Glufosinate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2023 – 2032

Glufosinate Market size is anticipated to attain substantial traction from 2023 to 2032 due to the rapidly growing agrochemical sector and the surging need to protect crops from diseases. Rising tech innovations in the agriculture sector have led to the emergence of genetically modified crops. In addition, the increase in farmlands will drive market expansion.
 

Glufosinate is safe to use as a herbicide, which helps to control the growth of important weeds and is applied to immature plants at their early development stage to retrieve better results. Moreover, excessive demand for horticulture will continue shaping the glufosinate market growth curve.
 

The inflation has also adversely impacted the prices of fertilizers, and all other agricultural services. In addition, the conflict between Russia and Ukraine has aggravated the situation, which is anticipated to hinder market expansion over the coming years. Not to mention, ongoing efforts by leading market players and governments to stabilize the situation would offer lucrative prospects to the industry outlook in the coming years.
 

The liquid glufosinate segment is pegged to observe notable gains through 2032 owing to the increasing need for low-temperature stability in various industrial and non-industrial verticals. Liquid glufosinate is easy to use and is increasingly employed in agricultural areas for weed control whilst having a minimal direct effect on animals. The growing popularity of agrochemicals and the higher need for product safety will bolster the market proliferation.
 

Glufosinate market share from agricultural sector is anticipated to grow exponentially. It includes oilseeds and pulses, grains and cereals, plantation crops, fruits and vegetables, and pastures. The demand for glufosinate in grains & cereals will substantially increase due to the influx of C5H12NO4P tolerant crops. The rising consumption and greater yield in most APAC countries will positively contribute to the application outlook of the market. As per reliable reports, India enjoys the position of being the largest gross irrigated crop area in the world with more than 215 million acres of land.
 

North America glufosinate market will gain notable proceeds due to the alleviating popularity of bio-based agro solutions and the higher yield of glufosinate-tolerant crops. This has led to an increase in the number of research activities and programs in the region. Furthermore, other key factors such as presence of various production facilities and industry players in the region would support the industry growth.
 

The glufosinate market key players include Zhejiang Yongnong Chemical, Jiangsu Sevencontinent Green Chemical, Veyong, the DOW Chemical (Dow Inc.), Du Pont, United Phosphorus, Syngenta (ChemChina), Jiangsu Huangma Agrochemicals, and Nufarm. These major manufacturers are upping their game to secure a prominent share in the marketplace via strategic efforts such as acquisitions, partnerships, and more.
 

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