Global Glufosinate Market to Grow at 6.97% During 2025-2033, Augmented by Rising Adoption of Sustainable Farming

December 23, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Glufosinate Market Report by Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Formulation Type (Aqueous Suspension, Liquid, Suspension Concentrate, Soluble (Liquid) Concentrate, and Others), Application (Herbicides, Fungicides, Desiccant, Defoliant, and Others), and Region 2025-2033,” the global glufosinate market size reached USD 2.6 Billion in 2024. Also known as ammonium salt, glufosinate is a nonselective foliar herbicide utilized during the early development stage of plants. It inhibits glutamine synthetase that disrupts the cell membranes and controls the growth of weeds on agricultural crops. It also protects glufosinate-resistant crops from several plant diseases.

Global Glufosinate Market Trends:

Due to the continuously growing global population and the rising shortage of food around the world, there is an increase in the demand for genetically modified crops. This represents one of the key factors positively influencing the market. Apart from this, as glufosinate is relatively safer and affordable, it is widely used as an alternative to glyphosate and paraquat worldwide. Furthermore, due to the growing environmental concerns, there is an increase in the adoption of sustainable farming methods. This, coupled with a significant increase in the incidences of fungal infection, is contributing to the market growth. Moreover, government bodies of various countries are introducing reforms to help farmers manage pest outbreaks, get quality seeds, and access adequate credit to invest in production, which is creating a favorable market outlook. Looking forward, the market value is projected to reach USD 5.0 Billion by 2033, expanding at a CAGR of 6.97% during 2025-2033.

Market Summary:

Based on the crop type, the market has been divided into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. At present, oilseeds and pulses hold the biggest market share.
On the basis of the formulation type, the market has been segmented into aqueous suspension, liquid, suspension concentrate, soluble (liquid) concentrate, and others. Presently, soluble (liquid) concentrate accounts for the majority of the total market share.
Based on the application, the market has been classified into herbicides, fungicides, desiccant, defoliant, and others. Herbicides currently dominates the market.
Region-wise, the market has been categorized into North America (the United States and Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others) Latin America (Brazil, Mexico, and others) and Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has been examined, with some of the key players being 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 and YongNong BioSciences CO. LTD.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Crop Type, Formulation Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and YongNong BioSciences CO. LTD.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Glufosinate Market to Grow at 6.97% During 2025-2033, Augmented by Rising Adoption of Sustainable Farming

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