What is in this article?:
- Glyphosate market grows as GM crops spread
- Glyphostate resistance
- Glyphosate represents the largest selling agrochemical product worldwide.
- As of 2009, glyphosate accounted for a share of about 25 percent of the global herbicides market.
- The industry has been reeling under severe surplus capacity issues, and prices plunged substantially, creating a near crisis in the industry.
Glyphosate has been employed as a non-specific herbicide for nearly three decades, and the continuous usage of the herbicide in crops resulted in the emergence as well as spread of glyphosate-resistant weeds in crops, such as corn, cotton, and soybeans. Resistance from problematic weeds has turned out to be one of the major concerns for the glyphosate industry, as it endangers the survival of economic crop plants. Moreover, this poses a threat to farmers employing glyphosate as the primary weed control agent.
Launch of glyphosate tolerant, genetically modified crops, and the innovation of newer glyphosate formulations that possess a mode of action different from the traditional glyphosate, constitute the two ways of managing resistant weeds, and resultantly strengthening the position of glyphosate on the herbicides market. The growing adoption/planting of glyphosate ready genetically modified crops is expected to drive growth in the global glyphosate market through to the year 2017.
Significant revenue growth and profits from the manufacture of glyphosate attracted several new players to the market after the original product, Monsanto’s Roundup, went off-patent in late 2000. Presently, Monsanto and several players in China manufacture glyphosate. In addition to these players, the glyphosate industry is also dotted with the presence of several other players, who are primarily engaged in the purchase and resale of glyphosate ingredient, and in the manufacture of glyphosate-based herbicides.
Major players profiled in the report include Monsanto Company, Syngenta AG, Nufarm Limited, E. I. du Pont de Nemours and Company, Zhejiang Wynca Chemical Group Co. Ltd., Nantong Jiangshan Agrochemical & Chemical Co. Ltd., Shandong Weifang Rainbow Chemical, Anhui Huaxing Chemical Industry Co. Ltd., Dow AgroSciences LLC, among others.
The report titled “Glyphosate: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the glyphosate market, current market trends, key growth drivers, the production scenario and China’s dominance in the global production, an overview of competitive landscape, recent industry activity, and profiles of major/niche global as well as the regional market participants. The report provides annual sales estimates and projections for the glyphosate market for the years 2009 through 2017 for the following geographic markets - U.S., Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Glyphosate_Market_Report.asp.