Glufosinate Market size was valued at US$ 2.40 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 10.50% through 2024 to 2030, reaching nearly US$ 4.83 Bn.Glufosinate Market Overview
Glufosinate is an efficient herbicide utilized to control a wide range of weeds. It also helps prevent diseases in crops. The farmer uses 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 parquet and glyphosate.To know about the Research Methodology:-Request Free Sample Report
Glufosinate Market Dynamics
Drivers The growth of the glufosinate market is expected to be driven by the increasing demand for genetically modified crops. Genetically modified crops involve incorporating specific genetic material into the plant's genome to introduce new or modified features, producing ingredients such as corn flour, corn syrup, and corn oil. Glufosinate, a broad-spectrum herbicide, is commonly utilized to control weeds in genetically modified crops. This heightened demand for genetically modified crops contributes to an increased need for glufosinate. Growth in the Agriculture Sector leads to rise in demand in Herbicides Glufosinate is mostly applied as a broad-spectrum herbicide to manage weeds in a variety of crops, including cotton, corn, soybeans, and other crops. The need for herbicides like glufosinate to shield crop yields from weed competition is driven by the need for higher agricultural production brought on by the world’s rising population. It is anticipated that the use of herbicides, such as glufosinate, would increase as agricultural operations grow to fulfil the need for food and other agricultural goods. Increased acreage for agriculture, especially in developing nations, supports the rise of the glufosinate market. Genetically modified (GM) crops that have been developed to withstand herbicides are frequently combined with glufosinate. The growing acceptance of genetically modified agriculture, especially in North and South America, increases the need for herbicides containing glufosinate. Factors like Human Health and Envrionmental concerns slow down the market growth The market for glufosinate may be constrained by the availability of substitute herbicides or weed-control techniques that are thought to be safer or more efficient. As people become more conscious of and concerned about environmental problems, like contaminated water or harm to organisms that are not the intended target, the market for glufosinate may decline. Because glufosinate poses a risk to human health or the environment, regulatory agencies may place restrictions on its use. Stricter laws may restrict the expansion of its market. Customer preferences and demand might be influenced by unfavorable public perception or worries about the safety of genetically modified crops resistant to glufosinate or its residues in food products.Glufosinate Market Segment Analysis
By Crop Type, the market is bifurcated into Genetically Modified Crops and Conventional Crops. Genetically modified crops dominated the largest market share in 2023. The factors that can be attributed to its major use in the production of various products and wider availability. Genetically modified techniques are widely used to make crops herbicide-resistant owing to their cost-effective characteristic and weed-controlling properties boosting the demand for this segment. Based on Form, the liquid glufosinate segment holds the largest market share and is estimated to witness the highest CAGR for the forecast period. The liquid formulation of glufosinate is widely used as it has low-temperature stability as compared to dry formulations, which has a long process of usage and has advantages such as mixing readily with water, non-volatile, not abrasive and ease of transport, storage which enhances the demand of liquid glufosinate.Glufosinate Market Regional Analysis North America commands a dominant position in the global Glufosinate market, poised for substantial expansion throughout the forecast period. This leadership is underpinned by the region's extensive adoption of genetically modified (GM) crops, particularly those engineered to tolerate glufosinate-based herbicides. Key industry players such as Bayer CropScience and BASF contribute significantly to North America's market dominance. These companies have made substantial investments in research and development to develop and promote glufosinate-based herbicides tailored for the North American market. Their robust distribution networks and strategic alliances with regional agricultural retailers and suppliers further bolster their market presence and stimulate overall market growth. 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.
