Summary:

• The global glufosinate market size reached USD 2.5 Billion in 2023.
• The market is expected to reach USD 4.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
• North America leads the market, accounting for the largest glufosinate market share.
• Oilseeds and pulses account for the majority of the market share in the crop type segment because herbicide-tolerant cultivars are widely used, particularly in canola and soybean crops.
• Soluble (liquid) concentrate holds the largest share in the glufosinate industry.
• Herbicides remain a dominant segment in the market because the main purpose of glufosinate in a variety of crops is to effectively control weeds.
• Increasing adoption of sustainable farming practices, as glufosinate's low environmental persistence makes it a favorable choice for environmentally conscious farmers, is impelling the market demand.
• Furthermore, the rising demand for horticultural crops, where glufosinate is extensively used for weed control in high-value fruits, vegetables, and ornamental plants, is contributing to market growth.

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Industry Trends and Drivers:

• The increasing demand for herbicides:

The growing global demand for herbicides is a critical driver of the glufosinate market. As the agricultural sector strives to enhance crop productivity to meet the rising food demand, herbicides play a vital role in ensuring efficient weed control. Glufosinate, a non-selective herbicide, is particularly effective in managing a wide range of broadleaf weeds and grasses, making it a preferred choice for farmers. In regions where agriculture is a significant part of the economy, such as North America, Latin America, and Asia-Pacific, the use of glufosinate has surged due to its ability to provide rapid and reliable weed control. The versatility of glufosinate in both pre-emergence and post-emergence applications, particularly in crop-intensive regions that depend on high yield and output, is aiding the market growth.

• The expansion of genetically modified (GM) crops:

The expansion of genetically modified crops is another significant driver of the glufosinate market. GM crops are engineered to be resistant to herbicides, including glufosinate, which enables farmers to apply the herbicide without damaging the crops. These countries have implemented herbicide-tolerant varieties of major crops such as corn, soybeans, and cotton, which has led to a rise in the usage of glufosinate. The ability of glufosinate to effectively target weeds while leaving GM crops unharmed has made it a crucial tool in the agricultural biotechnology sector. The adoption of GM crops has grown in response to the increasing need for higher agricultural productivity and better pest and weed management, is bolstering the market demand.

• Rising concerns about weed resistance to glyphosate:

The increasing resistance of weeds to glyphosate has pushed farmers to seek alternative herbicides, significantly benefiting the glufosinate market. Glyphosate, once the most widely used herbicide, has faced challenges due to the emergence of glyphosate-resistant weeds. This resistance problem has driven farmers to explore other herbicide options, and glufosinate has emerged as one of the most effective alternatives. Unlike glyphosate, glufosinate operates through a different mechanism, inhibiting glutamine synthetase in plants, which makes it highly effective against resistant weed species. This shift in the agricultural landscape has caused a notable increase in glufosinate demand as an essential tool for weed management in crops where glyphosate is no longer effective.

Glufosinate Market Report Segmentation:

Our comprehensive glufosinate market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.

Breakup By Crop Type:

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others

Oilseeds and pulses account for the majority of shares due to the widespread cultivation of herbicide-tolerant varieties, especially in soybean and canola crops.

Breakup By Formulation Type:

• Aqueous Suspension
• Liquid
• Suspension Concentrate
• Soluble (Liquid) Concentrate
• Others

Soluble (liquid) concentrate dominates the market as it offers ease of application, better coverage, and rapid absorption in weed management.

Breakup By Application:

• Herbicides
• Fungicides
• Desiccant
• Defoliant
• Others

Herbicides represent the majority of market shares because glufosinate is primarily used for effective weed control in various crops.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America holds the leading position due to the extensive adoption of genetically modified crops and the large-scale use of glufosinate in countries like the United States and Canada.

Top Glufosinate Market Leaders:

The glufosinate market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• BASF SE
• DuPont de Nemours Inc.
• Hebei Veyong Bio-Chemical Co. Ltd (Limin Group Co. Ltd.)
• Jiangsu Sevencontinent Green Chemical Company Limited
• LIER Chemical Co. Ltd.
• Nufarm
• SinoHarvest
• UPL Limited
• YongNong BioSciences CO. LTD

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