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Glufosinate Market Size Projected To Reach $4.07 Billion By 2034 With A Cagr Of 9.9%
Glufosinate
What Is the Projected Growth of the Glufosinate Market?
The Glufosinate Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Glufosinate Market?
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What Are the Different Glufosinate Market Segments?
The glufosinate market covered in this report is segmented -
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
Subsegments:
1) By Genetically Modified Crops: Soybeans, Corn, Canola, Cotton, Other genetically modified crops
2) By Conventional Crops: Wheat, Rice, Barley, Sugar beet, Other conventional crops
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What Are the Primary Drivers Shaping the Glufosinate Market?
The expansion of the agricultural domain is forecasted to stimulate the growth of the glufosinate market. This sector, which comprises all actions associated with land farming, crop growing, and livestock rearing to create food, raw resources, and additional agricultural goods, is experiencing a surge due to an increasing populace generating more demand for food, policy incentives provided by the government, and progression in climate-adaptable agriculture that aids farmers in adjusting to shifting environmental factors. Glufosinate efficiently manages a wide assortment of weeds, even those resistant to glyphosate, which promotes healthy crop growth by minimizing the competitive demand for nutrients, sunlight, and water. It was reported in February 2024 that the UK's Department for Environment, Food, and Rural Affairs stated that in 2022 the agricultural sector injected £13.9 billion ($17.4 billion) into the UK's economy in terms of gross value added at basic prices, which is a 0.6% contribution to its GDP. This figure represents a £1.8 billion ($2.25 billion) increase in GVA from 2021. Hence, the burgeoning agricultural sector is propelling the expansion of the glufosinate market.
Which Companies Are Leading in the Glufosinate Market?
Major companies operating in the glufosinate market include Bayer AG, YongNong BioSciences Co. Ltd., United Phosphorus Ltd., DuPont de Nemours Inc., Hebei Veyong Biochemical Co. Ltd., Jiangsu Huangma Agrochemicals Co. Ltd., Nufarm Ltd., Limin Chemical Co. Ltd., Lier Chemical Company Ltd., Shenzhen Sino-Harvest Industry Co. Ltd., BASF SE, Jiangsu Seven Continents Green Chemical Co. Ltd., Inner Mongolia Jiaruimi Fine Chemical Co. Ltd., Simonis BV, UPL Limited, Dow Inc., Zhejiang Yongnong Chem. Ind. Co. Ltd., Shandong Weifang Rainbow Chemical Co. Ltd., Hubei Sanonda Co. Ltd., Jiangsu Changqing Agrochemical Co. Ltd., Jiangsu Yangnong Chemical Group Co. Ltd., Zhejiang Heben Pesticide & Chemicals Co. Ltd., Jiangsu Flag Chemical Industry Co. Ltd., Jiangsu Fengshan Group Co. Ltd., Jiangsu Good Harvest-Weien Agrochemical Co. Ltd., Jiangsu Huaihe Chemicals Co. Ltd., Jiangsu Redsun Group Co. Ltd., Jiangsu Sinorgchem Technology Co. Ltd., Shandong Luba Chemical Co. Ltd., Shandong Qiaochang Chemical Co. Ltd., Zhejiang Xinnong Chemical Co. Ltd.
What Are the Major Trends Shaping the Glufosinate Market?
Leading organizations in the glufosinate market are keen on crafting advanced herbicides including non-selective herbicides, aimed at stronger weed control and fostering sustainable agriculture. Non-selective herbicides, as the name suggests, are devised to manage or eradicate a broad spectrum of plant diversity without obtaining specificity for specific plant types. For instance, BASF, a chemical company hailing from Germany, in January 2022 introduced L-Glufosinate 10% SL, a non-selective herbicide to assist China's farmers. BASF's L-Glufosinate offers more efficiency as it transitions inactive D-glufosinate ammonium into an active state. This heightened efficiency enables farmers to achieve similar levels of weed control as existing products but reduces the necessity for crop protection application by as much as 50%. With a solid protective patent, BASF is committed to enhancing competitiveness and encouraging sustainability in both distribution and usage of the new herbicide.
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What Are the Top Revenue-Generating Geographies in the Glufosinate Market?
North America was the largest region in the gulfosinate market in 2024. The regions covered in the glufosinate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glufosinate Market?
2. What is the CAGR expected in the Glufosinate Market?
3. What Are the Key Innovations Transforming the Glufosinate Industry?
4. Which Region Is Leading the Glufosinate Market?
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