Glufosinate Industry Ecosystem
Glufosinate Market Scope : Inquire before buying
Glufosinate Market Report Coverage Details Base Year: 2023 Forecast Period: 2023-2029 Historical Data: 2018 to 2023 Market Size in 2023: USD 2.40 Bn. Forecast Period 2024 to 2030 CAGR: 10.50% Market Size in 2030: USD 4.83 Bn. Segments Covered: by Crop Type Genetically Modified Crops Conventional Crops by Foam Liquid Formulation Dry Formulation by Application Agricultural Non Agricultural Glufosinate Market by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina and Rest of South America)Glufosinate Report Key Players are:
1. Bayer Crop Science 2. Lier Chemical Company Ltd. 3. Zhejiang Yongnong Chem. Ind. Co. Ltd. 4. Hebei Veyong Bio-chemical Co. Ltd. 5. UPL Ltd. 6. Jiangsu Huangma Agrochemicals Co. Ltd. 7. Inner Mongolia Jiaruimi Fine Chemical Co. Ltd. 8. Hebei Bestar Bio-Technology Co. Ltd. 9. Jiangsu Seven continent Green Chemical Co.Ltd. 10.Nufarm 11.Syngenta 12.the DOW Chemical 13.Zhejiang Yongnong Chemical 14.United Phosphorus 15.Syngenta AG 16.Nufarm Limit 17.Bayer AG 18.Du Pont 19.Inner Mongolia Jiaruimi Fine Chemical Co. Ltd 20.Limin Chemical Co., Ltd. 21.SinoHarvest Corporation 22.BASF SEFrequently Asked Questions:
1. Which region has the largest share in Global Glufosinate Market? Ans. North America region holds the highest share in 2023. 2. What is the growth rate of Global Glufosinate Market? Ans. The Global Glufosinate Market is growing at a CAGR of 10.50% during forecasting period 2024-2030. 3. What is scope of the Global Glufosinate market report? Ans. Global Glufosinate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Glufosinate market? Ans. The important key players in the Global Glufosinate Market are – Bayer Crop Science, Lier Chemical Company Ltd., Zhejiang Yongnong Chem. Ind. Co. Ltd., Hebei Veyong Bio-chemical Co. Ltd., UPL Ltd., Jiangsu Huangma Agrochemicals Co. Ltd., Inner Mongolia Jiaruimi Fine Chemical Co. Ltd., Hebei Bestar Bio-Technology Co. Ltd., Jiangsu Seven continent Green Chemical Co.Ltd., Nufarm, Syngenta, the DOW Chemical, Zhejiang Yongnong Chemical, United Phosphorus, Syngenta AG, Nufarm Limit, Bayer AG, Du Pont, Inner Mongolia Jiaruimi Fine Chemical Co. Ltd, Limin Chemical Co., Ltd., SinoHarvest Corporation, and BASF SE 5. What was the Global Glufosinate Market size in 2023? Ans. The Global Glufosinate Market size was USD 2.40 Billion in 2023.
1. Glufosinate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Glufosinate Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Crop Type Segment 2.4.3. End-user Segment 2.4.4. Revenue (2023) 2.4.5. Key Development 2.4.6. Geographic distribution of major customers 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 3. Glufosinate Market: Dynamics 3.1. Glufosinate Market Trends 3.2. Glufosinate Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Ecosystem Analysis 3.3.1. Raw material suppliers 3.3.2. Manufacturers 3.3.3. Distributors 3.3.4. End users 3.4. Technology analysis 3.5. PORTER’s Five Forces Analysis 3.5.1. Intensity of the Rivalry 3.5.2. Threat of New Entrants 3.5.3. Bargaining Power of Suppliers 3.5.4. Bargaining Power of Buyers 3.5.5. Threat of Substitutes 3.6. Tariffs and Trade Agreements 3.7. Regulatory Landscape by Region 3.7.1. North America 3.7.2. Europe 3.7.3. Asia Pacific 3.7.4. South America 3.7.5. MEA 3.8. Regulatory Framework and Policy Impact 3.8.1. Pesticide Regulatory Environment (Global & Regional) 3.8.2. Maximum Residue Limit (MRL) Policies 3.8.3. Impact of Bans/Restrictions on Glufosinate 3.8.4. Sustainable Agriculture and Herbicide Policy Trends 3.9. Supply Chain Analysis 3.10. Trade Analysis for Glufosinate Market 3.11. Demand and Consumption of Glufosinate and its Trends 3.12. Production and Export 3.13. Import/ Export Data for Glufosinate 3.14. Technological Innovations and Substitutes 4. Glufosinate Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn and Volume Units) (2023-2030) 4.1. Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 4.1.1. Genetically Modified Crops 4.1.2. Conventional Crops 4.2. Glufosinate Market Size and Forecast, by Form(2023-2030) 4.2.1. Liquid Formulation 4.2.2. Dry Formulation 4.3. Glufosinate Market Size and Forecast, by Application (2023-2030) 4.3.1. Agricultural 4.3.2. Non-Agricultural 5. North America Glufosinate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 5.1.1. Genetically Modified Crops 5.1.2. Conventional Crops 5.2. North America Glufosinate Market Size and Forecast, by Form (2023-2030) 5.2.1. Liquid Formulation 5.2.2. Dry Formulation 5.3. North America Glufosinate Market Size and Forecast, by Application (2023-2030) 5.3.1. Agricultural 5.3.2. Non-Agricultural 5.4. North America Glufosinate Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 5.4.1.1.1. Genetically Modified Crops 5.4.1.1.2. Conventional Crops 5.4.1.2. United States Glufosinate Market Size and Forecast, by Form (2023-2030) 5.4.1.2.1. Liquid Formulation 5.4.1.2.2. Dry Formulation 5.4.1.3. United States Glufosinate Market Size and Forecast, by Application (2023-2030) 5.4.1.3.1. Agricultural 5.4.1.3.2. Non Agricultural 5.4.2. Canada 5.4.2.1. Canada Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 5.4.2.1.1. Genetically Modified Crops 5.4.2.1.2. Conventional Crops 5.4.2.2. Canada Glufosinate Market Size and Forecast, by Form (2023-2030) 5.4.2.2.1. Liquid Formulation 5.4.2.2.2. Dry Formulation 5.4.2.3. Canada Glufosinate Market Size and Forecast, by Application (2023-2030) 5.4.2.3.1. Agricultural 5.4.2.3.2. Non Agricultural 5.4.3. Mexico 5.4.3.1. Mexico Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 5.4.3.1.1. Genetically Modified Crops 5.4.3.1.2. Conventional Crops 5.4.3.2. Mexico Glufosinate Market Size and Forecast, by Form (2023-2030) 5.4.3.2.1. Liquid Formulation 5.4.3.2.2. Dry Formulation 5.4.3.3. Mexico Glufosinate Market Size and Forecast, by Application (2023-2030) 5.4.3.3.1. Agricultural 5.4.3.3.2. Non Agricultural 6. Europe Glufosinate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.2. Europe Glufosinate Market Size and Forecast, by Form (2023-2030) 6.3. Europe Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4. Europe Glufosinate Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.1.2. United Kingdom Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.1.3. United Kingdom Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.2. France 6.4.2.1. France Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.2.2. France Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.2.3. France Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.3.2. Germany Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.3.3. Germany Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.4.2. Italy Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.4.3. Italy Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.5.2. Spain Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.5.3. Spain Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.6.2. Sweden Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.6.3. Sweden Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.7.2. Austria Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.7.3. Austria Glufosinate Market Size and Forecast, by Application (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 6.4.8.2. Rest of Europe Glufosinate Market Size and Forecast, by Form (2023-2030) 6.4.8.3. Rest of Europe Glufosinate Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Glufosinate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.2. Asia Pacific Glufosinate Market Size and Forecast, by Form (2023-2030) 7.3. Asia Pacific Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4. Asia Pacific Glufosinate Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.1.2. China Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.1.3. China Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.2.2. S Korea Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.2.3. S Korea Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.3.2. Japan Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.3.3. Japan Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.4. India 7.4.4.1. India Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.4.2. India Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.4.3. India Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.5.2. Australia Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.5.3. Australia Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.6. ASIAN 