Glufosinate Market: Major Trends Reshaping the Future of the Industry

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What Will the Glufosinate Industry Market Size Be by 2025?
The market size of glufosinate has seen robust growth in the recent past. The market, which is projected to escalate from $2.53 billion in 2024 to $2.78 billion in 2025, will experience a compound annual growth rate (CAGR) of 9.9%. The historical growth rate is a consequence of factors such as widespread adoption of GM crops, increasing agricultural productivity, global expansion in the agricultural sector, implementation of resistance management strategies and a regulatory environment that encourages growth.

What's the Long-Term Growth Forecast for the Glufosinate Market Size Through 2029?
Expectations indicate a robust expansion in the glufosinate market size in the imminent years, with projections of reaching "$4.07 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.9%. This surge in the forecast timeline can be traced back to persistent issues with weed resistance, increased market infiltration in budding economies, escalating global population, and a shift in farming practices. Noteworthy trends shaping the forecast period encompass genetically modified (GM) crops, organic farming and bioherbicides, groundbreaking developments in herbicide techniques, enhancements in formulations, and assiduous agricultural practices.

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What Are the Key Growth Drivers Fueling the Glufosinate Market Expansion?
Anticipations are high for the glufosinate market, given the rapid expansion of the agriculture industry. Agribusiness, comprising all actions related to tilling the soil, crop cultivation, and poultry farming for the production of necessities like food, raw materials, and others, is blooming. An upsurge in population, leading to a soaring demand for food, supportive policies by the government offering vital subsidies and incentives, and progression in climate-resistant farming that aids farmers in adjusting to the fluctuating environmental conditions are contributing to this sector's growth. Glufosinate is effective against an array of weeds, including those resistant to glyphosate, ensuring healthy crop growth by minimizing competition over nutrients, sunlight, and water. For instance, the Department for Environment, Food, and Rural Affairs, a UK government body, indicated that agriculture in 2022 generated £13.9 billion ($17.4 billion) for the UK's economy, representing 0.6% of its GDP, in gross value added at basic prices. This signifies an elevation of £1.8 billion ($2.25 billion) in GVA compared to 2021. Consequently, the thriving agriculture industry is propelling the glufosinate market's expansion.

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What Are the Key Trends Driving Glufosinate Market Growth?
In the glufosinate market, companies are advancing herbicide technologies to support sustainable farming. In January 2022, Germany-based BASF launched L-Glufosinate 10% SL, a non-selective herbicide aimed at Chinese farmers. It efficiently converts D-glufosinate ammonium into its active form, cutting the needed application amount by up to 50% while delivering effective weed control.

How Is the Glufosinate Market Segmented?
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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Which Companies Are Leading the Charge in Glufosinate Market Innovation?
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.

Which Regions Are Leading the Global Glufosinate Market in Revenue?
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

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