Global Glufosinate
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Glufosinate Market Sales Revenue 2030 | $ 3.8 Billion |
Global Glufosinate Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.46% |
Market Split by Crop Type |
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Market Split by Application |
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Market Split by End-users |
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Market Split by Form |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Originally known as phosphinothricin, glufosinate is an organic chemical molecule (C5H12NO4P). In both agricultural and non-agricultural settings, glufosinate is primarily employed as an efficient herbicide on a broad range of plants and herbs to deter insects and other pests. Additionally known as ammonium salt, glufosinate is a naturally occurring, extremely effective herbicide that is made by several species of Streptomyces soil bacteria; glufosate and paraquat are the synthetic forms of glufosinate. Glufosinate's low toxicity, easy breakdown, and high efficacy in small doses make it a unique, low-complexity, and highly effective weed control option for a wide variety of crops and vegetables.
Farmers apply glufosinate herbicide just before harvest to kill leaves or plants so that the crop dries out more quickly and evenly from environmental conditions. This process is known as crop desiccation. Farmers use glufosinate herbicide because it ensures more protection and only works on the applied part of the crops and plant. Additionally, the use of glufosinate as a fungicide in crops to prevent various diseases is fueling the global market's expansion.
Additionally, the wide number of applications for glufosinate in marijuana and its high efficiency have expedited its market growth. Therefore, it is anticipated that the demanding agriculture sector will significantly fuel the expansion of the glufosinate market during.
A safe environment, more productivity, lower expenses, higher crop yields, and nutrient-dense food are just a few advantages of using genetically modified crops. Furthermore, one of the main drivers supporting the market's expansion is the growing demand for genetically modified crops due to increased global food consumption and a growing food crisis. Moreover, glufosinate-ammonium is becoming more popular as a fungicide for cereal crops, vegetables, and fruits as a result of farmers' increased concerns regarding fungal infection. Aside from this, spot treatments on residential lawns and golf course turf are two non-crop locations where glufosinate-ammonium is applied.
This is positively impacting the industry, as is the growing number of people playing golf and the growing popularity of home gardening due to rising income levels and increased urbanisation. Additionally, regulatory reforms are being implemented by the governing bodies of many nations to facilitate the management of insect outbreaks, the acquisition of high-quality seeds, and the availability of loans for farmers to invest in production. This is anticipated to produce a positive market outlook in the next years, together with the increasing use of sustainable agricultural practices.
Due to its broad-spectrum herbicide's ability to effectively control a variety of weeds, glufosinate has attracted a lot of attention from the agricultural world. Its mechanism of action interferes with the plant's capacity to make vital amino acids, which effectively and quickly controls weeds. Due to its favourable environmental properties, including its low persistence and soil mobility, glufosinate is a favoured option for farmers looking for environmentally friendly weed control methods.
Key growth drivers for the glufosinate market have emerged as regions including Asia-Pacific, Latin America, and parts of Africa that are going through tremendous agricultural expansion. In order to guarantee effective weed control and optimise crop yield, these regions have seen a rise in the use of herbicidal solutions due to the adoption of modern farming practices and growing farm sizes.
The need for effective weed management solutions grows as agricultural techniques change to suit the demands of a growing population and shifting climatic circumstances. In light of this, glufosinate becomes an essential weapon in the toolbox of contemporary farmers, propelling continual expansion and innovation in the agrochemical industry.
Growing agricultural activities owing to the need and requirement of the rapidly increasing population will act as a driving factor for the glufosinate market. For instance, in China, the agriculture industry constantly rises every year by at least 2.3%, which accounted for about USD 734.9 billion in the first three quarters and recorded nearly 670 billion kg in 2020, which marks the sixth consecutive year for China’s total food grain production that has crossed over 650 billion kg.
(Source: https://www.fao.org/3/ab981e/ab981e0c.htm)
These kinds of increases in agricultural activities and demand for genetically modified crops owing to their cost-effective characteristic and weed controlling properties will boost the growth of the glufosinate market globally.
Herbicides containing glufosinate are increasingly used by farmers as a plant protection measure. When glyphosate ammonium gets into contact with plants, it works better to control weeds without harming the soil, roots, or necessitating tillage. When used in conjunction with an integrated weed management programme (IWM), it also contributes to the development of resistance to other herbicides, hence increasing the use of glufosinate.
Furthermore, a lot of businesses are creating various items to expand their market by knowing the demand for glufosinate.
