Glufosinate Market will Grow at a Robust Pace through 2029

Glufosinate Market Forecast, Trend Analysis & Competition Tracking - Global Review 2019 to 2029

Glufosinate Market Study Provides Latest Intelligence on Growth in 2021 and Beyond

Global Glufosinate supply-demand continues to be impacted by broader developments in the chemicals sector. The new Glufosinate market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2019-2029).

The study tracks Glufosinate demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Glufosinate in particular.

How will Glufosinate Sales Grow in 2021 and Beyond

The Glufosinate industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.

Overall, demand for Glufosinate will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.

Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.

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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.

The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.

Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.

The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.

Glufosinate Market: Segmentation

The global glufosinate market can be segmented by crop type, formulation and application and region.

Based on crop type, glufosinate market is segmented into:

  • Genetically Modified Crops
  • Conventional Crops

Based on formulation, glufosinate market is segmented into:

  • Liquid Formulation
  • Dry Formulation

Glufosinate is obtained from Streptomyces soil bacteria, which can control some major weeds named morning glories, hemp sesbania and yellow nutsedge. It is significantly safe as compared to other herbicides.

Based on application, glufosinate market is segmented into:

  • Agricultural
  • Pharmaceutical
  • Others

Increase in genetically modified crops and its cost-effective trait and weed controlling aspects will boost the market of glufosinate. Herbicide-tolerant plants occupy the largest planting area of biotech crops, which will result in an increase in demand for cultivation of HT (Herbicide Tolerant) crops.

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Competitive Landscape

The Fact.MR study profiles the business, product and other key strategies of the leading Glufosinate companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Glufosinate market include (Bayer CropScience, Zhejiang YongNong, Monsanto Company, Jiangsu Huangma, Veyong)

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The Glufosinate Market Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • The Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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