Chlorantraniliprole Market Size, Share, Growth, and Industry Growth by Type (Suspension Concentrate (SC), Water Dispersible Granules (WG), Chlorantraniliprole Mixtures), By Application (Rice, Soy, Fruits and Vegetables, Corn, and Others) Regional Forecast (2022-2028)

REPORT OVERVIEW

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The global chlorantraniliprole market size is expected to be USD 1886.8 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with chlorantraniliprole experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 2443 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.  The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Chlorantraniliprole (DPX-E2Y 45) is a novel anthranilic diamide insecticide that belongs to a class of compounds that act on the ryanodine receptor (Group 28). It is an insecticide that was developed by DuPont for the control of lepidopteran pests and controls many insects primarily by interrupting normal muscle contraction pathways, resulting in paralysis and eventual death of the pest.

Chlorantraniliprole is a selective ryanodine receptor agonist and an anthranilic diamide insecticide. It's a highly effective and specific activator of insect ryanodine receptors (RyRs), which are required for muscular contraction. Chlorantraniliprole opens the calcium channels in the muscles, causing paralysis and death in sensitive animals. The substance is effective against lepidopteran insect pests, as well as several hemiptera, dipetra, and coleoptera species.

COVID-19 Impact: Halt of Operations to Impede Chlorantraniliprole Market Growth

COVID-19 sickness began to spread over the world in the first half of 2020, infecting millions of people globally, and prompting major countries around the world to impose foot prohibitions and work stoppage orders. Most sectors, with the exception of medical supplies and life support items, have been severely disrupted, including the Chlorantraniliprole Insecticide industry.

LATEST TRENDS

"Major Invention to Push Market Demand"

The invention is a compound pesticide containing chlorantraniliprole and profenofos that belongs to the technical field of compound pesticides. The pesticide is identified by the presence of 0.3 to 3.0 percent chlorantraniliprole and 30.0 to 36.0 percent profenofos in percentage by weight. The combination pesticide has a co-toxicity coefficient of 351.1 to 477.1 on cnaphalocrocis medinalis, has a notable synergic impact, and has an excellent control and prevention effect on cnaphalocrocis medinalis, striped rice borer, and other rice Lepidoptera pests. The combination pesticide has a broad poisoning and insecticidal range, good fast action and persistence, and a low production cost of 50% less than a pesticide made only from chlorantraniliprole.

Segmentation

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• By Type Analysis

By type, the market is segmented into Suspension Concentrate (SC), Water Dispersible Granules (WG), Chlorantraniliprole Mixtures

• By Application Analysis

Based on application, it is categorized into Rice, Soy, Fruits and Vegetables, Corn, and Others.

DRIVING FACTORS

"R&D Activities to Stimulate Demand"

The number of pests in various crops around the world is increasing, and insecticide-resistant bugs are becoming more common. Insecticides can be used to manage a wide range of pests; but, as bugs acquire resistance, they lose their effectiveness over time. This causes a considerable reduction in pesticide sensitivity, lowering pesticide performance in the field. Pesticide-based pest management is frequently associated with the development of insecticide resistance. Therefore, pesticide manufacturers are being pushed to increase their R&D spending.

"Increasing Adoption of IPM to Stimulate Growth "

Integrated Pest Management (IPM) is a long-term pest-control strategy that employs a mix of biological, mechanical, physical, and chemical techniques. Prevention, observation, and intervention are the three stages of these strategies. It is an environmentally friendly method that aims to eliminate or greatly reduce the usage of pesticides while keeping insect growth under control. As the importance of IPM grows around the world, new prospects for natural crop protection chemical products are emerging. Leading players in the crop protection chemicals market have developed a product range of crop protection chemicals, including insecticides, herbicides, and fungicides, to meet the growing demand for natural crop protection products for use in organic farming.

RESTRAINING FACTORS

"Side Effects to Impede Market Growth"

Compared to pest control, chlorantraniliprole altered the net reproduction rate, mean generation time, and doubling time; phosalone and spinosad had negative effects on all examined parameters.

REGIONAL INSIGHTS

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"R&D Initiatives to Fuel Industry Development in Europe"

North America is expected to dominate the chlorantraniliprole market share. This is due to technology breakthroughs, increased investments, and biological insect control product R&D initiatives, which will meet the growing domestic demand for high-quality food. The expansion of the market in the region can be ascribed to the aforementioned causes. The progressive trend toward the use of eco-friendly, natural insecticides and bioinsecticides by farmers has been noted in the region as farmers become more conscious of the impact of chemical insecticides on human health.

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of chlorantraniliprole market players and their work in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players  

• DuPont (U.S.)   
• Syngenta (Switzerland)
• Shanghai Shengnong Pesticide (China)
• Sinon Chemical (China)
• Jiangmeng Daguangming Agrochemical (China)
• Shanghai Lvze (China)

REPORT COVERAGE

This research profiles a report with widespread studies that take into explanation the firms that exist in the chlorantraniliprole market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.