Summary

The global glyphosate market, valued at approximately USD 6.32 billion in 2024, is poised to reach around USD 8.31 billion by 2031, growing at a steady CAGR of 4.0% during the forecast period. Glyphosate, a widely used herbicide, plays a crucial role in modern agriculture, forestry, lawn care, and various industrial applications. The market is experiencing a surge in demand due to the increasing adoption of modern agricultural practices and genetically modified (GMO) crops, alongside growth in other sectors that benefit from herbicide utility. However, regional regulatory challenges may temper its growth in certain areas.

The glyphosate market’s growth is primarily driven by modern agricultural practices, especially in developing regions where food production demands are rapidly rising due to population growth. Farmers worldwide are adopting advanced methods to maximize crop yields, which has fueled glyphosate use in weed and grass management. This demand is especially strong in emerging economies where GMO crops are gaining popularity for their resilience and ability to increase yields within shorter cycles.

Key Drivers

1.Modern Agricultural Practices: Rising food demand has led to an increase in modern farming practices. Glyphosate helps protect crops from invasive weeds, optimizing output and profit for farmers.

2.GMO Crops Demand: Genetically modified crops are on the rise, especially in developing regions like East Asia and South Asia. These crops, resistant to glyphosate, allow farmers to use herbicides without damaging the plants. This trend supports glyphosate demand.

3.Herbicide Utility: Glyphosate’s versatile applications across agriculture, forestry, and even urban landscapes create significant growth opportunities. Its extensive use in lawn care, garden maintenance, and weed control in playgrounds and other public areas enhances its market potential.

4.Innovations and Quality Standards: Key manufacturers are focused on producing international-standard glyphosate while advancing research to develop innovative and efficient solutions for weed management.

Business Opportunities

The glyphosate market presents ample opportunities for growth in several regions, despite challenges in North America and Western Europe. In response to growing demand, manufacturers are expanding production capabilities and distribution networks to ensure product availability for different end-use industries globally. Additionally, governments in various regions are encouraging GMO use for landscaping and greenery projects, further stimulating glyphosate’s market demand.

Challenges

The market faces potential constraints due to stringent regulatory frameworks in North America and Western Europe. In the United States, multiple lawsuits have been filed against Monsanto, with allegations linking glyphosate-based products like Roundup to non-Hodgkin lymphoma. Similarly, the International Agency for Research on Cancer has raised concerns over glyphosate’s carcinogenic effects. Consequently, certain governments have imposed usage restrictions, and some are considering outright bans, impacting the market’s growth trajectory in these regions.

Regional Insights

1.Italy: In Europe, Italy’s glyphosate market is valued at approximately USD 48.9 million as of 2023. The market is expected to grow at a steady CAGR of 2.0%, driven by increasing glyphosate adoption within the agricultural sector.

2.Mexico: The glyphosate market in Mexico is set to register a CAGR of 3.5%, spurred by the expanding horticulture industry and demand for liquid glyphosate in crop protection. Latin America, in general, exhibits robust demand due to its agricultural prominence.

Category Insights

1.Product Type: The glyphosate market is segmented into liquid and granular forms. Granular glyphosate, a cost-effective option, is gaining popularity and is projected to grow at a 4.8% CAGR in terms of value. The granules’ affordability compared to liquid options enhances their appeal across various applications.

2.End-Use Industry: Cereals and grains dominate the glyphosate market, representing a 27.8% share. This segment’s growth is driven by rising herbicide demand to protect crops from invasive weeds. Other significant sectors include fruits and vegetables, pulses, roots, and tubers.

Competitive Analysis

Global players in the glyphosate market, such as DowDuPont, BASF.SE, Bayer, and Nufarm, focus on delivering advanced, cost-effective crop protection solutions. To meet increasing demand, these companies are enhancing their distribution networks for improved glyphosate availability. Local players also strive to strengthen their domestic and export capacities, thereby broadening their global reach. Additionally, industry leaders are expanding production facilities and investing in research to innovate and address the evolving needs of the agriculture industry.

Key Players in the Market

•DowDuPont

•Nufarm

•BASF.SE

•UPL Ltd

•HELM AG

•Bayer

•Rolfes Agri

•Wynca Group

•ADAMA Ltd

•Albaugh LLC

•GOOD HARVEST

•ENVIRO Bio Chem

•Drexel Chemical

•ECOGAURD

•Bharat Group

•Crystal Crop Protection Limited

•Aristo Biotech

•HPM Chemicals & Fertilizers Ltd

•Kalyani Industries Ltd

•Crop Chemicals India Ltd.

