Asia-Pacific Glyphosate Market, By 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 & Grains, Fruits, Vegetables, Horticulture, and Turn & Ornaments), Distribution Channel (Direct and Indirect), Industry Trends And Forecast to 2029.
Asia-Pacific Glyphosate Market Analysis and Insights
The Asia-Pacific glyphosate market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% in the forecast period of 2022 to 2029 and is expected to reach USD 19,234.45 million by 2029. The major factor driving the growth of the glyphosate market is the rise in the agricultural sector, rising adoption of integrated weed management, growing commercialization of high-value crops, and increase in the agricultural and non-agricultural applications of glyphosate.
The increase in the agricultural and non-agricultural applications of glyphosate across the globe is one of the major factors driving the growth of the glyphosate market. The use of glyphosate to kill weeds such as chickweed, barnyard grass, dandelion, and other weeds and the increase in the replacement of mechanical weed control in many crops accelerate the market growth. The rise in the approval of herbicide-tolerance technology for crops to grow inorganically with rapid farmer adoption, and product advantages over mechanical tillage systems, such as low cost, less soil, and environmental degradation, influence the market. Additionally, a rise in demand for enhanced quality crops and the expansion of the agriculture sector positively affect the glyphosate market.
The Asia-Pacific glyphosate market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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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 2019 - 2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By 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 & Grains, Fruits, Vegetables, Horticulture, and Turn & Ornaments), Distribution Channel (Direct and Indirect),
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Countries Covered
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Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, Rest of Asia-Pacific.
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Market Players Covered
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SinoHarvest, Syngenta, AgroStar, Novus Biologicals, Bayer AG, Nufarm, UPL, ADAMA, OCI COMPANY Ltd., Excel Crop Care Ltd., Merck KGaA, BASF SE
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Market Definition
Glyphosate is one of the most commonly used herbicides and is classified as a post-emergent, systemic herbicide, non-selective, capable of killing weeds with green foliage. These pesticides are used to prevent and control the growth of fungi and spore diseases. It is an herbicide applied to the leaves of plants to kill both broadleaf plants and grasses. It is used in agriculture and forestry, lawns and gardens, and for weeds in industrial areas. It is also used to control the growth of aquatic plants. 2 types of glyphosate are glyphosate salts and glyphosate acids. It is a weed management solution to improve soil health, planting efficiency, and others.
Asia-Pacific Glyphosate Market Dynamics
Drivers
- Rise in the agricultural sector
Agriculture plays a major role in the economic growth and development of countries. It helps development by ensuring food security and improving nutrition. Economic transformation means a country's shift in the relative contribution of its technology and sectors to its overall gross domestic product (GDP), where the agricultural sector plays a crucial role. It boosts labor productivity, increases agricultural surplus to accumulate capital, and increases foreign exchange via exports.
- Rising adoption of integrated weed management
The increasing adoption of effective and integrated weed control systems and solutions is the major factor expected to accelerate the growth of the Asia-Pacific glyphosate market in the forecast period. Glyphosate is widely gaining popularity for weed management in various land and water bodies to control the unnecessary growth of unwanted weeds. Glyphosate is extensively used in agricultural waters, canals, irrigation waters, farms, nurseries, and more.
- Growing commercialization of high value crops
High-value crops are stapled crops such as vegetables, fruits, flowers, ornamentals, condiments, and spices. These provide higher net returns per hectare to the farmer than staples or other widely grown crops. Introducing innovative practices and solutions on the farm contributes to the commercialization of the high-value crop. These systems and technologies will help farmers benefit from the ongoing agricultural transformation. Agriculture production in Asia is shifting toward high-value crops such as vegetables and fruit supported by new practices and technologies. Contract farming has the potential to benefit both farmers and contractors by allowing product specialization but requires the capacity of local government agencies to monitor and enforce contracts. Similarly, digital technologies can promote inclusive development by helping farmers in remote areas access technical and market information, but this will require better access to mobile technology. To support the ongoing agricultural transformation, agriculture policy should facilitate greater market orientation through research and development.
- Increase in the agricultural and non-agricultural applications of glyphosate
Glyphosate is an herbicide widely used and applied/sprayed in agriculture and forestry, on lawns and gardens, and for weeds in industrial areas. It kills weeds, especially annual broadleaf weeds and grasses that compete with crops. The sodium salt form of glyphosate regulates plant growth and ripens specific crops. It prevents the plants from making certain proteins to stop plant growth. This non-selective herbicide moves from the treated foliage to other plant parts, including the roots. In this way, glyphosate kills annual and perennial weeds. It is used in various crop applications such as oil seeds, pulses, cereals & grains, fruits, vegetables, and horticulture.
Opportunity
- Rise in the approval of herbicide-tolerance technology
Glyphosates are pesticides that protect against and control fungi and spore diseases. Glyphosates can control specific fungal diseases as well as those from multiple sources. Herbicide-tolerant crop hybrids are genetically modified to withstand non-selective herbicides, such as glyphosate. In order to develop tolerance to glyphosate, many research and development efforts focus on evaluating glyphosate, the most effective herbicide that can control all plants despite species. Several companies continuously conduct extensive research and launch new products in the market.
