Global Glufosinate Ammonium Market Insights and Forecast to 2028

Glufosinate ammonium is an organic compound with the chemical formula C5H15N2O4P. It was first brought to market in 1984, and is wildly used on control weeds in more than 100 crops in 82 countries around the world. The main application of glufosinate ammonium is the production of herbicide. As a broad-spectrum herbicide, glufosinate ammonium acts against a wide range of annual and perennial broadleaf weeds and grasses. This also includes difficult-to-control glyphosate-resistant weeds such as amaranthus, lolium, conyza and malva. Currently, with the features of high efficiency, low toxicity and easy decomposability, glufosinate ammonium gains great attention.
Glufosinate Ammonium has two models: 95%TC and 50% TK. TK is an abbreviation of technical concentration. TC is an abbreviation of technical material. The active ingredient of 95%TC is 95%min. Most enterprises can offer this product. The active ingredient of 50%TK is 50%min, and supply of TC is limited.
Market Analysis and Insights: Global Glufosinate Ammonium Market
Due to the COVID-19 pandemic, the global Glufosinate Ammonium market size is estimated to be worth US$ 461.6 million in 2022 and is forecast to a readjusted size of US$ 891.8 million by 2028 with a CAGR of 11.6% during the review period. Fully considering the economic change by this health crisis, 95%TC accounting for % of the Glufosinate Ammonium global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Herbicide segment is altered to an % CAGR throughout this forecast period.
The major players in global Glufosinate Ammonium market include Lier Chemical, Jiangsu Huifeng, etc. The top 2 players occupy about 60% shares of the global market. North America and China are main markets, they occupy about 90% of the global market. 95%TC is the main type, with a share about 90%. Herbicide is the main application, which holds a share about 75%.
In terms of production side, this report researches the Glufosinate Ammonium capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Glufosinate Ammonium by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Glufosinate Ammonium Scope and Segment
Glufosinate Ammonium market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Glufosinate Ammonium market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
95%TC
50%TK
Segment by Application
Herbicide
Insecticides and Fungicides
GM Crops
Desiccant
By Company
Bayer CropScience
Lier Chemical
Zhejiang YongNong
Jiangsu Huifeng
Veyong
Jiangsu Huangma
Jiaruimi
Production by Region
North America
Europe
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE