Europe Glufosinate Market which is currently valued at USD 350 Million in 2021 is projected to reach USD 600 Million by 2026 growing at a CAGR of 8.57% showing huge potential in the forecast period. The market is expected to gain momentum owing to the factors like glufosinate’s broad weed spectrum and its high efficacy. Glufosinate has varied applications in both agricultural and non-agricultural sectors.
Glufosinate, a type of herbicide with high effectiveness that is generally used for weed control in different types of crops is being widely used all over Europe. Farmers have been relying on Glufosinate for its vast area of effect and high degree of crop safety avoiding the need for different herbicides for different forms of weed on a given crop.
Drivers and Restraints of Europe Glufosinate Market:
The rising in the demand for Glufosinate as a substitute to glyphosate and paraquat has led to the Glufosinate market ganing enormous potential in the past years. The factors like the herbicide contribution in securing food bowl, steady expansion of herbicide tolerant crops usage, GM crop acceptance and approval trend are also favouring the Europe Glufosinatte market. However, the market is hindered by a few restraints and challenges which held it back from showing even higher rate of growth. Some of the important ones includes stringent government regulations and toxic effects resulting from the usage of Glufosinate. Moreover, the European market banned the business of Glufosinate resulting in the fall of market in Europe.
Europe Glufosinate Market – By Crop Type:
Genetically Modified Crops
Europe Glufosinate Market – By Form:
Europe Glufosinate Market – By Application:
Based on geography, the Europe market is analysed under various regions namely
Some of the major companies dominating the Glufosinate market include Bayer AG, Nufarm Ltd, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Syngenta AG, UPL, Jiangsu Huangma Agrochemicals Co Ltd., Jiangsu Seven continent Green Chemical Co Ltd., Zhejiang Yongnong Chem. Ind. Co. Ltd, Hebei Veyong Bio-Chemical Co Ltd.
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