Glyphosate Market Size, Share & Trends Analysis Report By Crop Type (Genetically Modified Crop, Conventional Crop), By Application (Agriculture, Household, Industrial, Others), By Function (Weed Management Solution, Improve Soil Health, Improved Planting Efficiency, Others), By Region, And By Segment Forecasts, 2025-2034

Global Glyphosate Market Size is valued at USD 8.9 Bn in 2024 and is predicted to reach USD 12.4 Bn by the year 2034 at a 3.5% CAGR during the forecast period for 2025-2034.

Glyphosate is a class of herbicide effective against grasses, weeds, and fungi/spore diseases. It is effective at eliminating seasonal plant weeds and grasses that pose a threat to agricultural yields. Over the forecast period, the global glyphosate market is expected to expand due to rising glyphosate use in agricultural and non-agricultural settings, rising demand for high-value crops, and rising acceptance and popularity of genetically modified crops like cotton and soybean.

In addition, farmers' increasing approval of herbicide-tolerance technology for conventionally grown produce and the rising adoption of glyphosate are anticipated to fuel market expansion further. In addition, the cheap economic cost and low environmental degradation are expected to have favourable effects on the glyphosate market in the next years. However, due to the negative impact glyphosate has on human health and the environment, the government has placed severe regulations on its use.

However, with the development of glyphosate-resistant strains in the coming years, weeds are predicted to slow the expansion of the glyphosate business. The widespread application of chemical pesticides has prompted new worries about their effects on the natural world. In addition, the demand for glyphosate was high before the spread of COVID-19. Due to a shortage of workers, mass production shutdowns, and supply chain disruptions, many manufacturers halted operations, leading to a corresponding increase in demand for glyphosate products and the rising need for eco-friendly strategies.

Competitive Landscape

Some Major Key Players In The Glyphosate Market:

• Adama Agricultural Solutions Ltd
• American Vanguard Corporation
• Anhui Huaxing Chemical Industry Company
• BASF SE
• Bayer Cropscience AG
• Corteva Agriscience 
• Dow AgroSciences Australia Ltd.
• E.I. Du Pont De Nemours & Company
• Excel Crop Care Limited
• HPM Chemicals & Fertilizers Ltd.
• Indofil Industries Ltd.
• Jiangsu Good Harvest-Weien Agrochemical Co., Ltd
• King Quenson Industry Group
• Monsanto Company
• Nantong Jiangshan Agrochemical & Chemical, Inc.
• Nufarm Ltd.
• Sikko Industries Ltd
• Sinochem Corporation
• SinoHarvest
• Syngenta AG
• UPL Limited
• Zhejiang Xinan Chemical Industrial Group Company, Ltd

Market Segmentation:

The glyphosate market is segmented based on crop type, application, and function. According to crop type, the market is segmented into genetically modified crops and conventional crops. The application segment includes agriculture, household, industrial and others. By function, the market is segmented into weed management solutions, improved soil health, improved planting efficiency, and others.

As Per The Crop Type Segment, The Genetically Modified Crop Glyphosate Market Segment Is Accounted As A Major Contributor To The Glyphosate Market.

The genetically modified crop glyphosate category is expected to record a major global market share in 2022. Crops bred to be resistant to herbicides like glyphosate provide farmers additional options for when to spray for weeds and make weed control easier overall. Beets, maize, soybeans, sugar canola, cotton, and wheat are only some examples of genetically modified crop varieties that are resistant to glyphosate.

Weed Management Solution Segment To Witness Growth At A Rapid Rate.

The weed management solution segment is projected to grow rapidly in the global Glyphosate market. Preventing annual weeds from going to seed is an effective way to keep the soil's seed bank from being restocked with new weeds. Preemergence and postemergence pesticide applications during crop growth can reduce weeds and prevent weed seed formation, especially in countries like the US, Germany, the UK, China, and India.

In The Region, The Asia Pacific Glyphosate Market Holds A Significant Revenue Share.

The Asia Pacific glyphosate market activity is anticipated to record the largest market share in revenue in the near future. It can be attributed to enhanced crop protection technology adoption and increased public knowledge about the herbicide glyphosate. The market's growth is expected to continue during the projected period because of the increased spending on glyphosate chemical pesticide initiatives. In addition, Europe is estimated to grow rapidly in the global glyphosate market due to the increasing popularity of herbicide-tolerant hybrids and the widespread use of GM crops like pumpkin, potato, sugar beet, and papaya in this region. 

Recent Developments:

• In March 2022, BASF and Corteva Agriscience agreed to cross-license soybean traits and develop complementary herbicide technologies (including glyphosate tolerance) to enable both companies to offer novel soybean weed management solutions to farmers around the world.

Glyphosate Market Report Scope