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According to the latest report published by MarketsandMarkets, the global market value of glufosinate-ammonium in 2016 was approximately US$1.
37 billion, and is expected to grow to US$2.
329 billion from 2016 to 2022 at a compound annual growth rate of 9.
25%
.
Glufosinate-ammonium is widely used in agricultural and non-agricultural sectors
.
Due to its broad-spectrum weeding and high-efficiency characteristics, the glufosinate-ammonium market has been growing year by year
.
Classified by crop type, the global glufosinate-ammonium market is mainly divided into genetically modified crops and traditional crops
.
Among them, genetically modified crops dominate, mainly because genetically modified technology is widely used in various herbicide-tolerant crops
.
Classified by application type, the glufosinate-ammonium market can be classified into agricultural and non-agricultural applications
.
In 2015, the application of glufosinate-ammonium in cereals accounted for the largest market share
.
In the next few years, benefiting from the increase in the output of glufosinate-tolerant genetically modified crops such as corn, soybeans, rapeseed, and sugarcane, the demand for glufosinate is expected to continue to increase
.
Classified by dosage form, the dosage form of glufosinate-ammonium is considered to be made into liquid preparation and solid preparation in the research
.
However, liquid formulations are widely used at present, mainly because liquid formulations have better low temperature stability than solid formulations
.
Divided by market area, in 2015, North America occupied a dominant position in the global market in terms of market value and market size
.
From 2016 to 2022, the North American market is expected to grow at a compound annual growth rate of 9.
60%
.
The main growth factors are the increase in the planting area of glufosinate-tolerant transgenic crops and the increased resistance of weeds to glyphosate herbicides in North America
.
In Europe, glufosinate-ammonium is considered a highly toxic pesticide
.
Therefore, the European Union has considered banning the product from October this year
.
However, the glufosinate ammonium products currently registered in the EU are valid until July 31, 2018
.
According to Regulation 1107/2009, the European Commission recommends that glufosinate-ammonium should be replaced in January 2015
.
Therefore, EU member states must modify or withdraw the existing glufosinate product authorization
.
The current major players in the glufosinate market include Bayer, Dow, DuPont, Syngenta and United Phosphate
.
Other companies include Nufarm, Jiangsu Real Madrid Agrochemical, Jiangsu Qizhou Green Chemical, Hebei Weiyuan Biochemical and Zhejiang Yongnong Chemical
.
37 billion, and is expected to grow to US$2.
329 billion from 2016 to 2022 at a compound annual growth rate of 9.
25%
.
Glufosinate-ammonium is widely used in agricultural and non-agricultural sectors
.
Due to its broad-spectrum weeding and high-efficiency characteristics, the glufosinate-ammonium market has been growing year by year
.
Classified by crop type, the global glufosinate-ammonium market is mainly divided into genetically modified crops and traditional crops
.
Among them, genetically modified crops dominate, mainly because genetically modified technology is widely used in various herbicide-tolerant crops
.
Classified by application type, the glufosinate-ammonium market can be classified into agricultural and non-agricultural applications
.
In 2015, the application of glufosinate-ammonium in cereals accounted for the largest market share
.
In the next few years, benefiting from the increase in the output of glufosinate-tolerant genetically modified crops such as corn, soybeans, rapeseed, and sugarcane, the demand for glufosinate is expected to continue to increase
.
Classified by dosage form, the dosage form of glufosinate-ammonium is considered to be made into liquid preparation and solid preparation in the research
.
However, liquid formulations are widely used at present, mainly because liquid formulations have better low temperature stability than solid formulations
.
Divided by market area, in 2015, North America occupied a dominant position in the global market in terms of market value and market size
.
From 2016 to 2022, the North American market is expected to grow at a compound annual growth rate of 9.
60%
.
The main growth factors are the increase in the planting area of glufosinate-tolerant transgenic crops and the increased resistance of weeds to glyphosate herbicides in North America
.
In Europe, glufosinate-ammonium is considered a highly toxic pesticide
.
Therefore, the European Union has considered banning the product from October this year
.
However, the glufosinate ammonium products currently registered in the EU are valid until July 31, 2018
.
According to Regulation 1107/2009, the European Commission recommends that glufosinate-ammonium should be replaced in January 2015
.
Therefore, EU member states must modify or withdraw the existing glufosinate product authorization
.
The current major players in the glufosinate market include Bayer, Dow, DuPont, Syngenta and United Phosphate
.
Other companies include Nufarm, Jiangsu Real Madrid Agrochemical, Jiangsu Qizhou Green Chemical, Hebei Weiyuan Biochemical and Zhejiang Yongnong Chemical
.