The BASF SE, a European-based multinational company, and the largest chemical producer in the world has offered glufosinate-ammonium as an active ingredient in several herbicide products such as Basta, Finale, Rely and Liberty. The wide availability of products can help in increasing the market size.
(Source:https://agriculture.basf.com/global/en/business-areas/crop-protection-and-seeds/weed-management/glufosinate-ammonium/basics/what-is-glufosinate-ammonium.html)
Governments are investing extensively in agricultural projects and initiatives since it is one of the most effective ways to improve environmental sustainability. The US Department of Agriculture launched a program called "The Agriculture and Food Research Initiative (AFRI)" to maintain food safety and security while also training the next generation of agricultural workers. The Canadian government gave the Canadian Federation of Agriculture (CFA) a total of $560,000 in 2020 to establish the Canadian Agri-Food Sustainability Initiative. Programs such as the Common Agricultural Policy (CAP) and Young Farmers have been adopted by the European government.
(Source:https://www.nifa.usda.gov/sites/default/files/2024-02/FY24-AFRI-SAS-RFA-P.pdf)
The new strategy aims to increase India's agricultural exports to US$60 billion by 2022 and US$100 billion in the next several years, assuming a stable trade policy regimen.
As a result of the government's numerous agricultural initiatives, the agriculture sector is growing everywhere. Additionally, as the agricultural sector grows, so too will the need for glufosinate, which is expected to propel market expansion throughout the course of the projected period.
The cost of the raw materials needed to produce glufosinate is one of the main factors influencing its price fluctuation. Changes in supply and demand, currency exchange rates, and geopolitical conflicts can all affect the cost of essential chemicals including phosphorus, ammonia, and phosphorus trichloride. Any interruption in the supply chain or unanticipated price increases may have an effect on the final cost of glufosinate and thus the stability of the market.
The glufosinate market's volatility is mostly shaped by speculative trading and market sentiment. The trading dynamics are heavily influenced by investor opinions about future demand, crop conditions, and geopolitical events, which in turn amplifies price variations.
In pricing mechanisms, disparities in supply and demand, when combined with unanticipated factors like weather anomalies or insect outbreaks, introduce a significant level of uncertainty, hence intensifying market volatility. Stakeholders must keep a close eye on these variables and take calculated action to lessen the negative impact of this volatility on market stability and profitability.
The dynamics of the market are being increasingly influenced by consumer tastes, especially in light of the growing demand for food items sourced responsibly. Customers of today are more conscious of the social and environmental effects of the things they buy, which is driving a increase in consumer demand for products produced using sustainable farming practices. When used responsibly in an integrated pest control system, glufosinate enables farmers to produce crops of outstanding quality and meets consumer needs for sustainability. By utilising these strategies, manufacturers can improve their market positioning and long-term sustainability in addition to satisfying the changing demands of environmentally concerned consumers.
A growing consciousness regarding environmental deterioration and the necessity of preservation has led agriculture industry participants to embrace methods that minimise pollution and cut down on chemical usage. Through the promotion of biodiversity, soil health, and water quality, sustainable agriculture practices—which include the use of ecologically friendly herbicides like glufosinate—align with these issues.
The demand for new agricultural inputs has increased due to the amazing spike in technology breakthroughs in the agricultural industry worldwide in recent years, which has revolutionised traditional farming practices. One significant factor propelling market expansion in this dynamic environment is the growing use of sophisticated herbicides, especially glufosinate.
The compatibility of glufosinate with contemporary agricultural techniques, such as genetically modified (GM) crop production and precision farming, is one of the main factors driving the demand for the substance. Thanks to technological developments, farmers may now manage weed populations and protect agricultural yields by creating crop varieties that are resistant to glufosinate. Glufosinate-based products are becoming more and more popular as a result of the introduction of precision application technologies like drones and autonomous machines, which have improved the efficiency and accuracy of herbicide application.
The development of highly concentrated and ecologically friendly glufosinate formulations has been made possible by advancements in formulation technologies, which also reduce the possibility of off-target damage and address environmental impact issues. Due to these developments, farmers looking for economical and environmentally friendly weed control options now favour glufosinate.
