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Glufosinate Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Bayer AG, YongNong BioSciences Co Ltd., UPL Limited., DuPont de Nemours Inc., Hebei Veyong Biochemical Co Ltd
Glufosinate Market
Glufosinate Market Size, Growth Rate, And Forecast
The global glufosinate market size is expected to grow from $2.09 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global glufosinate market size is expected to reach $3.27 billion in 2027 at a CAGR of 6.8%.
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Glufosinate Market Drivers
The demand for genetically modified crops is expected to propel the growth of the glufosinate market going forward. Genetic modification crop involves inserting a specific stretch of genetic material into the plant's genome to provide new or altered features that are utilized to produce ingredients for human use such as corn flour, corn syrup, and corn oil.
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Glufosinate Market Segments
1) By Crop Type: Genetically Modified Crops, Conventional Crops
2) By Formulation: Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, Other Formulations
3) By Application: Non-Agricultural, Agricultural, Oilseeds And Pulses, Grains And Cereals, Fruits And Vegetables, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Glufosinate market.
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Glufosinate Market Key Players
Major players in the glufosinate market are Bayer AG, YongNong BioSciences Co Ltd., UPL Limited., DuPont de Nemours Inc., Hebei Veyong Biochemical Co Ltd., Jiangsu Huangma Agrochemicals Co Ltd., Nufarm Ltd., Limin Chemical Co Ltd., Lier Chemical Company Ltd., SinoHarvest, BASF SE, The Monsanto Company, Jiangsu Seven Continents Green Chemical Co Ltd., Inner Mongolia Jiaruimi Fine Chemical Co Ltd., and Simonis BV.
The Business Research Company's "Global Glufosinate Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Glufosinate Market Include:
1. Executive Summary
2. Glufosinate Market Characteristics
3. Glufosinate Market Trends And Strategies
4. Glufosinate Market - Macro Economic Scenario
5. Glufosinate Market Size And Growth
……
27. Glufosinate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glufosinate Market
29. Glufosinate Market Future Outlook and Potential Analysis
30. Appendix
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