MARKET INTRODUCTION
Glufosinate is also known as phosphinothricin and is sold as an ammonium salt. It is a naturally occurring broad-spectrum herbicide manufactured by several species of streptomyces soil bacteria. Glufosinate is used to control important weeds such as morning glories, hemp sesbania (Sesbania bispinosa), Pennsylvania smartweed (Polygonum pensylvanicum) and yellow nutsedge. Glufosinate also provides protection against various plant diseases, as it also acts to kill fungi and bacteria.
MARKET DYNAMICS
The glufosinate market has witnessed significant growth owing to factors such as the steady expansion of the use of herbicide-tolerant crops coupled with rising demand for glufosinate as a substitute for glyphosate and paraquat. Moreover, rapid growth in the agriculture sector in emerging regions such as Asia Pacific and South America provides a huge market opportunity for the key players operating in the glufosinate market. However, the toxic effects of glufosinate and stringent government regulations are projected to hamper the overall growth of the glufosinate market.
MARKET SCOPE
The "Global Glufosinate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glufosinate market with detailed market segmentation by crop type, form, application and geography. The global glufosinate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glufosinate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glufosinate market is segmented on the basis of crop type, form, and application. On the basis of crop type, the glufosinate market is segmented into genetically modified crops and conventional crops. The glufosinate market on the basis of the form is classified into liquid and dry. Based on application the global glufosinate market is divided into agricultural and non-agricultural. The agriculture application segment is further bifurcated into grains and cereals, oilseeds and pulses, fruits and vegetables, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glufosinate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glufosinate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glufosinate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glufosinate market in these regions.
MARKET PLAYERS
The reports cover key developments in the glufosinate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glufosinate market are anticipated to lucrative growth opportunities in the future with the rising demand for Glufosinate in the global market. Below mentioned is the list of few companies engaged in the Glufosinate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glufosinate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer AG
- E.I. Du Pont De Nemours and Company
- Jiangsu Huangma Agrochemicals Co.,Ltd.
- Lier Chemical Co., Ltd.
- Nufarm Limited
- Syngenta AG
- The DOW Chemical Company
- UPL Limited
- Zhejiang Yongnong Chem. Ind. Co., Ltd
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