Scienza e Tecnologia
Glyphosate Market is Expected to Reach US$ 17.7 Bn by 2031, Finds TMR Study
ALBANY, N.Y. , Feb. 17, 2022 /PRNewswire/ -- Products in the glyphosate market are witnessing sales from their rising application in controlling broadleaf weeds and grasses in agriculture as well as non-agricultural applications such as in home & garden. Massive global use of the pesticide for herbicide-tolerant (HT) food crops has spurred the expansion of profitable opportunities. The global valuation of glyphosate market is estimated to reach US$ 17.7 Bn by 2031.
The past few decades have witnessed surge in sales of glyphosate for use in herbicide tolerant genetically modified (GM) plants, note the analysts in a detailed scrutiny on the glyphosate market. The revenue has also grown from the wide application of the products for increasing the yield of several high-value conventional crops such as corn, cotton, canola, soybean, sugar beet, and legume, leafy, and bulb vegetables.
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Regulatory agencies in developed nations have found that there exist no risks of concern to human health from the residues of glyphosate when used in accordance with tolerance or limit. Glyphosate-based herbicides are effective against a wide variety of plants, thereby propelling the revenue sales from their demand in residential and commercial applications.
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Prominent players in the glyphosate market are Nufarm Ltd., Syngenta AG, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd., E. I. du Pont de Nemours and Company, Monsanto Company, and Dow AgroSciences LLC.
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