseeds benefit from glyphosate applications in managing weed populations during the critical growth phases. For Fruits and Vegetables, glyphosate is used in pre-planting weed control to prepare fields for cultivation. Commercial seeds, including cotton and sugarcane, use glyphosate for its effectiveness in large-scale farms where manual weed control is impractical.

These diverse applications demonstrate the versatility of glyphosate as a herbicide across different agricultural sectors. The increasing demand in these segments highlights the ongoing need for effective weed control solutions that support high productivity and sustainable agricultural practices. As the global demand for food continues to grow, the role of glyphosate in supporting diverse agricultural needs is expected to remain strong, driving further innovations in herbicide development and application techniques.

By Category

• GMO
• Conventional

By Product Form

• Liquid
• Dry

By Application

• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Commercial Crops
• Other Applications

Growth Opportunities

Emerging Markets in Developing Countries Offer Growth Opportunity

The transition from subsistence to commercial agriculture in developing countries like India, Brazil, and China creates a robust opportunity for the expansion of the glyphosate market. As these nations ramp up agricultural production to meet increasing food demands, the reliance on efficient and effective agricultural inputs, including herbicides like glyphosate, intensifies.

Brazil, a leading agricultural powerhouse, has seen its soybean production soar to a record 135.4 million tons in the 2020/21 season, largely supported by glyphosate-resistant crop varieties. This growth underscores the critical role of glyphosate in supporting large-scale agricultural operations and highlights its potential for increased adoption in other rapidly developing agricultural markets. As these markets continue to grow, the demand for glyphosate is expected to rise, offering significant sales potential for producers of this herbicide.

Development of Glyphosate-Based Bioherbicides Offers Growth Opportunity

Amid growing environmental and health concerns associated with synthetic herbicides, the development of glyphosate-based bioherbicides represents a promising growth opportunity. These innovative formulations combine glyphosate with natural compounds, such as citrus essential oils, to enhance weed control effectiveness while potentially reducing the environmental footprint.

Research from the University of Cordoba demonstrates that this combination can reduce the use of glyphosate by up to 50%, maintaining its efficacy in controlling weeds. This approach not only aligns with the increasing regulatory pressures and consumer demand for more smart agriculture practices but also opens new market segments for glyphosate products. By integrating natural ingredients, manufacturers can appeal to a broader base of environmentally conscious consumers, expanding their market presence and driving growth in the herbicide sector.

Trending Factors

Demand for Sustainable Formulations Are Trending Factors

The trend towards sustainable and environmentally friendly glyphosate formulations is driving market growth. This includes innovations such as biodegradable adjuvants, lower-toxicity surfactants, and controlled-release formulations that reduce leaching. Bayer’s XtendiMax herbicide with VaporGrip Technology, for example, claims to reduce volatility and off-target movement, addressing key environmental concerns while maintaining glyphosate’s effectiveness.

These advancements appeal to environmentally conscious consumers and regulatory bodies, promoting wider acceptance and use. As sustainability becomes a priority, the development of greener glyphosate formulations is expected to expand the market, attracting both traditional and new users who seek effective yet eco-friendly solutions.

Rise of Glyphosate-Tolerant Weeds Are Trending Factors

The rise of glyphosate-tolerant weeds is a significant factor influencing the glyphosate market. The overuse of glyphosate has led to the evolution of glyphosate-resistant weeds, with 48 weed species globally developing resistance as of 2020 (International Survey of Herbicide Resistant Weeds).

This challenge is paradoxically driving market growth as it spurs research into higher-potency glyphosate formulations and combination products that include other herbicides. These new formulations aim to overcome resistance and enhance effectiveness. The need to combat resistant weeds is pushing innovation and expanding the market, ensuring glyphosate remains a vital tool in weed management strategies.

Regional Analysis

Headline: APAC Dominates with 38.5% Market Share in the Glyphosate Market

APAC’s prominent 38.5% market share in the glyphosate market, valued at USD 3.8 billion, is primarily driven by extensive agricultural activities in the region. Large-scale farming in countries like China and India, coupled with the increasing adoption of genetically modified (GM) crops that are glyphosate-tolerant, significantly boosts demand. The region’s emphasis on agricultural productivity to support its large population also encourages the widespread use of efficient and cost-effective herbicides like glyphosate.

The agricultural landscape in APAC, characterized by a mix of small-scale and large-scale farming, requires robust solutions for weed control, which glyphosate provides effectively. Additionally, the region’s diverse climate conditions necessitate the use of adaptable and resilient agricultural inputs. Local production facilities in APAC reduce costs and supply chain complexities, further enhancing market growth.

Regional Market Share Analysis:

• North America: Captures about 27.8% of the global market. The region’s extensive use of GM crops and advanced agricultural practices underline the strong demand for glyphosate, especially in the U.S.
• Europe: Holds 19.7% of the market. Europe’s market dynamics are influenced by stricter regulatory controls on chemical use in agriculture, impacting glyphosate usage but maintaining steady demand for non-agricultural applications.
• Middle East & Africa: This region has a market share of 4.4%. Growth is relatively slow but steady, fueled by increasing agricultural activities and the need for cost-effective herbicidal solutions.
• Latin America: With a significant 27.6% of the market share, Latin America, particularly Brazil and Argentina, sees high glyphosate usage due to the dominance of GM crops and expansive agricultural sectors.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The Glyphosate Market is dominated by several influential companies. Bayer Cropscience AG and Adama Agricultural Solutions Ltd are prominent due to their extensive research and development efforts. UPL Limited and FMC Corporation leverage their vast distribution networks and diversified product portfolios to maintain strong market positions.

Nufarm Limited and DuPont focus on innovation and sustainable practices, enhancing their market influence. Syngenta AG International and Dow AgroSciences invest significantly in advanced technologies and strategic partnerships to expand their market reach.

Monsanto, as a key player, drives market growth through continuous product development and strong customer relationships. These companies collectively impact the market by ensuring a reliable supply of high-quality glyphosate, addressing global agricultural needs.

Their strategic positioning, robust supply chains, and commitment to sustainability contribute to market stability and growth. By setting industry benchmarks and leading technological advancements, these companies shape market trends and ensure a steady supply of glyphosate worldwide.

Market Key Players

• Bayer Cropscience AG
• Adama Agricultural Solutions Ltd
• UPL Limited
• FMC Corporation
• Nufarm Limited
• DuPont
• Syngenta AG International
• Dow AgroSciences
• Monsanto
• Other Key Players

Recent Developments

• March 2024: Bayer is developing an alternative to the controversial herbicide glyphosate, expected to hit the market by 2028. The new substance is undergoing plant testing and aims to have a favorable safety and sustainability profile, aligning with Bayer’s goals to reduce environmental impact by 30% by 2030.
• January 2023: Dow AgroSciences experienced a downturn in glyphosate sales, reporting revenue of approximately $290 million, a decrease from December 2022’s $320 million. This decline was influenced by reduced demand in major agricultural markets and inventory adjustments by distributors.

Report Scope