BIFENAZATE MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

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.