Glufosinate Market Size, Share, Trends, Analysis, Opportunity and Forecast to 2027

According to IMARC Group’s latest report, titled “Glufosinate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global glufosinate market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a CAGR of 9.17% during 2022-2027.

Also known as ammonium salt, glufosinate is a nonselective foliar herbicide utilized during the early development stage of plants. It inhibits glutamine synthetase that disrupts the cell membranes and controls the growth of weeds on agricultural crops. It also protects glufosinate-resistant crops from several plant diseases.

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Glufosinate Market Trends:

Due to the continuously growing global population and the rising shortage of food around the world, there is an increase in the demand for genetically modified crops. This represents one of the key factors positively influencing the market. Apart from this, as glufosinate is relatively safer and affordable, it is widely used as an alternative to glyphosate and paraquat worldwide. Furthermore, due to the growing environmental concerns, there is an increase in the adoption of sustainable farming methods. This, coupled with a significant increase in the incidences of fungal infection, is contributing to the market growth. Moreover, government bodies of various countries are introducing reforms to help farmers manage pest outbreaks, get quality seeds, and access adequate credit to invest in production, which is creating a favorable market outlook.

Glufosinate Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the glufosinate market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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
• YongNong BioSciences CO. LTD.

Key Market Segmentation:

The report has segmented the global glufosinate market on the basis of crop type, formulation type, application and region.

Breakup by Crop Type:

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

Breakup by Formulation Type:

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

Breakup by Application:

• Herbicides
• Fungicides
• Desiccant
• Defoliant
• Others

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Article source: https://article-realm.com/article/Finance/35204-Glufosinate-Market-Size-Share-Trends-Analysis-Opportunity-and-Forecast-to-2027.html