Glyphosate (N-phosphonomethyl glycine) comprises a broad spectrum of standardized herbicides used to kill weeds, particularly grass and perennial broadleaf weeds that compete with field crops produced for commercial purposes. Since its discovery and market launch by Monsanto in 1970, the herbicide has been used by farmers on a large scale as a non-selective herbicide. Glyphosate herbicides hold special significance, as this is the first herbicide against which crops have been genetically modified to enhance tolerance. With the development of genetically modified (GM) crops that are resistant to glyphosates, the use of the herbicide has increased substantially. The global glyphosate market was worth US$5.46 billion in 2012 and will be worth US$8.79 billion by 2019, displaying a 7.2% CAGR from 2013 to 2019.
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