According to the research report titled ‘Global Glyphosate Market Size study, by Application (Conventional Crops, GM Crop) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global glyphosate market was valued at approximately USD 4.44 billion in 2020 and is anticipated exhibit 2.4% CAGR over 2021-2027, amassing USD 5.24 billion by the forecast period-end.
 

As per the findings of the report, inflating population, subsequent spike in consumption, and growing demand for genetically modified (GM) crops are prime factors contributing to global glyphosate market growth. Moreover, technological advancements and growing use of glyphosate in fruits and vegetables is accelerating the industry development.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4219671/
 

For the uninitiated, glyphosate is an artificial particle that is widely employed in the cultivation of hybrid crops like cotton, corn, soybeans, and sugar beets, among others.
 

According to Statista, worldwide cotton production is expected to rise from 122 million bales in 2020 to 218.6 million bales by the end of 2021, implying an augmented demand for glyphosate in the forthcoming years.
 

Speaking of restraints, impact of COVID-19 pandemic on glyphosate supplies and a surge in weed resistance may hinder the industry growth over the forecast period.
 

Considering regional aspect, the major geographies highlighted in global glyphosate market report are North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil).
 

Asia Pacific is a prominent region in terms of market share, mainly due to increasing demand for GM (genetically modified) crops. Whereas, North America market size is expected to expand at a significant rate during analysis period owing to presence of well-established companies in the region.
 

Elaborating the competitive landscape, Nufarm Ltd., Adama Agricultural Solutions Ltd., India Pesticides Limited, BASF SE, Bayer Cropscience AG, UPL Limited, Monsanto Company, Dow AgroSciences Chemicals Company, and Syngenta Agrochemical Company are the leading contenders in global glyphosate industry.
 

By elucidating the aforementioned companies, the report recommends multiple strategies to help stakeholders in bringing down their costs, developing contingency plans, and subsequently amplifying profit margins.