Middle East and Africa Glyphosate Market was worth USD 0.81 billion in 2021 and estimated to be growing at a CAGR of 5.57%, to reach USD 1.89 billion by 2026. Glyphosate is the most widely and heavily used agrichemical worldwide, in agriculture, parks and amenities as well as in gardens. Glyphosate is absorbed through the foliage of plants and inhibits the plant’s ability to synthesize proteins. This causes the plant to sicken and ultimately die.
Genetically engineered crops have been produced such as soya, corn and wheat to be resistant to glyphosate so that when sprayed only the weeds die and the cultivated crop remains unaffected. Another advantage of using glyphosate is that farmers can adopt conservational tillage in which the soil is the disturbed very less and tractor usage is also reduced. This is said to reduce soil erosion by upto 90% and also reduce carbon emissions.
Drivers and Restraints of Middle East and Africa Glyphosate Market:
The major driver of the Middle-East & Africa Glyphosate market is driven by the growing demands for food security. The increasing adoption of GM crops is identified as another major driver for glyphosate market. Other factors include commercialization of GM crops and increased demand for food with growing populations. As for the constraints of the market, it is adversely affected by the safety regulations put in place by the government to prevent ecological damage. The fact that excessive use of the product can lead to the development of glyphosate resistant plants is another turn-off for the market.
Middle East and Africa Glyphosate Market – By Crop Type:
Middle East and Africa Glyphosate Market – By Application:
Based on geography, the Middle-East & Africa market is analysed under Middle-East & Africa. The regions in the Middle-East are not known for their agricultural prowess and Africa is still in the phase of getting to know about advances in cultivation. This is evident from the stats as the region is the smallest market globally and also has the second lowest growth rate.
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).
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