[129 Pages Report] 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.

The years considered for the study are as follows:

Base year: 2015

Estimated year: 2016

Projected year: 2022

Forecast period: 2016 to 2022

Research Methodology

This report includes estimations of market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the glufosinate market and of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources, such as reports published the Organization for Economic Co-operation and Development's (OECD), National Pesticide Association, Food and Agriculture Organization (FAO), U.S. Environmental Protection Association (EPA), and Department of Environment, Food and Rural Affairs (DEFRA), and have been verified through primary sources.

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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.

Target Audience:

Pesticide manufacturers

Pesticide importers and exporters

Pesticide traders, distributors, and suppliers

Consumers (including farmers)

Government and research organizations

Legislative and regulatory bodies

Associations and industry bodies

Scope of the report

Based on Crop Type, the market has been segmented as follows:

By crop type Genetically modified crops Conventional crops



Based on Application, the market has been segmented as follows:

Agricultural Grains & cereals Oilseeds & pulses Fruits & vegetables Others (sugarcane, plantation crops, and pastures)

Non-agricultural

Based on Form, the market has been segmented as follows:

Liquid

Dry

Based on Region, the market has been segmented as follows:

North America

Europe

Asia-Pacific

South America

RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the Rest of Asia-Pacific glufosinate market into Malaysia, Thailand, and Vietnam

Company Information

Detailed analysis and profiling of additional market players (up to five)

The glufosinate market is estimated to be valued at USD 1.37 Billion in 2016, and is projected to grow at a CAGR of 9.25% from 2016 to 2022. Glufosinate finds wide applications in agricultural and non-agricultural sectors. Factors such as its broad weed spectrum and high efficacy has fueled the growth of this market.

On the basis of crop type, the global market is segmented into genetically modified crops and conventional crops. The genetically modified crops dominated the market owing to its major use in the production of various products and wider availability. Genetic modified techniques are widely used to make crops herbicide-resistant.

The global glufosinate market, on the basis of application, is segmented into agricultural and non-agricultural applications. The demand for glufosinate is expected to increase in the next few years due to the growing yield of agricultural crops such as corn, soybean, beans, canola, sugar beets, sugar cane, and sweet potato that are genetically modified to tolerate glufosinate. The grains & cereals segment accounted for the largest market share in 2015.

The forms of glufosinate considered for the study are liquid and dry. Liquid formulation of glufosinate is widely used as it has low temperature stability as compared to dry formulations, which has a long process of usage.

The North American region dominated the market and accounted for the largest share, in terms of both value and volume, in the global glufosinate market, in 2015. The North American market is projected to grow at a CAGR of 9.60% from 2016 to 2022. Factors such as increasing acreage under glufosinate-tolerance crops, and resistance development to glyphosate herbicide products in countries of the North American region are driving the growth of the glufosinate market.

In Europe, glufosinate ammonium is considered as a highly toxic product, thus the European Union has considered banning it from October 2017. The present EU registration for glufosinate ammonium is valid until 31 July 2018. The European Commission, under Regulation 1107/2009 suggested that glufosinate ammonium should be substituted in January 2015. Hence, products that contain glufosinate ammonium are to mandatorily go through comparative assessment by Member States.

The leading players that dominated the glufosinate market include 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). Other players include 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). Key players have adopted strategic developments such as new product launches, acquisitions, joint ventures, expansions, collaborations & partnerships, and agreements & investments in order to capture this emerging market.

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