PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608711
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608711
The fipronil market is estimated to be valued at USD 396.3 Mn in 2024 and is expected to reach USD 501.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | 396.3 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 3.40% | 2031 Value Projection: | 501.3 Mn |
Fipronil is an insecticide belonging to the phenylpyrazole chemical family. It works by blocking the insect's gamma-aminobutyric acid (GABA) receptors, resulting in mortality due to hyperexcitation. Fipronil was first registered for use in the U.S. in 1993 and has become a popular crop protection agent worldwide for controlling pests such as ants, fleas, cockroaches, termites, and other insect pests in several agricultural and non-agricultural settings.
Global fipronil market growth is driven by factors such as growing demand for effective pest control agents from the agricultural sector and the expansion of commercial and residential construction activities requiring termite control. However, the market growth can be restricted by stringent regulatory norms around the use of fipronil owing to environmental toxicity concerns as well as the availability of alternative chemical and non-chemical pest control methods. The development of advanced formulations delivering targeted and controlled release of fipronil represents an opportunity for market players to expand applications and overcome restrictions.
This report provides an in-depth analysis of the global fipronil market and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global fipronil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Shandong Audis Biotechnology Co. Ltd., CK Life Sciences Intl., BASF SE, Qingdao KYX Chemical Co., Ltd., Boehringer Ingelheim GmbH, Jiangsu Tuoqiu Agrochemicals Co., Ltd., Bryant Christie Inc., Bayer AG, and GSP Crop Science Private Ltd., (Holdings) Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global fipronil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fipronil market