Global Buprofezin Market Overview
The Buprofezin Market Size was estimated at 0.38 (USD Billion) in 2022. The Buprofezin Industry is expected to grow from 0.41(USD Billion) in 2023 to 0.75 (USD Billion) by 2032. The Buprofezin Market CAGR (growth rate) is expected to be around 7.03% during the forecast period (2024 - 2032).
Key Buprofezin Market Trends Highlighted
The Buprofezin market is influenced by various factors, including the increasing adoption of crop protection solutions, growing demand for high-value crops, and need for effective pest management. Key market drivers include rising agricultural production, government regulations, and the development of new technologies. Opportunities for market growth lie in the expansion of organic farming, Precision agriculture, and biopesticides. Recent trends in the market include the emergence of novel formulations, the use of drones for pesticide application, and the development of integrated pest management (IPM) practices. By addressing these trends, market players can capitalize on new opportunities and enhance the efficiency of crop protection strategies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Buprofezin Market Drivers
Rising Demand for Crop Protection Amidst Increasing Pest Prevalence
The increase in the number and severity of pests and diseases in the agricultural systems is a new challenge that all farmers have to contend with. Buprofezin is an insecticidal compound that effectively addresses this issue, as it can target a diverse group of pests. These include various insect species, such as aphids, whiteflies and thrips and its value for multiple integrated pest management programs is recognized. One factor that is likely to drive the demand for buprofezin is the adoption of IPM practices that are aimed at reducing the negative impact on the environment and decreasing the reliance on synthetic pesticides.Another factor that will drive the growth of the buprofezin market will be rising awareness among farmers about the benefits of this product, which include its effectiveness against target pests and minimal effect on beneficial insects. Therefore, it is likely that the buprofezin industry s growth will be moderate over the forecast period due to the rising prevalence of pests and diseases related to crops.
Expansion of High-Value Crop Cultivation
The flourishing cultivation of high-value crops, such as fruits, vegetables and ornamentals, has contributed to the growing demand for buprofezin. These crops are particularly susceptible to pest infestations, and their economic value necessitates effective pest control measures. Buprofezin's ability to protect high-value crops from damage caused by insects has made it a preferred choice among growers. The increasing acreage dedicated to high-value crop cultivation, particularly in developing economies, is expected to drive the demand for buprofezin in the Buprofezin Market Industry.
Enhancing Regulatory Framework for Pesticide Use
Governments all over the world have been imposing strict regulations regarding the use of pesticides to decrease pollution of the environment and protect human health. Therefore, usage of pesticides is restricted by carrying out several regulations, thus inducing the companies to use novel and favorable alternatives, which are lesser hazardous and environmentally friendly. Thus, buprofezin, with its less toxic nature and negligible impact on the environment, is appropriate for any kind of regulation.Thus, demand for buprofezin is increasing because of its high nature of sustainability as a pesticide. Thus, it is one of the driving factors of buprofezin in Buprofezin Market Industry.
Buprofezin Market Segment Insights
Buprofezin Market Application Insights
The application segment of the Buprofezin Market is categorized into Agriculture, Horticulture and Other. Agriculture is the primary application segment, accounting for the largest share of the market. The increasing demand for high-quality and pest-free agricultural products is driving the growth of this segment. Horticulture, which involves the cultivation of plants for aesthetic or ornamental purposes, is also a significant application segment for Buprofezin. The rising popularity of gardening and landscaping is contributing to the growth of this segment.The Other segment includes various niche applications, such as in the pharmaceutical and cosmetic industries. In terms of market size, the agriculture segment is expected to reach a valuation of approximately 0.27 billion USD by 2024, exhibiting a steady growth rate. The Horticulture segment is projected to reach around 0.16 billion USD by 2024, demonstrating consistent expansion. The Other segment, though smaller in size, is anticipated to show promising growth potential. The key drivers of the Buprofezin Market in the Agriculture and Horticulture segments include the increasing adoption of integrated pest management (IPM) practices, rising awareness about the harmful effects of chemical pesticides, and the growing demand for sustainable agricultural solutions.Government regulations aimed at reducing pesticide residue levels in food products are also contributing to the market growth. Major market players are focusing on developing innovative formulations and delivery systems to cater to the specific needs of different application segments. Strategic collaborations and partnerships between industry participants are aimed at expanding market reach and enhancing product offerings. The increasing availability of Buprofezin in various formulations, such as granules, emulsifiable concentrates and wettable powders, is also aiding market expansion.Overall, the application segment of the Buprofezin Market is characterized by diverse application areas and growth opportunities. The Agriculture and Horticulture segments are expected to remain dominant, while the Other segment presents potential for further exploration and development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Buprofezin Market Formulation Insights
The Buprofezin Market Segmentation by Formulation includes Wettable Powder, Suspension and Others. Wettable Powder had the largest share of the market in 2023, and it will take over the largest share in the formulation segment during the forecast. The growth can be attributed to the fact that the formulation is easy to work with and can be used to control a range of pests. Suspension is another popular formulation type, which will gain a decent CAGR during the forecast. The Other formulation type that encompasses granules, emulsifiable concentrate and others will also contribute to the growth of the Buprofezin Market.
