Glyphosate, a widely-used herbicide, finds application in agriculture to control weeds and increase crop yield. In the Asia-Pacific region, China dominates the glyphosate market due to significant industry players such as Sinochem, ChemChina, and Jiangsu Yangnong. These companies drive production, meeting domestic and international demand. Glyphosate's versatility in various crops makes it a vital tool for weed management, ensuring efficient agricultural practices. China's dominant position is a result of both production capacity and access to a broad customer base.
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Data Bridge Market Research analyses that the Asia-Pacific Glyphosate Market is growing with a CAGR of 6.1% in the forecast period of 2022 to 2029. The market was valued at USD 11,977.24 million in 2021 and is expected to reach USD 19,234.45 million by 2029. In the glyphosate market, efforts to reduce the environmental impact of herbicide use have gained prominence. This includes developing more eco-friendly formulations and promoting responsible application practices to minimize glyphosate's effects on ecosystems and water sources.
Key Findings of the Study
Government regulations are expected to drive the market's growth rate
Compliance with regulations and safety standards is paramount in the glyphosate market. Governments and environmental agencies worldwide impose strict guidelines on glyphosate production and use to ensure human and environmental safety. Meeting these standards is crucial for market players as non-compliance can result in legal consequences and damage to reputation. Adherence to these regulations maintains product integrity, enhances consumer confidence, and supports glyphosate's sustainable and responsible use in agriculture and other applications.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Glyphosate Salts and Glyphosate Acids), Form (Dry and Liquid), Function (Weed Management Solution, Improve Soil Health, Improved Planting Efficiency, and Others), Color (White And Colorless), Shelf Life (Less Than 1 Years, 1 Year, 2 Years, 3 Years and More Than 3 Years), Crop Application (Oil Seeds, Pulses, Cereals and Grains, Fruits, Vegetables, Horticulture, and Turn and Ornaments), Distribution Channel (Direct and Indirect)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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Market Players Covered
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SinoHarvest (China),Syngenta (Switzerland), AgroStar (India), Novus Biologicals (U.S.), Bayer AG (Germany), Nufarm (Australia), UPL (India), ADAMA (Israel), OCI COMPANY Ltd. (South Korea), Excel Crop Care Ltd. (India), Merck KGaA (Germany), BASF SE (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific glyphosate market is categorized based on type, form, function, color, shelf life, crop application, and distribution channel.
- On the basis of type, the Asia-Pacific glyphosate market is classified into two segments glyphosate salts and glyphosate acids.
- On the basis of form, the Asia-Pacific glyphosate market is classified into two segments dry and liquid.
- On the basis of function, the Asia-Pacific glyphosate market is classified into four segments weed management solutions, improved soil health, improved planting efficiency, and others.
- On the basis of color, the Asia-Pacific glyphosate market is classified into three segments white and colorless.
- On the basis of shelf life, the Asia-Pacific glyphosate market is classified into five segments less than 1 year, 1 year, 2 years, 3 years, and more than 3 years.
- On the basis of crop application, the Asia-Pacific glyphosate market is classified into oil seeds, pulses, cereals and grains, fruits, vegetables, horticulture, and turn and ornaments.
- On the basis of distribution channel, the Asia-Pacific glyphosate market is classified into direct, and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the Asia-Pacific glyphosate market players Asia-Pacific glyphosate market are SinoHarvest (China),Syngenta (Switzerland), AgroStar (India), Novus Biologicals (U.S.), Bayer AG (Germany), Nufarm (Australia), UPL (India), ADAMA (Israel), OCI COMPANY Ltd. (South Korea).
Market Developments
- In August 2022, BASF and Corteva Agriscience initiated a collaborative effort to create advanced weed control solutions for global soybean farmers. This partnership includes cross-licensing soybean traits and the development of complementary herbicide technologies, including glyphosate tolerance. By combining their expertise, the companies aim to provide innovative and comprehensive soybean weed management solutions, enhancing agricultural productivity while addressing weed control challenges.
- In January 2021, Syngenta introduced Kesuda, a glyphosate product with the isopropylamine salt of N-glycine at 41%, in the Chinese market. This innovative product addresses typical issues associated with conventional glyphosate, such as instability at low temperatures, slow weed death, and incomplete weeding. Kesuda exhibits remarkable low-temperature resistance and delivers superior weeding results compared to existing market offerings, marking a significant advancement in weed control technology.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific glyphosate market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
As per Data Bridge Market Research analysis:
China is the dominant region in Asia-Pacific glyphosate market during the forecast period 2022-2029
China's dominance in the Asia-Pacific glyphosate market is attributed to the strong presence of key market players. Chinese manufacturers are among the world's largest glyphosate producers, contributing significantly to the country's market share and revenue. Additionally, China's cost-effective production and supply chain capabilities further solidify its leadership in the glyphosate market, making it a dominant force in this agricultural chemical sector.
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