Global Ethiprole Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|Ethiprole的全球市場 (2020-2027年) Global Ethiprole Market - 2021-2028|
|出版日期: 2021年07月09日||內容資訊: 英文 180 Pages||
Ethiprole belongs to the phenylpyrazole class of chemicals used as insecticides against a variety of insects affecting crops such as corn, cotton, soybeans, tea and other vegetables. This class of insecticides affects the central nervous system of insects by blocking their glutamate-gated chloride channel, inducing toxicity in the insect making them more effective insecticide for crops most affected by insects and also for the crops used after long storage. In view of the growth in agricultural demand, the requirement for ethiprole is expected to increase in the forecast period. The global ethiprole market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)
Market Dynamics: Increasing usage of ethiprole in agricultural sector
Agriculture sector was the largest end use industries where ethiprole is expected to emerge as best insecticides for varieties of crops. Ethiprole is widely used in cotton, soybeans, rice crops, tea and other vegetables directly and for storage of wheat, peanuts, other citrus fruits against several insects affecting them. It has ability to improve the quality of normal crops as well as for those crops with longer shelf life. By its use along with other insecticides, the potential of ethiprole is further enhanced.
However, side effects with respect to usage of ethiprole is expected to restrain the market growth to a certain extent. Ethiprole belongs to the family of phenylpyrazole insecticides. These insecticides are highly toxic in nature and demonstrate carcinogenic effects in humans. In nature, these insecticides are extremely toxic and show human carcinogenic effects. Ethiprole is currently under laboratory testing for its possible carcinogenic effects, making it less favourable in developed regions. These factors have currently limited the use of ethiprole in certain crops and in certain countries. For instance, ethiprole is currently not registered to use on any crops in the U.S. and in Canada which in turn is expected to restrict the market in North America over the forecast period.
Market Segmentation: Citrus is by far the largest segment holding about XX% of the global market
The citrus segment held a significant share in ethiprole market in 2020 growing at a CAGR of XX% during the forecast period. It has the potential to increase the quality of normal crops, including peanuts, citrus fruits, wheat, and maize, as well as those crops with a longer shelf life. Ethiprole can easily be added to cotton, tea, rice, soybean, and various vegetables and is useful in various cultivation processes as well. In addition, it can also be mixed with other insecticides resulting in highly effective insecticide capable of providing almost double control over insects in the crops. It has the ability to control various insects such as thrips, whiteflies, leaf miners, and phyllids.
Geographical Penetration: Asia Pacific is the largest market for ethiprole with a share of nearly XX% in global sales value in 2020
Rising insecticides demand across the Asia Pacific region owing to increase in crop Rising insecticides demand across the Asia Pacific region owing to the increase in crop protection from planthoppers, maggots, aphids, grasshoppers, leaf miners, and phyllids are expected to contribute in the global ethiprole market growth. Emerging countries including China, India, and Brazil are expected to witness high growth in the market over the forecast period. The ethylene market in the Asia Pacific region is expected to be driven by an increasing population coupled with a rise in quality and hygienic food demand. Countries like Brazil, Japan, Thailand, China, Indonesia, India, and Vietnam use ethiprole primarily for rice for their crop safety. Developing countries including China and India are expected to establish as a new product market if manufacturers are able to meet the respective country's regulations and policies by decreasing the toxicity level.
The global ethiprole market is consolidated, with key manufactures including Bayer CropScience AG, Jiangsu Tuoqiu Agrochemical Ltd and Rayfull Holding Co., Ltd. among others. Technology launches, acquisitions and R&D activities are key strategies adopted by players in the ethiprole market. For instance, in March 2020, Chinese agrochemical company Jiangsu Tuoqiu Agrochemical Ltd announced an investment of Yuan20 million using its own funds to launch a wholly-owned subsidiary, Tuoqiu Biotechnology (Lanzhou) Co. Ltd, to increase its production capacity and enhance the business strength of the company. The new capacity of the subsidiary includes: 800-ton fipronil, 1,500-ton prochloraz, 600-ton oxadiazon, 500-ton bromothalonil and 2,000-ton paclobutrazole. In May 2017, Bayer CropScience has launched two seed treatment products Routine FS (18% isotianil) and Kirappu Seed® FS (29.2% ethiprole).
COVID-19 Impact: Pandemic had a negative impact on global ethiprole market
The global ethiprole market continues to be challenged by the disruptions in production, transport and trade restrictions. However, the impact is considered to be nominal owing to exemption of agricultural practices from COVID-19 restrictions. Production of fertilizers has been uninterrupted across most parts of the world and the plant efficiencies are set to reach normal levels as lockdown lifted in most countries. The production disruptions during the hard-hit period of the pandemic does not pose considerable impact owing to unaffected demand form agricultural activities. Also, the available stocks and upsurge in domestic production are likely to offset the supply shortages caused by the import restrictions, thereby ensuring continuous availability to the farming communities. However, market players are unable to meet the escalating demand due to the labor shortage and disrupted supply chains.