Global Glufosinate Market Growth, Share, Size and Forecast 2027

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Global Glufosinate Market Growth, Share, Size and Forecast 2027

The global glufosinate market is expected to grow at a formidable rate during the forecast period. The significant market growth can be attributed to expanding use of genetically modified crops owing to the rising consumption of food and increasing food shortages around the world. Consequently, the rising demand for highly efficient crop yielding products and growing use of glufosinate as a fungicide for protection of crops against diseases are propelling the growth of the global glufosinate market. Besides, excessive demand for horticulture and technological advancements in the agricultural sectors are contributing to the growth of the global glufosinate market. Rising use of glufosinate in non-crop areas such as golf course turf and spot treatments on residential lawns coupled with emerging trend of gardening are some of the factors supporting the growth of the global glufosinate market. However, toxic impact of glufosinate on animals and strict government regulations for the use of chemical-based pesticides and herbicides are expected to restrict the growth of the global glufosinate market in the coming years. Mounting number of farmlands and growing popularity of agrochemicals are supporting the market growth.

The global glufosinate market is segmented on the basis of crop type, application, form, region, and company. Based on the crop type, the market is divided into genetically modified crops and conventional crops. The liquid glufosinate segment is anticipated to register the highest growth in the global glufosinate market in the coming years owing to the increasing need for low-temperature stability across various end-user industries. Based on the form, the market is fragmented into agricultural and non-agricultural. The agricultural sector is expected to hold the largest share in the market during forecast period due to the increasing demand for glufosinate in grains and cereals. North America is expected to dominate the market of glufosinate on account of growing popularity of bio-based agro solutions and rise in the number of research activities and programs in the region.

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Global Glufosinate market is controlled by these major players, namely– Bayer AG (Germany), DowDuPont Inc. (US), Syngenta AG (Switzerland), UPL (India), Nufarm Ltd (Australia), Jiangsu Huangma Agrochemicals Co., Ltd. (China), Jiangsu Sevencontinent Green Chemical Co., Ltd. (China), Hebei Veyong Bio-Chemical Co., Ltd. (China), Zhejiang Yongnong Chem. Ind. Co. Ltd. (China) etc.

Objective of the Study:

To outline, classify and estimate the global glufosinate market on the basis of crop type, application, form and regional distribution.
To study and forecast the global market size of the Glufosinate, in terms of value and volume.
To project the size of glufosinate market, in terms of value and volume, with respect to key applications such as agricultural and non-agricultural.
To understand the regional market structure of glufosinate market, the global Glufosinate market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.
To identify the detailed information about the prime factors affecting the global glufosinate market.
To evaluate competitor pricing, average market selling prices and margins in the global glufosinate market.
To examine competitive developments such as capacity expansions, new entrants in the global glufosinate market.
To strategically profile the leading players in the market which are involved in the manufacturing and supply of Glufosinate worldwide.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Glufosinate manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the crop types, applications, forms, distribution network and regional presence of all major Glufosinate manufacturers across the globe.

TechSci Research calculated the market size for Global Glufosinate using a bottom-up approach, where manufacturers’ value sales data for standard product applications (Agricultural and Non-Agricultural) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

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