- Genetically Modified Crop
- Conventional Crop
India and Australia Glyphosate Market size was valued at USD 879.2 million in 2022, and is expected to grow at a 5.5% CAGR from 2023 to 2029. 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 the 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.
Fastest Growing Market
India and Australia glyphosate market is expected to grow over the forecast period due to the increasing demand for food owing to rise in population, growing demand for agriculture in country like India and adoption of modern agricultural techniques and practices in this region is expected to drive the glyphosate market in this region. in addition, rapid increase in genetically engineered crops is expected to increase the demand for glyphosate, and growing application of glyphosate in non-agricultural aquatic weeds are expected to further fuel the market growth over the forecast period. For instance, according to a research study, glyphosate was used in the control of weeds in stadiums, lawns & gardens, turfs, railway tracks in Australia.
Increase in adoption of new modern agriculture techniques and practices is expected to drive the market growth in this region over the forecast period.
Negative impact of glyphosate in human and animal health, and strict government regulations and restrictions in the use of glyphosate is expected to restrain the India & Australia Glyphosate market.
The leading players in the global India and Australia Glyphosate market are Rallis India Limited, UPL Limited, Bharat Rasayan Ltd., HPM Chemicals & Fertilizers Ltd., Indofil Industries Ltd., Monsanto Australia Ltd., Nufarm Ltd., Dow AgroSciences Australia Ltd., Cheminova Australia Pty Ltd., Bayer Cropscience Pty Ltd.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023– 2029.