Fipronil Market
Global Fipronil Market Development Factors 2019-2027 | BASF SE, Parijat Industries, FMC
Corporation
Fipronil is a broad-spectrum insecticide that is available in the market in powder and liquid
formulations. It is used for controlling beetles, ants, mole crickets, rootworms, termites, ticks,
weevils, fleas, and other insects. The major application of fipronil includes seed treatment, pet care
products, liquid termiticides, and agriculture products.
Fipronil is widely used for crop protection, however, the ban imposed by European Commission on
use of fipronil on crops in Europe, in 2017 is expected to hamper demand for fipronil for
application in crop protection, which is further expected to hamper market growth.
The global fipronil market was valued at US$ 476.2 Mn in 2018, and is expected to exhibit a CAGR
of 2.9%, in terms of revenue, over the forecast period (2019-2027), to reach US$ 605.9 Mn by
2027.
Among regions, Asia Pacific accounted for the largest revenue share of 55.6% in the global fipronil
market in 2018. However, Latin America is expected to record fastest growth in terms of revenue
and is expected to exhibit a CAGR of 5.0% during the forecast period (2019 to 2027),
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Major Keyplayers: BASF SE, Parijat Industries (India) Pvt. Ltd, GSP Crop Science Private
Limited, Gharda Chemicals Limited, Insecticides (India) Ltd., Bharat Rasayan Ltd., Himani
Industries Limited, FMC Corporation, Dhanuka Agritech Ltd., and HPM Chemicals and Fertilizers
Limited
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