PUBLISHER: 360iResearch | PRODUCT CODE: 1495487
PUBLISHER: 360iResearch | PRODUCT CODE: 1495487
[190 Pages Report] The Chlorantraniliprole Market size was estimated at USD 1.84 billion in 2023 and expected to reach USD 1.93 billion in 2024, at a CAGR 4.80% to reach USD 2.56 billion by 2030.
Chlorantraniliprole is an insecticide belonging to the class of chemicals known as anthranilic diamides, preferred for its effectiveness in controlling a wide range of pests such as caterpillars, beetles, and flies, among others. Chlorantraniliprole's high efficacy and safety profile for non-target organisms boost its adoption over more traditional pesticides. Increasing global approvals from regulatory bodies further facilitate its use in new markets and applications. With the global increase in food demands due to a growing population, effective and safe pesticides are needed, contributing to market expansion. However, as with any pesticide, chlorantraniliprole undergoes rigorous scrutiny. Changes in regulatory landscapes could impact market dynamics. Despite its low toxicity to non-target species, the total environmental impact of widespread chlorantraniliprole use is still under study, which may create challenges, leading to tighter controls or usage restrictions. Moreover, developing new formulations that could be more cost-effective or targeted could enhance market penetration. Combining chlorantraniliprole with other biological control methods could improve effectiveness and sustainability, generating growth potential in the market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 1.84 billion |
Estimated Year [2024] | USD 1.93 billion |
Forecast Year [2030] | USD 2.56 billion |
CAGR (%) | 4.80% |
Regional Insights
In the Americas region, the United States and Canada form the core of the chlorantraniliprole market in the Americas. In the United States, the demand for chlorantraniliprole is supported by its effectiveness in managing a wide array of pests in both agricultural and non-agricultural settings. In EU countries, regulations favoring the use of environmentally sustainable and less harmful pesticides have seen a shift towards the use of chlorantraniliprole. Ongoing research initiatives in the EU focus on enhancing the effectiveness of chlorantraniliprole while ensuring compliance with stringent environmental regulations. The Middle East and Africa show varying trends; the Middle East, with its expanding agricultural technology sector, sees a growing adoption of modern pesticides, including chlorantraniliprole. In Africa, the market expansion is somewhat restrained by limited access to advanced agricultural inputs. The demand in the Asia Pacific is primarily driven by the agricultural sector, where chlorantraniliprole is extensively used as an insecticide to protect crops such as rice, soybeans, and cotton from pests. In China and India, the rising investments in agricultural technologies and increased focus on crop yield improvement have led to a boost in chlorantraniliprole usage. Japan, maintaining stringent environmental standards, focuses on the adoption of pesticides that have a minimal ecological impact, which supports the demand for chlorantraniliprole due to its relatively lower toxicity compared to traditional pesticides.
Market Insights
The market dynamics represent an ever-changing landscape of the Chlorantraniliprole Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Chlorantraniliprole Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Chlorantraniliprole Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Zhongshan Chemical Set to Introduce New Chlorantraniliprole-based Products Globally
Zhongshan Chemical is poised to introduce a new series of chlorantraniliprole formulations in both domestic and international markets. This move aims to expand the company's agricultural footprint, providing advanced pest management solutions across various crops. By leveraging the insecticidal benefits of chlorantraniliprole, these new products are designed to enhance crop yield and quality, addressing the growing demand for effective and sustainable agricultural practices globally. [Published On: 2024-01-24]
FMC Introduces Coragen eVo an Advanced Chlorantraniliprole-Based Formulation
FMC Corporation announced the launch of Coragen eVo, a new, highly concentrated formulation of chlorantraniliprole aimed at enhancing agricultural productivity by providing robust insect control. Coragen eVo represents a pivotal advancement in crop protection technology, featuring an improved formulation that promises both efficacy and sustainability. The introduction of Coragen eVo showcases FMC's commitment to innovation in agricultural solutions, aligning with global needs for sustainable and efficient farming practices. [Published On: 2023-12-11]
ADAMA Ltd. Introduces Chlorantraniliprole-Based Insecticides in India for Enhanced Crop Protection
ADAMA Ltd., a global crop protection company, launched two new insecticides, Cosayr and Lapidos, in India. These products, which include the active ingredient Chlorantraniliprole, are the company's first to be manufactured in-house. Targeted at paddy and sugar cane cultivators, Cosayr offers a foliar treatment aimed at mitigating damages from stem borers and leaf folders in rice paddies. At the same time, Lapidos provides a granular formulation suitable for broad application, particularly during early growth stages. Both products are designed to significantly enhance crop yields and quality by providing effective pest control. [Published On: 2023-09-05]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Chlorantraniliprole Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Chlorantraniliprole Market, highlighting leading vendors and their innovative profiles. These include Aadama Ltd., Agro-Kanesho Co., Ltd., BASF SE, Bayer AG, Corteva Agriscience, DuPont de Nemours, Inc., FMC Corporation, Jiangsu Yangnong Chemical Group Co., Ltd., Joshi Agrochem Pharma, Nanjing Red Sun Co., Ltd., Nufarm, Rallis India Limited, Rotam Global AgroSciences Ltd., Sinon Corporation, Sipcam-Oxon, Sumitomo Chemical, Syngenta Crop Protection AG, and UPL Ltd..
Market Segmentation & Coverage