Fipronil market
Fipronil Market, by Form (Powder Formulation and Liquid Formulation), by Application (Agriculture, Turf Products, Seed Treatment, Pet Care Products, Gel Baits, and Liquid Termiticides), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
- Jan 2020
- CMI2208
- 165 Pages
- Excel & Pdf
- Agrochemicals
Fipronil is a broad-spectrum insecticide that is available in the market in powder and liquid formulations. It is used for controlling beetles, ants, mole crickets, rootworms, termites, ticks, weevils, fleas, and other insects. The major application of fipronil includes seed treatment, pet care products, liquid termiticides, and agriculture products.
Fipronil market is expected to witness significant growth over the forecast period, owing to rising applications of fipronil in various end-use industries such as agriculture and pet care industry. However, availability of various less toxic alternatives of fipronil such as silica gel and boric acid is expected to hamper growth of the global fipronil market over the forecast period.
Moreover, increasing usage of fipronil in India crop protection industry is expected to provide various growth opportunities to market players for fipronil market expansion in India. For instance, according to the Food and Agriculture Organization of the United Nations, India ranked second in terms of global agricultural output and accounted for around 8.0% of the global share in 2017. Moreover, low per hectare productivity (3 MT per hectare versus world average of 4 MT), owing to lack of scientific methods of agriculture is expected to drive fipronil market growth over the forecast period. For instance, according to the India Brand Equity Foundation, the India crop protection industry was valued at US$ 4.0 billion in 2014 and it is expected to reach US$ 7.4 billion by the end of 2019, and is expected to exhibit a CAGR of 12.0% during 2015-2019. The expansion of the crop protection industry in India is expected to fuel demand for fipronil and other insecticides over the forecast period.
Fipronil is widely used for crop protection, however, the ban imposed by European Commission on use of fipronil on crops in Europe, in 2017 is expected to hamper demand for fipronil for application in crop protection, which is further expected to hamper market growth.
The global fipronil market was valued at US$ 476.2 Mn in 2018, and is expected to exhibit a CAGR of 2.9%, in terms of revenue, over the forecast period (2019-2027), to reach US$ 605.9 Mn by 2027.
Figure 1. Global Fipronil Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018-19
Among regions, Asia Pacific accounted for the largest revenue share of 55.6% in the global fipronil market in 2018. However, Latin America is expected to record fastest growth in terms of revenue and is expected to exhibit a CAGR of 5.0% during the forecast period (2019 to 2027), owing to growth of the agriculture sector in the region. For instance, according to report, ‘OECD?FAO Agricultural Outlook 2019?2028’, published by Organization for Economic Co-operation and Development (OECD) Publishing and Food and Agriculture Organization of the United Nations in 2019, Latin America and Caribbean (LAC) together accounted for 14% of the global crop production and 23% of the world’s exports of agricultural and fisheries commodities in 2018.
Furthermore, according to research article, ‘the dilemma of agricultural pollination in Brazil: Beekeeping growth and insecticide use’, published by Journal of PLoS ONE in 2018, Brazil is a world leader in agricultural production. Therefore, growth of agricultural sector in Latin America is expected to increase demand for efficient crop protection products, which is further expected to boost growth of the fipronil market in the region over the forecast period.
Based on application, seed treatment segment accounted for the largest revenue share accounting for 50.6% in 2018 in the global fipronil market. Seed treatment plays a vital role in protecting seedlings from insect-pests and diseases. Fipronil is used majorly for seed treatment in crops such as chickpea, maize, wheat, soybean, and groundnut. The growth of seed industry worldwide is expected to drive demand for fipronil over the forecast period. For instance, according to the Indian Council of Food and Agriculture report published on Seed Industry Scenario in September 2019, the global seeds market was valued at US$ 59.71 billion in 2018 and is expected to reach US$ 90.37 billion by the end of 2024, exhibiting a CAGR of 7.9% during the forecast period (2019 to 2024).
Figure 2. Global Fipronil Market Share (%), By Application, 2018
Source: Coherent Market Insights, 2018-19
Key companies operating in the global fipronil market include BASF SE, Parijat Industries (India) Pvt. Ltd, GSP Crop Science Private Limited, Gharda Chemicals Limited, Insecticides (India) Ltd., Bharat Rasayan Ltd., Himani Industries Limited, FMC Corporation, Dhanuka Agritech Ltd., and HPM Chemicals and Fertilizers Limited
Major players operating in the fipronil market are focused on adopting various strategic initiatives such as mergers & acquisitions and new product development, in order to expand their product portfolio and global presence. For instance, in May 2018, Insecticides India Limited, launched four new products such as Encounter, Sofia, Aikido, and Hercules in India. These products were developed, in order to get better yields and thereby help the company in gaining a significant market share in India in the near future.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- PORTER’s Analysis
- Market Trends
- Key Developments
- Merger & Acquisition Scenario
- Overview of the Parent Industry
- Global Fipronil Market, By Form, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Powder Formulation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Liquid Formulation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Global Fipronil Market, By Application, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, 2019 - 2027
- Segment Trends
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Turf Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Seed Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Pet Care Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Gel Baits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Liquid Termiticides
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn & Tons)
- Global Fipronil Market, By Region, 2017 - 2027 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, By Region, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2027
- North America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- U.S.
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Latin America
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- Brazil
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Argentina
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Europe
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- U.K.
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- France
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Spain
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Asia Pacific
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- China
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- India
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Australia
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Middle East
- Market Share Analysis, By Country, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2027
- GCC
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Israel
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Africa
- Market Share Analysis, By Sub-region, 2018 and 2027 (%)
- Y-o-Y Growth Analysis, By Sub-region, 2019 - 2027
- North Africa
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Central Africa
- Country/Region Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- South Africa
- Country Trends
- Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn & Tons)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Parijat Industries (India) Pvt. Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- GSP Crop Science Private Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Gharda Chemicals Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Insecticides (India) Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Bharat Rasayan Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Himani Industries Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- FMC Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Dhanuka Agritech Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- HPM Chemicals and Fertilizers Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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