Latin America Glufosinate Market

Latin America Glufosinate Market Size (2024 to 2029)

The Latin America glufosinate market size is expected to reach USD 411.82 million in 2024 and is anticipated to reach USD 661.13 million by 2029, growing at a CAGR of 9.93% from 2024 to 2029.

The market is predicted to showcase enormous potential in the forecast period owing to the factors like glufosinate’s high efficacy as well as broad weed spectrum. Glufosinate has varied applications in both non-agricultural and agricultural sectors.

Glufosinate is a type of herbicide that has high effectiveness and is generally used for controlling weeds in different types of crops all over Latin America. Farmers depend on glufosinate because of its assistance in providing high degree of crop safety and its vast effect area avoiding the requirement for different herbicides for different forms of weeds on a given crop.

The increase in the demand for glufosinate as a substitute to glyphosate and paraquat has led to the market for glufosinate to show rising potential in the recent years. Other important factors driving the market include, herbicide contribution in securing food bowl, steady expansion of herbicide tolerant crops usage, GM crop acceptance and approval trend. The market also faces some restraints and challenges which have held it back from showing even higher growth. Some of the major ones are, stringent government regulations, toxic effects of glufosinate.

This research report on the Latin America glufosinate market size is segmented and sub-segmented into the following categories.

Latin America Glufosinate Market Analysis By Crop

• genetically modified crops
• conventional crops with genetically modified crops leading the Glufosinate market

Latin America Glufosinate Market Analysis By Form

• dry
• liquid form

Latin America Glufosinate Market Analysis By Application

• agricultural
  • grains & cereals
  • fruits & vegetables
  • oilseeds & pulses and others
• non-agricultural

COUNTRY ANALYSIS

• Brazil
• Argentina
• Mexico

Based on geography, the Latin America market is analysed under various regions of Brazil, Argentina, Mexico, and rest of Latin America.

KEY PLAYERS IN THE LATIN AMERICA GLUFOSINATE MARKET

Some of the major companies dominating the Glufosinate market include The Dow Chemical Company, Bayer AG, E. I. du Pont de Nemours and Company, UPL, Syngenta AG, Jiangsu Huangma Agrochemicals Co Ltd., Nufarm Ltd, Jiangsu Seven continent Green Chemical Co Ltd., Zhejiang Yongnong Chem. Ind. Co. Ltd. , Hebei Veyong Bio-Chemical Co Ltd.