Azadirachtin Suspension Concentrate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 91126 Report Format: PDF + Excel

Azadirachtin Suspension Concentrate Market Overview

Azadirachtin Suspension Concentrate market size is estimated to reach US$820 million by the end of 2027 after growing at a CAGR of 4.6% during 2022-2027. Azadirachtin suspension concentrate is a limonoid chemical compound that is abundantly found in seeds and stems of Azadirachtin Indica i.e., neem tree. The compound has a high oxygen-bearing functional group like enol ether, acetal and also it has a defense mechanism, energy transfer, amino acid storage-related function. Hence the chemical compound is majorly used as an oil suspension product in pharmaceutical hair oil and as a water suspension product in insecticides, biopesticides, etc. The drivers that have positively impacted the growth of the Azadirachtin suspension concentrate market are an increase in usage of environment-friendly pesticides for pest management and governments' initiative towards promoting biopesticides usage. However, the side effects of azadirachtin suspension concentrate like, irritation in eyes, stomach & skin has caused certain regulations to be laid down by government organizations. Hence such regulation has limited the usage of azadirachtin suspension concentrate thereby hampering the growth of the azadirachtin suspension concentrate industry.

COVID-19 Impact

COVID-19 pandemic had negatively impacted the azadirachtin suspension concentrate market on a global level, as due to restrictions and lockdown imposed by governments all across the globe, the productivity went down of various manufacturing sectors like consumer goods, food, and agriculture, etc. However, the pandemic had a major effect on the agriculture sector as there was a shortage of labor, transport, and the import-exports restriction hampered the agriculture production, caused food insecurity, and increased the price of existing food crops in stock. For instance, as per the 2021 World Bank report, 30% of the global population faced food insecurity in 2020, and prices of certain crops like maize and wheat were increased by 11% & 21% high. As per the 2020 report of the Food and Agriculture Organization, due to restrictions on the movement of people and goods, there was a loss in production of vegetables & crops in most European countries while countries like China also reduced the production of farming inputs too, like pesticides. Hence such a decrease in agriculture output negatively impacted the azadirachtin suspension concentrate market as it is highly used in agriculture farming for pest management.

Report Coverage

The report: “Azadirachtin Suspension Concentrate Market – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Azadirachtin Suspension Concentrate Industry.

By Product Type – Water suspension, Oil suspension.
By Application – Agriculture (Bioplastics, Insect growth disruptor), Environment Protection, Food Protection, Others (Medical, Cosmetics).
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

Key Takeaways

  • Azadirachtin suspension concentrate is an active ingredient of the neem plant and exhibits agro-medicinal properties conferring insecticidal as well as anti-cancer properties. Hence such properties made it an efficient insecticidal ingredient, thereby having a positive impact on its demand for pest management. 
  • Asia-Pacific dominates the azadirachtin suspension concentrate market, as the region is a hub of some of the major countries that has agriculture as the main GDP contributor, like China, India, Bangladesh, Pakistan, etc.
  • The extensive use of synthetic pesticides in agriculture leads farmers and users of agricultural products exposed to severe health issues. To prevent such exposures, the development and usage of environment-friendly pesticides/insecticides have become an efficient alternative, that could drive the azadirachtin suspension concentrate market.

Figure: Asia-Pacific Azadirachtin Suspension Concentrate Market Revenue, 2021-2027 (US$ Million)

Azadirachtin Suspension Concentrate Market

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 Azadirachtin Suspension Concentrate Market Segment – By Product

Water suspension held the largest share in the azadirachtin suspension concentrate market in 2021, with a share of over 40%. Suspended concentrate pesticide solution refers to a flowable liquid formulation containing a stable suspension of pesticide active ingredient. Azadirachtin suspension concentrate being a biopesticide can be used with water as foliar spray without affecting the growth of crops. Extensive usage of commercial synthetic pesticides leads to their bioaccumulation in the environment leaving pesticide residue and causing less soil biodiversity. Hence to prevent the negative impact of synthetic pesticides, the crop-producers have shifted to using biopesticides, thereby having a positive impact on the demand for azadirachtin suspension concentrate. For instance, as per 2020 reports of the Ministry of Agriculture and Rural Affairs of China, the country’s green pest management was applied on 41.5% of major crops to control insect pests and pathogens, hence this was 18.5% higher than in 2015. With such an increase in the usage of green/biopesticide in farming, the demand for azadirachtin suspension concentrate will also increase.

Azadirachtin Suspension Concentrate Market Segment – By Application

Agriculture held the largest share in the azadirachtin suspension concentrate market in 2021, with a share of over 35%. Pesticides are used in agriculture to prevent and destroy pest formation to aid the production and yield of crops. With rapid development in the agriculture sector and new technologies being introduced like high-tech machines, robotics, etc. the production volume of the agriculture sector has also increased. For instance, as per the 2021 report of the Food and Agriculture Organization, the production of primary crops was 9.4 billion tones in 2019 which was 53% more than 2000. Also, the global vegetable production went up to 1128 million tones in 2019 showing an increase of up to 65%. Hence with such an increase in the production volume of crops, the demand for biopesticides like azadirachtin suspension concentrate for pest management will also increase

Azadirachtin Suspension Concentrate Market Segment – By Geography

Asia-Pacific held the largest part in the azadirachtin suspension concentrate market in 2021, with a share of over 45%. This is owning to factor like, the region consists of major agriculture producing countries like China, India, Thailand, Indonesia, etc. with China being the largest consumer of pesticides in the world along with India. Hence due to rapid urbanization and an increase in consumers consumption, the demand for food items in the Asia-pacific region has increased, due to which the production volume of the agriculture sector has also increased. For instance, as per the October 2021 report of the Thai Ministry of Industry, the food production in the Thai food industry has increased by 2.9% compared to last year. As per the 2021 report of the United States Department of Agriculture, China and India were the largest producers of crops like wheat, rice, milled and Thailand saw an increase of 2% in its rice production from last year. Hence as the production volume of agriculture crops is increasing in such countries in the Asia-Pacific region, the demand for azadirachtin suspension concentrate that is less harmful and prevents pest formation on crops efficiently will increase for such regions

Azadirachtin Suspension Concentrate Market Drivers

Increase in usage of sustainable alternative

Synthetic pesticides like Aldicarb, Chlorpyrifos are some commonly used pesticides in agriculture activities, as such pesticides protect crops from pests, they are highly toxic causing lung problems, cancers, skin disease, etc., and can contaminate agriculture produce also. Hence to prevent food contamination, and keep producers from getting exposed to such toxic pesticides, using environment-friendly biopesticide like azadirachtin suspension concentrate has become an efficient sustainable alternative. Such alternative is rich in defensive and amino acid storage function. Hence with countries and organizations realizing the necessity of using such biopesticide in the agriculture sector, the usage of azadirachtin suspension concentrate has increased. For instance, the 2020 report of the European Commission had stated that biopesticide products offer less toxicity, are easily decompose in the environment, and are advantageous both at the human health level and environment level. Hence such growing awareness would boost the growth of the azadirachtin suspension concentrate market.

Government Initiatives for promoting biopesticides

Azadirachtin suspension concentrate offers less risk related to human health, environmental pollution, and food contamination and it consists of highly oxidized components like enol ether. Hence to promote such biopesticides like neem oil, the government of countries is taking various initiatives. For instance, the European Union's recent legislation has synchronized with the political will to reduce the use of chemical pesticides and encourage the use of biopesticides. Also, as per the 2021 report of the U.S Environment Protection Agency, the organization has started a “Pesticide Environment Stewardship Program” that encourages smart, sensible, sustainable pest control in agriculture. In China’s initiative “The National Plan to Boost high-quality Development Agriculture from 2018-2022, the country aims to take necessary steps to promote green pest management

Azadirachtin Suspension Concentrate Market Challenges

Stringent Regulations

Azadirachtin suspension concentrate is an active component used as a pesticide/insecticide for repelling and killing pests, but such component before being used or introduced in the market as biopesticide must meet the following regulation. Hence such regulation is established by government organizations. For instance, the Federal Insecticide, Fungicide, Rodenticide Act laid down by the United States Environment Protection Agency evaluates that whether the pesticide is harmful to human life or not. In November 2020, the standard draft issued by the Crop Production Department of the Ministry of Agriculture and Rural Affairs China limits the pesticide residue, and usage of certain pesticides in a variety of food, vegetable, grains, and plant-based crops. Hence such regulations can hamper the growth of the azadirachtin suspension concentrate market.

Azadirachtin Suspension Concentrate Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. Azadirachtin Suspension Concentrate top 10 companies include: 

  1. Nutrien
  2. FMC Corporation
  3. Agrium Inc
  4. Bharat Biocon
  5. Novozymes
  6. Nufarm Limited
  7. Valent Biosciences
  8. United Phosphorous Limited
  9. Sumitomo Chemical
  10. Dupont

Recent Developments

  • In 2021, FMC collaborated with Novozymes to produce biological-based insecticides and fungicides. Hence such collaboration will enable the two companies to produce biological crop protection products. 
  • In 2019, United Phosphorous Limited acquired Arysta Life Science which is a leading producer in Azadirachtin. Hence such acquisition will enable UPL to expand its product portfolio of bio-solutions that it can offer in a variety of crops and seed protection. 

Relevant Reports

Report Code – AGR 41323

Report Code – CMR 10349

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1. Azadirachtin Suspension Concentrate Market- Market Overview
    1.1 Definitions and Scope
2. Azadirachtin Suspension Concentrate Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Azadirachtin Suspension Concentrate Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Azadirachtin Suspension Concentrate Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Azadirachtin Suspension Concentrate Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Azadirachtin Suspension Concentrate Market - Market Forces
        6.1 Market Drivers
        6.2 Market Constraints
        6.3 Porters Five Force Model
            6.3.1 Bargaining Power of Suppliers
            6.3.2 Bargaining Powers of Buyers
            6.3.3 Threat of New Entrants
            6.3.4 Competitive Rivalry
            6.3.5 Threat of Substitutes
7. Azadirachtin Suspension Concentrate Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Azadirachtin Suspension Concentrate Market – By Product Type (Market Size -$Million/Billion)
    8.1 Water Suspension
    8.2 Oil Suspension 
9. Azadirachtin Suspension Concentrate Market – By Application (Market Size -$Million/Billion)
    9.1 Agriculture
        9.1.1 Biopesticides
        9.1.2 Insect growth disruptor
    9.2 Environment Protection
    9.3 Food Protection
    9.4 Others (Medicinal, Cosmetics)
10. Azadirachtin Suspension Concentrate Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Azadirachtin Suspension Concentrate Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Azadirachtin Suspension Concentrate Market – Industry/Competition Segment Analysis Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Azadirachtin Suspension Concentrate Market – Key Company List by Country Premium Premium
14. Azadirachtin Suspension Concentrate Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"     

LIST OF TABLES

1.Global GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
1.1 Water Suspension Market 2019-2024 ($M) - Global Industry Research
1.2 Oil Suspension Market 2019-2024 ($M) - Global Industry Research
2.Global GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 (Volume/Units)
2.1 Water Suspension Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Oil Suspension Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
3.1 Water Suspension Market 2019-2024 ($M) - Regional Industry Research
3.2 Oil Suspension Market 2019-2024 ($M) - Regional Industry Research
4.South America GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
4.1 Water Suspension Market 2019-2024 ($M) - Regional Industry Research
4.2 Oil Suspension Market 2019-2024 ($M) - Regional Industry Research
5.Europe GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
5.1 Water Suspension Market 2019-2024 ($M) - Regional Industry Research
5.2 Oil Suspension Market 2019-2024 ($M) - Regional Industry Research
6.APAC GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
6.1 Water Suspension Market 2019-2024 ($M) - Regional Industry Research
6.2 Oil Suspension Market 2019-2024 ($M) - Regional Industry Research
7.MENA GLOBAL AZADIRACHTIN SUSPENSION CONCENTRATE MARKET, BY TYPE Market 2019-2024 ($M)
7.1 Water Suspension Market 2019-2024 ($M) - Regional Industry Research
7.2 Oil Suspension Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
2.Canada Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
3.Mexico Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
4.Brazil Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
5.Argentina Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
6.Peru Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
7.Colombia Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
8.Chile Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
9.Rest of South America Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
10.UK Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
11.Germany Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
12.France Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
13.Italy Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
14.Spain Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
16.China Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
17.India Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
18.Japan Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
19.South Korea Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
20.South Africa Azadirachtin Suspension Concentrate Market Revenue, 2019-2024 ($M)
21.North America Azadirachtin Suspension Concentrate By Application
22.South America Azadirachtin Suspension Concentrate By Application
23.Europe Azadirachtin Suspension Concentrate By Application
24.APAC Azadirachtin Suspension Concentrate By Application
25.MENA Azadirachtin Suspension Concentrate By Application
26.Sumitomo Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arysta LifeSciences, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Adama Agricultural Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Novozymes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Nufarm Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.FMC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Valent BioSciences, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Agrium Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Bharat BioCon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Parrys Bio, Sales /Revenue, 2015-2018 ($Mn/$Bn)