Asia-Pacific Glufosinate Market, By 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 & Grains, Fruits, Vegetables, Horticulture, Turn & Ornaments), Function (Weed Desiccation, Control Of Active Crystallization, Foam Management, Drift Control, Reduced Glutamine, And Others), Distribution Channel (Direct and Indirect) and Industry Trends and Forecast to 2029.
Asia-Pacific Glufosinate Market Analysis and Insights
The rising demand for glufosinate and key initiatives taken by manufacturers are the major drivers propelling the demand for the glufosinate market in the forecast period. However, the toxic effect caused by glufosinate may hamper the glufosinate market growth in the forecast period.
Inclination of farmers towards bio-based solutions is expected to provide lucrative opportunities for market growth. On the other hand, high prices of glufosinate compared to other synthetic herbicides may challenge the market growth.
Data Bridge Market Research analyzes that the APAC glufosinate market will grow at a CAGR of 7.1% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Year
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in Million, Volumes in Units, Pricing in USD
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Segments Covered
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By 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 & Grains, Fruits, Vegetables, Horticulture, Turn & 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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Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, New Zealand, Vietnam, Philippines, and the rest of the Asia-Pacific
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Market Players Covered
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Syngenta, BASF SE, UPL, Corteva, Genfarm Crop Protection Pty Ltd, Merck KGaA, LIER Chemical Co., Ltd, Veyong, YongNong BioSciences CO., LTD., 4Farmers Australia, Jiangsu Qizhou Green Chemical Co., Zagro, Shandong Tiansheng Biotechnology Co., Ltd, and Indoin among others.
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Market Definition
Glufosinate is an organic molecule with the chemical formula C5H12NO4P. It is a broad-spectrum herbicide that is present in nature. It is a naturally occurring broad-spectrum herbicide produced by several species of Streptomyces soil bacteria. It is a contact herbicide that is non-selective and exhibits some systemic effects. In addition, some plants can directly convert the naturally occurring herbicide bialaphos into glufosinate.
Glufosinate applications include crops, vine desiccation, and targeted post-emergence treatments around berries, vines, and trees. In addition to agricultural use, several glufosinate solutions can be used to control plants along landscape borders and around ornamental trees. Glufosinate is used as an herbicide to control weeds in fields, plant protection, labor management, and other agricultural practices. Glufosinate applications are widely used in cereals & grains, oilseeds, pulses, fruits, vegetables, horticultural crops, turn and ornamental plants, among others.
Asia-Pacific Glufosinate Market Dynamics
Drivers
- Growing demand for genetically modified (GM) crops
Glufosinate is frequently used in agricultural production due to its important role in weed desiccation and higher yields. Using genetically modified crops has a number of advantages, including high crop yields, lower prices, increased output, nutrient-rich food, and a safe environment. One of the key reasons driving the market's expansion is the rising demand for genetically modified crops due to the world's growing food crisis and rising food consumption. However, for genetically modified herbicide-tolerant crops, the usage of glufosinate is more as farmers spray it more liberally across fields to clear the weeds. Genetically modified techniques are widely used to make crops herbicide-resistant. Most frequently, glufosinate is utilized as an ammonium salt. The glufosinate herbicide prevents photorespiration by increasing ammonia levels, depleting the amino acid, and removing most green plants that aren't genetically engineered.
Thus, the consistent rise in approvals by governmental bodies is encouraging manufacturers to launch more new products worldwide, which is expected to drive the APAC glufosinate market growth.
- Rise in demand for l-glufosinate
The optical isomers L-isomer and D-isomer of glufosinate have chiral centers. However, only L-glufosinate (L-isomer) has weeding activity. Currently, the D: L = 1:1 racemized product is the most widely accessible glufosinate on the market. L-glufosinate can change the ineffective D-isomer in glufosinate into the effective L-isomer, which theoretically requires 50% less product to be used on every mu of land (1/15 hectare). This lowers the cost of processing technical materials, transportation, and adjuvants, which will benefit farmers by significantly reducing costs. Additionally, using L-glufosinate rather than glufosinate is more environmentally friendly as it results in a 50% reduction in the release of ineffective agents into the soil.
Thus, the increase in the number of launches by the major manufacturers with the growing demand for L-glufosinate products among farmers to control weeds is expected to drive the growth of the APAC glufosinate market.
Opportunities
- Shift towards bio-based solutions
The demand for bio-based solutions is rising among farmers and consumers, driving the market for glufosinate products. The concern regarding the environmental effects caused by chemical herbicides is on the rise as synthetic chemical pesticides lead to environmental pollution and soil contamination. It also leads to harmful effects on the food chain. Glufosinate is a racemic combination of the D- and L- stereoisomers of the natural substance L-phosphinothricin, synthesized by many streptomyces species. Herbicidal activity only exists in the L-isomer of the natural form. Glufosinate is a broad-spectrum herbicide that kills a wide range of weeds. Growing concern toward augmented usage of agrochemicals has led to a shift toward bio-based solutions
Furthermore, no weeds have developed glufosinate resistance. However, this herbicide is relatively new and has a very brief duration of selection pressure. It is also a contact herbicide. There is significant natural variation in sensitivity to glufosinate amongst species, its unique mode of action is a vital tool in weed resistance management, helping to improve crop health, agricultural yields, and global food security when used as part of an Integrated Weed Management (IWM) program.
Thus, bio-based herbicides for important crops and modern research and technological developments are expected to drive the glufosinate market.
