The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The market for genetically modified crops is projected to drive innovation in glufosinate manufacture during the forecast period.

The global glufosinate market is expected to grow from $2.09 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The global glufosinate market size is expected to reach $3.27 billion in 2027 at a CAGR of 6.8%.

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Global Glufosinate Market Segments Include:

• By Crop Type: Genetically Modified Crops, Conventional Crops
• By Formulation: Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, Other Formulations
• By Application: Non-Agricultural, Agricultural, Oilseeds And Pulses, Grains And Cereals, Fruits And Vegetables, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global glufosinate market in 2021.

Major Market Players in the glufosinate market include Bayer AG, YongNong BioSciences Co Ltd., UPL Limited., DuPont de Nemours Inc., Hebei Veyong Biochemical Co Ltd., Jiangsu Huangma Agrochemicals Co Ltd., Nufarm Ltd., Limin Chemical Co Ltd.

Technological developments are a major trend that is gaining traction in the glufosinate market. Companies in the glufosinate industry are embracing new technologies in order to maintain their market position. For example, UPL Australia Pty Ltd., an Australian manufacturer of sustainable agriculture solutions, will debut Fascinate DRY Herbicide, a new high-strength glufosinate herbicide, in August 2020. It is the only product on the market that uses surfactant technology to manage grasses, broadleaf weeds, and vines. It is a high-loading, non-selective post-emergent herbicide with good solubility and no sedimentation, making it simple to use in the paddock.

The Glufosinate Global Market Report 2023  provides a glufosinate market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The glufosinate market forecast analyzes glufosinate market size, glufosinate market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Glufosinate is a broad-spectrum herbicide that, like glyphosate, has put a lot of pressure on weed populations. It is a nonselective foliar herbicide that is used for broadcast burndown applications on canola, corn, sweet corn, soybeans and sugar beets before to planting or emergence.

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