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According to our LPI (LP Information) latest study, the global Glufosinate Ammonium market size was valued at US$ 401.1 million in 2023. With growing demand in downstream market, the Glufosinate Ammonium is forecast to a readjusted size of US$ 888.5 million by 2030 with a CAGR of 12.0% during review period.
The research report highlights the growth potential of the global Glufosinate Ammonium market. Glufosinate Ammonium are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Glufosinate Ammonium. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Glufosinate Ammonium market.
Glufosinate ammonium is an organic compound with the chemical formula C5H15N2O4P. It was first brought to market in 1984, and is wildly used on control weeds in more than 100 crops in 82 countries around the world. The main application of glufosinate ammonium is the production of herbicide. As a broad-spectrum herbicide, glufosinate ammonium acts against a wide range of annual and perennial broadleaf weeds and grasses. This also includes difficult-to-control glyphosate-resistant weeds such as amaranthus, lolium, conyza and malva. Currently, with the features of high efficiency, low toxicity and easy decomposability, glufosinate ammonium gains great attention.
Glufosinate Ammonium has two models: 95%TC and 50% TK. TK is an abbreviation of technical concentration. TC is an abbreviation of technical material. The active ingredient of 95%TC is 95%min. Most enterprises can offer this product. The active ingredient of 50%TK is 50%min, and supply of TC is limited.
The major players in global Glufosinate Ammonium market include Lier Chemical, Jiangsu Huifeng, etc. The top 2 players occupy about 60% shares of the global market. North America and China are main markets, they occupy about 90% of the global market. 95%TC is the main type, with a share about 90%. Herbicide is the main application, which holds a share about 75%.
Key Features:
The report on Glufosinate Ammonium market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Glufosinate Ammonium market. It may include historical data, market Segmentation by Type (e.g., 95%TC, 50%TK), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Glufosinate Ammonium market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Glufosinate Ammonium market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Glufosinate Ammonium industry. This include advancements in Glufosinate Ammonium technology, Glufosinate Ammonium new entrants, Glufosinate Ammonium new investment, and other innovations that are shaping the future of Glufosinate Ammonium.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Glufosinate Ammonium market. It includes factors influencing customer ' purchasing decisions, preferences for Glufosinate Ammonium product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Glufosinate Ammonium market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Glufosinate Ammonium market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Glufosinate Ammonium market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Glufosinate Ammonium industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Glufosinate Ammonium market.
Market Segmentation:
Glufosinate Ammonium market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- 95%TC
- 50%TK
Segmentation by application
- Herbicide
- Insecticides and Fungicides
- GM Crops
- Desiccant
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Bayer CropScience
- Lier Chemical
- Zhejiang YongNong
- Jiangsu Huifeng
- Veyong
- Jiangsu Huangma
- Jiaruimi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Glufosinate Ammonium market?
What factors are driving Glufosinate Ammonium market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Glufosinate Ammonium market opportunities vary by end market size?
How does Glufosinate Ammonium break out type, application?