Glufosinate-P Market Revenue was valued at USD 1.55 Billion in 2024 and is estimated to reach USD 2.45 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
In 2021, the global Glufosinate P market was valued at approximately USD 2.14 billion and is projected to reach USD 4.51 billion by 2028, reflecting a compound annual growth rate (CAGR) of 11.2% during the forecast period. North America held a significant market share, accounting for about 45% of the global market, driven by increased adoption of glufosinate tolerant crops and resistance to other herbicides. Europe and China collectively contributed around 55% to the market, with Europe facing regulatory challenges that may impact future growth. The Asia Pacific region, particularly countries like China and India, is experiencing rapid growth due to rising demand for effective herbicides in agriculture. The markets expansion is fueled by increasing global food demand, necessitating higher agricultural productivity. Glufosinate Ps effectiveness in controlling a broad spectrum of weeds, including those resistant to other herbicides, makes it a preferred choice among farmers. Additionally, government initiatives promoting sustainable agriculture and technological advancements in farming practices present further opportunities for market growth. However, challenges such as regulatory pressures, potential health hazards associated with glufosinate use, and competition from alternative herbicides may influence the market dynamics in the coming years.
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Meiji Seika
BASF
Lier Chemical
Yonon
Shandong Luba Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glufosinate-P Market
Herbicide
Insecticide
Fungicide
Plant Growth Regulator
Row Crops
Fruit and Vegetable Crops
Ornamental Plants
Other Specialty Crops
Liquid Formulations
Granular Formulations
Wettable Powder
Soluble Powder
Direct Sales
Online Retailing
Wholesale Distributors
Agrochemical Suppliers
Farmers
Agricultural Cooperatives
Commercial Growers
Research and Academic Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glufosinate-P Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glufosinate-P Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glufosinate-P Market, By Type
6. Global Glufosinate-P Market, By Application
7. Global Glufosinate-P Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Glufosinate-P Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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