Bifenazate Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global bifenazate market size is expected to witness potential gains in the future, and register a CAGR of 3.7% over the forecast period (2019 - 2027). The market was valued at US$ 0.6 Billion in 2017, and is projected to reach US$ 1 Billion by 2027.

Market Overview

Bifenazate is a carbazate acaricide and miticide majorly used in the agricultural and horticultural sector as a contact, residual, non-systemic and selective insecticide for the control of mites. It has a low water solubility and is volatile. It may not leach to groundwater and may not persist in soil or water systems. Although it is moderately toxic to majority of aquatic organisms, honeybees, and earthworms, it can cause eye and respiratory system irritation in mammals. It is effective in controlling pests such as spider mites; pecan leaf mites; Pacific spider mites; European red mites; brown almond mite; and six-spotted spider mite. Lewis acid-catalyzed electrophilic aromatic substitution of 4-methoxybiphenyl with diisopropyl azodicarboxylate is used to prepared bifenazate. The substitution produces hydrazine dicarboxylate, which is then transformed into the compound desired by a decarboxylation reaction.

Market Dynamics

Significant growth in the agricultural and horticultural sector is expected to contribute to the market size. The U.S. Environmental Protection Agency states that Floramite (trade name for bifenazate) can be used to control of mite pests on greenhouse, shadehouse, nursery, field, landscape, and interiorscape grown ornamentals. It has low acute toxicity by all routes of exposure and is non-irritating to skin and minimally irritating to eyes, which makes the insecticide generally safe to handle. Bifenazate also has low potential to contaminate ground and surface waters. These characteristics are expected to boost demand for bifenazate as an effective and safe-to-use- insecticide in horticulture.

However, increasing concerns regarding effects of pesticides and insecticides on the ecosystem and growing focus on the use of bio-based pesticides and insecticides is expected to hinder the market growth. Bifenazate may have moderate toxic effect on bees on an acute contact basis. Moreover, it is toxic to fish. Therefore, excessive use of bifenazate may lead to its washout, thereby contaminating lakes, streams, ponds, estuaries, oceans, or other waters, which may fatal to aquatic life. Bacillus thuringiensis and products based on Chitosan and insect pheromones are some of the examples of bio-based insecticides increasingly gaining preference over their chemical counterparts.

Increasing use of Floramite to treat ornamental crops and tomatoes cultured in greenhouses, shade houses, and nurseries is expected to offer lucrative opportunity for the market players. Moreover, increasing use of cotton corn in production of shoes is also expected to impact the market outlook.

Market Outlook

Asia Pacific and Latin America is expected to witness significant growth in the global bifenazate market, owing to changing trend in pesticide consumption practices and better crop yields in economies such as India, China, and Brazil. Europe is expected to witness a stagnant growth in the market, owing to stringent regulations and prohibitions on pesticide use.

Key Players

Some of the major players operating in the global bifenazate market include, Chemtura Corporation, The Dow Chemical Company, Olympic Horticultural Products, Inc., Certis USA L.L.C., and BASF Corporation.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.