Restraints/Challenges
- Emergence of glyphosate resistant weeds
Glyphosate resistance first appeared in Lolium rigidum in an apple orchard in Australia in 1996, and the same year, the first glyphosate-resistant crop (soybean) was introduced in the U.S. There are more than thirty weed species have now evolved resistance to glyphosate, which are distributed across 37 countries and in 34 different crops and six non-crop situations. Moreover, glyphosate-resistant weeds have been identified in orchards, vineyards, plantations, cereals, and fallow and non-crop situations. Glyphosate-resistant weeds present the greatest threat to sustained weed control in major agronomic crops because this herbicide is used to control weeds with resistance to herbicides with other sites of action, and no new herbicide sites of action have been introduced for a very long time. However, the industry is responding by developing herbicide-resistance traits in major crops that allow existing herbicides to be used in a new way. But, over-reliance on these traits results in multiple-resistance in weeds.
- Stringent government regulation regarding glyphosate
The enactment of stringent regulations, especially in the Asia-Pacific region, is expected to limit the expansion of the Asia-Pacific glyphosate market. Regulatory bodies in Asia-Pacific countries follow stringent regulations on growing genetically modified crops. Their eager adoption has led to extensive usage of herbicides, thus causing the evolution of glyphosate-resistant weeds. Therefore, one factor limiting the industry is the rigorous laws regulating the use of glyphosate due to several environmental and health concerns. Overexposure to glyphosate can result in cancer and related health problems.
- Harmful impact of glyphosates on the environment and human population
Concerns regarding the hazardous effects of glyphosate on the human population and environment are projected to challenge the glyphosate market. Several environmental effects of glyphosate have been documented and recorded within terrestrial and aquatic environments and against human health. Glyphosate herbicide leakage into water bodies negatively affects aquatic organisms such as tadpoles and fish, which are killed. Aside from killing plants in the areas where glyphosate is distributed, it also kills plants in their surroundings. Whether on land or in water, the deaths of these living organisms can have adverse effects. This type of environmental impact threatens the market and challenges its growth of the market.
Recent Development
In September 2022, Merck KGaA opened a viral clearance (VC) laboratory as part of the first building phase of its new € 29 million China Biologics Testing Center. This new 5,000 square meter center is the first of its kind for Merck KGaA in China. The VC laboratory allows customers to conduct viral clearance studies locally from pre-clinical development to commercialization and will meet the double-digit demand for VC testing services in China. This will help the company to enhance its operations in the Asia-Pacific region.
Asia-Pacific Glyphosate Market Scope
The Asia-Pacific glyphosate market is categorized based on type, form, function, color, shelf life, application, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Glyphosate Salts
- Glyphosate Acids
Based on type, the Asia-Pacific glyphosate market is classified into two segments glyphosate salts and glyphosate acids.
Form
- Liquid
- Dry
Based on a form, the Asia-Pacific glyphosate market is classified into two segments dry and liquid.
Function
- Weed Management Solution
- Improve Soil Health
- Improved Planting Efficiency
- Others
Based on the function, the Asia-Pacific glyphosate market is classified into four segments weed management solutions, improved soil health, improved planting efficiency, and others.
Color
- White
- Colorless
Based on color, the Asia-Pacific glyphosate market is classified into three segments white and colorless.
Shelf Life
- More Than 3 Years
- 3 Years
- 2 Years
- 1 Year
- Less Than 1 Year
Based on 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.
Crop Application
- Cereals & Grains
- Oil Seeds
- Pulses
- Vegetables
- Fruits
- Turn & Ornaments
- Horticulture
Based on the crop application, the Asia-Pacific glyphosate market is classified into seven segments with oil seeds, pulses, cereals & grains, fruits, vegetables, horticulture, and turn & ornaments.
Distribution Channel
- Direct
- Indirect
Based on the distribution channel, the Asia-Pacific glyphosate market is classified into two segments with, direct and indirect.
Asia-Pacific Glyphosate Market Regional Analysis/Insights
The Asia-Pacific glyphosate market is segmented on the basis of type, form, function, color, shelf life, application, and distribution channel.
The countries in the Asia-Pacific glyphosate market are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific. China is dominating the Asia-Pacific glyphosate market in terms of market share and market revenue due to the strong presence of market players in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Glyphosate Market Share Analysis
Asia-Pacific glyphosate market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies focus on the Asia-Pacific glyphosate market.
Some of the prominent participants operating in the Asia-Pacific glyphosate market are SinoHarvest, Syngenta, AgroStar, Novus Biologicals, Bayer AG, Nufarm, UPL, ADAMA, OCI COMPANY Ltd., Excel Crop Care Ltd., Merck KGaA, BASF SE.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, Europe Vs. Regional and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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