7.4.6.1. ASIAN Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.6.2. ASIAN Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.6.3. ASIAN Glufosinate Market Size and Forecast, by Application (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Glufosinate Market Size and Forecast, by Form (2023-2030) 7.4.7.3. Rest of Asia Pacific Glufosinate Market Size and Forecast, by Application (2023-2030) 8. Middle East and Africa Glufosinate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.2. Middle East and Africa Glufosinate Market Size and Forecast, by Form (2023-2030) 8.3. Middle East and Africa Glufosinate Market Size and Forecast, by Application (2023-2030) 8.4. Middle East and Africa Glufosinate Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.4.1.2. South Africa Glufosinate Market Size and Forecast, by Form (2023-2030) 8.4.1.3. South Africa Glufosinate Market Size and Forecast, by Application (2023-2030) 8.4.2. S GCC 8.4.2.1. GCC Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.4.2.2. GCC Glufosinate Market Size and Forecast, by Form (2023-2030) 8.4.2.3. GCC Glufosinate Market Size and Forecast, by Application (2023-2030) 8.4.3. Egypt 8.4.3.1. Egypt Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.4.3.2. Egypt Glufosinate Market Size and Forecast, by Form (2023-2030) 8.4.3.3. Egypt Glufosinate Market Size and Forecast, by Application (2023-2030) 8.4.4. Nigeria 8.4.4.1. Nigeria Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.4.4.2. Nigeria Glufosinate Market Size and Forecast, by Form (2023-2030) 8.4.4.3. Nigeria Glufosinate Market Size and Forecast, by Application (2023-2030) 8.4.5. Rest of ME &A 8.4.5.1. Rest of ME &A Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 8.4.5.2. Rest of ME &A Glufosinate Market Size and Forecast, by Form (2023-2030) 8.4.5.3. Rest of ME &A Glufosinate Market Size and Forecast, by Application (2023-2030) 9. South America Glufosinate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 9.2. South America Glufosinate Market Size and Forecast, by Form (2023-2030) 9.3. South America Glufosinate Market Size and Forecast, by Application (2023-2030) 9.4. South America Glufosinate Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 9.4.1.2. Brazil Glufosinate Market Size and Forecast, by Form (2023-2030) 9.4.1.3. Brazil Glufosinate Market Size and Forecast, by Application (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 9.4.2.2. Argentina Glufosinate Market Size and Forecast, by Form (2023-2030) 9.4.2.3. Argentina Glufosinate Market Size and Forecast, by Application (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest of South America Glufosinate Market Size and Forecast, by Crop Type (2023-2030) 9.4.3.2. Rest of South America Glufosinate Market Size and Forecast, by Form (2023-2030) 9.4.3.3. Rest of South America Glufosinate Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. Bayer Crop Science 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Lier Chemical Company Ltd. 10.3. Zhejiang Yongnong Chem. Ind. Co. Ltd. 10.4. Hebei Veyong Bio-chemical Co. Ltd. 10.5. UPL Ltd. 10.6. Jiangsu Huangma Agrochemicals Co. Ltd. 10.7. Inner Mongolia Jiaruimi Fine Chemical Co. Ltd. 10.8. Hebei Bestar Bio-Technology Co. Ltd. 10.9. Jiangsu Seven continent Green Chemical Co.Ltd. 10.10. Nufarm 10.11. Syngenta 10.12. the DOW Chemical 10.13. Zhejiang Yongnong Chemical 10.14. United Phosphorus 10.15. Syngenta AG 10.16. Nufarm Limit 10.17. Bayer AG 10.18. Du Pont 10.19. Inner Mongolia Jiaruimi Fine Chemical Co. Ltd 10.20. Limin Chemical Co., Ltd. 10.21. SinoHarvest Corporation 10.22. BASF SE 10.23. Bunge 10.24. Olam International 10.25. Weyerhaeuser 11. Key Findings and Analyst Recommendations 12. Glufosinate Market: Research Methodology 12.1. Research Data 12.1.1. Secondary Data 12.1.1.1. Key data from secondary sources 12.1.2. Primary Data 12.1.2.1. Key industry insights 12.1.2.2. Key data from primary sources 12.2. Market size estimation 12.2.1. Bottom-up approach 12.2.2. Top-down approach 12.3. Market breakdown and Data triangulation 12.4. Research assumptions 12.5. Risk assessment 12.6. Limitations of research 12.7. Recession impact analysis
