Analysis of Glufosinate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Glufosinate-ammonium is an herbicide used to control the growth of undesired plants, such as weeds, in more than 100 crops globally. Glufosinate contains an active ingredient phosphinothricin, which prevents the growth of plants by blocking the key enzyme production that disrupts food production in plants and ends up killing it. This unique mode of action against weeds makes glufosinate the most promising herbicide among a broad spectrum of other herbicides.
Additionally, glufosinate is only effective when it is in contact with the plant and only affects that part of the plant where it is applied. Reusing an herbicide makes the weeds resistant, which threatens the productivity of desired crops. The unique mode of action of glufosinate makes it ideal for herbicide as an alternate option in rotation with other herbicides.
For more than 30 years, glufosinate-ammonium has become a leading herbicide in global agriculture. Glufosinate offers unique and straightforward weed control in a broad range of crops and at the same time preserves a balance between the environment and economy. Glufosinate is the best alternate option to replace in rotation with a commonly used herbicide known as glyphosate. According to the United Nations, the global population will rise to 9 billion by 2050. This will also increase food production by 70% on the same amount of land. As weeds pose a danger to harvests, leaving them untreated can affect an average global yield loss to a great extent.
Glufosinate-ammonium is one of the growing herbicides that has been used in small quantities for the last 30 years. The recent development in a number of varieties of transgenic plants and genetically modified resistance to herbicide is significantly increasing its demand.
Glufosinate is a United States EPA (Environmental Protection Agency) registered and California-registered chemical. China and India are top agricultural-based countries, which have an enormous market opportunity for glufosinate. The genetically modified glufosinate-resistant crops will push the demand for glufosinate.
The global glufosinate market can be segmented by crop type, formulation and application and region.
Based on crop type, the glufosinate market is segmented into:
Based on formulation, the glufosinate market is segmented into:
Glufosinate is obtained from Streptomyces soil bacteria, which can control some major weeds named morning glories, hemp sesbania, and yellow nutsedge. It is significantly safe as compared to other herbicides.
Based on application, the glufosinate market is segmented into:
An increase in genetically modified crops and their cost-effective trait and weed controlling aspects will boost the market of glufosinate. Herbicide-tolerant plants occupy the largest planting area of biotech crops, which will result in an increase in demand for the cultivation of HT (Herbicide Tolerant) crops.
The global glufosinate market is segmented into the following seven regions including North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa (MEA). The development of genetically modified herbicide-tolerant crops has shown tremendous growth in the glufosinate production industry, and this is expected to continue in the upcoming years. Asian countries, such as China and India, are the largest producers of agriculture commodities, which are supposed to indicate a strong demand in the long-term forecast. Regions, such as North America and Latin America, are projected to register moderate demand growth in glufosinate consumption.
A notable capacity expansion has been observed in the industry. Top players in the glufosinate market like Bayer CropScience, Lier Chemical Company Ltd., Inner, Zhejiang YongNong, Monsanto Company, and other prominent companies are expanding their capacities to meet the demand for glufosinate.
The manufacturing process of glufosinate is a critical part of the efficient cost production of glufosinate. Advancement in technology and R&D expenditures towards sustainable farming solutions are some of the key factors driving growth in the glufosinate market.
The research report presents a comprehensive assessment of the Glufosinate market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Glufosinate market report provides analysis and information according to market segments such as geographies, application, and industry.
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The Glufosinate report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Glufosinate report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Glufosinate report also maps the qualitative impact of various market factors on market segments and geographies.
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The Glufosinate market is predicted to grow at 19% CAGR during the forecast period.
The Glufosinate market has high growth potential due to the increase in demand for genetically modified crops owing to its cost-effective characteristic.
In the Asia Pacific region, manufacturers may find the most opportunities in the Glufosinate market.
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