Global Spirodiclofen Market: Mounting Demand for Acaricide to Intensify Use of Spirodiclofen in Agricultural Sector, finds TMR
The companies manufacturing spirodiclofen are striving towards product innovation to expand their consumer base, states Transparency Market Research (TMR) in a new research report. The key players in the global spirodiclofen market are Bayer CropScience, E.I. du Pont de Nemours and Company, and Hangzhou Tianlong Biotechnology. The main strategies adopted by these companies include aggressive advancement in crop protection technology and devoted adoption of green agriculture protection technique. Further, these companies are initiating the development of biological crop protection products and enhancing their manufacturing capacities.
The global spirodiclofen market is anticipated to rise at a CAGR of 5.4% in terms of revenue and in terms of volume it is expected to exhibit a CAGR of 4.9% between 2014 and 2020. The market was worth US$131.7 mn in 2015 and is likely to touch a valuation of US$172.1 mn by the end of 2020.
Based on crop type, the fruits segment emerged dominated in the global spirodiclofen market accounting for 95.5% in 2015. It is expected to hold a share of 95.3% in 2020 and retain a lead until then. Spirodiclofen is extensively used to protect crops such as apple, grape, avocado, and almond. The market for spirodiclofen in fruit crops is significantly large. However, it is expected to be employed in the protection of other crops such as tomatoes and ornamental plants over the forthcoming years.
Europe to Emerge Dominant and Retain Lead until 2020
Region-wise, Europe led the global spirodiclofen market with a share of 27.68% in 2015. It is projected to account for a share of 27.28% in 2020 and retain a dominant position in the market. The demand for spirodiclofen was high in Europe in the last few years and is expected to intensify owing to the extensive deployment of it in crops such as walnut and almond. The growing adoption of spirodiclofen in protecting fruit crops from pests is another factor that is likely to drive the growth of the market in the region. Moreover, the facts that spirodiclofen has been successful in combating certain scale insects such as Quadraspidiotus perniciosus and Lepidosaphes ulmi and is highly unaffected by the temperature in Europe are likely to aid the market growth in Europe. Europe is expected to be closely trailed by Asia Pacific with a share of 26.72% in 2020 in the global spirodiclofen market.
Rising Concerns over Mite Attacks on Crops to Lift Adoption of Spirodiclofen
According to a TMR analyst, “The demand for spirodiclofen as an acaricide has been increasing considerably over the past few years. As it is compliant with the modern principles and requirements of integrated pest management (IPM), its deployment is extensively rising in the agricultural sector.” Spirodiclofen is largely used in removing mites from the lower leaf surface of plants. Mites are known for sucking out the sap from each epidermal cells, thus destroying the cell through desiccation. Spirodiclofen is used as an acaricide to remove mites from citrus fruits, stone fruits, pome fruits, grapevine, strawberries, and nuts. Furthermore, spirodiclofen is likely to set a new milestone in the elimination of mites such as tarsonemid mites, gall or rust mites, false spider mites, and red spider.
Increasing Cultivation of Ornamental Crops to Open Plethora of Opportunities for Manufacturers
The rise of floriculture – the cultivation of ornamental crops or plants – is anticipated to have a positive impact on the sales of spirodiclofen over the forthcoming years. Floriculture is largely practiced for supplying flowers and plants for landscape design projects and in domestic uses (specimen display and cut flowers). Mites and parasites affect the cells of these plants, thus degrading their quality within a short span of time. Spirodiclofen affects the fat metabolism of these mites and parasites and disturbs their energy balance eventually killing them. This could be a key contributory factor to the growth of the spirodiclofen by 2020.
This review is based on a Transparency Market Research report, titled, “Spirodiclofen Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020.”
Spirodiclofen Market - Crop Segment Analysis
- Others (Including tomato and ornamental plants)
Spirodiclofen Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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