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World Glufosinate Market - Opportunities and Forecasts, 2014 - 2022

  • Publisher: Allied Market Research
  • Publication date: Jul. 19, 2016
  • Format: Electronic – PDF
  • Pages: 135
  • Price:
 
Summary
Table of contents
 
The demand for glufosinate herbicides has witnessed tremendous growth driven by the development of genetically modified glufosinate-tolerant crops. In the last five years, significant capacity expansion has been witnessed in the industry and this trend is expected to continue in the future as well. Bayer CropScience is the largest producer of glufosinate and intends to expand its capacity to almost twofold by end of 2017, owing to strong demand from regions such as North America and Asia-Pacific. Similarly, the Chinese companies such as Lier Chemical Company Ltd., Inner Mongolia Jiaruimi Fine Chemical Co., Ltd., and others are also expanding to meet the growing demand for glufosinate. Currently, there are about five major synthesis process for glufosinate. However, the number of producers in the industry are limited due to high technological barriers in its commercial production.

In the year 2015, cereals & grains was the fastest growing segment with a CAGR of 19.4% followed by oilseeds & pulses and other crop segment (including tea, coffee, cotton, forestry, tobacco, turf, and spices). Penetration of glufosinate is rising significantly in cereals & grains owing to its broad weed spectrum, high efficacy, and wide commercialization of genetically modified glufosinate tolerant crops globally.

The soluble (liquid) concentrate segment occupied more than half of the share in 2015 and is expected to maintain its lead throughout the forecast period. Presence of amine (ammonium salt) or mineral salt in the molecules of formulation enables water solubility which makes it most preferred in the glufosinate industry. Other major formulation types used in the industry are aqueous suspension, liquid, and suspension concentrate.

Key findings of the study
 
North America is anticipated to lead throughout 2022, growing at a CAGR of 20% from 2016 to 2022.
 
Asia-Pacific is projected to be the fastest growing segment.
 
In the year 2015, the soluble (liquid) concentrate was the most widely accepted formulation type and is expected to maintain its lead in the future.
 
U.S. was the leading country in the world glufosinate market in 2015, and is anticipated to maintain its dominance.
 
In the year 2015, North America and Asia-Pacific collectively accounted for nearly two-thirds of the worldwide demand for glufosinate and are expected to maintain their lead position throughout the period under consideration. However, Asia-Pacific is projected to be the fastest growing segment, with a CAGR of 21.4%, followed by North America. Growing concern towards wide usage of agrochemicals in various crops, which has led to a shift toward bio-based solutions, is the driving factor for glufosinate herbicides demand in all the regions.
 

KEY MARKET BENEFITS:

  • Comprehensive analysis of factors that drive and restrict the growth of the global glufosinate market is provided.
  • The projections are made by analyzing the current market trends and future estimations from 2014 to 2022, in terms of value and volume.
  • Region- and country-wise, the glufosinate market conditions are comprehensively analyzed.
  • Exhaustive analysis by application helps in understanding the penetration level of glufosinate in various crops in different regions and countries.
  • Competitive intelligence (of leading manufacturers and distributors) facilitates in understanding the competitive scenario across the geographies.
  • SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
  • An in-depth analysis of current research and clinical developments is provided with key market dynamics, which helps in understanding the market behavior.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
  • Key players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the market.



GLUFOSINATE MARKET SEGMENT:
The world glufosinate market is segmented as follows:
By - Crop Type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By - Formulation Type
Aqueous Suspension
Liquid
Suspension Concentrate
Soluble (Liquid) Concentrate
Others
By - Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Others
Asia-Pacific
China
India
Korea
Others
LAMEA
Brazil
Argentina
Others


Companies covered
Bayer CropScience, Hebei Bestar Bio-Technology Co., Ltd., Hebei Veyong Bio-Chemical Co., Ltd., Inner Mongolia Jiaruimi Fine Chemical Co., Ltd., Jiangsu Huangma Agrochemicals Co., Ltd., Jiangsu Sevencontinent Green Chemical Co., Ltd., Lier Chemical Company Ltd., UPL Ltd., Zhejiang Yongnong Chem. Ind. Co., Ltd.