FIPRONIL MARKET ANALYSIS

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

Regional Analysis

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.