North America Glyphosate Market Growth, Trends, And Forecasts (2016–2021)

(EMAILWIRE.COM, November 21, 2017 ) The North America Glyphosate Market was worth USD 2.26 billion in 2016 and estimated to be growing at a CAGR of 5.51%, to reach USD 2.96 billion by 2021.

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Since the beginning of agriculture, farmers have been battling a common enemy, weeds. Weeds steal water, sunlight and nutrients from the cultivated crops and lead to reduction in the output of the land. Glyphosate has been a breakthrough in this respect, discovered in 1970 and made commercially available in 1974, it has taken the industry by storm, being the preferred herbicide all over.

Glyphosate is broad-spectrum and non-selective meaning it will affect most plants unless they have been engineered to be resistant. It is an organ phosphorus compound and is biodegradable. It is supposedly non-toxic to humans, although excessive exposure can cause discomforts. The herbicide works on the basis of enzyme inhibitions that is not likely to have a major impact on mammals. It is also highly adsorbed on most soils and is expected to have minimal impact on ground water resources.

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The major driver of the North America Glyphosate market is driven by population growth which in turn leads to a call for increased efficiency of production from farms. Cultivation of GM crops in the region also provides future potential for the market in the region. The growing demands for food security along with the increased demand for glyphosate in non-agricultural industries is expected to further boost the market. Glyphosate also finds applications in the ‘concrete jungle’, where it is applied on pavements and sidewalks to kill off the weeds that may break through and cause damage. Inspite of the various factors for the growth of the market, the industry still gets hampered by facts such as the strict regulations put in place to minimize the ecological effect. Regulations are also put in place regarding the use of GM crops, which people are still unsure about, as they are the prime demand market of glyphosate.

The North America Glyphosate market is broadly classified as GM Crops and Conventional Crops based on crop type. Based on Application they are classified as Crop based which includes Grains & Cereals, Oil Seeds and Fruits & Vegetables and Non-Crop based which includes Turf & Ornamental Grass and Others. Based on geography, the North America market is analysed under USA and Canada. The North American market has the second highest market share worldwide, albeit with the lowest growth rate. The low growth rate can be attributed to the fact that the region is almost fully developed and the scope for expansion is minimal.

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The key players that are present in the glyphosate industry include Monsanto company (U.S.), Syngenta AG (Switzerland), Bayer AG (Germany), E.I. Du Pont De Nemours & Company (U.S.), The Dow Chemical Company (U.S.), Nufarm limited (Australia), Nantong Jiangshan Agrochemical & Chemical, Inc. (China), Adama Agricultural Solutions Ltd (Israel), UPL Limited (India), and Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China).

Glyphosate Market Segmentation:
Crop Type
• Introduction
• GM Crops
• Conventional Crops
• Y-o-Y Growth Analysis, By Crop Type
• Market Attractiveness Analysis, By Crop Type
• Market Share Analysis, By Crop Type

Application
• Introduction
• Crop Based
• Non-Crop Based
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

The scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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