Global Glyphosate Market Value to Cross USD 9.9 Bn by 2022, Expects M&M in Its New Topical Study Recently Added at MarketPublishers.com
27 Feb 2017 • by Natalie Aster
LONDON – In the year 2015, the value of the world’s market for glyphosate stood at around USD 6.51 billion. The market value is poised to increase at a 6.32% CAGR in the next 5 years to exceed USD 9.9 billion by the year 2022. Key market growth drivers include commercialization of genetically modified herbicide tolerant crops.
Glyphosate market in South America is predicted to see the fastest growth through 2022 owing to rising adoption of genetically engineered crops in countries of the region, especially in Argentina and Brazil. Furthermore, the highest growth rates are likely to be registered in the APAC region owing to adoption of advanced crop protection technologies.
The ban on the production of GM crops in some European countries is recognized as the major restraint of the further market growth.
Liquid form sector took dominance in the overall glyphosate market in 2015. Liquid glyphosate is preferred over dry glyphosate due to its cost effectiveness, easy foliar and spray application, longer shelf life, amid other benefits.
New topical study “Glyphosate Market by Crop Type, Form, Application, and Region - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) offers a detailed analysis of the current scenario of the glyphosate market at different geographical levels. It presents a granular analysis of the market segmentation and dynamics, uncovers top-level data on the market growth influencing factors and size (value and volume), estimates the market shares and discloses historical and projected growth rates. This publication delves into the competitive landscape, profiles leading players, discusses prevailing and emerging trends, touches upon the recent developments of the glyphosate industry worldwide and also gives access to a comprehensive future outlook for the glyphosate market through 2022.
Other in-demand research publications prepared by this publisher can be found in the MarketsandMarkets catalogue at MarketPublishers.com.