Glyphosate Market - Global Industry Analysis, Size, Share, Growth,
Trends And Forecast, 2013 - 2019
Glyphosate
is a broad-spectrum systemic herbicide used to kill weeds particularly fast
growing grasses and broadleaf weeds which are grown with commercial crops
across the world. By volume, glyphosate is one of the most widely used
herbicides worldwide. It is commonly used in horticulture, viticulture,
agriculture, silviculture and in garden maintenance. Glyphosate is also used to
curb unwanted aquatic vegetation and to clear railroad tracks.
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One
of the major factor influencing the demand for glyphosate is the lack of a
viable substitute to glyphosate herbicides. Another reason is the growing
adoption or planting of genetically modified crops and increased use of no-till
and minimum-till systems in agriculture. This is an outcome of the continuosly
growing world population and the rising demands for food consumption. In
addition, the sources of non-renewable energy are on the verge of complete
depletion, therefore there is an expected increase in bio-fuel projects
worldwide which will drive the global glyphosate market.
Growing
weed resistance to glyphosate serves as a constraint with its increasing use in
agriculture industry. While glyphosate has been approved by regulatory bodies
worldwide and is widely used, concerns about its effects on humans and the
environment persist. China has the largest installed capacity for glyphosate
manufacturing and also dominates the global glyphosate market in terms of
consumption. Asia Pacific dominates the demand for glyphosate followed by North
America and Europe.
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Some
of the key players in manufacturing of glyphosate include E. I. du Pont de
Nemours and Company, Monsanto Company, Shandong Weifang Rainbow Chemical,
Syngenta AG, Anhui Huaxing Chemical Industry Co. Ltd and Zhejiang Wynca
Chemical Group Ltd. among others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
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