Global Spirodiclofen Market to Maximize on Growing Need to Improve Farm Yield
Albany, NY -- (SBWIRE) -- 02/25/2015 -- Transparency Market Research has published a new report titled "Spirodiclofen Market for Fruits and Other Crops - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global spirodiclofen market was valued at US$ 119.9 Mn in 2013 and is anticipated to reach US$ 172.1 Mn in 2020, expanding at a CAGR of 5.4% from 2014 to 2020. In terms of volume, the global demand for spirodiclofen stood at 3,759.5 kilo tons in 2013.
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Demand for spirodiclofen is estimated to rise owing to increasing production of various fruit crops such as almond, apple, and tangerine. Growth in scope of spirodiclofen in other crops such as tomato and ornamental plants is projected to boost the share of the herbicide in the others segment during the forecast period. Spirodiclofen, an acaricide, is anticipated to set a new milestone in the extermination of various types of mites such as red spider, false spider mites, rust or gall mites, and tarsonemid mites. Spirodiclofen belongs to the tetronic acids family and works as an active ingredient in Envidor, an acaricide manufactured by Bayer CropScience. Spirodiclofen affects fat metabolism. This disturbs the energy balance of mites, eventually killing them. Additionally, cross resistance with other products is highly unlikely, as spirodiclofen has an entirely new mechanism of action.
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The fruits segment accounted for the largest demand for spirodiclofen in 2013. Largest sub-segments of fruits include crops such as almond, avocado, grapes, and apple. Spirodiclofen is used to boost growth of these crops. In terms of volume, almond accounts for more than 50% of demand for spirodiclofen. The market for spirodiclofen in fruit crops is exceptionally large; however, the chemical is expected to be employed increasingly in other crops pertaining to fruiting vegetables such as tomato and ornamental plants in the next few years.
Demand for spirodiclofen was the largest in Europe, accounting for over 25% of the overall market in 2013, due to extensive usage of the chemical in crops such as almond and walnut. This was followed by Asia Pacific. Spirodiclofen is also used in other regions such as Latin America and North America as 240 SC spray formulation, which is manufactured by Bayer CropScience under the brand name of Envidor. In terms of volume, Asia Pacific is estimated to experience the fastest growth rate in the spirodiclofen market during the forecast period, due to increasing cultivation of major crops such as almond in countries such as Australia in the region.
Browse the full Spirodiclofen Market for Fruits and Other Crops - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/spirodiclofen-market.html
Spirodiclofen Market - Crop Segment Analysis
- Others (Including tomato and ornamental plants)
Spirodiclofen Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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