The key players that have a strong presence in the global glyphosate market include Monsanto Company (U.S.), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Dow Chemical (U.S.), Adama Agricultural Solutions Ltd (Israel), Nufarm (Australia), and E.I. Du Pont De Nemours & Company (U.S)
These key market players adopted various growth strategies such as collaborations & acquisitions and expansions in order to cater to the increasing demand for glyphosate. The companies increased their research and development expenditure to expand their glyphosate processing capacities and manufactured diversified glyphosate products.
The core strength of the key players in this market is their strategic collaborations & acquisitions, to enhance their presence in the glyphosate market. Players such as Monsanto Company (U.S.) and E.I. Du Pont De Nemours & Company (U.S.) successfully tapped the potential markets through these strategies. The key companies entered into collaborations & acquisitions to tap the Asian markets and also to expand their presence geographically. Moreover, these companies also focused on offering a diverse range of glyphosate products in order to cater to the changing requirements to kill different varieties of weeds.
Monsanto Company (U.S.) has been one of the major players in the global glyphosate market. The company has been focusing on the development of new products and technologies, in order to prevent growth of glyphosate resistant weeds. In June 2016, Monsanto, Sumitomo Chemical (Japan), and Valent USA (U.S.) entered into a collaboration for providing new crop protection solutions. In September 2012, Monsanto introduced the RT 4 herbicide, which was based on Monsanto’s glyphosate Roundup Technology.
Adama Agricultural Solutions Ltd (Israel) strengthened its position in several segments of the glyphosate market through acquisitions. The company focused on diversifying the glyphosate business in order to cater to the wide customer base across the globe. In October 2014, Adama acquired control of businesses of China National Agrochemical Corporation’s (CNAC) – a unit of China National Chemical Corporation (ChemChina) and in December 2013, Adama Agricultural Solutions Ltd. (Israel) acquired Agrovita (Slovakia).
Glyphosate Market by Crop Type (Genetically Modified, Conventional), Form (Liquid, Dry), Application (Agricultural (Grains & Cereals, Oilseeds & Pulses, Fruits & Vegetables), Non Agricultural), and Region - Global Forecast to 2022
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