Glyphosate Market Segmentation

By Product Type:

•Liquid

•Granules

By End Use:

•Cereals & Grains

•Fruits & Vegetables

•Pulses

•Roots & Tubers

•Others

By Region:

•North America

•Latin America

•Europe

•South Asia & Pacific

•East Asia

•Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Glyphosate Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. Global Average Price Analysis by Product Type, 2019 - 2023
3.2. Prominent Factor Affecting Glyphosate Prices
3.3. Global Average Price Analysis by Region
4. Global Glyphosate Market Outlook, 2019 - 2031
4.1. Global Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Liquid
4.1.1.2. Granules
4.2. Global Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Cereals & Grains
4.2.1.2. Fruits & Vegetables
4.2.1.3. Pulses
4.2.1.4. Roots & Tubers
4.2.1.5. Others
4.3. Global Glyphosate Market Outlook, by Region, Value (US$ Bn) and Volume (MT), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
5. North America Glyphosate Market Outlook, 2019 - 2031
5.1. North America Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Liquid
5.1.1.2. Granules
5.2. North America Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Cereals & Grains
5.2.1.2. Fruits & Vegetables
5.2.1.3. Pulses
5.2.1.4. Roots & Tubers
5.2.1.5. Others
5.2.2. Attractiveness Analysis
5.3. North America Glyphosate Market Outlook, by Country, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. U.S. Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.3.1.2. U.S. Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.3.1.3. Canada Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
5.3.1.4. Canada Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6. Europe Glyphosate Market Outlook, 2019 - 2031
6.1. Europe Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Liquid
6.1.1.2. Granules
6.2. Europe Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Cereals & Grains
6.2.1.2. Fruits & Vegetables
6.2.1.3. Pulses
6.2.1.4. Roots & Tubers
6.2.1.5. Others
6.2.2. Attractiveness Analysis
6.3. Europe Glyphosate Market Outlook, by Country, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Germany Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.2. Germany Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.3. U.K. Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.4. U.K. Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.5. France Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.6. France Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.7. Italy Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.8. Italy Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.9. Turkey Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.10. Turkey Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.11. Russia Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.12. Russia Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.13. Rest of Europe Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
6.3.1.14. Rest of Europe Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7. Asia Pacific Glyphosate Market Outlook, 2019 - 2031
7.1. Asia Pacific Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Liquid
7.1.1.2. Granules
7.2. Asia Pacific Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Cereals & Grains
7.2.1.2. Fruits & Vegetables
7.2.1.3. Pulses
7.2.1.4. Roots & Tubers
7.2.1.5. Others
7.2.2. Attractiveness Analysis
7.3. Asia Pacific Glyphosate Market Outlook, by Country, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. China Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.2. China Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.3. Japan Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.4. Japan Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.5. South Korea Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.6. South Korea Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.7. India Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.8. India Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.9. Southeast Asia Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.10. Southeast Asia Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.11. Rest of Asia Pacific Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
7.3.1.12. Rest of Asia Pacific Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
8. Latin America Glyphosate Market Outlook, 2019 - 2031
8.1. Latin America Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Liquid
8.1.1.2. Granules
8.2. Latin America Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Cereals & Grains
8.2.1.2. Fruits & Vegetables
8.2.1.3. Pulses
8.2.1.4. Roots & Tubers
8.2.1.5. Others
8.2.2. Attractiveness Analysis
8.3. Latin America Glyphosate Market Outlook, by Country, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Brazil Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.2. Brazil Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.3. Mexico Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.4. Mexico Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.5. Argentina Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.6. Argentina Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.7. Rest of Latin America Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
