Glufosinate Market - Forecast, 2022-2027
Glufosinate market size is forecast to reach US$3.8 billion by 2027 after growing at a CAGR of 10.2% during 2022-2027. Glufosinate is an organic chemical compound (C5H12NO4P), which is originally called phosphinothricin. Glufosinate is mainly used as an effective herbicide in a wide variety of crops and herbs to prevent insects and bugs in both agricultural farms and non-agricultural uses. Glufosinate is also being called ammonium salt, which is a naturally occurring highly efficient herbicide, which is produced using different species of Streptomyces soil bacteria, whereas glufosate and paraquat are the synthetic versions of glufosinate. Glufosinate acts as a unique, simple, and effective weed control solution for a broad range of crops and weeds, due to its low toxicity, easy decomposition, and high efficiency in small quantities. Farmers use glufosinate herbicide as it ensures more protection, and it works only on the applied part of the crops and plant, where its application to a ...