India and Australia Glyphosate Market: By Crop Type (Genetically Modified Crop, Conventional Crop), By Application (Agriculture, Household, Industrial and Others), By Function (Weed Management Solution, Improve Soil Health, Improved Planting Efficiency, and Others), and Country

India and Australia Glyphosate Market size was valued at US$ 879.2 million in 2023 and is expected to grow at a 5.5% CAGR from 2024 to 2030. Glyphosate is a type of pesticides used to kill grasses and weeds and control the growth of fungi and spores disease. Increase in population has increased the demand for food in this region, and loss of crops are not appreciable and countries like India has large amount of crop yielding land and agriculture is the primary source of income in this regions, adoption of advanced agricultural practices such as zero tillage and other techniques is expected to drive the growth of glyphosate market over the forecast period in these regions. In addition, increasing demand for high value crops, increase in crop feeding and among livestock healthcare, and increasing application of glyphosate in biofuel is expected to boost the India & Australia glyphosate market.

Furthermore, the growing use of glyphosate in non-agricultural activities like control of industries and domestic vegetation, forests, woodlots and growing approval of herbicide-tolerance technology for inorganically grown crops and increase in adoption of glyphosate by farmers are expected to further boost the market growth. moreover, the economic cost, low environmental degradation is expected to have positive impact on glyphosate market over the forecast years.

However, harmful effect of glyphosate on human health and environment, and increase in glyphosate resistance weeds are expected to hinder the market growth. for instance, according to a study, there are more than 30 species of weed which evolved resistance to glyphosate. furthermore, strict government rules and regulations imposed regarding glyphosate safety for instance, Indian Government restricted the use of herbicide glyphosate owing to its negative effect on human and animal health. Thus, these factors are expected to restrain the market growth over the forecast years.