Glyphosate Market Forecast: USD 17.5 Billion by 2030 with 6.2% CAGR
Glyphosate Market Overview Glyphosate market size is estimated to reach USD 17.5 billion by 2030 at a CAGR of 6.2% over the forecast period (2022-2030). The glyphosate is widely used in cereals & grains, weed removal, oilseed & pulses, fruits & vegetables among others. The global glyphosate market is spanned across five regions of the world namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific market is projected to grow at a rapid pace. The growing demand for agricultural produce along with the increasing use of glyphosate for removal of weed is expected to boost the market in this region. Moreover, the changing farming practices in the region is also expected to affect the market growth positively. South America is anticipated to be one of the largest markets of glyphosate mainly driven by Brazil and Argentina. The growing production of genetically modified crops in the region is expected to drive the growth of the