FIPRONIL MARKET ANALYSIS

There have been stringent regulations imposed by various governments regarding the usage of fipronil owing to various environmental and health concerns. As per the Pesticide Properties DataBase of University of Hertfordshire, the European Union EU has also banned all outdoor non-professional uses of fipronil. In the United States, the United States Environmental Protection Agency (USEPA) has classified fipronil as restricted use pesticide that can only be applied by certified applicators.

Market Opportunity - Emerging markets offering untapped potential

Developed markets in Europe and North America dominate fipronil revenues, but emerging economies in Asia Pacific and Latin America present significant growth opportunities. According to the FAO, from 2021 South Asian and African nations could potentially double their agricultural outputs in the next decade, highlighting the agrochemical industry's potential to introduce specialized solutions and address unmet needs in these regions.