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2019
Glufosinate Market

Glufosinate Market

by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A01113
Pages: 249
Dec 2019 | 12423 Views
Author(s) : Saurabh D, Shruti H , Eswara P
Tables: 142
Charts: 47
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Glufosinate Market Outlook - 2026

The global glufosinate market was valued at $544.8 million in 2018, and is projected to reach $2,097.7 million by 2026, growing at a CAGR of 19.0% from 2019 to 2026. Glufosinate is highly efficient herbicide used to control broad ranges of weeds and also in the diseases on more than 100 crops globally. Farmers depend on glufosinate herbicide as it ensures more protection, as it works only on the applied part of the plant. Glufosinate has wide variety of applications across agricultural and non-agricultural sectors. This product is used as a substitute for glyphosate and paraquat. This is also used as fungicide for protection of crops against diseases, which can help to upsurge the market globally.

Increase in demand for genetically modified crops owing to its cost-effective characteristic and weed controlling properties boost the growth of the glufosinate market globally. Herbicide contribution in securing food bowl fuels the growth of the market across the globe. Toxic effects of glufosinate on animals and stringent government regulations are the restraining factors in the growth of market globally. Glufosinate herbicide tolerant genetically modified crop acceptance and approval trend in the crop yield and rapid growth in market in the regions such as Asia-Pacific expected to be the upcoming opportunities for the key players in glufosinate market growth.

Glufosinate Market

The global glufosinate market size is segmented into crop type, formulation type, and region. Depending on crop type, the market is classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. On the basis of formulation type, market is categorized into aqueous suspension, liquid, suspension concentrate, soluble (liquid) concentrate, and others. Region wise, the glufosinate market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America has the highest market share in terms of crop type. This is attributed to the presence of production facilities and largest consumer base in the region. Asia-Pacific noted the highest growing rate in the glufosinate market during the forecast period (2019-2026).

The global glufosinate market analysis covers in-depth information of the major industry participants. Some of the major players in the market include Bayer AG, Limin Chemical Co., Ltd., Zhejiang Yongnong Chem. Ind. Co., Ltd., UPL Limited, Lier Chemical Co., Ltd., Jiangsu Seven Continents Green Chemical Co., Ltd., SinoHarvest Corporation, DuPont de Nemours, Inc., BASF SE, and Nufarm limited.

Other players operating in the value chain of the global market are Syngenta, United Phosphorous, Inner Mongolia Jiaruimi Fine Chemical Co. Ltd., Jiangsu Huangma Agrochemicals Co., Ltd., and others. Key players are adopting numerous strategies such as product launch, acquisition to stay competitive in the global glufosinate market. For instance, UPL launched glufosinate based herbicide at the twelfth Brazilian Cotton Congress. This new product named as Trunfo herbicide which has grufosinate as an active ingredient. This will reinforce the product portfolio of the company. Also, the key player Nufarm launched new Cheetah Pro Herbicide product. It is a non-selective herbicide for control of grassy and broadleaf weeds. It is labeled for control of more than 100 grassy and broadleaf weeds and sedges in a variety of golf, turf and landscape settings. This product launch enhanced the product portfolio of the firm.

Global Glufosinate Market, by Crop Type

By type, the oilseeds and pulses segment has garnered the highest glufosinate market share in 2018 due to its advantage as a highest cash producer crop type. Growth opportunities for glufosinate herbicide is expected from the crop type cereals & grains owing to increase in yield in the Asia-Pacific region.

Glufosinate Market
By Crop Type

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Oilseeds & Pulses is projected as the most lucrative segment.

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Global Glufosinate Market, by Formulation Type

By formulation type, soluble (liquid) concentrate garnered highest market share in terms of revenue generation in the global glufosinate market, owing to advantages such as mix readily with water, non-volatile, not abrasive and easy of transport, storage.

Glufosinate Market
By Formulation Type

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Soluble (Liquid) Concentrate is projected as the most lucrative segment.

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Global Glufosinate Market, by Region

By region, Asia-Pacific is anticipated to experience rapid growth in market during the forecast period. This is attributed to the rise in consumer base in the region. North America dominated the highest market share in the glufosinate market. The global glufosinate herbicides are majorly used in oilseeds & pulses and cereals & grains crop types. Countries contributing majorly to the global glufosinate market in Asia-Pacific are China, India, and South Korea.

Glufosinate Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit an CAGR of 20.3% during 2019-2026.

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Key Benefits for Glufosinate Market:

  • The report provides an extensive qualitative and quantitative analysis of the current glufosinate market trends and future estimations of the global market share from 2018 to 2026 to determine the prevailing opportunities
  • A comprehensive glufosinate market analysis of the factors that drive and restrict the growth of the market is provided
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
  • Profiles of leading players operating in the glufosinate market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth of market

Glufosinate Market Report Highlights

Aspects Details
By Crop Type
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others
By Formulation Type
  • Aqueous Suspension
  • Liquid
  • Suspension Concentrate
  • Soluble (Liquid) Concentrate
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, Rest of LAMEA)
Key Market Players Bayer AG, Limin Chemical Co., Ltd, Zhejiang Yongnong Chem. Ind. Co., Ltd., UPL Limited, Lier Chemical Co., Ltd., Jiangsu Seven Continents Green Chemical Co., Ltd, SinoHarvest Corporation, DuPont de Nemours, Inc., BASF SE, Nufarm Limited
 

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According to the perspectives of CXOs of leading companies, development of genetically modified glufosinate-tolerant crops, broad weed spectrum, and high efficacy of glufosinate are the major factors driving the growth of the global glufosinate market. In addition, it is one of the better substitutes for glyphosate and paraquat. However, toxicity in flora and fauna owing to usage of glufosinate herbicides and complexities in its manufacturing process hamper the market growth. Currently, oilseeds and pulses is the leading consumer of glufosinate herbicides amongst all the crop types owing to its advantage of cash producing crop. According to the CXOs, the demand for glufosinate is witnessing significant growth in all the regions, due to its broad weed spectrum and comparatively less adverse effects on crops.

Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global glufosinate market throughout the forecast period (2019-2026) followed by Asia-Pacific, Europe, and LAMEA.

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