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Global Spirotetramat Market: Overview 

Spirotetramat is a derivative of tetramic acid and is commonly used as a strong insecticide. It belongs to the ketoenol family and is sprayed on plant leaves to prevent the spread of insects and related plant diseases. The advantage of spirotetramat is that even though it is sprayed on the leaves, it can reach all parts of the plant as it can be absorbed through the leaves and travel through the plant’s xylem and phloem. Most insecticides only possess a one-way flow, thereby improving the overall status of spirotetramat in comparison. It is considered as a high quality insecticide and works through the disruption of lipogenesis within a plant, by acetyl carboxylase inhibition.

The global spirotetramat market is expected to expand at a steady CAGR of 4.4% within a forecast period from 2014 to 2020. The market was valued at US$172.5 mn at the end of 2013. After expanding consistently at the given growth rate, the market’s value is expected to reach US$233.1 mn towards the end of 2020. 

North America Leads Demand Volume Rates in Global Spirotetramat Market

The global spirotetramat market was dominated by North America in 2013 due to high demand for spirotetramat for whiteflies, scales and mealybugs. Europe held nearly 32% share of the market in 2013. This region is expected to develop at a moderate pace till 2020, thanks to the region’s large production rate of oranges and grapes, as well as its strong presence of spirotetramat manufacturing facilities and easier availability. Latin America and the MEA are proposed to lead the global spirotetramat market over the coming years, in terms of growth rate. 

Bayer CropScience AG in Tunisia launched spirotetramat as a brand Movento in 2007. In 2008, the product was launched in the U.S., Canada, Turkey, West Africa, New Zealand and Morocco. In 2010, it was launched in more than 70 countries globally. Spirotetramat is widely used in Brazil, Argentina and Africa for citrus fruits and cotton. The consumption of spirotetramat is moderate in Asia Pacific however reduction in prices will lead to higher consumption in the region. 

High Use of Spirotetramat on Fruits

Fruits emerged as the largest crop segment of the global spirotetramat market, accounting for more than 60% volume share in 2013. Spirotetramat is widely used on grapes and citrus fruits. Vegetable crops are expected to grow at a moderate rate due to substantial consumption of spirotetramat on lettuce. It is also used on other leafy vegetable crops such as cabbage. Cotton accounted for a smaller share of the global spirotetramat market in 2013. However, cotton is estimated to grow at a significant rate between 2014 and 2020 especially in Asia Pacific countries. Other crops include hops, nuts, cereals, spices, etc. Spirotetramat is widely used for citrus, pome fruit, grape, strawberries, lettuce, mangoes and cotton, etc. This insecticide is effective against aphids, psyllids, scales, whiteflies, mealybugs and selected thrips. 

The leading player in the global spirotetramat market, as known over the recent past, has been Bayer CropScience AG. This player has been the single manufacturer in the global spirotetramat market for a long time, thanks to its exclusive patent on spirotetramat. The patent, however, is expected to expire in 2017, thereby giving rise to a huge number of other leaders from the insecticides markets as well as regional generics manufacturers to enter the market, increasing the scope of competition.

Spirotetramat is a tetramic acid derivative with IUPAC name cis-4-(ethoxycarbonyloxy)-8-methoxy-3-(2,5-xylyl)-1-azaspiro[4.5]dec-3-en-2-one. It belongs to ketoenol group. Spirotetramat is sprayed on the leaves of the plant. It reaches all the parts of the plant including the roots and buds, through xylem and phloem present in the plant. Traditional insecticides have one-way transport system, through xylem, and hence are applied on growing plant parts. However, phloem transports from leaves to roots hence can be applied at any stage of the plant growth. Spirotetramat is widely used for citrus, pome fruit, grape, strawberries, lettuce, mangoes and cotton, etc. This insecticide is effective against aphids, psyllids, scales, whiteflies, mealybugs and selected thrips. 
Increasing pest resistance to existing pesticides, other than spirotetramat, and the overall cost reduction in pest management are expected to drive the global spirotetramat market. Farmers can use spirotetramat at any stage of plant growth due to the two-way systemicity of spirotetramat. Moreover, high demand for good quality fruits & vegetable from food processing industry is further anticipated to boost spirotetramat demand in the next few years. However, ban on spirotetramat by federal law in some states in the U.S. and high cost of this product due to patents is anticipated to hamper the market growth. Companies operating in the market are likely to gain opportunities after the patent expiration of spirotetramat.
The report includes market estimates and forecast of spirotetramat from 2013 to 2020 in terms of volume and revenue. The forecast period is between 2014 and 2020 considering 2013 as a base year. The market is analyzed in terms of volumes in tons and revenue in US$ Mn. The global spirotetramat market is further analyzed by crop segments as vegetable crops, fruits, cotton and others. Other crop segment includes hops, spices, cereals, nuts, etc. The market is studied in terms of volume (Tons) and revenue (US$ Mn) for each crop segment in global as well as regional level. The global market is segmented in various geographical regions as North America, Europe, Asia Pacific and Rest of the World (RoW). RoW includes Latin America, Middle East & Africa. Each of these regions is analyzed by crop type from 2013 to 2020. 
Extensive secondary research was conducted to estimate market data. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. These findings from secondary research are validated through primary interviews with a wide range of key industry participants and opinion leaders. Some of the major secondary sources referred for this study include The U.S. Department of Agriculture (USDA), The U.S. Environmental Protection Agency (EPA), The European Food Safety Authority (EFSA), AgroNews, company annual reports, magazines, etc. Other factors considered while evaluating the market include drivers, restraints, current production capacity, price trend, substitutes, etc. Weights are assigned to these factors to estimate market size and growth rate. 
This approach has proven to be the most effective, reliable and successful method for obtaining accurate market data, capturing industry participants’ insights and recognizing business opportunities. The global spirotetramat market was estimated and forecasted by top-down approach for each geographic region and bottom approach for each crop segment. 
The report includes company profile of Bayer CropScience AG with focus on company overview, financial overview, business strategy and recent developments. Post patent expiration of Bayer CropScience AG, numerous companies are expected to enter the market.
This report segments the global spirotetramat market as follows:
  • Spirotetramat Market - Crop Segment Analysis
    • Vegetable crops
    • Fruits
    • Cotton
    • Others (Including hops, nuts, cereals, spices, etc.)
  • Spirotetramat Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

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