Glufosinate Market Size, Share Report, Analysis, Trends, Growth, 2030

Glufosinate Industry Prospective:

The global glufosinate market size was worth around USD 190.87 Million in 2022 and is predicted to grow to around USD 330.24 Million by 2030 with a compound annual growth rate (CAGR) of roughly 7.09% between 2023 and 2030.

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The report analyzes the global glufosinate market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the glufosinate industry. 

Global Glufosinate Market: Overview

Glufosinate is an efficient herbicide utilized to control a wide range of weeds. It also helps prevent diseases on 100 crops. The farmer makes use of these herbicides as they offer more protection and work only on the applied portion of the plant. Glufosinate finds a large number of applications across the non-agriculture and agricultural sectors. This product is widely used in place of paraquat and glyphosate. However, it is also used in fungicides for crop protection against different diseases. The unique mode of action of glufosinate made it a suitable herbicide. Overall, glufosinate, also referred to as ammonium salt, offers numerous benefits, including a safe environment and nutritious food, and as an output, it reduces cost & increases high crop yield.

Global Glufosinate Market: Growth Factors

The global population is likely to reach 9 billion by 2050. Such a surge in the population will also increase food production by 70% on the given land. Weed poses a danger while harvesting, and in addition, leaving them untreated will also pose a negative impact on the average global yield causing a great loss. The global glufosinate market is likely to gain substantial traction during the forecast period, majorly due to the fast-growing agrochemical sector along with the surging requirement to prevent crops from diseases.

Furthermore, the growing demand for horticulture will further positively shape the trajectory of the global market during the forecast period. The market is witnessing an ever-expanding resistance application in the agriculture sector. Glufosinate is a United States Environmental Protection Agency-registered and California-registered chemical. However, India and China are among the top agriculture companies offering a huge opportunity for the global market. Covid-19 has significantly impacted the global glufosinate market, shutdowns and disruption in the supply chain downgraded the global market, but the emerging trends and ongoing initiatives by market leaders are likely to scale up the growth of the market again in the coming years. Frequent product launches are likely to foster healthy development in the global market.

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Global Glufosinate Market: Report Scope

Global Glufosinate Market: Segmentation

The global glufosinate market can be segmented into formulations, crops, and regions.

By formulations, the market can be segmented into soluble (liquid) concentrate, suspension concentrate, liquid, aqueous suspension, and others. The soluble liquid concentrate accounts for the largest share of the global glufosinate market due to its ease of use, storage, and transport. Also, it is a non-abrasive and non-volatile material. In addition, it readily mixes with water.

By crop, the market can be segmented into fruits & vegetables, oil seeds & pulses, cereals, grains, and others.

Global Glufosinate Market: Regional Analysis

North America accounts for the largest share of the global glufosinate market due to the presence of robust production facilities along with the largest customer base in the region.

Asia Pacific is also among the leading regions in the global glufosinate market due to the growing population in the region. In addition, growing economies like India and China are considered to be the agricultural hubs and thereby likely to contribute immensely towards the growth of the regional market.

Global Glufosinate Market: Competitive Players

Some of the significant players in the global glufosinate market include

• Nufarm Limited, BASF SE
• DuPont de Nemours. Inc
• SinoHarvest Corporation
• Jiangsu Seven Continents Green Chemical Co. Ltd
• Lier Chemical Co. Ltd.
• UPL Limited
• Zhejiang Yongnong Chem. Ind. Co. Ltd.
• Limin Chemical Co. Ltd
• Bayer AG.
• And Others

Many companies are undergoing mergers and acquisitions to expand their business geographically. For instance, Nufarm introduced a new Cheetah Pro Herbicide product. It is used to control broadleaf grassy weeds. Also, it is a non-selective herbicide in nature. However, the launch of this product has significantly strengthened the company’s portfolio, thereby offering future growth prospects.

The global Glufosinate Market is segmented as follows:

By Formulations 

• Soluble (Liquid) Concentrate
• Suspension Concentrate
• Liquid
• Aqueous Suspension
• And Others

By Crops

• Fruits & Vegetables
• Oil Seeds & Pulses
• Cereals
• Grains
• And Others

Global Glufosinate Market: Regional Segment Analysis

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.