Glyphosate Market Analysis, Market Size, Analysis, Trends and Forecasts, 2012 to 2020: Hexa Research

Growing population led to increasing consumption of crops is expected to drive global glyphosate market growth over the forecast period. Growing genetically modified crop demand is anticipated to bolster the global glyphosate market growth over the foreseeable future. Glyphosate is basically used in crop production. Glyphosate is a kind of herbicide used to kill weeds without damaging crops. Major glyphosate application is to prevent crops from weeds attack has grown over the recent past. Many developments have been done in glyphosate application to enhance weed resistant characteristics. The product helps farmers to reduce the degree of labor requirement in crop cultivation are anticipated to fuel the global glyphosate market growth over the next eight years. Glyphosate usage for long years has developed immunity in weeds which is projected to hamper the global glyphosate market growth over the foreseen period. Glyphosate toxicity is the key factor which is expected to affect the global glyphosate market negatively owing to stringent regulations and bans in various countries. The product is useful for growing plants but cannot be used for pre-emergence weeds which may have a negative impact on global glyphosate market. Glyphosate is also used to enhance harvest yield by crop desiccation. In addition to agriculture purpose, it is also used to clear unwanted vegetation in urban areas and railway tracks.

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Glyphosate applications are segmented into genetically modified and conventional crops. Conventional crop was the major glyphosate application market in 2013 owing to protective ability against weeds and reduction in tillage. Glyphosate is used for many crops such as sunflower, wheat, maize, soybean, cotton, sorghum and tea plantations. Genetically modified crops are expected to be fastest growing global glyphosate market over the forecast period. As these can be...