Title: Glufosinate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027
1Glufosinate MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Glufosinate market size is forecast to reach
US3.8 billion by 2027 after growing at a CAGR of
10.2 during 2022-2027. - Glufosinate is an organic chemical compound
(C5H12NO4P), which is originally
called phosphinothricin. - Glufosinate is mainly used as an
effective herbicide in a wide variety of crops
and herbs to prevent insects and bugs in both
agricultural farms and non-agricultural uses. - Glufosinate is also being called ammonium salt,
which is a naturally occurring highly
efficient herbicide, which is produced using
different species of Streptomyces soil bacteria,
whereas glufosate and paraquat are the synthetic
versions of glufosinate.
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- Key Takeaways
- Asia-Pacific mainly dominates the Glufosinate
market, owing to the growing crop production in
the region. - The increasing new forms of pests and plant
disease, and the need for the farmers to guard
their crops against unwanted weeds, fungi, and
bacteria are the main factors driving the
expansion of the glufosinate market. - Moreover, the increasing government investments,
schemes, and attention towards the agriculture
industry are expected to cause product demand in
near future.
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- Glufosinate Market Segment Analysis By
Application -
- The herbicide segment held the largest share of
44 in the glufosinate market in 2021. - Herbicide contribution in the agriculture
industry is fuelling the growth of the
glufosinate market globally, as it finds its
application in young crops and herbs during their
early stages of development to acquire the full
productivity of product applied. - Thus, these multiple advantages and uses
associated with glufosinate are expected to boost
the growth of the global glufosinate market.
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- Glufosinate Industry Outlook
- Bayer CropScience
- Syngenta
- Monsanto Company
- BASF SE
- Lier Chemical
- Jiangsu Huangma
- Dow AgroSciences
- Hebei Veyong Biochemical Co., Ltd. Co., Ltd.
- Zhejiang YongNong
- Nufarm Americas
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