+1-888-308-5802     
News Contact Us

Glufosinate Market Size Explores New Growth Opportunities from 2019 to 2024

Author : Ronak Bora | Published Date : 2019-05-30 

Glufosinate Market size is mainly driven by increase in herbicides demand in the agriculture industry. Growing demand for glyphosate resistance weeds, agrochemical industry for farmlands and technological innovation is expected to drive glufosinate (C5H12NO4P) market demand size. The product is used in no tillage farming and as a substitute for paraquat and glyphosate, which benefits farmers in controlling broad leaved weeds and grasses in a wide range of horticulture and agriculture crops. In addition, product is used as a desiccant, a hydroscopic material used for dying, on agricultural crops which facilitates harvesting.

Furthermore, increasing use of genetically modified crops owning to its cost effective characteristic and weed controlling properties will boost glufosinate market demand. Herbicide tolerant crops occupy the largest planting area of bio-tech crops. Increase in area for cultivation of herbicide tolerant crops is expected to up surge product market growth. Introduction of C5H12NO4P tolerant crops will increase the product’s usage on various agricultural applications including, cereals, grains and oilseeds.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1299

The herbicide causes toxicity in flora & fauna and animals, which may hamper glufosinate market growth. In October 2017, the European commission has decided to ban the use of C5H12NO4P due to its high toxicity and risk for non-target arthropods and mammals. The present EU registration for the product is valid until July 2018. The commission suggested that this herbicide should be substituted in January 2015. Hence, the goods comprising C5H12NO4P must go through relative assessment by member states. This will further affect glufosinate market growth.

Price is increasing rapidly for this herbicide owing to the increase in demand. The major restraints in the glufosinate market are complex production process and high price. Furthermore, the product is toxic for soil and aquatic microorganisms, which causes threat to wild plant communities and may increase nitrogen leaching from arable seeds.

North America glufosinate market holds the maximum market potential for new entrants due to growing demand for bio based agro solutions in agricultural sector and extensive commercialization of genetically modified C5H12NO4P tolerant crops. Moreover, the U.S. Food and Drug Administration (FDA) considers it safer relative to other herbicides present in the market including, paraquat and atrazine.

Request for customization @ https://www.gminsights.com/roc/1299

The glufosinate market is consolidated due to presence of many large-scale manufacturers globally. Some of the key industry participants are Bayer, E.I. Du Pont, Jiangsu Huangma Agrochemicals, Jiangsu Sevencontinent Green Chemical, Nufarm, Syngenta, the DOW Chemical, Zhejiang Yongnong Chemical, Jiangsu Sevencontinent Green Chemical, Jiangsu Huangma Agrochemicals, United Phosphorus, Veyong and Zhejiang Yongnong.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved