PUBLISHER: Grand View Research | PRODUCT CODE: 1512066
PUBLISHER: Grand View Research | PRODUCT CODE: 1512066
The global fipronil pyrazole market is anticipated to reach USD 361.5 million by 2030, exhibiting a CAGR of 3.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market for fipronil pyrazole is experiencing significant growth due to increasing demand for food, driving agricultural production. Crops like corn, wheat, cotton, and soybeans benefit from insecticides to improve yields. Fipronil pyrazole helps prevent yield losses by reducing crop pest damage, ultimately increasing overall productivity.
The market is expected to grow due to the increasing demand for food, driving agricultural production. Crops like corn, wheat, cotton, and soybeans benefit from insecticides to improve yields. Fipronil pyrazole helps prevent yield losses by reducing crop pest damage, ultimately increasing overall productivity.
Fipronil pyrazole is an insecticide belonging to the phenyl pyrazole group. It has a broad-spectrum effect and is effective against ants, beetles, fleas, termites, and more. It works through both contact and stomach action and is moderately systemic. Fipronil is available in various formulations, including wettable granules, suspension concentrates, baits, ready-to-use products, and ultra-low volume sprays. The consumer can use it alone or combined with other insecticides. The addition of piperonyl butoxide can enhance the toxicity of fipronil.
Liquid segment dominated the market in 2023, accounting for a revenue share of 47.1% in the same year. The growth of this segment can be attributed to the ability of liquids to distribute and disperse active ingredients evenly over the treated surfaces for effective performance. The liquid carrier helps distribute and disperse the active ingredient over the treated surfaces. It is easier to apply to large areas than particle formulations, providing a quick knockdown effect on pests.
Agriculture segment dominated the market in 2023 and accounted for a revenue share of 74.4% of the market in the same year. The effectiveness of fipronil pyrazole against various insect pests makes it a valuable tool for crop protection. It is used in the form of liquid sprays and granules in agricultural applications. Fipronil pyrazole is also used for seed treatment.