Glufosinate Market 2023 : Trends, Business Growth And Major Driving Factors | Bayer AG, YongNong BioSciences Co Ltd., UPL Limited., DuPont de Nemours Inc., Hebei Veyong Biochemical Co Ltd

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:

1. Executive Summary
2. Glufosinate Market Characteristics
3. Glufosinate Market Trends And Strategies
4. Glufosinate Market – Macro Economic Scenario
5. Glufosinate Market Size And Growth

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27. Glufosinate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glufosinate Market
29. Glufosinate Market Future Outlook and Potential Analysis
30. Appendix

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