North America Glufosinate Market

North America Glufosinate Market Size, Growth, Trends and Forecast:

North America Glufosinate Market in 2020 is estimated USD 710 Million in 2021 and is forecasted to reach USD 1021 Million by 2026 witnessing a CAGR of 9.61%. The significant growth rate is attributed to the high potential for North America Glufosinate market owing to factors like glufosinate’s wide weed spectrum and high efficacy. Glufosinate also finds varied applications in both agricultural as well as non-agricultural sectors. 

Glufosinate which is generally used in weed control in various crop types all over North America is a type of herbicide with high efficiency. Farmers rely on Glufosinate due to its assistance in providing high degree of crop safety and also its vast effect area avoiding the requirement for different herbicides for various kind of weeds on a given crop.

Drivers and Restraints of North America Glufosinate Market:

The growth in the demand for Glufosinate as a substitute to paraquat as well as glyphosate has led to the Glufosinate market to show huge potential over the recent years. Other important factors driving the market are, herbicide contribution in securing food bowl, steady expansion of herbicide-tolerant crops usage, GM crop acceptance and approval trend. The market also witnesses some restraints and challenges which are responsible for hindering it from showing even higher growth. Some of the major ones include stringent government regulations, toxic effects of Glufosinate.

North America Glufosinate Market Segmentation:

North America Glufosinate Market – By Crop Type:

• Conventional crops

• Genetically modified crops

North America Glufosinate Market – By Form:

• Liquid
• Dry form

North America Glufosinate Market – By Application:

• Agricultural
• Non-agricultural products

Geographical Analysis:

Based on geography, the North America market is analyzed under two regions namely the

• United States
• Canada

Key Players:

Some of the major companies dominating the North America Glufosinate market include Bayer AG, E. I. du Pont de Nemours and Company, Syngenta AG, The Dow Chemical Company, Zhejiang Yongnong Chem. Ind. Co. Ltd., Nufarm Ltd, Jiangsu Huangma Agrochemicals Co Ltd., Hebei Veyong Bio-Chemical Co Ltd., UPL and Jiangsu Seven continent Green Chemical Co Ltd.