Drivers of Glyphosate Market growth including regional trends, factors driving multiple segments of companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.
Global Glyphosate Market is slated to grow exponentially over the years ahead pertaining to the huge product demand for fulfilling the escalating food requirement. With the rising population across the globe, the demand for food has also been multiplying. Farmers are giving preference to glyphosate on a large scale, since it has the capability to enhance land fertility and crop yield, which will further impel the industry growth.
Introduction of technologically advanced crops such as genetically modified produces will further influence glyphosate industry trends favorably. According to Global Market Insights, Inc., “Worldwide glyphosate market will exceed a revenue generation of USD 6 billion by 2024 with an annual growth rate of 5% over 2016-2024.”
Reasons to Buy This Report:
1. Glyphosate Market size & share forecast by product & application 2016-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Glyphosate Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Glyphosate Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
Genetically modified (GM) crops and conventional crops are the important applications of glyphosate industry. Glyphosate market from GM crops will generate substantial revenue with an annual growth rate of more than 6% over 2016 to 2024. The product is likely to witness significant demand owing to its excellent disease resistance capability and high yield.
Conventional crops dominated the overall glyphosate market by accounting for 55% of the revenue share in 2015 and will collect considerable revenue by 2024. Availability of the product at affordable prices along with the presence of fewer technologically advanced farming techniques will impel the product demand.
Considering the regional landscape, Asia Pacific glyphosate market covered 35% of the overall regional share in 2015 and will generate considerable revenue by 2024. The presence of a large agriculture base will be a major factor fueling the business across this region. India and China will be the prominent revenue contributors. Moreover, ample availability of natural resources along with the presence of cultivable land will fuel the product demand.
Europe glyphosate industry covered over 15% of the regional revenue in 2015 and will exhibit significant CAGR over the years ahead. Implementation of strict governmental norms about the usage of agrochemicals will enhance the market growth.
In North America, U.S. glyphosate market generated a revenue of USD 450 million in 2015 and will register a notable CAGR over the coming seven years. It has been observed that farmers across this region are giving preference to genetically modified crops. Increasing awareness about the benefits of the agrochemicals will propel the regional industry growth.
The noteworthy participants in glyphosate market are Monsanto Company, Dow AgroSciences LLC, Syngenta AG, E. I. du Pont de Nemours & Company, Nantong Jiangshan Agrochemical & Chemical Co.,Ltd., BASF, Bayer CropScience Ltd., Nufarm Limited, and SinoHarvest Corporation.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.