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(MoneyNewsWire.Net, February 16, 2018 ) North America Glufosinate Market in 2016 is estimated USD 0.52 billion in 2016 and is forecasted to reach USD 0.83 Billion by 2021 witnessing a CAGR of 9.61%. The significant growth rate is attributed to high potential for North America Glufosinate market owing to the factors like glufosinate’s wide weed spectrum and high efficacy. Glufosinate also finds varied applications in both agricultural as well as non-agricultural sectors.
Glufosinate which is generally used in weed control in various crop types all over North America is a type of herbicide with high efficiency. Farmers rely on Glufosinate due to its assistance in providing high degree of crop safety and also its vast effect area avoiding the requirement for different herbicides for various kind of weeds on a given crop.
The growth in the demand for Glufosinate as a substitute to paraquat as well as glyphosate has led to the Glufosinate market to show huge potential over the recent years. Other important factors driving the market are, herbicide contribution in securing food bowl, steady expansion of herbicide tolerant crops usage, GM crop acceptance and approval trend. The market also witnesses some restraints and challenges which are responsible for hindering it from showing even higher growth. Some of the major ones include, stringent government regulations, toxic effects of Glufosinate.
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The North America market for Glufosinate is fragmented based on Crop Type, Form and Application. Based on the type of crop, the market in divided as conventional crops and genetically modified crops while the later dominate the North America Glufosinate market. By the form of glufosinate, it is segmented as liquid and dry form. On the basis of application, the market is studied under agricultural and non-agricultural products. The agricultural segmented is further fragmented into grains & cereals, oilseeds & pulses, fruits & vegetables and others.
Based on geography, the North America market is analysed under two regions namely United States and Canada.
Some of the major companies dominating the North America Glufosinate market include Bayer AG, E. I. du Pont de Nemours and Company, Syngenta AG, The Dow Chemical Company, Zhejiang Yongnong Chem. Ind. Co. Ltd., Nufarm Ltd, Jiangsu Huangma Agrochemicals Co Ltd., Hebei Veyong Bio-Chemical Co Ltd., UPL and Jiangsu Seven continent Green Chemical Co Ltd.,
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