Buprofezin Market Crop Type Insights
The Crop Type segment is an important part of the Buprofezin Market, with a significant impact on the overall market growth. Cereals and Grains hold the largest market share, driven by the increasing demand for staple food crops. Fruits and Vegetables are expected to witness a steady growth rate due to rising health consciousness and the growing popularity of organic produce. Oilseeds and Pulses are projected to have a moderate growth rate, supported by the increasing demand for vegetable oils and plant-based proteins. Other crops, including cotton, sugarcane and tobacco, are expected to contribute a smaller share to the overall market growth.The Buprofezin Market is expected to reach a valuation of USD 0.46 billion in 2024, exhibiting a CAGR of 7.2% during the forecast period of 2024-2032.
Buprofezin Market Pest Type Insights
The Buprofezin Market segmentation by pest type includes aphids, beetles, bugs and others. Among these segments, aphids account for the largest share of the market, owing to their widespread presence in various crops and their ability to transmit viral diseases. Beetles and bugs also represent significant segments of the market, as they can cause substantial damage to crops by feeding on plant tissues and transmitting diseases. Other pests, such as thrips, whiteflies and mites, also contribute to the market demand for buprofezin. The Buprofezin Market revenue for the pest type segment is projected to grow at a steady pace in the coming years, driven by increasing awareness about crop protection and the need for effective pest management solutions.
Buprofezin Market Regional Insights
The Buprofezin Market segmentation by regions comprises North America, Europe, Asia-Pacific, South America and Middle East Africa. The Asia-Pacific region accounted for the largest share of the Buprofezin Market in 2023 and is projected to maintain its dominance throughout the forecast period. The major factors driving the growth of the Buprofezin Market in the Asia-Pacific region include the increasing demand for agricultural products, rising disposable incomes, and growing awareness about the benefits of Buprofezin. The North American region is expected to witness significant growth in the Buprofezin Market during the forecast period.The growth in this region is primarily attributed to the increasing adoption of advanced farming techniques and the rising demand for high-quality agricultural products. Europe is another key region in the Buprofezin Market, and it is expected to grow at a steady pace during the forecast period. The growth in the European region is driven by the increasing demand for organic and sustainable agricultural products. The South American and Middle East Africa regions are expected to witness moderate growth in the Buprofezin Market during the forecast period.The growth in these regions is primarily attributed to the increasing investment in agricultural infrastructure and the growing demand for food security.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Buprofezin Market Key Players And Competitive Insights
Major players in Buprofezin Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios and forming strategic partnerships. Leading Buprofezin Market players are focusing on developing innovative products that cater to the evolving needs of customers and meet the growing demand for eco-friendly solutions. The Buprofezin Market development landscape is characterized by a high level of competition, with several established players and emerging entrants vying for market share. Competitive strategies include product differentiation, cost optimization, and targeted marketing campaigns. The Buprofezin Market Competitive Landscape is expected to remain dynamic over the forecast period, with ongoing advancements in technology and changing customer preferences shaping the industry outlook.One of the leading companies in the Buprofezin Market industry is Syngenta, a leader in agricultural innovation. The company offers a comprehensive portfolio of crop protection products, including buprofezin, and has a strong presence in major agricultural markets worldwide. Syngenta is committed to providing farmers with effective and sustainable solutions to protect their crops and increase yields. The company's focus on research and development, coupled with its extensive distribution network, has enabled it to maintain a leading position in the Buprofezin Market.A notable competitor in the Buprofezin Market is Bayer CropScience, another multinational corporation with a significant presence in the agricultural sector. Bayer CropScience offers a wide range of crop protection products, including buprofezin, and has a strong focus on innovation and sustainability. The company's commitment to research and development has led to the development of novel and effective crop protection solutions, including buprofezin-based products. Bayer CropScience's reach and established customer base have contributed to its strong position in the Buprofezin Market.
