Fipronil Market size is forecast to reach $ 756 Million by 2025, growing at a CAGR of 3.18% during the forecast period 2020-2025. Fipronil is a broad spectrum insecticide that belongs to the phenylpyrrole chemical family and it disrupts the insect central nervous system by blocking GABA -gated chloride channels and glutamate-gated chloride (GluCl) channels. Increasing concerns associated with diseases transmitted by insects and increasing usage of fipronil from various end use industries are the major factors driving the growth of the market. Increasing usage to control insects is poised to further enhance the overall market demand of fipronil during the forecast period 2020-2025.
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End User- Segment Analysis
Agriculture industry segment has held the largest share in fipronil market in 2019. Fipronil is a broad-spectrum insecticide used in agricultural industry. Fipronil are used to prevent growth of ants, termites, moles, cockroaches, and other insects responsible for crop damage. Fipronil offers specificity in its effects on insects owing to its greater affinity to the GABA receptors in insects. Fipronil is also used in chemical industry. Rising agriculture yield and increase in demand for modern agricultural techniques over commercial agricultural techniques is increasing the growth of the fipronil market. Agriculture industry is estimated to be the highest growing segment of the fipronil market in the forecast period 2020-2025.
Application – Segment Analysis
Seed treatment segment held the largest share in fipronil market in 2019. Fipronil seed treatment is effective in controlling white grub and southern corn leaf beetle but is not effective against flea beetles or chinch bugs. Seed treatment is set to be fastest growing segment with a CAGR of 2.86% during the forecast period 2020-2025. Systemic seed treatments are effective in controlling soil inhabiting insects as the in furrow granular treatments. Fipronil is a topical medication used to treat fleas, ticks and chewing lice infestations in dogs and cats.
Geography – Segment Analysis
Asia Pacific dominated fipronil market with a share of more than 46%, followed by Europe owing to the increasing usage of fipronil in seed treatment. Rapid urbanization and industrialization, increasing awareness among farmers, growing number of government initiative and easy availability of fipronil is boosting the growth of the fipronil market in the Asia Pacific region.
However, Europe is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increasing awareness among people about efficient crop protection systems in the region.
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Drivers – Fipronil Market
Increasing concerns associated with diseases transmitted by insects is increasing the growth of the fipronil market owing to its effectiveness on various pest and has a greater affinity to GABAA receptors of insects. Fipronil is set to be quantitated in plasma by gas chromatography-mass spectrometry or liquid chromatography-mass spectrometry to confirm a diagnosis of poisoning in hospitalized patients or to provide evidence in a medicolegal death investigation. Fipronil acts by binding to allosteric sites of GABA receptors and GluCl receptors of insects as an antagonist which prevents the opening of chloride ion channels normally encouraged by GABA, reducing the chloride ions ability to lower a neuron’s membrane potential and results in an overabundance of neurons reaching action potential and likewise CNS toxicity via overstimulation. Thus, driving the growth of the fipronil market.
Rising agriculture yield and increasing focus towards disease prevention is increasing the growth of the fipronil market owing to its usage to control ants, beetles, cockroaches, fleas, ticks, termites, mole crickets, thrips, rootworms, weevils, and other insects. Fipronil is a white powder with a moldy odor, used in a wide variety of pesticide products, including granular products for grass, gel baits, spot-on pet care products, liquid termite control products and products for agriculture. Fipronil kills insects when they eat it or meet it and works by disrupting the normal function of the central nervous system in insects. It is more toxic to insects than people and pets as it is more likely to bind to insect nerve endings. Fipronil is a phenylpyrazole insecticide that acts by blocking the action of the neurotransmitter γ-aminobutyric acid. It is effective against fleas, ticks and mites in dogs and cats and has been used to treat canine cheyletiellosis effectively. Thus, boosting the growth of the fipronil market.
Challenges – Fipronil Market
Some of the factors that is set to impede the growth of the fipronil market are high cost of fipronil,lack of awareness among growing population.Rising number of incidences related to environment hazards owing to excessive use of fipronil is hampering the growth of the fipronil market.
Fipronil Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the fipronil market. In 2019, Fipronil Market share is consolidated by the top ten players present in the market. Fipronil, top 10 companies are Bayer Ag, Boehringer Ingelheim Gmbh, Bryant Christie Inc, Ck Life Science Intl Inc, Gsp Crop Science Private Ltd , Jiangsu Tuoqiu Agrochemicals Co , Ltd , Qingdao Kyx Chemical Co Ltd , Shandong Audis Biotechnology Co Ltd and Syngenta among others.
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