North America: Lucrative market for opportunities for glufosinate

Glufosinate Market by Crop Type (Genetically Modified Crops, Conventional Crops), Form (Liquid Formulation, Dry Formulation), Application (Agricultural, Non Agricultural), and Region - Global Forecast to 2022

(EMAILWIRE.COM, August 05, 2020 ) The global glufosinate market is projected to grow at a CAGR of 9.25% to reach USD 2.34 Billion by 2022 in terms of value. The objective of this study is to define, segment, and project the size of the glufosinate market on the basis of crop type, form, application, and region, and to provide detailed information about the crucial factors influencing market dynamics (drivers, restraints, opportunities, and industry-specific challenges). The market opportunities and competitive landscape of market leaders are also studied for the stakeholders. Competitive developments such as new product launches, expansions, and investments are also included.

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Market Ecosystem

The various contributors involved in the value chain of the glufosinate market include pesticide manufacturers, importers & exporters, traders, distributors, suppliers, and consumers which include farmers. The value chain comprises key manufacturers in the glufosinate market, such as Bayer AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), and UPL (India), which have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at strategic locations across the globe. These companies focus on innovation and enhancing the functional and physiological properties of glufosinate products and cater to the growing demand in the glufosinate industry. Other players in this market are Nufarm Ltd (Australia), Jiangsu Huangma Agrochemicals Co, Ltd. (China), Jiangsu Sevencontinent Green Chemical Co., Ltd. (China), Hebei Veyong Bio-Chemical Co., Ltd. (China), and Zhejiang Yongnong Chem. Ind. Co. Ltd. (China), which also have a strong presence in the market. Glufosinate production has increased in recent years in China for catering to the growing demand across globe.

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North America: Lucrative market for opportunities for glufosinate

In 2015, the North American region accounted for the largest share of the global glufosinate market in terms of value and volume. The glufosinate market in North America is also projected to grow at a significant CAGR during the forecast period. This region comprises developed economies such as U.S. and Canada, where the U.S. is a key producer of various agricultural applications. There is growing awareness observed in the U.S. with regard to glufosinate products. Glufosinate is registered for use in crops such as almonds, apples, bananas, berries, canola, corn, cotton, grapes, potatoes, rice, soybean, and tree nuts in the U.S. which has resulted in the growth of the market in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Bayer AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), and UPL (India).

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