Glufosinate Market by Crop Type (Genetically Modified Crops, Conventional Crops), Form (Liquid Formulation, Dry Formulation), Application (Agricultural, Non Agricultural), and Region - Global Forecast to 2022
Feb. 20 2017
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The global glufosinate market is projected to grow at a CAGR of 9.25% to reach USD 2.34 Billion by 2022 in terms of value. The objective of this study is to define, segment, and project the size of the glufosinate market on the basis of crop type, form, application, and region, and to provide detailed information about the crucial factors influencing market dynamics (drivers, restraints, opportunities, and industry-specific challenges). The market opportunities and competitive landscape of market leaders are also studied for the stakeholders. Competitive developments such as new product launches, expansions, and investments are also included.
The years considered for the study are as follows:
- Base year: 2015
- Estimated year: 2016
- Projected year: 2022
- Forecast period: 2016 to 2022
This report includes estimations of market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the glufosinate market and of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources, such as reports published the Organization for Economic Co-operation and Development's (OECD), National Pesticide Association, Food and Agriculture Organization (FAO), U.S. Environmental Protection Association (EPA), and Department of Environment, Food and Rural Affairs (DEFRA), and have been verified through primary sources.
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.
- Pesticide manufacturers
- Pesticide importers and exporters
- Pesticide traders, distributors, and suppliers
- Consumers (including farmers)
- Government and research organizations
- Legislative and regulatory bodies
- Associations and industry bodies
Scope of the report
Based on Crop Type, the market has been segmented as follows:
- By crop type
- Genetically modified crops
- Conventional crops
Based on Application, the market has been segmented as follows:
- Grains & cereals
- Oilseeds & pulses
- Fruits & vegetables
- Others (sugarcane, plantation crops, and pastures)
Based on Form, the market has been segmented as follows:
Based on Region, the market has been segmented as follows:
- North America
- South America
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