Middle East and Africa Glufosinate Market which is currently estimated at USD 180 Million in 2021 and is likely to witness a CAGR of 8.9% in the forecast period reaching USD 250 Million by 2026. The market is showcasing significant potential in the given forecasting period. The Middle East & Africa Glufosinate Market has continued to gain momentum as a result of factors such as glufosinate’s broad weed spectrum and high efficacy. Glufosinate finds varied applications in both non-agricultural as well as agricultural sectors.
Glufosinate is a kind of herbicide which is highly effective and is generally used to control weed in various types of crops all over Middle East & Africa. Farmers depend on Glufosinate because it assists in providing a high degree of crop safety and has a vast area of effect thus, avoiding the need for different herbicides for various kinds of weeds in a given crop.
Drivers and Restraints:
The increase in the demand for Glufosinate as a substitute to glyphosate and paraquat has resulted in an immense potential in the Glufosinate market over the recent years. Other key factors driving the Middle East & Africa Glufosinate Market include steady expansion in the use of herbicide-tolerant crops, GM crop acceptance and approval trend, herbicide contribution in securing food bowl. The Middle East & Africa Glufosinate Market has also been facing some restraints and challenges which hold it back from showing even higher growth rate. Some of the major ones are, stringent government regulations and toxic effects of Glufosinate.
genetically modified crops
Based on geography, the Middle East & Africa Glufosinate Market is analysed under two regions namely Middle East and Africa.
Some of the major companies dominating the Middle East & Africa Glufosinate Market include Hebei Veyong Bio-Chemical Co Ltd., Bayer AG, The Dow Chemical Company, Syngenta AG, E. I. du Pont de Nemours and Company, UPL, Jiangsu Huangma Agrochemicals Co Ltd., Nufarm Ltd, Jiangsu Seven continent Green Chemical Co Ltd., Zhejiang Yongnong Chem. Ind. Co. Ltd.
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