Glufosinate Ammonium Market: By Application (Herbicide, Fungicide, Desiccants, Defoliant, & Others) & By Geography (North America, Europe, Asia-Pacific, & RoW) Analysis & Forecast (2016- 2021)
Dec 14 2016
Glufosinate ammonium is widely used and most effective herbicide commonly called as ammonium salt. This organic herbicide is produced by several species of Streptomyces soil bacteria. It prevents the activity of glutamine synthetase, an enzyme necessary for the production of glutamine and for ammonia detoxification. This increases the ammonium level in the plant tissue and stops the photosynthesis process in plants leading them to death. Glufosinate ammonium herbicide is currently being used in 82 countries as it helps in controlling the growth of weeds in more than 100 variety of crops. This is also used as fungicide for protection of crops against diseases.
The report highlights major factors impacting the growth of glufosinate ammonium market. These includes the major factors driving the growth of the market, factors inhibiting or restraining the market growth and the major challenges faced by the industry. The necessity of farmers to protect crops from unwanted weeds, fungi and bacteria and to get generate capital from the yield are the major factors driving the growth of glufosinate ammonium market. However, the health concerns related to excess consumption of glufosinate ammonium and the stringent regulations imposed by health and food organizations of nations across the world are some of the inhibiting factors in the glufosinate ammonium market. The acceptable daily intake (ADI) for glufosinate recommended by WHO/FAO is 0.02 mg/kg. Besides, the concerns related to the effects of this herbicide on environment and wildlife is one of the major challenges of this market.
The report classifies the global glufosinate ammonium market on the basis of – market by applications, and market by geography. The glufosinate ammonium market is analyzed based on the applications including herbicide, fungicide, desiccant, and defoliant, among others. This herbicide is also been used widely as desiccant to facilitate harvesting. Besides, the glufosinate ammonium also inhibits the activity of activity of glutamine synthetase enzyme in animals as well. The major geographies including Americas, Europe, APAC and others are analyzed in the report to provide comprehensive analysis about the market. The macro and micro economic factors affecting the market growth are also identified and analyzed in the report.
Though North America is the mature market for glufosinate ammonium, it is dominating the market by acquiring lion’s share. This is closely followed by the countries in Asia-Pacific region owing to the large land cultivation and adaptability of herbicides, pesticides, and fungicides to increase the crop yield.
The detailed insights on the key players’ competitiveness in the glufosinate ammonium market is given high importance in the report. The report gives detailed insights on the key business strategies and developments adopted by the key players in the market.
The major manufacturers that are profiled in the report are:
- Bayer CropScience
- Monsanto Company
- Dow AgroSciences
- Syngenta A.G.
- Nufarm US
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