Name: Fipronil Market Size and Trends
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Fipronil Market, Fipronil Market Report, Fipronil Industry Report, Fipronil Market Size, Fipronil Market Share, Fipronil Market Analysis, Fipronil Market Growth, Fipronil Market Trends, Fipronil Market Overview, Fipronil Market Forecast

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

Published In : Jan 2020

Code : CMI2208

Pages :165

Formats :

Excel and PDF

Industry : Agrochemicals

Fipronil MarketSize and Trends

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