The glufosinate market offers numerous benefits, primarily in agriculture. Glufosinate-based herbicides effectively control a wide range of weeds, aiding crop protection and boosting yields. Their non-selective nature makes them versatile for various crops and applications. Furthermore, Glufosinate promotes sustainable farming practices by minimizing soil erosion, reducing the need for multiple herbicides, and supporting no-till agriculture. The dominating segment is the agricultural sector, where it is widely used to enhance crop production and quality, solidifying its position as a vital tool for modern farming.
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Data Bridge Market Research analyses that the Asia-Pacific Glufosinate Market will grow at a CAGR of 7.1% during the forecast period of 2022 to 2029. Glufosinate finds applications beyond agriculture in sectors such as forestry and landscaping. It effectively controls unwanted vegetation, making it valuable for clearing and maintaining vegetation in forests and enhancing the aesthetics of landscaped areas, such as parks, gardens, and roadways.
Key Findings of the Study
Advancements in formulations are expected to drive the market's growth rate
Continuous research and development efforts are instrumental in enhancing glufosinate formulations. These endeavors focus on creating more efficient and eco-friendly variants of glufosinate-based herbicides. By improving their effectiveness in weed control while minimizing environmental impact, R&D drives market growth. These innovations attract environmentally conscious farmers and industries looking for sustainable herbicide solutions, expanding the application scope of glufosinate and strengthening its position in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Type (L-Glufosinate and D-Glufosinate), Form (Liquid and Dry), Formulation Type (Soluble (Liquid) Concentrate, Aqueous Suspension, and Suspension Concentrate), Crop Application (Oil Seeds, Pulses, Cereals and Grains, Fruits, Vegetables, Horticulture, Turn and Ornaments), Function (Weed Desiccation, Control Of Active Crystallization, Foam Management, Drift Control, Reduced Glutamine, And Others), Distribution Channel (Direct and Indirect)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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Market Players Covered
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Syngenta (Switzerland), BASF SE (Germany), UPL (India), Corteva (U.S.), Genfarm Crop Protection Pty Ltd (Australia), Merck KGaA (Germany), Chemical Co., Ltd (China), Veyong (China), YongNong BioSciences CO., LTD. (China), 4Farmers Australia (Australia), Jiangsu Qizhou Green Chemical Co. (China), Zagro (Singapore), Shandong Tiansheng Biotechnology Co., Ltd (China), Indoin (Indonesia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific glufosinate market is segmented based on type, form, formulation type, crop application, function, and distribution channel.
- On the basis of type, the Asia-Pacific glufosinate market is segmented into L-glufosinate and D-glufosinate.
- On the basis of form, the Asia-Pacific glufosinate market is segmented into liquid and dry.
- On the basis of formulation type, the Asia-Pacific glufosinate market is segmented into aqueous suspension, suspension concentrate, and soluble (liquid) concentrate.
- On the basis of crop application, the Asia-Pacific glufosinate market is segmented into oil seeds, pulses, cereals and grains, fruits, vegetables, horticulture, turn, and ornaments.
- On the basis of function, the Asia-Pacific glufosinate market is segmented into weed desiccation, control of active crystallization, foam management, drift control, reduced glutamine, and others.
- On the basis of distribution channel, the Asia-Pacific glufosinate market is segmented direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the Asia-Pacific glufosinate market players in Asia-Pacific glufosinate market are Syngenta (Switzerland), BASF SE (Germany), UPL (India), Corteva (U.S.), Genfarm Crop Protection Pty Ltd (Australia), Merck KGaA (Germany), Chemical Co., Ltd (China), Veyong (China), YongNong BioSciences CO., LTD. (China).
Market Developments
- In January 2022, BASF unveiled L-Glufosinate 10% SL, a non-selective herbicide, for Chinese farmers. This launch signifies BASF's strategic move to tap into the Chinese agricultural market. With robust patent protection, BASF secures a competitive edge, ensuring its long-term presence and growth prospects. L-Glufosinate 10% SL is expected to address weed control needs effectively, bolstering BASF's position as a trusted provider of innovative agricultural solutions in the evolving Chinese agricultural landscape.
- In June 2022, Prime Source, a subsidiary of Albaugh, LLC, unveiled a novel herbicide blend featuring glufosinate as its key ingredient. This herbicide combination is specifically designed for use in the grass and ornamental markets. By introducing this product, Prime Source aims to provide effective weed control solutions tailored to the needs of professionals in landscaping and ornamental plant care, catering to the demands of these specialized markets.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific glufosinate market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
As per Data Bridge Market Research analysis:
China is expected to dominate the Asia-Pacific glufosinate market in the forecast period 2022-2029
China is poised to lead the glufosinate market, driven by its robust manufacturing sector and extensive agricultural practices. The region's thriving agriculture industry creates a substantial demand for herbicides such as glufosinate. With a strong presence of manufacturers and a growing need for effective weed control solutions, China's dominance in the glufosinate market is anticipated to persist. This trend underscores the pivotal role played by the country in shaping the herbicide industry's landscape.
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