U.S (New York)–The Report Ocean has recently published a new report titled “Glufosinate Market” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
Glufosinate is a naturally occurring herbicide isolated from two species of Streptomyces fungi. It is widely used as a substitute of glyphosate & paraquat, and is used to control a wide range of weeds such as morning glories, hemp sesbania (Sesbania bispinosa), Pennsylvania smartweed (Polygonum Pensylvanicum), and others. Growing concern toward augmented usage of agrochemicals has led to a shift toward bio-based solutions, which is likely to boost growth of the glufosinate market. Major factors that are expected to drive the demand for glufosinate in the future are its broad weed spectrum and high efficacy properties.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Use of glufosinate is considerably safe on crop plants when compared to other herbicides, and it can be used in combination with other herbicides, which makes it a lucrative option for both manufacturers and farmers. Glufosinate herbicides cause toxicity in animals and flora & fauna, which may hamper the growth of the market.
The glufosinate market is segmented on the basis of crop type, which includes cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Among all the crop types cereals & grains segment is expected to witness highest CAGR of 19.4% during the forecast period. The market is also segmented on the basis of formulation type such as aqueous suspension, liquid, suspension concentrate, soluble liquid concentrate, and others. Geographically, the market is segmented into four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Presently, North America occupies a major share of the market, followed by Asia-Pacific and Europe. However, Asia-Pacific is expected to witness highest CAGR of 20.6% during the forecast period.
Top three strategies adopted by major market players of this market include capacity expansion, product launches, and collaborations over last three years. Recently, Bayer CropScience has invested around $500 million in the U.S. to double the production capacity of glufosinate herbicides (Liberty). Companies profiled in this report include
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KEY MARKET BENEFITS:
Comprehensive analysis of factors that drive and restrict the growth of the global glufosinate market is provided.
The projections in the report are made by analyzing the current market trends and future market potential for the 2014-2022 period in terms of value and volume.
Region-wise and country-wise, the glufosinate market conditions are comprehensively analyzed.
Exhaustive analysis of the market by application helps in understanding the penetration level of glufosinate in various crops in different regions and countries.
Competitive intelligence (of leading manufacturers and distributors) facilitates in understanding the competitive scenario across the geographies.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
An in-depth analysis of current research and clinical developments within the glufosinate market is provided with key market dynamic factors, which helps in understanding the behavior of the market.
Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
Key market players are profiled in the report and their strategies are analyzed thoroughly, which provides a competitive outlook of the global glufosinate market.
Top three strategies adopted by major market players of this market include capacity expansion, product launches, and collaborations over last three years. Recently, Bayer CropScience has invested around $500 million in the U.S. to double the production capacity of glufosinate herbicides (Liberty). Companies profiled in this report include Bayer CropScience, Lier Chemical Company Ltd., Zhejiang Yongnong Chem. Ind. Co., Ltd., UPL Ltd., and Hebei Veyong Bio-chemical Co., Ltd.
GLUFOSINATE MARKET SEGMENT:
The world glufosinate market is segmented as follows:
By Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
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By Formulation Type
Aqueous Suspension
Liquid
Suspension Concentrate
Soluble (Liquid) Concentrate
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Hungary
France
Italy
Spain
Others
Asia-Pacific
China
India
Korea
Others
LAMEA
Brazil
Argentina
Others
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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