The European glufosinate market was valued at USD 412.56 million in 2023 and is anticipated to reach USD 447.92 million in 2024 from USD 864.72 million in 2032, growing at a CAGR of 8.57% during the forecast period from 2024 to 2032.
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.
The European glufosinate market is expected to gain momentum owing to factors like glufosinate’s broad weed spectrum and its high efficacy. Glufosinate has varied applications in both agricultural and non-agricultural sectors. The rising demand for glufosinate as a substitute for glyphosate and paraquat has led to the glufosinate market gaining enormous potential in the past few years. Factors like the herbicide contribution in securing food bowls, steady expansion of herbicide-tolerant crop usage, GM crop acceptance, and approval trend are also favoring the Europe Glufosinate market.
However, the market is hindered by a few restraints and challenges that hold it back from showing an even higher rate of growth. Some of the important ones include 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 the market in Europe.
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.
Frequently Asked Questions
As of the latest data, the Europe Glufosinate Market is valued at USD 412.56 billion in 2023.
Germany and France are the major contributors to the glufosinate market.
The Netherlands focuses on sustainable agriculture initiatives, encouraging the adoption of glufosinate with low environmental impact and promoting integrated weed management.
It is segmented by Crop Type, Form Type, And Application are covered in the glufosinate Market in Europe.
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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