The Europe Glyphosate Market was worth USD 1.57 billion in 2021 and estimated to be growing at a CAGR of 5.77%, to reach USD 2.08 billion by 2026. Glyphosate is one of the most widely used herbicides, used in crops as well as non-crop plants like turfs and ornamental plants. It controls the weeds by inhibiting the production of certain amino acids in the plants resulting in the failure of their root system. Monsanto first developed and patented the use of glyphosate and it was commercially made available 4 years later under the name of Roundup. It also opened up a new avenue of crops called Roundup Ready crops.
Glyphosate is an acidic molecule and it is available commercially in the form of salts. In addition to the salts present, commercial versions also contain additives such as surfactants in varying concentrations. These are present to enable the glyphosate to penetrate the cuticle of plants. The toxicity of glyphosate to humans is minimal. Inspite of claims of it increasing cancer risks, there is no good evidence regarding the same. The enzyme that glyphosate inhibits in plants is absent in humans and other mammals and should pose minimal threat to them. It is also easily adsorbed into the soil and hence doesn’t pose a major threat to ground water sources.
Drivers and Restraints of Europe Glyphosate Market:
The major driver of the Europe Glyphosate market is the increasing adoption of GM crops. GM crops account for more than 45% of the usage and this drives the market for the herbicide. Additionally, the lack of cultivable land area in the region calls or increased productivity from the little land that is available. Hence decrease in productivity due to weed growth can adversely affect the supply chain of the region. The stringent regulations set in place in Europe will adversely affect the market share of Europe in the coming years. Regulatory agencies in Europe have set strict regulations regarding the use of genetically modified crops as their reckless use in the US had led to the development of glyphosate resistant weeds, and they hope to avoid a similar situation in the region. Other environmental concerns also act as restraints for the market.
Europe Glyphosate Market – By Crop Type:
Europe Glyphosate Market – By Application:
Europe Glyphosate Market – By Non Crop:
Based on geography, the Europe market consists of Italy, France, UK, Germany and Spain. The Glyphosate Market in Europe took a hit with it being banned completely in some parts of Europe. Inspite of the ban, Europe remains the third largest market albeit with a very low growth rate. The market still offers some interesting prospects with technological advancements in future.
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).
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]