Expert View: Glufosinate Market Set to Grow at 19.0% CAGR, Reaching $2.1 Billion by 2026

According to a recent report by Allied Market Research, the global glufosinate industry is projected to reach $2,097.7 million by 2026, growing at a CAGR of 19.0% from 2019 to 2026. This in-depth analysis provides valuable insights into market size, share, dynamics, segmental & regional trends, and the competitive landscape during the forecast period.

The report serves as a strategic resource for businesses, investors, stakeholders, and new market entrants, helping them assess the industry landscape for informed decision-making. It highlights key benefits for stakeholders and outlines the research methodology, offering a comprehensive understanding of the market.

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Prime determinants of the industry

The global glufosinate industry growth is driven by rise in demand for genetically modified (GM) crops due to their cost-effectiveness and weed-control properties. As a key herbicide, glufosinate plays an important role in ensuring food security, further fueling market growth across the globe. However, concerns over its toxic effects on animals and stringent government regulations act as major restraints. Despite these challenges, increase in acceptance and approval of glufosinate herbicide-tolerant GM crops are shaping future market trends. With advancements in agricultural biotechnology and surge in need for high-yield crops, the sector is expected to experience substantial growth in the coming years.

Regional highlights

The Asia-Pacific region, in particular, has witnessed rapid expansion, presenting lucrative opportunities for key players. The region is expected to witness significant market growth during the forecast period, driven by an expanding consumer base. Meanwhile, North America holds the largest market share, leading the global glufosinate herbicides sector. These herbicides are primarily used for oilseeds, pulses, cereals, and grains. In Asia-Pacific, key contributors to market growth include China, India, and South Korea.

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Promising use cases of glufosinate herbicide

Glufosinate is recognized for its effectiveness against a wide range of weeds, including those resistant to glyphosate. It is applied during early plant development and is used for crop desiccation before harvesting. The herbicide works by inhibiting photosynthesis and causing toxic ammonia build-up in plants.

Moreover, in October 2024, the U.S. Environmental Protection Agency (EPA) registered a new herbicide active ingredient, glufosinate-P, which offers an effective solution for weed control in corn and soybean crops. This approval is highly beneficial for farmers worldwide as it provides an alternative to the recently restricted di camba herbicide. Glufosinate-P allows for flexible application timing and requires approximately half the application rate compared to existing glufosinate products, resulting in reduced environmental impact.

In India, glufosinate-ammonium is mainly used for weed control in tea and cotton cultivation. However, reports indicate its unauthorized use on various food crops across multiple states, raising food safety concerns due to uncertain waiting periods between application and harvest.

Recent studies have identified mechanisms of glufosinate resistance in weeds such as Eleusine indica and Amaranthus palmeri. Resistance is associated with gene amplification and overexpression of target enzymes such as glutamine synthetase (GS1) and EPSPS, along with mutations such as T102I + P106S. These adaptations enhance enzyme activity and reduce herbicide binding. Various non-target mechanisms, such as reduced herbicide translocation, are also feasible with this herbicide. Understanding these processes is helpful for farmers for developing improved formulations and management strategies to combat resistance effectively.

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Competitive scenario

The AMR report offers a comprehensive analysis of the competitive landscape of the industry, utilizing scientific analytical tools such as Porter's Five Forces. It profiles key companies through rigorous primary research methodologies, highlighting major industry players, including:

UPL Limited

Limin Chemical Co., Ltd

Nufarm Limited

BASF SE

Lier Chemical Co., Ltd.

Jiangsu Seven Continents Green Chemical Co., Ltd,

Bayer AG

Zhejiang Yongnong Chem. Ind. Co., Ltd.,

SinoHarvest Corporation

DuPont de Nemours, Inc.

In summary, the AMR report on the glufosinate sector equips companies with valuable insights to support informed investment decisions and strengthen their competitive edge. The market intelligence of the study helps businesses analyze key focus areas and craft strategies for global growth.

For More Details: https://www.prnewswire.com/news-releases/glufosinate-market-to-reach-2-09-bn-globally-by-2026-at-19-0-cagr-says-allied-market-research-300972214.html

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