The Fipronil Market is anticipated to grow at 2.6 % CAGR during the forecast period.
Fipronil, a phenyl pyrazole insecticide, is used for pest control on a variety of fields for soil treatment and seed coatings and in horticulture crops. It causes neural excitation and convulsions in insects, resulting in death. The insecticide is used to get rid of pests such as ticks, leas, beetles, ants, locusts, rootworms, cockroaches, mole crickets, thrips, termites, weevils, and several other insects. It is also widely utilized as an effective flea control veterinary pesticide for protecting pets against ticks and other harmful insects. Fipronil is also known as fluocyanobenpyrazole or Termidor and typically used in the form of granules, liquid, or gel.
The use of fipronil in the market dates back to the 1990s. It was first used as a powder-based insecticide in the United States in 1996. Ever since then, the demand for fipronil has been flourishing due to its widespread applications in several industries. Fipronil is at the cusp of being a full-fledged marketplace on account of the agricultural sector’s extensive application of fipronil and the rising pet adoption rate. However, in a short time, there are high chances that the market for fipronil will dwindle due to the availability of alternatives that are less harmful and toxic for pets and the food industry.
The agriculture sector, primarily, has remarkably influenced the fipronil market growth. In 2017, agriculture, food, and other related industries together contributed USD 1.053 trillion to the U.S. GDP. The Indian government has allowed FDI to invest in the agricultural sector due to its vast production of foods globally. According to the Department for Promotion of Industry and Internal Trade, the Indian food processing industry acquired Foreign Direct Investment (FDI) to the tune of USD 9.08 billion between April 2000 and March 2019.
On the flip side, fipronil is known to be carcinogenic in nature and has been banned by several countries for its use in agriculture. For instance, Chinese MoARA announced a blanket ban on the use of fipronil insecticides for agriculture use. This is also in line with the Stockholm Convention on Persistent Organic Pollutants that aims at restricting the use of chemicals that cause an adverse impact on humans and animals.
Granular and liquid-based fipronil is used widely in the agricultural industry to protect crops against insects and pests. Liquid fipronil is also used as a termiticide spray to eradicate termites from wooden structures. Besides, it is also used as a spot-on spray on pets such as cats and dogs to avoid contact from ticks and fleas. Gel fipronil, on the other hand, is utilized as a pest removing bait for ants and cockroaches.
It is a well-known fact that fipronil helps in improving the yield of crops by keeping a check on pests that hamper crop growth. Besides eliminating pests from the crops, fipronil also enhances the strength and harvest of crops, resulting in improved food quality. One of the most commonly used fipronil is Regent 5SC, a phenyl pyrazole insecticide for foliar. It provides a low dose and is exceptionally useful for pest control against several insects, fungus, and fleas. It is extensively used in controlling thrips, grasshoppers, and locusts.
Over the years, pets have become an integral part of families around the globe. Cats and dogs are the most preferred household pets. In light of the growing health-related concerns regarding pets, the use of fipronil spray and powder has dramatically increased over the years and is foreseen to keep growing in the coming years. In 2017, according to the Animal Care Centres of New York City (ACC), 94.3 percent of homeless dogs and cats were adopted. New York City’s pet adoption rate escalated exponentially that year. The American Veterinary Medical Association (AVMA) stated that the U.S. Pet Ownership & Demographics was 125.819 million in the year 2018. Fipronil, apart from its usefulness in the agriculture sector, finds application in pet’s ointment and is also used as a termiticide. Animals tend to get attacked by several teaks and fleas, causing skin damage and other harmful diseases. To get rid of those teaks, they are taken for fipronil treatment. Frontline Plus is the most common and reliable fipronil product available for the treatment of pets. It constitutes two ingredients, the first kills ticks and adult fleas, and the second ingredient has S-methoprene content that attacks flea eggs and larvae. Termiticide helps get rid of termites that make turn homes into wood surfaces. Right from wooden furniture to wooden articles, every surface is susceptible to termites. Termites get inside a wooden surface by piercing a hole; thus, damaging the furniture. The three main types of termites are dampwood, subterranean, and drywood. Technically, they are vital creatures for the environment as they recycle dead wood into reusable nutrients. However, when it comes to household wooden articles, they get into the surface and pierce holes. It is further used to eradicate cockroaches from home; although cockroach does not harm humans directly, the indirect repercussions are alarming. They contain allergen proteins, causing an allergic reaction or stimulates symptoms of asthma.
The Asia-Pacific region is a crucial marketplace in the global food chain. It provides 19% of total global food and agriculture exports, alongside 31% of total food and agriculture imports. Against the backdrop of the ever-growing population and increasing incomes of the middle class, the demand for food & agricultural commodities is predicted to rise. The use of fipronil in the agricultural and agrochemical industry is immense. As might be expected, the growing agricultural sector in the Asia-Pacific region will only burgeon the demand for the fipronil market. Agriculture is the primary source of livelihood for about 58 percent of India’s total population. As per IBEF, the Indian food processing industry accounts for 32 percent of the country’s overall food market. With a production capacity of that caliber, it is but evident that the use of fipronil is bound to be excessively high in the region. Moreover, the increasing prevalence of vector-borne diseases in the Southeast Asia region is expected to propel the fipronil market industry. As per the Indian government, the South East Asia Region (SEAR) countries observed 0.29 million dengue cases, out of which Thailand contributed 30%, Indonesia 29%, and India 20%.
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