North America: Lucrative market for opportunities for glufosinate

The glufosinate market is estimated to be valued at USD 1.37 Billion in 2016, and is projected to grow at a CAGR of 9.25% from 2016 to 2022. Glufosinate finds wide applications in agricultural and non-agricultural sectors. Factors such as its broad weed spectrum and high efficacy has fueled the growth of this market.

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North America: Lucrative market for opportunities for glufosinate


North American region accounted for the largest share of the global glufosinate market in terms of value and volume. The glufosinate market in North America is also projected to grow at a significant CAGR during the forecast period. This region comprises developed economies such as U.S. and Canada, where the U.S. is a key producer of various agricultural applications. There is growing awareness observed in the U.S. with regard to glufosinate products. Glufosinate is registered for use in crops such as almonds, apples, bananas, berries, canola, corn, cotton, grapes, potatoes, rice, soybean, and tree nuts in the U.S. which has resulted in the growth of the market in this region.

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Market Ecosystem

The various contributors involved in the value chain of the glufosinate market include pesticide manufacturers, importers & exporters, traders, distributors, suppliers, and consumers which include farmers. The value chain comprises key manufacturers in the glufosinate market, such as Bayer AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), and UPL (India), which have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at strategic locations across the globe. 

These companies focus on innovation and enhancing the functional and physiological properties of glufosinate products and cater to the growing demand in the glufosinate industry. Other players in this market are Nufarm Ltd (Australia), Jiangsu Huangma Agrochemicals Co, Ltd. (China), Jiangsu Sevencontinent Green Chemical Co., Ltd. (China), Hebei Veyong Bio-Chemical Co., Ltd. (China), and Zhejiang Yongnong Chem. Ind. Co. Ltd. (China), which also have a strong presence in the market. Glufosinate production has increased in recent years in China for catering to the growing demand across globe.

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