The global fipronil market size was valued at USD 520.1 million in 2021 and is poised to grow at a significant CAGR of 3.2% during the forecast period 2022 to 2028. New product launches, frequent product approvals, and long-term alliances to improve market revenue share and gain significant geographic presence are major strategies of the market players. For instance, In Mar 2021, Bayer introduced Vynyty Citrus, the company unveiled its latest biological and pheromone-based crop protection product for controlling pests on citrus farms.

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The global fipronil market segmentation:

1) By Form: Powder Formulation and Liquid Formulation.

2) By Application: Agriculture, Turf Products, Seed Treatment, Pet Care Products, Gel Baits, and Liquid Termiticides.

Agriculture Dominates the Fipronil Market
Based on application, the agriculture segment registered a significant market share, and it is expected to grow with a CAGR of 3.1% from 2022 to 2028. Fipronil is widely used to prevent the ants, termites, moles, and other pests that cause crop damage. The increased demand for Fipronil due to acts as a broad-spectrum insecticide in the agriculture business. The widespread use of modern agricultural practices involving fipronil, a broad-spectrum insecticide, is expected to accelerate the market over the forecast timeframe.

The Asia Pacific leads Fipronil Market
The Asia Pacific held a significant market share in the fipronil market during the forecast period and it is expected to continue the growth in future. The growth is due to the strong presence of the agriculture sector in India, China. Europe held considerable market share during the estimated period owing to increased public awareness of the importance of effective crop protection products. USA Fipronil market was valued at US$ 354.5 Mn in 2021 and expected to grow at 4.4% CAGR over the forecast years. The market is growing at a moderate growth rate over the future years owing to increase in the adoption of Fipronil for pre- and post-construction applications and rise in awareness about the insecticides among the population in the country.

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Key player’s profiles in the BASF SE, Bayer AG, Boehringer Ingelheim GmbH, Bryant Christie Inc., CK Life Sciences Intl., GSP Crop Science Private Ltd., Jiangsu Tuoqiu Agrochemicals Co., Ltd., Qingdao KYX Chemical Co., Ltd., and Shandong Audis Biotechnology Co. Ltd.

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