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Global Glufosinate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 144 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912155
The global glufosinate market size reached US$ 2.3 Billion in 2022. Looking forward, the market is expected to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.73% during 2022-2028.

Glufosinate, also known as ammonium salt, is a naturally occurring broad-spectrum herbicide produced using different species of Streptomyces soil bacteria. It acts as a unique, simple, and effective weed control solution for a variety of crops. As a result, it is applied to young plants during their early development stage for full effectiveness. Nowadays, researchers are focusing on developing new glufosinate-resistant crops that enable a substantial increase in yields and offer significant agricultural advantages.

Glufosinate Market Trends

The use of genetically modified crops offers various benefits, which include high crop yields, reduced costs, enhanced output, nutritious food and offering a safe environment. Additionally, the escalating demand for genetically modified crops on account of the rising consumption of food and increasing shortage of food around the world represents one of the major factors bolstering the growth of the market. Moreover, due to the growing concerns among farmers about fungal infection, glufosinate-ammonium is gaining traction as a fungicide for cereal crops, vegetables, and fruits. Apart from this, glufosinate-ammonium is used on non-crop areas, such as golf course turf and spot treatments on residential lawns. This, along with the increasing number of individuals participating in golf and the emerging trend of home gardening on account of rapid urbanization and inflating income levels, is also influencing the market positively. Furthermore, governing agencies of numerous countries are implementing various regulatory reforms to make it easier for farmers to manage pest outbreaks and get quality seeds and access credit to invest in production. This, in confluence with the growing adoption of sustainable farming practices, is expected to create a favorable market outlook in the upcoming years.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global glufosinate market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on crop type, formulation type and application.

Breakup by Crop Type:

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables

Breakup by Formulation Type:

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

Breakup by Application:

  • Herbicides
  • Fungicides
  • Desiccant
  • Defoliant

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, DuPont de Nemours Inc., Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.), Jiangsu Sevencontinent Green Chemical Company Limited, LIER Chemical Co. Ltd., Nufarm, SinoHarvest, UPL Limited and YongNong BioSciences CO. LTD.

Key Questions Answered in This Report

1. What was the size of the global glufosinate market in 2022?
2. What is the expected growth rate of the global glufosinate market during 2023-2028?
3. What are the key factors driving the global glufosinate market?
4. What has been the impact of COVID-19 on the global glufosinate market?
5. What is the breakup of the global glufosinate market based on the crop type?
6. What is the breakup of the global glufosinate market based on the formulation type?
7. What is the breakup of the global glufosinate market based on the application?
8. What are the key regions in the global glufosinate market?
9. Who are the key players/companies in the global glufosinate market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Glufosinate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Crop Type
6.1 Cereals and Grains
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Oilseeds and Pulses
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fruits and Vegetables
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Formulation Type
7.1 Aqueous Suspension
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Liquid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Suspension Concentrate
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Soluble (Liquid) Concentrate
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Herbicides
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Fungicides
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Desiccant
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Defoliant
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 DuPont de Nemours Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.3 Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.) Company Overview Product Portfolio
14.3.4 Jiangsu Sevencontinent Green Chemical Company Limited Company Overview Product Portfolio
14.3.5 LIER Chemical Co. Ltd. Company Overview Product Portfolio Financials
14.3.6 Nufarm Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 SinoHarvest Company Overview Product Portfolio
14.3.8 UPL Limited Company Overview Product Portfolio Financials
14.3.9 YongNong BioSciences CO. LTD. Company Overview Product Portfolio

Companies Mentioned

  • DuPont de Nemours Inc.
  • Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.)
  • Jiangsu Sevencontinent Green Chemical Company Limited
  • LIER Chemical Co. Ltd.
  • Nufarm
  • SinoHarvest
  • UPL Limited
  • YongNong BioSciences CO. LTD.



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