Glufosinate Market Report by Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, and Others), Application (Herbicides, Fungicides, Desiccant, Defoliant, and Others), and Region 2024-2032

Glufosinate Market Report by Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, and Others), Application (Herbicides, Fungicides, Desiccant, Defoliant, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4189
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Market Overview:

The global glufosinate market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.5 Billion
Market Forecast in 2032
US$ 4.7 Billion
Market Growth Rate (2024-2032) 7.3%


Glufosinate, also known as ammonium salt, is a naturally occurring broad-spectrum herbicide produced using different species of Streptomyces soil bacteria. It acts as a unique, simple, and effective weed control solution for a variety of crops. As a result, it is applied to young plants during their early development stage for full effectiveness. Nowadays, researchers are focusing on developing new glufosinate-resistant crops that enable a substantial increase in yields and offer significant agricultural advantages.

Glufosinate Market

Glufosinate Market Trends:

The use of genetically modified crops offers various benefits, which include high crop yields, reduced costs, enhanced output, nutritious food and offering a safe environment. Additionally, the escalating demand for genetically modified crops on account of the rising consumption of food and increasing shortage of food around the world represents one of the major factors bolstering the growth of the market. Moreover, due to the growing concerns among farmers about fungal infection, glufosinate-ammonium is gaining traction as a fungicide for cereal crops, vegetables, and fruits. Apart from this, glufosinate-ammonium is used on non-crop areas, such as golf course turf and spot treatments on residential lawns. This, along with the increasing number of individuals participating in golf and the emerging trend of home gardening on account of rapid urbanization and inflating income levels, is also influencing the market positively. Furthermore, governing agencies of numerous countries are implementing various regulatory reforms to make it easier for farmers to manage pest outbreaks and get quality seeds and access credit to invest in production. This, in confluence with the growing adoption of sustainable farming practices, is expected to create a favorable market outlook in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global glufosinate market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on crop type, formulation type and application.

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:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and YongNong BioSciences CO. LTD.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Crop Type, Formulation Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and YongNong BioSciences CO. LTD.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global glufosinate market was valued at US$ 2.5 Billion in 2023.

We expect the global glufosinate market to exhibit a CAGR of 7.3% during 2024-2032.

The escalating demand for genetically modified crops, along with the growing usage of glufosinate- ammonium as a fungicide for cereal crops, vegetables, and fruits, is primarily driving the global glufosinate market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in temporary closure of numerous manufacturing units for glufosinate.

Based on the crop type, the global glufosinate market can be segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. Among these, oilseeds and pulses currently hold the majority of the total market share.

Based on the formulation type, the global glufosinate market has been divided into aqueous suspension, liquid, suspension concentrate, soluble (liquid) concentrate, and others. Currently, soluble (liquid) concentrate exhibits a clear dominance in the market.

Based on the application, the global glufosinate market can be categorized into herbicides, fungicides, desiccant, defoliant, and others. Among these, herbicides represent the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global glufosinate market 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, and YongNong BioSciences CO. LTD.

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Glufosinate Market Report by Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, and Others), Application (Herbicides, Fungicides, Desiccant, Defoliant, and Others), and Region 2024-2032
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