Bifenazate Market - Positive Long-Term Growth Outlook 2020

Bifenazate is a white coloured, and less toxicacaricide . Extensively used as a pesticide, bifenazate has a quick knockdown effect on controlling the growth of mites on crops and other flowering plants. Some of the trade names for bifenazate used in the market are Floramite, Acramite, Enviromite, Pestanal and Vigilant among others.. These names are given on the basis of its end-users and the companies that manufacture it. Bifenazate is industrially prepared using the raw materials such as 4- phenylphenol, diisopropyl azodicarboxylate and dimethyl sulphate.. Due to low toxicity, bifenazate is one of the extensively used miticides. Bifenazate is least expected to contaminate the soil and surface waters, as it is neither carried away nor accumulated. , i. Bifenazate is also attuned with the Integrated Pest Mangement (IPM) program. The global demand for bifenazate market is estimated to show a slow transformation in Asia Pacific and Latin America regions by the end of the forecasted period.

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The global issues related to pesticide usage and environmental concerns can be considered as the key driving factors shifting the demand towards bifenazate.. Extensive use of pesticides has resulted in adverse effects on non-targeted areas, as they are generally spread over the entire agricultural area. Moreover, pesticides also get accumulated as residuals in running ground waters, thus decreasing the soil fertility. These effects have led many countries to ban pesticides. Likewise, heavy regulations have been imposed so as to reduce the overall pesticide usage. Bifenazate is opted as an alternative, since it is considered as a reduced risk pesticide. It possesses minimal toxicity to human health, birds, aquatic animals and non-targeted areas. Bifenazate shows faster degradation in soil coupled with rapid knockdown of mites.

Moreover, bifenazate exhibits long residual control thus gets less accumulated in surface waters compared to other pesticides. Less of amount of bifenazate is required annually, thus keeping the product yield unaffected. These factors make bifenazate a compatible and safe acracide. Bifenazate Floramite has an impact on wide range of mites. It is used to treat ornamental crops and tomatoes cultured in greenhouses, shadehouses, and nurseries. Bifenazate Acramite is another important type, which is suitable for both fruit bearing and non-fruit bearing plants. Acramite is used on grapes, strawberries, edible gourd, dates and figs. Both, Floramite and Acramite are an ideal match for IPM program as well as resistance management strategy..

With reference to the global demand, the developing countries, especially in Asia Pacific and Latin America region are estimated to show potential markets by 2020. A change in pesticide consumption practices and better crop yields have been observed lately in India, China and Brazil, owing to increased consumer awareness and cost effective approach. But, as of now, the overall growth is slower, since these regions are dependent on North America and Europe exporting markets. Europe has shown a stagnant growth in the pesticide sector because of heavy regulations and prohibitions on the pesticide usage. A little growth in importing markets, but an almost flat demand in terms of export is indicated over the coming years. Currently, the U.S. has flourished bifenazate import markets. It is slated to become the largest bifenazate Floramite exporter by 2020. The Middle East region will possibly grow at the slowest pace as compared to Asia Pacifc region.

Some of the key players include Chemtura Corporation, The Dow Chemical Company, Olympic Horticultural Products, Inc., Certis USA L.L.C. and BASF Corporation.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

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