Get In Touch

Global Spirodiclofen Market – Snapshot

The global spirodiclofen market is currently witnessing a high rate of growth. This growth is because of considerably growing demand thanks to compliance with the present requirements and the changing standards of integrated pest management or IPM. Over the past few years, this demand is projected to increase more effectively. This growth is because of the growing yields of tangerines, walnuts, and almonds. Apart from this, rise in the production of tomatoes is also expected to help in further development of the global spirodiclofen market in the near future.

Initially, in the year 2013, the global spirodiclofen market was valued at US$119.9 mn. For the give period of forecast ranging from 2014 to 2020, the global market is expected to exhibit a CAGR of 6.0%. With this rate of growth, the global market is expected to reach a valuation worth US$172.1 mn by the fall of 2020. The researchers are projecting higher development prospects for the global market due to the increasing usage of spirodiclofen in decorative plants and fruiting vegetable crops in the near future.

Almond Crops to Demand More Spirodiclofen

Spirodiclofen finds an increasing and wide-ranging application in number of fruit crops such as lemon, lime, avocado, pear, grapes, peach, and apple. Among these, the segment of almonds is expected to emerge as the most significant contributor for the growth of the global market. The segment is the highest consumer of acaricide across the globe. The efficacy of spirodiclofen in maintaining the health of these crops and keeping them disease free is helping to improve its popularity. Moreover, the ability to enhance the crop yield is only helping to add to its growth in these coming years. Since the agriculture and crop industry is aggressively concentrating on protecting more and more crops from different types of diseases and insects, there has been a growing demand for mite-extermination chemicals, particularly spirodiclofen. This growing demand is thus expected to drive the growth of the global spirodiclofen market in the near future. The growth of the market is also expected to boosted by increasing production of fruits such as walnuts and tangerines.

Other types of crops such as fruiting vegetables and ornamental plants, also need spirodiclofen considerably so as to remove the hazardous pests and mites that stem its growth. With the growing cultivation of ornamental plants, called as floriculture, which is mainly done for the objective of beautification of a landscape design, requires spirodiclofen. This is further expected to help in boosting the growth of the global market.

Europe to Remain as Top Regional Segment

In terms of geographical segmentation, the global spirodiclofen market is divided into four key regions namely Asia Pacific, North America, Europe, and Rest of the World. Since 2013, Europe has been the key contributor for the overall development of the global spirodiclofen market. In that year, the market share of the regional segment was around 25%. The regional market has continued its dominance over the globe with growing usage of spirodiclofen in wide range of crops such as almonds and walnuts. It is expected that the market will continue to dominate in the near future as the applications of spirodiclofen keep on rising.

On the other hand, the regional segment of Asia Pacific is expected to emerge as the most promising segment for the overall development of the global spirodiclofen market. The region is expected to offer highly lucrative growth opportunities for the development of the market in the near future.

The competitive landscape of the global spirodiclofen market is highly consolidated. There are only two well established players in the global spirodiclofen market. It is unlikely that new players will enter the market in the near future and break the duopoly of these two companies. These companies are Hangzhou Tianlong Biotechnology Co. Ltd. and Bayer CropScience.     

Spirodiclofen is an acaricide/insecticide that belongs to the family of tetronic acids. The agrochemical affects the fat metabolism, and disturbs the energy balance of pests, thereby eventually eliminating them. Spirodiclofen is used in a wide range of fruit crops such as apple, almond, walnut, avocado, tangerine, orange, and peach. 
This report provides detailed analysis and forecast of the spirodiclofen market on a global and regional level from 2014 to 2020. On the global level, the market has been segmented based on revenue (US$ Mn) and volume (Tons) from 2014 to 2020. For in-depth understanding of the market at the regional level, demand has been forecast in terms of revenue (US$ Mn) and volume (Tons) from 2014 to 2020.
The market has been segmented based on crops. Each segment has been analyzed and forecast based on revenue (US$ Mn) and volume (Tons) from 2014 to 2020. Additionally, the segments have been analyzed and forecast based on current trends at the global and regional level during the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand has been analyzed and forecast based on current trends for the period of six years. 
Profiles of companies such as Bayer CropScience and Hangzhou Tianlong Biotechnology Co. Ltd have been included in the report. 
Inflation is not a part of pricing in this report. This report provides the market size of spirodiclofen for 2013, and forecast for the next six years (from 2014 to 2020). The global market size of spirodiclofen is given in terms of volume and revenue. Market volume and revenue has been estimated and forecast in tons and US$ Mn. Market numbers are estimated based on various crop types of spirodiclofen. Market size and forecast for each segment is provided in the context of the global as well as regional market.
Research Methodology
We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of the research efforts coupled with an extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. It also includes internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases and market reports. News articles, press releases and webcasts specific to companies operating in the market also serve as part of secondary sources. 
We conduct primary interviews on an on-going basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills various functions. It provides first-hand information on the market size, market trends, growth trends, competitive landscape, outlook, etc. It also helps in validating and strengthening the secondary research findings, and further develops the analysis team’s expertise and market understanding. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Spirodiclofen Market - Crop Segment Analysis
  • Fruits
  • Others (Including tomato and ornamental plants)
Spirodiclofen Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Spirodiclofen Market

Buy Now