- Broad weed spectrum and high efficiency of glufosinate
Glufosinate is a highly effective herbicide for weed control in over 100 crops and in numerous nations throughout the world. As glufosinate only affects the areas of the plant where it is administered, farmers rely on it to guarantee a high level of crop safety. It is effective against a variety of weeds, removing the need to use multiple herbicides to manage various weeds on a particular crop. Due to its distinct action method works best when used in a rotation with other herbicides to reduce weed resistance. Compared to other herbicides, using glufosinate on crop plants is far safer. Additionally, it may be used with other herbicides, making it a profitable choice for producers and farmers.
Glufosinate is generally harmless and does not harm plants' roots. In addition, it has a broad herbicidal spectrum, is fast-acting, and is effective against resistant weeds such as Eleusine indica and horseweed herb. As a result, glufosinate is now the second-largest burndown herbicide variety after glyphosate and paraquat. The use of glyphosate has been increasing as farmers have increasingly relied on chemicals to tackle labor shortages and rising costs and protect their yields from weeds, which is expected to boost the market growth.
Thus, the wide use of glufosinate influences customers more towards herbicide products. There has been a consistent demand in the agriculture sector, which is expected to provide lucrative opportunities and may promote market growth in the forecast period.
Restraints/Challenges
- The toxic effect on flora and fauna
Glufosinate is extremely harmful to non-target plants. Since it is a contact herbicide, a drift of a tiny volume of spray can result in necrotic vegetation. Unwanted weeds are eradicated from farmlands using glufosinate-based herbicides, but they also eradicate any plants that lack genetic resistance. Glufosinate-ammonium (glufosinate) is an organophosphorus chemical that is predominantly a foliar-active herbicide with low systemic activity and has been associated with a variety of human health and environmental impacts. Its overuse has severely a?ected other non-target organisms present in soil biota. The herbicide has adversely affected beneficial insects. For instance, due to the higher amount of herbicide used in the field, the skipper butterfly exhibited a range of neurotoxic effects. Thus, these toxic effects related to glufosinate are restraining the glufosinate market growth.
For instance,
- In March 2020, According to National Water Quality Monitoring Council, glufosinate had a fatal concentration (LC50) of >2400 ug/L for both rainbow trout and water flea, making it moderately hazardous to fish and aquatic invertebrates
- According to the Minnesota Department of Agriculture, glufosinate is slightly toxic to mammals and birds through ingestion with acute oral LD50 values >2000 mg/kg
Thus, the toxic effect of herbicides on flora and fauna may hamper the market growth.
Post-COVID-19 Impact on the Asia-Pacific Glufosinate Market
The spread of the new coronavirus has brought about a global recession and has dealt a heavy blow to various industries. Not only the impact of the COVID pandemic has brought new business opportunities to the glufosinate market. Overall, the combination of the competitive environment, the market, and the glufosinate market have caused severe disruption due to this pandemic.
Recent Development
- In January 2022, BASF introduced its non-selective herbicide L-Glufosinate 10% SL for farmers in China. Due to the extensive patent protection for this innovative technology, BASF will be in a great position to compete in the years to come
- In June 2022, Prime Source, a part of Albaugh, LLC, introduced a new glufosinate-based herbicide combination for the grass and ornamental markets
Asia-Pacific Glufosinate Market Scope
The APAC glufosinate market is segmented based on type, form, formulation type, crop application, function, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- L-glufosinate
- D-glufosinate
Based on type, the APAC glufosinate market is segmented into L-glufosinate and D-glufosinate.
Form
- Liquid
- Dry
Based on form, the APAC glufosinate market is segmented into liquid and dry. The dry segment is further segmented by type into powder, granular, and others.
Formulation Type
- Aqueous Suspension
- Suspension Concentrate
- Soluble (Liquid) Concentrate
Based on formulation type, the APAC glufosinate market is segmented into aqueous suspension, suspension concentrate, and soluble (liquid) concentrate.
Crop Application
- Oil Seeds
- Pulses
- Cereals & Grains
- Fruits
- Vegetables
- Horticulture
- Turn & Ornaments
Based on crop application, the APAC glufosinate market is segmented into oil seeds, pulses, cereals & grains, fruits, vegetables, horticulture, turn & ornaments.
Function
- Weed Desiccation
- Control Of Active Crystallization
- Foam Management
- Drift Control
- Reduced Glutamine
- Others
Based on function, the APAC glufosinate market is segmented into weed desiccation, control of active crystallization, foam management, drift control, reduced glutamine, and others.
Distribution Channel
- Direct
- Indirect
Based on the distribution channel, the APAC glufosinate market is segmented direct and indirect.
Asia-Pacific Glufosinate Market Regional Analysis/Insights
The Asia-Pacific Glufosinate market is analyzed, and market size insights and trends are provided by type, form, formulation type, crop application, function, and distribution channel, as referenced above.
The countries covered in this market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, New Zealand, and the rest of Asia-Pacific.
China is expected to dominate the market due to the strong presence of manufacturers and high agriculture practices in the region, which eventually leads to more demand for herbicides.
The country section of the report also provides individual market-impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Glufosinate Market Share Analysis
The Asia-Pacific Glufosinate market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, the global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the APAC glufosinate market.
Some of the major players operating in the APAC glufosinate market are Syngenta, BASF SE, UPL, Corteva, Genfarm Crop Protection Pty Ltd, Merck KGaA, LIER Chemical Co., Ltd, Veyong, YongNong BioSciences CO., LTD., 4Farmers Australia, Jiangsu Qizhou Green Chemical Co., Zagro, Shandong Tiansheng Biotechnology Co., Ltd, and Indoin among others.
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