Analysis of COVID-19 Crisis-driven Growth Opportunities in Glyphosate Market
The global glyphosate market depicts the presence of a highly fragmented and competitive vendor landscape owing to innumerable players existing in the market, says Transparency Market Research on the basis of a newly published report. Many businesses in this market are looking forward to participate in crucial mergers & acquisitions, as well as collaborating with newer businesses to expand their presence. From a statistical perspective, the market is expected to gain a revenue valuation of US$8.79 bn by the end of 2019.
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A majority of players in the global glyphosate market are highly focusing on research and developmental activities. Achieving extensive product development by expansion of product portfolio is prime scheme implemented by most players in the global glyphosate market. The competitiveness between individual players is expected to increase with new companies regularly entering this field in the upcoming years. Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., Syngenta AG., Dow AgroSciences LLC, Monsanto Company, E. I. du Pont de Nemours and Company, and Nufarm Ltd., are key players operating in the global glyphosate market.
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Shortage of Herbicide Manufacturing Systems in Emerging Countries Hampers Growth
However, a lack of adequate and necessary systems and equipment in remote and underdeveloped regions to manufacture the herbicides might exist. This is mainly making farmers and agriculturists rely on traditional methods, thus posing as a prime obstacle to the market. The market also is being restrained due to a shortage of trained staff and required manpower for setting up manufacturing the glyphosate herbicides systems in several underdeveloped regions, which are mainly situated in Asia Pacific, Africa, and Latin America. However, many companies are trying come up with cost effective solutions in terms of glyphosate products, which is expected to offset the restraints up to a certain extent.
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Key Segments:
The global glyphosate market is growing with leaps and bounds mainly due a high preference existing for utilization of glyphosate in the form of an herbicide.
A majority of players in the global glyphosate market are highly focusing on research and developmental activities.
The report segments the global glyphosate market as:
- Glyphosate Market: Application Segment Analysis,
- Genetically Modified (GM) crops
- Conventional Crops
- Glyphosate Market: Regional Analysis,
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World (RoW)
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