Key Companies in the Buprofezin Market Include
Buprofezin Market Industry Developments
The Buprofezin Market is anticipated to reach a valuation of USD 0.75 billion by 2032, expanding at a CAGR of 7.03% from 2024 to 2032. This growth is attributed to the rising demand for buprofezin in agricultural applications, particularly in the control of whiteflies and aphids in various crops. The increasing adoption of integrated pest management (IPM) practices and the growing awareness of the harmful effects of synthetic pesticides are also contributing to the market expansion. Furthermore, the introduction of new formulations and application methods is expected to drive market growth over the forecast period.
Buprofezin Market Segmentation Insights
Buprofezin Market Application Outlook
Buprofezin Market Formulation Outlook
Buprofezin Market Crop Type Outlook
Buprofezin Market Pest Type Outlook
Buprofezin Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 0.38(USD Billion) |
| Market Size 2023 | 0.41(USD Billion) |
| Market Size 2032 | 0.75(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.03% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Zhejiang Haizhengyuan Industry Co., Ltd., Jiangsu Yinguang Chemical Co., Ltd., Tianjin Hongye Chemical Products Co., Ltd., Hangzhou Great Chemical Industry Co., Ltd., Jiangsu Lifeng Chemical Co., Ltd., Anhui Huaxin Pesticide Chemical Co., Ltd., Hubei Sanonda Agrochemicals Co., Ltd., Chongqing Hoan Chemical Material Co., Ltd., Zhejiang Qianjiang Biochemical Co., Ltd., Shandong Luba Chemical Industry Co., Ltd., Hebei Guanghua Chemical Group Co. Ltd., Anhui Jinta Chemical Co., Ltd., Tianjin Beichen Linyuan Chemical Co., Ltd., Shandong Weifang Guangyuan Chemical Industry Co., Ltd. |
| Segments Covered | Application, Formulation, Crop Type, Pest Type, Regional |
| Key Market Opportunities | Growing prevalence of insect resistance to conventional insecticides Increasing adoption of integrated pest management IPM practices Expanding the use of buprofezin in nonagricultural applications Rise of organic farming and demand for natural pest control solutions Growing environmental concerns over synthetic pesticides |
| Key Market Dynamics | Rising demand for insecticides Growing prevalence of pests and diseases Technological advancements in crop protection Environmental concerns Fluctuating raw material prices |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Buprofezin Market is expected to reach a market size of approximately USD 0.41 Billion in 2023.
The Buprofezin Market is projected to grow at a CAGR of around 7.03% from 2043 to 2032.
Increasing demand for Buprofezin in agricultural applications, rising awareness about the benefits of Buprofezin, and growing adoption of Buprofezin in emerging economies are key factors driving the growth of the Buprofezin Market.
Asia Pacific is expected to hold the largest market share in the Buprofezin Market in 2023.
Buprofezin is primarily used as an insecticide in agricultural applications, particularly for the control of whiteflies and aphids.
Some of the key competitors in the Buprofezin Market include Bayer CropScience, Syngenta, BASF, FMC Corporation, and Nufarm.
The Buprofezin Market is expected to reach a market size of approximately USD 0.75 Billion by 2032.
Regulatory restrictions, environmental concerns, and the development of resistance to pests are some of the challenges faced by the Buprofezin Market.
Growing demand for Buprofezin in emerging economies, the development of new formulations, and the expansion of Buprofezin's applications in non-agricultural sectors present opportunities for growth in the Buprofezin Market.
Increasing adoption of precision agriculture, the rise of organic farming, and the growing focus on sustainable pest management practices are key trends in the Buprofezin Market.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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