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Press Release:

Global Glufosinate Market to Grow at 9.17% During 2022-2027, Augmented by Rising Adoption of Sustainable Farming

COVID-19
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Get detailed insights regarding the impact of COVID-19 on the market.

Glufosinate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global glufosinate market reached a value of US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a CAGR of 9.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

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 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, along with forecasts at the global, regional and country level from 2022-2027. 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Glufosinate Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Crop Type
    6.1    Cereals and Grains
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Oilseeds and Pulses
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Fruits and Vegetables
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Formulation Type
    7.1    Aqueous Suspension
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquid
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Suspension Concentrate
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Soluble (Liquid) Concentrate
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Application
    8.1    Herbicides
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Fungicides
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Desiccant
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Defoliant
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    BASF SE
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    DuPont de Nemours Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Jiangsu Sevencontinent Green Chemical Company Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    LIER Chemical Co. Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Nufarm
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    SinoHarvest
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    UPL Limited
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    YongNong BioSciences CO. LTD.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio

List of Figures

Figure 1: Global: Glufosinate Market: Major Drivers and Challenges
Figure 2: Global: Glufosinate Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Glufosinate Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Glufosinate Market: Breakup by Crop Type (in %), 2021
Figure 5: Global: Glufosinate Market: Breakup by Formulation Type (in %), 2021
Figure 6: Global: Glufosinate Market: Breakup by Application (in %), 2021
Figure 7: Global: Glufosinate Market: Breakup by Region (in %), 2021
Figure 8: Global: Glufosinate (Cereals and Grains) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Glufosinate (Cereals and Grains) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Glufosinate (Oilseeds and Pulses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Glufosinate (Oilseeds and Pulses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Glufosinate (Fruits and Vegetables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Glufosinate (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Glufosinate (Other Crop Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Glufosinate (Other Crop Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Glufosinate (Aqueous Suspension) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Glufosinate (Aqueous Suspension) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Glufosinate (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Glufosinate (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Glufosinate (Suspension Concentrate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Glufosinate (Suspension Concentrate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Glufosinate (Soluble Concentrate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Glufosinate (Soluble Concentrate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Glufosinate (Other Formulation Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Glufosinate (Other Formulation Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Glufosinate (Herbicides) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Glufosinate (Herbicides) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Glufosinate (Fungicides) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Glufosinate (Fungicides) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Glufosinate (Desiccant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Glufosinate (Desiccant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Glufosinate (Defoliant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Glufosinate (Defoliant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Glufosinate (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Glufosinate (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Glufosinate Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Glufosinate Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Glufosinate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Glufosinate Industry: SWOT Analysis
Figure 86: Global: Glufosinate Industry: Value Chain Analysis
Figure 87: Global: Glufosinate Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Glufosinate Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Glufosinate Market Forecast: Breakup by Crop Type (in Million US$), 2022-2027
Table 3: Global: Glufosinate Market Forecast: Breakup by Formulation Type (in Million US$), 2022-2027
Table 4: Global: Glufosinate Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Glufosinate Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Glufosinate Market: Competitive Structure
Table 7: Global: Glufosinate Market: Key Players


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Key Questions Answered in This Report

The global glufosinate market was valued at US$ 2.0 Billion in 2021.

We expect the global glufosinate market to exhibit a CAGR of around 9.17% during 2022-2027.

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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