PUBLISHER: 360iResearch | PRODUCT CODE: 1464880
PUBLISHER: 360iResearch | PRODUCT CODE: 1464880
[192 Pages Report] The Buprofezin Market size was estimated at USD 725.10 million in 2023 and expected to reach USD 762.59 million in 2024, at a CAGR 5.28% to reach USD 1,039.58 million by 2030.
Buprofezin is a widely used insecticide, primarily employed in agricultural settings to control sucking and chewing insects that affect a wide range of crops. The market for buprofezin encompasses its production, distribution, and application across various agricultural landscapes. The scope of this market spans regional and international boundaries and is influenced by agricultural trends, pest infestations, and technological advancements in farming practices. Buprofezin is primarily applied in crop protection, targeting pests, including whiteflies, planthoppers, and aphids. It is utilizable in various agricultural and horticultural settings, including rice paddies, vegetable farms, fruit orchards, and ornamental plant cultivation. Increasing demand for sustainable pest management solutions in agriculture is driving the usage of ibuprofen. Factors such as the expansion of agricultural activities, the adoption of integrated pest management practices, and the necessity to reduce crop losses contribute significantly to its market expansion. Additionally, regulatory approvals and recommendations for buprofezin use in key agricultural countries play a crucial role in shaping market dynamics. Environmental concerns, such as potential risks to non-target organisms and groundwater contamination using buprofezin, hamper the market growth. Developing formulations with lower ecological footprints, combined with advanced application technologies such as drone spraying, creates opportunities for significant market potential.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 725.10 million |
Estimated Year [2024] | USD 762.59 million |
Forecast Year [2030] | USD 1,039.58 million |
CAGR (%) | 5.28% |
Formulation: Growing usage of suspension concentrate formulations to reduce the potential for off-target movement
Buprofezin is a thiadiazine insect growth regulator, effectively utilized for controlling sucking pests across a variety of crops. Its formulations are designed to optimize efficacy, handling, and application characteristics. Driftless formulations are engineered to reduce the potential for off-target movement during application. These formulations usually include adjuvants or are developed in a manner that increases droplet size or weight, minimizing the risk of drift and ensuring precise delivery of the active ingredient. An emulsifiable concentrate is a liquid formulation where the active ingredient is dissolved in a solvent along with an emulsifier. Upon dilution with water, it forms an emulsion, allowing for easy application with standard spraying equipment. ECs are known for their convenience but may pose risks of phytotoxicity on sensitive crops. Suspension concentrates contain finely ground active ingredients suspended in water, aided by surfactants and stabilizers. SCs are non-flammable and easy to measure, mix, and apply, reducing operator exposure to the active ingredient. They are more environmentally friendly compared to solvent-based formulations. Water dispersible granules are dry, granulated formulations that disperse in water. They combine the ease of handling and measuring solid formulations with the ease of application typical of liquid formulations. WDGs leave minimal residue, reducing environmental impact and non-target exposure.
Crop Type: High potential of buprofezin for growing fruits & vegetable crops to sustain the quality and yield
Buprofezin is extensively used in the protection of cereals & grains against a wide array of pests. Its systemic and contact action ensures long-lasting control of pests, particularly planthoppers, which are prevalent threats to crops such as rice, wheat, and barley. The chemical acts by inhibiting the growth of immature insect stages, ensuring the protection of these staple crops from significant losses, thereby securing global food supplies and supporting the livelihoods of farming communities. In the domain of fruits & vegetables, buprofezin serves as a critical tool for farmers aiming to safeguard their produce from damaging pests such as whiteflies, aphids, and scale insects. Its selective action is particularly beneficial in integrated pest management (IPM) programs, promoting the safety of beneficial insects while targeting harmful pests. This contributes significantly to sustaining the quality and yield of high-value crops such as tomatoes, cucumbers, and citrus fruits, among others, ensuring that they meet market standards and consumer expectations.
Regional Insights
In the Americas, the buprofezin market is characterized by its steady demand in the agricultural sectors of countries such as the United States, Brazil, and Argentina. These countries, with their vast agricultural lands, employ buprofezin as an integral component in pest management strategies, particularly for crops such as soybeans, corn, and cotton. The market is supported by advanced agricultural technologies and a strong regulatory framework that emphasizes the safe and efficient use of pesticides. Asia-Pacific represents the largest market for buprofezin, owing to its extensive agricultural activities, especially in countries including China, India, and Japan. Rice, a staple food in the region, is one of the key crops utilizing buprofezin for pest control, notably against the planthopper. The expanding agricultural sector, coupled with the increasing need for high crop yield to support the growing population, drives the demand for buprofezin. The EMEA region presents a diverse market landscape for buprofezin. Europe's market is characterized by stringent regulatory controls on pesticide use, focusing on reducing chemical pesticides in favor of biological alternatives. This has led to moderated growth in the demand for buprofezin. Contrastingly, in the Middle East and Africa, the increasing agricultural activities, particularly in countries including South Africa, Egypt, and Saudi Arabia, bolster the demand for buprofezin. These regions are focusing on enhancing food security and agricultural productivity, wherein buprofezin plays a critical role in managing pests, especially in cereal and vegetable crops.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Buprofezin Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Buprofezin Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Buprofezin Market, highlighting leading vendors and their innovative profiles. These include Albaugh LLC, Anmol Biotech Private Limited, Aristo Bio-tech And Lifescience Limited, Bayer AG, Bharat Group, Biostadt India Limited, Canary Agro Chemicals Private Limited, Croda International PLC, Dhanuka Agritech Limited, Hebei Enge Biotech Co., Ltd., Insecticides (India) Limited, Jaffer Group, Jaivik Crop Care LLP, Kenvos AG, King Quenson Group, Merck KGaA, Nihon Nohyaku Co., Ltd., Nova Agritech Limited, Paras Crops Limited, Parijat Industries India Pvt. Ltd., Rallis India Limited by Tata Chemicals Limited, Sumitomo Chemical Co., Ltd.., Thermo Fisher Scientific Inc., UPL Ltd., and Zagro.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Buprofezin Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Buprofezin Market?
3. What are the technology trends and regulatory frameworks in the Buprofezin Market?
4. What is the market share of the leading vendors in the Buprofezin Market?
5. Which modes and strategic moves are suitable for entering the Buprofezin Market?