The glufosinate market is estimated to be valued at USD 1.37 Billion in 2016, and is projected to grow at a CAGR of 9.25% from 2016 to 2022. Glufosinate finds wide applications in agricultural and non-agricultural sectors. Factors such as its broad weed spectrum and high efficacy has fueled the growth of this market.

On the basis of crop type, the global market is segmented into genetically modified crops and conventional crops. The genetically modified crops dominated the market owing to its major use in the production of various products and wider availability. Genetic modified techniques are widely used to make crops herbicide-resistant.

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The usage of genetically modified crops is increasing because of its cost-effective characteristic. Genetically modified crops have wide usage applications for glyphosate and glufosinate for weed controlling purposes. Herbicide-tolerant crops consistently occupied the largest planting area of biotech crops. Increase in the area under cultivation of herbicide-tolerant crops will drive growth in glufosinate market since glyphosate-resistant weeds are gradually growing across regions.

The North American region dominated the market and accounted for the largest share, in terms of both value and volume, in the global glufosinate market, in 2015. The North American market is projected to grow at a CAGR of 9.60% from 2016 to 2022. Factors such as increasing acreage under glufosinate-tolerance crops, and resistance development to glyphosate herbicide products in countries of the North American region are driving the growth of the glufosinate market.

Key players are Bayer AG (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), and UPL (India).

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