Market Research Reports : Hexa Research Glyphosate Market
Hexa Research
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Glyphosate Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2016 to 2024 | Hexa Research
The global glyphosate market was valued at around USD 5 billion in 2012. It is likely to
reach USD 9 billion over the forecast period (2016-2024). Increasing population and the
rise in demand for genetically modified (GM) crops are expected to driver of the
glyphosate market.
Increase in crop consumption for biofuels and animal feed can propel market growth in the
coming years. Moreover, development in the field of genetically modified crops promoting
weed resistance is likely to boost market growth. This product helps farmers in reducing
the degree of tillage, further positively affect the market.
Glyphosate is used extensively in gardens and home landscaping. It effectively kills annual
and perennial grasses along with dandelions, broadleaf weeds, shrubs, poison ivy, kudzu,
and other weeds.
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