Glufosinate Market Report: Trends, Forecast and Competitive Analysis to 2030

Glufosinate Trends and Forecast

The future of the global glufosinate market looks promising with opportunities in the agricultural and non-agricultural markets. The global glufosinate market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing demand for alternative herbicides, growing adoption of genetically modified crops, and surging weed resistance applications in the global agricultural industry.

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Glufosinate by Segment

The study includes a forecast for the global glufosinate by crop type, product, applicaton, and region.

Glufosinate Market by Crop Type [Shipment Analysis by Value from 2018 to 2030]:

• Genetically Modified Crops
• Conventional Crops

Glufosinate Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Liquid
• Dry

Glufosinate Market by Applicaton [Shipment Analysis by Value from 2018 to 2030]:

• Agricultural
• Non-Agricultural
• Others

Glufosinate Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Glufosinate Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glufosinate companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glufosinate companies profiled in this report include-

• Bayer
• The Dow Chemical
• Syngenta
• UPL
• E. I. du Pont de Nemours
• Jiangsu Sevencontinent Green Chemical
• Jiangsu Huangma Agrochemicals
• Nufarm
• Hebei Veyong Bio-Chemical
• Zhejiang Yongnong Chemical

Glufosinate Market Insights

Lucintel forecasts that genetically modified crop will remain the larger segment over the forecast period as they are widely available and are used extensively in the production of numerous products.

Within this market, agricultural will remain the largest segment due to the increasing yield of genetically modified crops that can withstand glufosinate.

North America will remain the largest region over the forecast period due to rising acreage under glufosinate-tolerance crops, resistance development to glyphosate herbicide products and presence of large consumer base in the region.

Features of the Global Glufosinate Market

Market Size Estimates: Glufosinate market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Glufosinate market size by crop type, product, applicaton, and region in terms of value ($B).

Regional Analysis: Glufosinate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different crop types, products, applicatons, and regions for the glufosinate market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the glufosinate market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the glufosinate market size?

Answer: The global glufosinate market is expected to reach an estimated $3.6 billion by 2030.

Q2. What is the growth forecast for glufosinate market?

Answer: The global glufosinate market is expected to grow with a CAGR of 7.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the glufosinate market?

Answer: The major drivers for this market are increasing demand for alternative herbicides, growing adoption of genetically modified crops, and surging weed resistance applications in the global agricultural industry.

Q4. What are the major segments for glufosinate market?

Answer: The future of the glufosinate market looks promising with opportunities in the agricultural and non-agricultural markets.

Q5. Who are the key glufosinate market companies?

Answer: Some of the key glufosinate companies are as follows.

• Bayer
• The Dow Chemical
• Syngenta
• UPL
• E. I. du Pont de Nemours
• Jiangsu Sevencontinent Green Chemical
• Jiangsu Huangma Agrochemicals
• Nufarm
• Hebei Veyong Bio-Chemical
• Zhejiang Yongnong Chemical

Q6. Which glufosinate market segment will be the largest in future?

Answer: Lucintel forecasts that genetically modified crop will remain the larger segment over the forecast period as they are widely available and are used extensively in the production of numerous products.

Q7. In glufosinate market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising acreage under glufosinate-tolerance crops, resistance development to glyphosate herbicide products and presence of large consumer base in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the glufosinate market by crop type (genetically modified crops and conventional crops), product (liquid and dry), applicaton (agricultural, non-agricultural, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?