Chlorfenapyr Market Size, Share, Growth, and Industry Analysis, by Type (10% SC, Above 20% SC, and Others), By Application (Vegetables & Fruits, Food Crops, and Others) Regional Forecast From 2023 To 2030

Updated On: 20 November 2023

CHLORFENAPYR MARKET REPORT OVERVIEW 

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The global chlorfenapyr market size is expected to be USD 392.2 million in 2022 and the market is projected to touch USD 550.1 million by 2028, with a growing CAGR of 5.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the chlorfenapyr market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Chlorfenapyr is a recently developed active component obtained from pyrrole-producing microorganisms. It has been demonstrated to be very successful against insects that have developed a resistance to widely used insecticides. It uniquely activates itself after it reaches the host, unlike normal active components in pesticides. Commercial applications include termite control and protecting crops from various insects and mite infestations. It is mostly employed in the fight against mosquitoes that spread disease.

It belongs to the pyrrole class and is a 4-bromo-1H-pyrrole-3-carbonitrile with ethoxymethyl, p-chlorophenyl, and trifluoromethyl groups replaced at positions 1, 2, and 5 respectively. It is a pro insecticide used to protect crops from various insects and mite infestations and control termites. It serves as a pro acaricide and a pro insecticide. It is an organofluorine, organochlorine, organofluorine, nitrile, pyrrole, and hemiaminal ether acaricide and insecticide and part of the monochlorobenzene family. It is a tralopyril derivative.

COVID-19 Impact: The Pandemic's Combined Effects Stopped the Market's Growth.

Since the COVID-19 virus first appeared in December 2019, it has been expanding and has cost the global economy and industrial sectors a lot of money while also boosting the internet market and industry. Fortunately, it is anticipated that the negative effects of COVID-19 will be reduced and the world economy will recover thanks to the development of a vaccine and other activities by international governments and organizations. Every stage of a product's life cycle was impacted by the pandemic's cumulative effects, which restrained the expansion for chlorfenapyr market.

LATEST TRENDS

"Online Sales Spur Market Expansion"

A major force behind global development is now being recognised as digital transformation. While giving businesses unmatched prospects for wealth generation and capture, connectivity has the ability to empower millions of individuals. The value chain of the sector benefits from increased efficiency and safety, while digitalization aids the development of new products. The sector should also keep a watchful eye out for any digital disruption. The chlorfenapyr market is also making use of the advantages of digital platforms, which is fueling its expansion.

CHLORFENAPYR MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into 10% SC, Above 20% SC, and Other.

10% SC is the leading part of this segment.

• By Application

Based on application; the market is divided into Vegetables & Fruits, Food Crops, and Others

 Vegetables & Fruits is the leading part of the application segment.

DRIVING FACTORS

"Non-Repellent Feature Boosts Product Demand "

The product kills target pests quickly, and because of its unusual mode of action, it reduces the possibility that insects will evolve a resistance to it. The majority of chlorfenapyr-based products are non-repellent and have a 14–21 day residue. Commercial applications include termite control and protecting crops against various insect and mite infestations. It is both a pro-insecticide and a mixed-function oxidative elimination of the N-ethoxymethyl group of chlorfenapyr. The oxidases result in a hazardous form that uncouples oxidative phosphorylation in the mitochondria. This disruption of ATP synthesis and energy loss causes cell malfunction and ultimately results in the organism's death.

"Insect Population Growth Accelerates Market Demand"

As time goes on, there are more and more different kinds of insects. It comprises all types that also have an impact on human life. Some insects also undergo constant mutation; as a result, the pesticides formerly used are no longer effective. In that situation, the old pesticide is not fully effective in achieving its goals. As a result, as the insects intensify their attacks, people defend themselves and respond in their own terms, for example by using chemicals of this kind. The chlorfenapyr market expands as a result of rising sales as demand rises.

RESTRAINING FACTORS

"Poisenous Natural Properties Restrain Market Growth."

Although it hasn't been thoroughly investigated, its toxicity to humans is fairly high. In the medical literature, there have been several reports of fatal cases of chlorfenapyr poisoning caused by oral intake. Since 1995, it has been used on a global scale to eradicate agricultural pests. Despite its extensive use, there is limited data on acute human poisoning; just a few fatalities from its poisoning have been documented. These negative effects cause a slowdown in demand.

CHLORFENAPYR MARKET REGIONAL INSIGHTS

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"Asia Pacific to Lead Market Owing to Growth Agriculture Industry"

Asia-Pacific has the greatest chlorfenapyr market share when compared to other regions. The primary factor driving the market's expansion is the area's steady rise in agribusiness. Vegetables, fruit, food crops, and other production are all rising quickly. Insects that have an impact on agricultural production are growing at the same rate. The requirement for chlorfenpyr also grows as a result. As a result, the area experiences the fastest in the chlorfenapyr market growth.

KEY INDUSTRY PLAYERS

"Prominent Market Players to Accelerate Market Growth"

The information for this market was compiled from a variety of sources. Trade publications, statistics from professional organizations, academic studies, and government reports are a few examples. In addition to these main sources, information is also gathered from producers, distributors, sellers, retailers, micro-experts, and other market participants. The study provides information on market participants and their regional activities. A few examples of methods for obtaining data and producing reports include partnerships, technology advancements, acquisitions, mergers, and the expansion of industrial facilities.

List of Market Players Profiled

• BASF (Germany)
• Shandong A&Fine Agrochemicals Group (China)
• Hebei Guanlong Agrochemical (China)
• Guangdong Zhongxun (China)
• Nanjing Fengshan Chemical (China)
• Croda (U.K.)
• Yifan Biotechnology Group (China)
• Jaffer Group of Companies (Canada)
• Hebei Sincerity and Delighted Chemical (China)
• Atticus LLC (U.S.)
• PI Industries Limited (India)

REPORT COVERAGE

The study includes a detailed analysis of the market's current state as well as a look at raw materials, technology, and machinery, as well as a look at supply and demand, production capacity, and industry chain analysis. This study evaluates the market potential and market risks associated with the emergence of specific categories. It also assesses how important market drivers and barriers will affect market expansion. Important enterprises' performance is evaluated over time, and their effects on market dynamics are examined.