Glufosinate Market Size, Share Report, Analysis, Trends, Growth, 2030
The glufosinate market size was worth around USD 190.87 Million in 2022 and is predicted to grow to around USD 330.24 Million by 2030 with a compound annual growth rate (CAGR) of roughly 7.09% between 2023 and 2030.
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Genetically modified (GM) crops, which are resistant to glufosinate, are a significant contributor to market growth, particularly in North America. GM crops such as soybeans, cotton, and maize are widely used in this region, driving demand for glufosinate as an effective weed control solution.
Additionally, the market benefits from innovations in precision agriculture, such as intelligent spray systems, which enhance the efficacy of glufosinate applications.
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Europe and Asia-Pacific are also key regions, though Europe faces more stringent regulations on herbicide use. However, sustainable farming practices are creating opportunities in this market.
Some of the significant players in the global glufosinate market include
The global Glufosinate Market is segmented as follows:
By Formulations
- Soluble (Liquid) Concentrate
- Suspension Concentrate
- Liquid
- Aqueous Suspension
- And Others
By Crops
- Fruits & Vegetables
- Oil Seeds & Pulses
- Cereals
- Grains
- And Others
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