8.3.1.8. Rest of Latin America Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9. Middle East & Africa Glyphosate Market Outlook, 2019 - 2031
9.1. Middle East & Africa Glyphosate Market Outlook, by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.1.1. Key Highlights
9.1.1.1. Liquid
9.1.1.2. Granules
9.2. Middle East & Africa Glyphosate Market Outlook, by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.2.1. Key Highlights
9.2.1.1. Cereals & Grains
9.2.1.2. Fruits & Vegetables
9.2.1.3. Pulses
9.2.1.4. Roots & Tubers
9.2.1.5. Others
9.2.2. Attractiveness Analysis
9.3. Middle East & Africa Glyphosate Market Outlook, by Country, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1. Key Highlights
9.3.1.1. GCC Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.2. GCC Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.3. South Africa Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.4. South Africa Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.5. Egypt Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.6. Egypt Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.7. Nigeria Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.8. Nigeria Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.9. Rest of Middle East & Africa Glyphosate Market by Product Type, Value (US$ Bn) and Volume (MT), 2019 - 2031
9.3.1.10. Rest of Middle East & Africa Glyphosate Market by End - use, Value (US$ Bn) and Volume (MT), 2019 - 2031
10. Competitive Landscape
10.1. By Product Type vs by End - use Heatmap
10.2. Company Market Share Analysis, 2024
10.3. Competitive Dashboard
10.4. Company Profiles
10.4.1. DowDuPont
10.4.1.1. Company Overview
10.4.1.2. Product Portfolio
10.4.1.3. Financial Overview
10.4.1.4. Business Strategies and Development
10.4.2. Nufarm
10.4.2.1. Company Overview
10.4.2.2. Product Portfolio
10.4.2.3. Financial Overview
10.4.2.4. Business Strategies and Development
10.4.3. BASF.SE
10.4.3.1. Company Overview
10.4.3.2. Product Portfolio
10.4.3.3. Financial Overview
10.4.3.4. Business Strategies and Development
10.4.4. UPL Ltd
10.4.4.1. Company Overview
10.4.4.2. Product Portfolio
10.4.4.3. Financial Overview
10.4.4.4. Business Strategies and Development
10.4.5. HELM AG
10.4.5.1. Company Overview
10.4.5.2. Product Portfolio
10.4.5.3. Financial Overview
10.4.5.4. Business Strategies and Development
10.4.6. Bayer
10.4.6.1. Company Overview
10.4.6.2. Product Portfolio
10.4.6.3. Financial Overview
10.4.6.4. Business Strategies and Development
10.4.7. Rolfes Agri
10.4.7.1. Company Overview
10.4.7.2. Product Portfolio
10.4.7.3. Financial Overview
10.4.7.4. Business Strategies and Development
10.4.8. Wynca Group
10.4.8.1. Company Overview
10.4.8.2. Product Portfolio
10.4.8.3. Financial Overview
10.4.8.4. Business Strategies and Development
10.4.9. ADAMA Ltd
10.4.9.1. Company Overview
10.4.9.2. Product Portfolio
10.4.9.3. Financial Overview
10.4.9.4. Business Strategies and Development
10.4.10. Albaugh LLC
10.4.10.1. Company Overview
10.4.10.2. Product Portfolio
10.4.10.3. Financial Overview
10.4.10.4. Business Strategies and Development
10.4.11. GOOD HARVEST
10.4.11.1. Company Overview
10.4.11.2. Product Portfolio
10.4.11.3. Financial Overview
10.4.11.4. Business Strategies and Development
10.4.12. ENVIRO Bio Chem
10.4.12.1. Company Overview
10.4.12.2. Product Portfolio
10.4.12.3. Financial Overview
10.4.12.4. Business Strategies and Development
10.4.13. Drexel Chemical
10.4.13.1. Company Overview
10.4.13.2. Product Portfolio
10.4.13.3. Financial Overview
10.4.13.4. Business Strategies and Development
10.4.14. ECOGAURD
10.4.14.1. Company Overview
10.4.14.2. Product Portfolio
10.4.14.3. Financial Overview
10.4.14.4. Business Strategies and Development
10.4.14.5. Company Overview
10.4.14.6. Product Portfolio
10.4.14.7. Financial Overview
10.4.14.8. Business Strategies and Development
10.4.15. Bharat Group
10.4.15.1. Company Overview
10.4.15.2. Product Portfolio
10.4.15.3. Financial Overview
10.4.15.4. Business Strategies and Development
10.4.16. Crystal Crop Protection Limited
10.4.16.1. Company Overview
10.4.16.2. Product Portfolio
10.4.16.3. Financial Overview
10.4.16.4. Business Strategies and Development
10.4.17. Aristo Biotech
10.4.17.1. Company Overview
10.4.17.2. Product Portfolio
10.4.17.3. Financial Overview
10.4.17.4. Business Strategies and Development
10.4.18. HPM Chemicals & Fertilizers Ltd
10.4.18.1. Company Overview
10.4.18.2. Product Portfolio
10.4.18.3. Financial Overview
10.4.18.4. Business Strategies and Development
10.4.19. Kalyani Industries Ltd
10.4.19.1. Company Overview
10.4.19.2. Product Portfolio
10.4.19.3. Financial Overview
10.4.19.4. Business Strategies and Development
10.4.20. Crop Chemicals India Ltd.
10.4.20.1. Company Overview
10.4.20.2. Product Portfolio
10.4.20.3. Financial Overview
10.4.20.4. Business Strategies and Development
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations