Azadirachtin Suspension Concentrate Market Growth Estimation during 2019-2026
Azadirachtin Suspension Concentrate Market
Outlook 2019-2026:
Azadirachtin is the mutual term applied to a
large group of insecticidal active limonoid compounds, which are generally
extracted from the seeds and stem of Azadirachta indica (neem tree), in which
the abundant and active single compound is azadirachtin. Azadirachtin witnesses
high demand owing to its instant application as a biodegradable and ecofriendly
biopesticide, and its other considerable bioactivities. Azadirachtin suspension
concentrates are organic, economical, and easy to handle. The only commercially
way of azadirachtin production is its extraction from neem seeds, although
there is limited availability of azadirachtin as the neem tree flowers only
once in a year out of which only one-third of the seeds are collected due to
operational problems. In addition, owing to the strict outbreeding nature of
the neem plant, the seeds are highly heterozygous, resulting in unpredictable
metabolite production.
The global azadirachtin
suspension concentrate market has witnessed potential growth opportunities
over the last few years. Increase in demand for natural and organic
biopesticides, rise in awareness among consumers towards the use of
chemical-free and less toxic pesticides, surge in demand for efficient
biopesticides, and rise in governmental regulations on the use of toxic
chemical-based pesticides drive the global azadirachtin suspension market.
Moreover, increasing demand for food security and limited availability of
agricultural land propel the demand for azadirachtin suspension concentrates
across the globe. However, introduction of substitutes and fluctuation in raw
material prices may hinder the overall growth.
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Rise in investments in R&D activities and
increase in demand from emerging regions are expected to pose lucrative
opportunities in the future.
The global azadirachtin suspension concentrate
market is segmented on the basis of type, application, and geography. On the
basis of type, the market is bifurcated into water suspension and oil
suspension. On the basis of application, it is divided into environmental
protection, agriculture, and others. Geographically, it is analyzed across
North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global
market focus on key market strategies such as mergers, acquisitions,
collaborations, and partnerships to strengthen their market reach to maintain
their position in the competitive market.
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Some of the key players in the global market
include:
- Sumitomo Chemical Corporation
- Arysta Lifesciences
- Adama Agricultural Solutions
- Novozymes
- Nufarm Limited
- FMC Corporation
- Valent Biosciences
- Agrium Inc.
- Bharatbiocon
- Parrys Bio.
Key Benefits
- This report provides a quantitative analysis of the
current trends, estimations, and dynamics from 2017 to 2023 to identify
the prevailing market opportunities.
- Major countries in each region are mapped according to
the individual market revenue.
- The region- and country-wise azadirachtin suspension
concentrate market conditions are comprehensively analyzed.
- This study evaluates the competitive landscape and the
value chain analysis to understand the competitive environment across
geographies.
- An in-depth analysis of each segment of the market is
provided to analyze the potential opportunities pertaining in the market.
Source Medium: https://medium.com/@kritybaily727/azadirachtin-suspension-concentrate-market-to-take-massive-lead-by-2026-ccceca5a8dbe
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