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Glufosinate Market by Crop Type, Form, Application And Region - Global Forecast to 2022

Glufosinate Market: Global Forecast until 2022

  • February 2017
  • 131 pages
  • ID: 4710238
In this report:
Overall, the liquid formulation segment accounted for the largest market share of approximately ##% in 2015, and is expected to progress at a CAGR of ##.##% from 2016 to 2022.
The conventional crops segment, in terms of volume, is expected to grow at a CAGR of ##.##% during the forecast period, to reach ##.## KT by 2022.
In terms of volume, the North American market is expected to have a CAGR of ##.##% during the projected period, to reach ##.## KT by 2022.

Summary

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Glufosinate market is estimated to rise at a compound annual growth rate of ~9.3 percent in terms of value.

The glufosinate market is projected to be valued at ~$1.4B in 2016, and is expected to grow at a compound annual growth rate (CAGR) of ~9.3 percent from 2016 to 2022. The sector demand for glufosinate is estimated to grow as it acts as a main substitute for glyphosate and paraquat. With the growth in glyphosate-resistant weeds, the market demand for alternative herbicides has increased in the crop protection chemicals area. This has increased the industry demand for glufosinate herbicides in crop cultivation, especially for glufosinate-tolerant crops, which include soybean, canola, maize, and cotton. Furthermore, the U.S. FDA considers glufosinate as safer compared to other herbicides available in the U.S. market including paraquat. Different regulations on crop protection chemicals, especially the proposed ban in the european area for glufosinate, acts as a main restraint for this industry. Additionally, higher prices of end products compared to other herbicides also acts as a restraint for the glufosinate market.

Grains & cereals segment is planned to be the quickest-growing segment in the glufosinate market.

The introduction of genetically modified glufosinate-tolerant crops will rise the use of glufosinate on several agricultural applications including grains & cereals, oilseeds & pulses, and fruits & vegetables. In the agricultural applications segment, the grains & cereals subsegment is expected to account for the biggest share. The use of glufosinate is increasing and it is replacing glyphosate and paraquat as a result of increasing weed resistance to glyphosate and paraquat.

South America area is intended to be the quickest-increasing area in the glufosinate market.

The South American area is forecasted to be the quickest developing market for glufosinate, in terms of both value and quantity, during the outlook period. Herbicide-resistant genetically modified crops are widely planted and cultivated in South America region. Farmers are adopting different approaches for weed control. Glufosinate is used as a substitute for glyphosate-resistant cropping along with other herbicides including paraquat and 2, 4-D in South America area. Availability of arable land and expansion of farmlands in Brazil (BR) and Argentina (AR) are driving the increase of this market.

Distribution of primaries:

• By Company category: Tier 1 - 25 %, Tier 2 - 45.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 28.0 percent, D-level - 22.0 percent, and Others - 50.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 23.0 percent, Asia Pacific (APAC) - 35.0 percent, South America region - 10.0 percent, and rest of the world - 07.0 percent

The glufosinate market is leaded by, is monopolized by top players including Bayer (ETR:BAYN), Dow Chemical (NYSE:DOW), E. I. du Pont de Nemours and Organization, Syngenta (SWX:SYNN), and UPL. Other actors contain Nufarm Ltd, Jiangsu Huangma Agrochemicals Co, Limited, Jiangsu Sevencontinent Green Chemical Co., Limited, Hebei Veyong Bio-Chemical Co., Limited, and Zhejiang Yongnong Chem. Ind. Co. Ltd..

Segment Research

The industry report examines the glufosinate market across various industry verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including crop type, form, application, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the industry together with their company descriptions, SWOT analyses, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global glufosinate market and submarkets. This industry report will facilitate partners to better find out the competitive landscape and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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