Market Forecast By Crop Type (Genetically Modified Crops, Conventional Crops), By Form (Liquid Formulation, Dry Formulation), By Application (Agricultural, Non Agricultural) And Competitive Landscape
Product Code: ETC4593876 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Australia Glufosinate Market |
Forecast period | 2025-2031 |
CAGR | 5% |
Growing Sector | Agriculture |
Australia Glufosinate Market report thoroughly covers the market by crop type, form and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Glufosinate Market is poised for significant growth, fueled by an escalation in agrarian practices that focus on reducing the environmental footprint. Glufosinate, a potent herbicide, has gained traction for its efficacy in controlling a wide spectrum of weeds, thus ensuring higher crop yield. The market's expansion is further underpinned by the stringent regulations on the use of chemical herbicides, pushing the demand for environment-friendly alternatives. Amidst this backdrop, Australian farmers and agricultural corporations are progressively incorporating glufosinate into their pest management arsenals, signaling a pivotal shift towards sustainable agriculture in the region.
According to 6Wresearch, the Australia Glufosinate Market size is projected to grow at the CAGR of 5% during the forecast period of 2025-2031. The growth of the Australia glufosinate market is primarily driven by the increasing demand for food crops and sustainable agriculture practices. With a growing population, there is a rising need for higher crop yields to meet the food requirements. Glufosinate helps in controlling weeds that compete with crops for nutrients, water, and sunlight, thus improving crop yield. Moreover, the increasing awareness among consumers regarding the harmful effects of chemical residues in food products has led to a shift towards organic and non-GMO food items. Glufosinate is approved for use in organic farming and is considered a safer alternative to conventional herbicides, further driving its demand in the market. Despite its potential for growth, the Australia glufosinate market faces certain challenges that may impede its progress. One of the major hindrances is the high cost of glufosinate compared to other herbicides, making it less accessible for small-scale farmers. Moreover, strict regulations regarding the usage and application of glufosinate in certain areas can limit its adoption, leading to a Australia Glufosinate Market Growth. The Australia glufosinate market presents several opportunities for growth and development in the coming years. With technological advancements, there is a continuous effort to improve the efficiency and effectiveness of herbicides, including glufosinate. This presents an opportunity for manufacturers to develop newer formulations and increase their market share. Additionally, with the increasing demand for organic and non-GMO food products, there is also a potential for growth in the demand for glufosinate as an approved herbicide for organic farming.
The Australian government has introduced several policies and schemes to regulate and encourage the responsible use of herbicides, including glufosinate. These initiatives are aimed at ensuring the safety of both the environment and human health, while also supporting the growth of the agriculture sector. For example, the Australian Pesticides and Veterinary Medicines Authority (APVMA) regularly reviews and updates the guidelines for herbicide usage, ensuring that they meet the latest safety standards. Furthermore, the government has also implemented incentive programs for farmers who adopt sustainable and eco-friendly farming practices, which includes the use of approved herbicides like glufosinate.
The Australia glufosinate Industry is characterized by the presence of several key players who are driving innovation and growth in the sector. Some of the leading companies include Bayer CropScience, BASF SE, and Syngenta AG. These companies are at the forefront of research and development efforts, striving to produce more effective and environmentally friendly glufosinate formulations. Their strong focus on sustainability and meeting the stringent regulatory standards set by Australian authorities positions them as leaders within the market.
The Glufosinate market in Australia is poised for continued growth and evolution. The increasing emphasis on sustainable agriculture, along with the rising demand for organic food products, will likely drive further investments in glufosinate research and development. Additionally, advancements in technology could lead to more efficient application methods and formulations, reducing costs and improving accessibility for farmers. With these developments, glufosinate is expected to play an even more significant role in promoting sustainable agricultural practices in Australia, marking a promising future for the industry.
According to Ravi Bhandari, Research Head, 6Wresearch, both the liquid and dry formulations of glufosinate are expected to witness significant growth in the Australian market. The liquid formulation currently holds a larger share due to its ease of use and better coverage, but the dry formulation is gaining traction due to its longer shelf life and cost-effectiveness.
The agricultural segment is expected to witness significant growth in the Australia Glufosinate Market, driven by its extensive use in weed control for crops such as wheat, barley, canola, and cotton. The increasing adoption of glufosinate-resistant genetically modified (GM) crops has also propelled the demand for this herbicide in agricultural applications.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Glufosinate Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Glufosinate Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Glufosinate Market - Industry Life Cycle |
3.4 Australia Glufosinate Market - Porter's Five Forces |
3.5 Australia Glufosinate Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.6 Australia Glufosinate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Australia Glufosinate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Glufosinate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Glufosinate Market Trends |
6 Australia Glufosinate Market, By Types |
6.1 Australia Glufosinate Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Glufosinate Market Revenues & Volume, By Crop Type, 2021-2031F |
6.1.3 Australia Glufosinate Market Revenues & Volume, By Genetically Modified Crops, 2021-2031F |
6.1.4 Australia Glufosinate Market Revenues & Volume, By Conventional Crops, 2021-2031F |
6.2 Australia Glufosinate Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Australia Glufosinate Market Revenues & Volume, By Liquid Formulation, 2021-2031F |
6.2.3 Australia Glufosinate Market Revenues & Volume, By Dry Formulation, 2021-2031F |
6.3 Australia Glufosinate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Glufosinate Market Revenues & Volume, By Agricultural, 2021-2031F |
6.3.3 Australia Glufosinate Market Revenues & Volume, By Non Agricultural, 2021-2031F |
7 Australia Glufosinate Market Import-Export Trade Statistics |
7.1 Australia Glufosinate Market Export to Major Countries |
7.2 Australia Glufosinate Market Imports from Major Countries |
8 Australia Glufosinate Market Key Performance Indicators |
9 Australia Glufosinate Market - Opportunity Assessment |
9.1 Australia Glufosinate Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.2 Australia Glufosinate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Australia Glufosinate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Glufosinate Market - Competitive Landscape |
10.1 Australia Glufosinate Market Revenue Share, By Companies, 2024 |
10.2 Australia Glufosinate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |