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Global Fipronil Market Insight December 29, 2021 Comments

The fipronil is forecast to steady rise over the next four years. According to the World Knowledge Information (WKI) “Global Fipronil Professional Survey Report 2021, Forecast to 2026”, Increasing concerns related to insect-borne diseases and increasing use of fipronil from various end-use industries are the main factors driving market growth. ​The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.69% base on WKI regression analysis model.

Analysts’ Viewpoint:

“Urbanization, growing agricultural production and high investment in R & D activities will provide a lot of growth opportunities for fipronil market. It is suggested that the industry participants of fipronil can seek breakthroughs in technology, synthesize more environmentally friendly and safe products and seize the market.” said Selena, Senior analyst,Pesticide Chemicals Market Research Center in WKI.

Market insight:

Due to fipronil’s effectiveness against various pests and greater affinity for insect GABAA receptors, concerns about insect-borne diseases are increasing the growth of the fipronil market. Fipronil can also be used to control ants, beetles, cockroaches, fleas, ticks, termites, mole crickets, thrips, rootworms, weevils and other insects. The increase in agricultural production and the increasing emphasis on disease prevention are promoting fipronil The growth of the nitrile market. In addition, fipronil is a white powder with a musty odor and is used in a variety of pesticide products, including granular products for grass, gel baits, designated pet care products, liquid termite control products, and agricultural products. Due to the wide application of fipronil, it will promote the expansion of fipronil’s market scale.

Strict government regulations approving such pesticides and the increasing use of genetically modified crops have hindered the growth of the market. In addition, the environmental problems caused by the excessive use of fipronil are also a major challenge for the participants in the fipronil industry.

Competition Landscape:

The global fipronil market is fragmented. A large number of companies operate at the global and regional levels.More and more market participants will participate. Some of the leading players will include in our report: Syngenta, Boehringer Ingelheim GmbH., GSP Crop Science Private Ltd., Shandong Audis Biotechnology Co. Ltd., Qingdao KYX Chemical Co., Ltd., and Jiangsu Tuoqiu Agrochemicals Co., Ltd. BASF SE, Bryant Christie Inc., Bayer AG, CK Life Sciences Intl.and others.

Segmentation of Fipronil Market:

According to the type, the fipronil market can be divided into liquid, gel and others. The liquid fipronil market segment is expected to expand substantially during the forecast period. Liquid fipronil sprayers are mainly used in households and agriculture to harm insects or mice, which will drive the demand for liquid fipronil. The expansion of the food and beverage industry has also promoted the demand for fipronil gel, thereby expanding the market scale of fipronil. In terms of application, the fipronil market can be divided into agrochemical, chemical, food and others. The agricultural industry sector has the largest market share of fipronil. Because fipronil is a broad-spectrum pesticide used in agriculture, it has a greater affinity for GABA receptors in insects. In addition, fipronil is also used in the chemical industry. The increase in agricultural production and the demand for modern agricultural technology surpassing the increase in commercial agricultural technology is promoting the growth of the fipronil market. In turn, this is expected to boost demand for the fipronil market during the forecast period.

Fipronil Market: Regional Analysis

In terms of geography, the global fipronil market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region currently dominates the fipronil market. During the forecast period, the Asia-Pacific region is expected to remain the leading region in the global fipronil market. Population growth will boost the demand for food in major countries in the region, such as India and China.The Asia-Pacific region is focusing on modern agricultural technology. It is estimated that this will drive the demand for agrochemicals. In turn, this is expected to expand the market size of fipronil during the forecast period. In addition, due to the increasing awareness of efficient crop protection systems in Europe, it is estimated that Europe will grow at a higher compound annual growth rate during the forecast period.

 

Cagr: 3.69%
Largest share area:Asia-Pacific
Largest share country:China