The Glufosinate Global Market Report 2023, provides comprehensive information on the glufosinate market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Glufosinate Global Market Report 2023, the global glufosinate market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global glufosinate market size is expected to reach $3.27 billion in 2027 at a CAGR of 6.8%.
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Technological advancements are a key trend gaining popularity in the glufosinate market. Companies operating in the glufosinate market are adopting new technologies to sustain their position in the market. For instance, in August 2020, UPL Australia Pty Ltd., an Australia-based provider of sustainable agriculture products, launched Fascinate DRY Herbicide new high-strength glufosinate herbicide. It is uniquely designed with surfactant technology that provides broad-spectrum weed control of grasses, broadleaf weeds, and vines. It is a high-load and non-selective post-emergent herbicide that has good solubility without separating or depositing sediment, which makes it easy to use in the paddock.
The glufosinate market 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
North America was the largest region in the glufosinate market in 2022.
The table of contents in TBRC’s glufosinate market report includes:
- Executive Summary
- Glufosinate Market Characteristics
- Glufosinate Market Trends And Strategies
- Glufosinate Market – Macro Economic Scenario
- Glufosinate Market Size And Growth
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- Glufosinate Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Glufosinate Market
- Glufosinate Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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