Ethiprole Market Report

Ethiprole Market Analysis, Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 to 2022

Format: PDF  |  Report ID: GVR2312

Global ethiprole market is expected to drive over the forecast period on account of rising improved quality insecticides demand. Ethiprole is an insecticide used to kill or remove insects from crops and grains during its storage. It belongs to phenylpyrazole chemical family. Phenylpyrazole chemicals make the insect’s central nervous system toxic and blocks body’s glutamate-gated chloride channel. Agriculture sector was the largest end use industries where ethiprole is expected to emerge as best insecticides for varieties of crops. It has ability to improve the quality of normal crops as well as for those crops with longer shelf life including peanuts, citrus fruits, wheat and corn. Therefore, global market is expected to grow over the forecast period owing to agriculture sector development. Developing regions were dominating the global market. Increasing preferences for quality food coupled with stringent food regulations by FDA and REACH is expected to directly affect the global market. Ethiprole can be easily applied to cotton, tea, rice crop, soybean and different vegetables and is also helpful in multiple cultivation processes. In addition, it can also be mixed with other insecticides resulting into highly effective insecticide capable of providing almost double control over insects in the crops. It has ability to control various insects such as thrips, white flies, leaf miners and phyllids. Ethiprole is expected to have huge opportunities in agriculture sector including rice crop protection as it provides excellent resistance from stink bugs. Ethiprole are very toxic in nature and poses severe affects on human health. In addition, associated chemicals also have carcinogenic effects which are expected to pose serious health effects. These ethiprole and associated chemicals properties are expected to negatively affect its usage in developed countries including U.S. and Canada.

Asia pacific was holding the largest share in the global ethiprole market. Rising insecticides demand across the Asia Pacific region owing to increase in crop protection from plant hoppers, maggots, aphids, grasshoppers, leaf miners and phyllids are expected to contribute in the healthy global ethiprole market growth in coming years. Emerging countries including China, India and Brazil are expected to witness high growth in market over the forecast period. Growing population coupled with increase in quality and hygienic food demand is expected to propel the ethiprole market in Asia Pacific region. Ethiprole is not permitted to be used in agriculture sector for any crop in U.S. and Canada on account of its carcinogenic nature which in turn is expected to restrict the market in North America over the forecast period. Countries including Brazil, Japan, Thailand, China, Indonesia, India and Vietnam are using ethiprole for their crop protection mainly for rice. Developing countries including China and India are expected to establish as a new product markets if manufactures are able to meet the respective country’s regulations and policies by decreasing the toxicity level.

Key ethiprole manufactures include Bayer CropScience AG and Rayfull Holding Co., Ltd. Global ethiprole market is highly consolidated market in nature. Most of the companies are operating in Asia Pacific region owing to huge consumer demand coupled with cheap labor and increasing agricultural activities. Companies are expected to focus on developing economies in order to increase their market share and volume by business expansion, product innovation, setting up new manufacturing units across the region (on demand basis), enhancing product quality, improving their research and development activities, opting for various strategies such as joint ventures, mergers and collaborating with other manufacturers. Countries such as Canada and U.S. are not much involved in manufacturing still industry participants are expected to invest in testing carcinogenic effects of ethiprole and finding new ways to develop the regional market. In addition, industry participants in developed countries are going through tough times as they have to meet overall demand without compromising with stringent regulations and policies.

 

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