Global Glufosinate Market Analysis, Growth, Share, Trends, Size and Forecast
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 the growing use of glufosinate as a fungicide for the protection of crops against diseases are propelling the growth of the global glufosinate market.
Important Factors 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 the emerging trend of gardening are some of the factors supporting the growth of the global glufosinate market. However, the 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. A mounting number of farmlands and the 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 the 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 the growing popularity of bio-based agro solutions and the rise in the number of research activities and programs in the region.
The Global Glufosinate market is controlled by these major players
The objective of the Study?Global Glufosinate Market
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 forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the 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 TechSci Research.
Key Target Audience for?Global Glufosinate Market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Glufosinate manufacturers, distributors, dealers, customers, and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
Attribute
Details
Base Year
2021
Historical Years
2017?– 2020
Estimated Year
2022
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Forecast Period
2023 – 2027
Quantitative Units
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered
Regional Scope
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope
United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran
Key Companies Profiled
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).
Customization Scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options
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Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Report Scope:
In this report, the Glufosinate has been segmented into the following categories in addition to the industry trends which have also been detailed below: