Glufosinate market size is forecast to reach US$3.8 billion by 2027 after growing at a CAGR of 10.2% during 2022-2027. Glufosinate is an organic chemical compound (C5H12NO4P), which is originally called phosphinothricin. Glufosinate is mainly used as an effective herbicide in a wide variety of crops and herbs to prevent insects and bugs in both agricultural farms and non-agricultural uses. Glufosinate is also being called ammonium salt, which is a naturally occurring highly efficient herbicide, which is produced using different species of Streptomyces soil bacteria, whereas glufosate and paraquat are the synthetic versions of glufosinate. Glufosinate acts as a unique, simple, and effective weed control solution for a broad range of crops and weeds, due to its low toxicity, easy decomposition, and high efficiency in small quantities. Farmers use glufosinate herbicide as it ensures more protection, and it works only on the applied part of the crops and plant, where its application to a crop is done just before the harvest to kill the leaves or plants so that the crop dries out from environmental conditions more quickly and evenly, for which the process is known as crop desiccation. Glufosinate is also used as a fungicide in crops for the prevention of various diseases, which is additionally contributing to the growth of the market globally. The glufosinate market rise has also been accelerated by factors like its broad marijuana range and its high efficiency. Hence, it is predicted that the demanding agriculture industry will contribute hugely to the glufosinate market growth during the forecast period.
The report : “Glufosinate Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Glufosinate Industry.
By Form : Liquid, and Solid – Dry.
By Application : Herbicide, Plant Breeding, Liquid Chromatography, and Others.
By End-Use Industry : Agriculture, Bio-Medical and Bio-Technology, Pharmaceutical, Environment, and Others.
By Geography : North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa).