Fipronil Market Analysis, Segmentation and Growth By Regions to...

Fipronil Market Analysis, Segmentation and Growth By Regions to 2030

Posted 2023-09-05 05:52:07

Market Dynamics: The global fipronil market demonstrated robust growth in 2021 and is anticipated to maintain a consistent revenue growth rate throughout the forecast period. Fipronil, belonging to the phenylpyrazole chemical group, is widely utilized as a pesticide. Its applications encompass pest control for various nuisances such as ants, insects, cockroaches, fleas, lice, termites, groundhog crickets, mealybugs, and more. Fipronil serves as an active ingredient in flea control products for domestic animals and as a field pesticide for golf courses and commercial turf, owing to its effectiveness against a diverse range of pests. This extensive usage fuels the demand for fipronil and consequently propels market revenue growth.

Fipronil is a versatile insecticide within the phenylpyrazole chemical category. It disrupts the central nervous system of insects by inhibiting ligand-gated ion channels and glutamate-gated chloride channels associated with the GABAA receptor. This disruption leads to hyper excitation https://www.reportsanddata.com/request-customization-form/5395 of nerves and muscles in infected insects. Fipronil is a white, foul-smelling powder and is classified as a moderately hazardous pesticide by the World Health Organization (WHO). It exhibits moderate to severe toxicity in rats through oral and inhalation routes. Furthermore, it poses a significant threat to aquatic invertebrates and fish. Although it has low solubility in water, high concentrations in aquatic environments can still pose risks to aquatic life.

Request for Sample @https://www.reportsanddata.com/download-free-sample/5395

Major Factors Driving Global Fipronil Market Revenue Growth: Several key factors drive the revenue growth of the global fipronil market, including the prevalence of diseases in crops, the expansion of the agricultural sector, a growing global population outpacing food production, high demand for agrochemicals, and increasing crop losses due to pest infestations. Additionally, urbanization, increased agricultural production, and substantial investments in research and development present numerous opportunities for market expansion. However, stringent regulatory requirements for pesticide licensing and the rising adoption of genetically modified crops serve as obstacles to market revenue growth.

Factors Restraining Global Fipronil Market Revenue Growth: The consumption of fipronil can result in significant adverse effects in humans, including perspiration, nausea, vomiting, headaches, stomach discomfort, disorientation, weakness, and tonic-clonic convulsions. These adverse effects are expected to impede market revenue growth in the future. Fipronil has the potential to be fatal when ingested and primarily affects the central nervous system, similar to other phenylpyrazole compounds. Symptoms of poisoning include ataxia, hyperactivity, seizures, cramps, convulsions, irregular gait, twitching, nodding, hostility, sweating, loss of appetite, and more. Moreover, fipronil has been associated with cancer in humans, further hindering long-term market revenue growth.

Opportunities for Players in the Global Fipronil Market: Leading companies are capitalizing on rising demand by introducing new and more effective agrochemicals, which are expected to offer lucrative opportunities in the industry in the coming years. For instance, Insecticides India NSE introduced three new pesticides in October 2020, including a granular insecticide, a post-emergence herbicide for treating grass weed species in Kharif crops, and a biological product for soil fertility enhancement. The expansion of the agriculture sector, especially in India due to government policies, is poised to create new avenues for growth.

Global Fipronil Market Revenue Growth Driven by Type Segment: The fipronil industry is segmented by type into gel, particle, and liquid. In 2021, the liquid segment accounted for the largest share of revenue. This was primarily due to the global use of liquid-based broad-spectrum fipronil pesticides in agriculture to protect crops from pests. Liquid fipronil is also used as an aerosol spray for pets like cats and dogs to prevent tick and flea infestations. Its use as a termiticide spray to combat termite infestations in wooden structures further drives revenue growth in the liquid segment. Additionally, the gel segment is expected to witness rapid revenue growth in the forecast period, driven by increased use of gel-based insecticides as bait for various unwanted pests.

Asia Pacific Continues to Lead in Terms of Revenue CAGR: The Asia Pacific fipronil industry commanded the largest share of revenue in 2021. Factors driving this include the prevalence of crop contamination and a rapidly growing agricultural sector in the region. Conversely, the Middle East & Africa region is expected to experience slower growth compared to other regions due to technical limitations and unproductive agricultural land in South Africa. This may negatively impact the industry in the Middle East & Africa during the forecast period. Additionally, growing awareness of effective crop protection solutions is boosting demand for agrochemicals and driving revenue growth in the European region.

Major Companies in the Market Include:

1. BASF SE (Germany)

2. Parijat Industries Pvt. Ltd. (India)

3. GSP Crop Science Private Limited (India)

4. Gharda Chemicals Limited (India)

5. Bayer AG (Germany)

6. Bryant Christie Inc. (U.S.)

7. Jiangsu Tuoqiu Agrochemicals Co., Ltd. (China)

8. Rotam Agrochemical Company Limited (Hong Kong)

9. Abcam plc. (U.K.)

10. HPM Chemicals & Fertilizers Ltd (India)

Strategies and Objectives of Major Companies:

In March 2020, Bayer Crop Science and Life Science Company introduced Serenade, a bio fungicide, in China. This substance can create a protective barrier around plant roots via symbiosis in the root periphery, enhancing nutrient absorption and plant immunity, thereby reducing plant illnesses.
In July 2020, BASF Nutrition & Health and Isobionics® launched Isobionics® Santalol, a woody-scented fragrance that serves as an alternative to sandalwood oil. This unique product is produced through an exclusive manufacturing process.

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/5395

Thank you for reading global report. We also offer customized research reports as per client requirement. Kindly contact us for to know more about the feature and our team will provide you a well-curated report in the stipulated time.

Explore Trending Reports:

Translucent Concrete Market-https://www.reportsanddata.com/report-detail/translucent-concrete-market

Cellulose Acetate Market-https://www.reportsanddata.com/report-detail/cellulose-acetate-market

Flotation Reagents Market-https://www.reportsanddata.com/report-detail/flotation-reagents-market

Cyclopentane Market-https://www.reportsanddata.com/report-detail/cyclopentane-market

Styrene Butadiene Rubber Market-https://www.reportsanddata.com/report-detail/styrene-butadiene-rubber-sbr-market

Polyphenylene Sulphide (PPS) Film Market-https://www.reportsanddata.com/report-detail/polyphenylene-sulphide-pps-film-market

Sintered Steel Market-https://www.reportsanddata.com/report-detail/sintered-steel-market

Green Ammonia Market-https://www.reportsanddata.com/report-detail/green-ammonia-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a nconcrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports