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Applications comprise of conventional crops and genetically modified. The conventional crops segment
dominated the demand accounting to over 52% of the total consumption in 2014. However, the genetically
modified crop based application can exhibit the highest gain over the forecast period.
Regions are divided into North America, Europe, Asia Pacific, and the RoW (Rest of the World). Asia Pacific held
the largest market in 2013. It is expected to continue doing so, over the forecast period, owing to the rapid
adoption of the product in countries like India and China.
North America can exhibit substantial growth over the eight years. The growth can be attributed to the
awareness of the increase in agricultural yield. However, European glyphosate industry held aro und 15% of
market share in terms of total volume, in 2014. However, it is likely to show less demand due to the
unfavorable regulations of the region.
Zhejiang Xinan Chemical Industrial Group Company Limited, Monsanto, BASF SE, and SinoHarvest Corporation
are some of the major competitors of the global glyphosate market. Monsanto is leading the worldwide market,
owing to the role in the introduction and adoption of crops that are glyphosate-tolerant. The players engage in
mergers and acquisitions as a part of their strategic activities.
Browse Related Category Reports @ https://www.hexaresearch.com/research-category/agrochemicals-and-
fertilizers-market
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