Buprofezin Market by Formulation (Drift Less Formulation, Emulsifiable Concentrate, Suspension Concentrate), Pest (Planthoppers, Psyllids, Scale Insects), Crop Type - Global Forecast 2024-2030

Buprofezin Market by Formulation (Drift Less Formulation, Emulsifiable Concentrate, Suspension Concentrate), Pest (Planthoppers, Psyllids, Scale Insects), Crop Type - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Buprofezin Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing need for higher crop yields to meet growing food demand
• Growing regulatory emphasis on environmentally sustainable pest control methods

Market Restraints

• Environmental concerns with the usage of buprofezin

Market Opportunities

• Continuous R&D activities for enhancing buprofezin formulations
• Growing shift towards integrated pest management (IPM) practices and precision agriculture

Market Challenges

• Regulatory constraints and the growing resistance of pests to conventional insecticides

Market Segmentation Analysis

• Formulation: Growing usage of suspension concentrate formulations to reduce the potential for off-target movement
• Crop Type: High potential of buprofezin for growing fruits & vegetable crops to sustain the quality and yield

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Buprofezin Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Buprofezin Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nichino America and Sipcam Signed Another Cross-License Agreement, Which will Increase the Market Share of Fenpyroximate and Buprofezin in the United States

Nichino America and Sipcam Agro have reinforced their market presence through a new cross-licensing agreement, building on their initial collaboration established in September 2023. This partnership extends Nichino's innovative acaricide/insecticide, Fenpyroximate 5SC/5EC, to Sipcam Agro, offering its customers advanced solutions for managing mites across various specialty crops. This collaboration follows their first agreement, which allowed Sipcam Agro early access to Nichino's Buprofezin 70 DF/WDG insect growth regulator formulations (Odeza, Sussex), targeting nymph and crawling pest stages effectively.

Insecticides India To Expand Capacity In Rajasthan, Gujarat, Will Invest INR 150 Crore

Insecticides India has planned an investment of INR 150 crore over the next two years to expand operational capacity in Rajasthan and Gujarat, while also launching new herbicide and insecticide products ahead of the Navratri festival. A significant portion of the investment, approximately INR 100 crore, is allocated for establishing a new plant in Sotanala, Behror district of Rajasthan, enhancing the company's production of agro-chemicals. Additionally, Insecticides India intends to invest INR 25 crore to extend its SEZ plant in Dahej, Gujarat, and another INR 25 crore to consolidate its technical plants in Chopanki and Dahej, focusing on manufacturing 8-9 active ingredients.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Buprofezin Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

This research report categorizes the Buprofezin Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Formulation
• Drift Less Formulation
• Emulsifiable Concentrate
• Suspension Concentrate
• Water Dispersible Granules
• Wettable Powder
• Pest
• Planthoppers
• Psyllids
• Scale Insects
• Whiteflies
• Crop Type
• Cereals & Grains
• Fruits & Vegetables

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year