The COVID-19 pandemic had a little impact on the demand and market for glufosinate worldwide. A brief drop-in agricultural activity hindered the market for pesticides and herbicides, which in turn slowed the expansion of the glufosinate market. The global lockout has had a substantial impact on the supply chains of various industries worldwide, leading to an increase in the supply-demand gap. It has brought to light a number of issues facing a number of industries, including agriculture, biotechnology, and the medical field, among others. The market in several nations, the most affected of which are China, Australia, Canada, and the United States, was disrupted by the closure of biomedical and biotechnology facilities. The output of world crops was also impacted, with a minor reduction observed in its sales.
The pandemic has bought a disruption in the supply chain which has led to a decrease in demand for the glufosinate market. Moreover, many manufacturing companies are partially shut down due to government lockdown restrictions. Agriculture practices are also slowed down due to less availability of raw materials. This led to a negative impact on the global glufosinate market.
According to the Government of India, Agriculture and Allied Sectors registered a growth of 3.4% during 2020-21 even as the overall economic growth declined by -7.2% during the same period.
(Source: https://pib.gov.in/Pressreleaseshare.aspx?PRID=1697512)
With the exception of the pharmaceutical sector, practically all glufosinate end-use businesses have suffered as a result of the COVID-19 epidemic. But now that the pandemic is being gradually contained, the market will resume growing at its typical rate in all areas.
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New product launches, expansion, and investments are some of the key strategies adopted by the players in the glufosinate market to expand their production capacity and to increase their business portfolio in the market. This has helped market players to diversify their business geographically, strengthen distribution networks, and enhance their product portfolios.
Market leaders such as Bayer AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), and UPL (India) have successfully tapped the potential markets through such strategic decisions.
Recent Market Developments:
(Source: https://www.basf.com/global/en/media/news-releases/2020/09/p-20-297.html)
(Source; https://www.basf.com/global/en/media/news-releases/2022/08/p-22-309.html)
Top Companies Market Share in Glufosinate Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Glufosinate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Glufosinate Industry growth. Glufosinate market has been segmented with the help of its Crop Type, Application End-users, and others. Glufosinate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on Crop Type, the cereals and grains segment will dominate the global Glufosinate market in the year 2023. Based on crop type, the market is divided into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others
The cereals and grains segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. The demand for the glufosinate is high in the cereals and grains crop segment. Among all crop types, cereals and grains contribute most to the human supply, and the production of these crops is higher than other crops. Rice, wheat, maize, and pulses are the most grown crops across the globe, further driving the market growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Glufosinate Industry. Request a Free Sample PDF!
Based on Application, the Herbicide segment dominated the global Glufosinate market. Based on Application, the global Glufosinate market is segmented into Herbicide, Plant Breeding, Liquid Chromatography, and Others.
The Herbicide segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. Herbicide contribution in the agriculture industry is fuelling the growth of the glufosinate market globally, as it finds its application in young crops and herbs during their early stages of development to acquire the full productivity of product applied. The glufosinate market is expected to gain substantial attention during the forecast period mainly due to the rapidly advancing agrochemical sector and the demanding need to protect crops from various diseases. The rising technological advancements within the agriculture sector have led to the emergence of genetically modified crops. In addition, the increase in the number of agricultural farmlands to suffice the continuously growing population will drive the market expansion. Glufosinate is especially secure to use herbicide, which helps to regulate the growth of important weeds. Unrestrained demand for horticulture and biotechnology will additionally contribute to the glufosinate market growth. Thus, these multiple advantages and uses associated with glufosinate are expected to boost the growth of the global glufosinate market. But hence, glufosinate majorly finds its application in agriculture, which alone is driving the growth of the market massively.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Glufosinate market report 2024 Edition by contacting our team.
Based on End-users, the Agriculture segment dominated the global Glufosinate market. Based on End-users, the global Glufosinate market is segmented into Agriculture, Bio-Medical and Bio-Technology, Pharmaceutical, Environment, and Others.
The Agriculture segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. The demand for glufosinate is predicted to expand within the next few years of the forecast period, thanks to the growing yield of agricultural crops such as corn, soybean, beans, canola, sugar beets, sugar cane, and sweet potato that are genetically modified to tolerate glufosinate, due to which the agricultural sector is expected to contribute significantly to the glufosinate market. Foodgrains and cereals recorded the highest revenue compared to other crops owing to the inflow of glufosinate tolerant crops. The rising consumption, presence of greater yield, growing demand, and harvest of food grains in several countries will positively contribute to the agricultural segment of the market. For instance, according to the Economic Survey of India 2020-21 report, the country's total food grain production in 2020 was 296.65 million tons, up by 11.44 million tons from 2019 which was 285.21 million tons. Glufosinate has become a crucial herbicide in worldwide agriculture because it allows farmers to manage weeds in a variety of crops while maintaining a balance between environmental, economic, and social needs, which is why it is valued in food crops mainly. As a result of such a growing focus on the agriculture industry, it is projected to fuel the growth of the global glufosinate market over the forecast period.
Based on Form, the Liquid segment dominated the global Glufosinate market. Based on form, the global Glufosinate market is segmented into Liquid, and Solid - Dry.
The Liquid segment is projected to grow at a CAGR of XX% and hold the largest market share over the forecast period. The liquid concentration of glufosinate dominated the global glufosinate market, owing to its advantages like mixing readily with water, being non-volatile, not abrasive, ease of transport and storage, and easy application. The liquid form of glufosinate is widely employed compared to solid-dry form is because of its low-temperature stability, which can have an extended process and duration of usage. The liquid glufosinate is increasingly used due to the growing need for low-temperature stability in various industrial and non-industrial activities. Liquid glufosinate is a comparatively easy-to-use formulation and is highly employed in the agricultural industry for weed control for it to have minimal toxicity and direct effect on animal species. The growing popularity of agrochemicals, biotechnology, biomedical, and the higher need for safe products like naturally occurring glufosinate herbicide will boost the glufosinate market growth. As a result, the demand for liquid glufosinate can be seen and will increase significantly, which contributes to increased business growth.
The Asian-Pacific region has dominated the Glufosinate Market. In terms of value, Asia-Pacific held XX% share of the global Glufosinate market. Asia-Pacific is anticipated to dominate the Glufosinate market globally. Asia-Pacific has been a dominant force in the global glufosinate market and its significance has only grown in the post-2020 era. Farmers are adopting glufosinate herbicides compared to other conventional herbicides as they provide an active ingredient glufosinate ammonium which works effectively in killing the weeds by not damaging the crop quality. More adoption by the farmers is driving the market in this region. Furthermore, the presence of vast agricultural land helps in increasing the usage of glufosinate in the agriculture sector in this region. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, 55% of Australian land is used for agriculture purposes which is about 427 million hectares. The demand for glufosinate will be increasing with the increase in agriculture practices, and this lead to an increase in the global glufosinate market. Additionally, the government in this region has banned the usage of alternative herbicides such as glyphosate for use as weed controllers. The government of India has banned glyphosate herbicides in some regions of the country such as Andhra Pradesh, Kerala and Telangana. This can lead to an increase in the adoption of glufosinate herbicides in this region.
The North American Glufosinate Market is anticipated to grow at the fastest CAGR from 2023 to 2032. North America accounted for around XX% in 2022 e. North America boasts a substantial agricultural sector, with extensive areas dedicated to crop cultivation. The region's vast farmland provides a significant market for herbicides like glufosinate. North America is at the forefront of agricultural innovation, with advanced farming practices, machinery, and technologies widely adopted across the continent. The integration of precision agriculture techniques, including the use of genetically modified crops resistant to glufosinate, has contributed to the high demand for this herbicide in the region.
The current report Scope analyzes Glufosinate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Glufosinate Market is witnessing significant growth in the near future.
In 2023, the Cereals and Grains segment accounted for noticeable share of global Glufosinate Market and is projected to experience significant growth in the near future.
The Herbicides segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE , Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Crop Type | Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others |
Application | Herbicides, Fungicides, Desiccant, Defoliant, Others |
End-users | Agriculture, Bio-Medical and Bio-Technology, Pharmaceutical, Environment, Others |
Form | Liquid, Dry |
List of Competitors | 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. |
This chapter will help you gain GLOBAL Market Analysis of Glufosinate. Further deep in this chapter, you will be able to review Global Glufosinate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Glufosinate Market Trends North America Glufosinate Technological Road Map North America Glufosinate Market Drivers North America Glufosinate Market Restraints North America Glufosinate Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Crop Type Analysis 2019 -2031, will provide market size split by Crop Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Crop Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-users Analysis 2019 -2031
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Chapter 13 Market Split by Form Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Glufosinate market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cereals and Grains have a significant impact on Glufosinate market? |
What are the key factors affecting the Cereals and Grains and Oilseeds and Pulses of Glufosinate Market? |
What is the CAGR/Growth Rate of Herbicides during the forecast period? |
By type, which segment accounted for largest share of the global Glufosinate Market? |
Which region is expected to dominate the global Glufosinate Market within the forecast period? |
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