Global Ethiprole Market

By Author: Rupali Dagade
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Global Ethiprole Market size was valued at US$ 90.65 Mn. in 2019 and the total revenue is expected to grow at 1.2 % through 2020 to 2027, reaching nearly US$ 99.73 Mn.

Global Ethiprole Market Overview:

Ethiprole is a highly effective chemical insecticide that is applied on crops to eliminate the threats of insects like planthoppers, grasshoppers, leaf miners, phyllids, and others. Ethiprole consists of Gamma Butyric Acid regulated chlorine channels that affect the nervous system of insects resulting in their instant death. An increase in the number of farmers preferring cash crops and the rising threat by insects to crops in the field and in storage facilities has resulted in a growth in the Global Ethiprole Market.

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The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is Considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown ...
... for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Ethiprole Market Dynamics:

Ethiprole affects directly the nervous system of insects causing temporary paralysis and complete loss of the nerves that transmits the signal to the nervous system. Ethiprole improves the resistive capacity of crops and leaves essence on crops that repels the insects away. The rising preference for cash crops by farmers and extensive damage done to them by insects has propelled the demand for Ethiprole.

Ethiprole is highly concentrated in nature and is mixed with water-based solutions to reduce its direct effect on crops. Even a small amount of Ethiprole 12 gm/acre has resulted in a 90% insect control with relatively little effect on nitrogen-enhancing species present in the soil. The presence of high toxicity to insects and effects that last up to 28 days has resulted in a rise in demand for Ethiprole by the global Agriculture sector.

Environment plays a crucial factor in the breeding of insects. A report by The Global Zoological index states that insects have shown an increased growth rate in the regions that are hot in nature. With an increase in the global temperature and the rising number of species of insects, the demand for Ethiprole has observed a rapid growth in demand by the farmers present in the underdeveloped and developing nations.

Ethiprole consists of insect-repelling features that show little to no changes due to variation in the temperature. Several investigations conducted by warehousing firms present in the US states that Ethiprole alone and in combination with other insecticides has provided good pest control for the duration of over 6 months to the crops of wheat and corn. The rising preference for the storage of cereals for later use has resulted in a growth in demand for Ethiprole by the Global Warehousing sector.

An increase in the migration of insects like locusts and leaf miners into the Indian heartland has resulted in a rising demand for effective insecticides. To tap this demand and to reduce the manufacturing cost, Germany-based firm Bayer AG started their new Ethiprole manufacturing plant at Vapi, Gujarat. Bayer has invested the US $ 26.90 Million to build this assembly and will focus to export to other countries present in the Indian sub-continent.
The rising demand for food products for a rapidly growing population acts as the major driving factor for the growth of the Global Ethiprole Market.

Restraints:

Increased campaigns by people to limit the use of chemical insecticides and promote natural insecticides are limiting the growth of the Global Ethiprole Market.

Global Ethiprole Market Segment Analysis:

By Crop Type, The presence of low immunity against insects and rising demand from the industrial sector has forecasted Cotton and Sugarcane to remain dominant crops that require Ethiprole in the coming years. The rising demand for effective insecticides to control the rapid growth of insects in crop fields has resulted in a 1.3% increase in demand for Ethiprole in the second decade of this century by cash crop farmers cultivating Tea and Vegetables.

The rising demand for the insecticide to prevent the damage to crops in storage has resulted in a 0.8% increase in demand for Ethiprole from 2016 through 2020 by the Food Trading agencies dealing in Peanut and Soybean present in countries like China and India.

By Insect Type, The rising growth rate of insects like Thrips, White Flies, Leaf Miners, and Phyllids that cause damage to the ready-to-harvest crops on a big scale has forecasted the Global Ethiprole Market to grow at a CAGR of 1.2% from 2019 through 2027.

By End Users, The increased use of chemicals to eliminate the threat of insects that cause damage to crops has forecasted the Agriculture sector to remain the dominating consumer of Ethiprole in the coming years. The rising initiatives by the governments of developing countries towards the conservation of natural ecosystems have resulted in a 1.5% increase in demand for Ethiprole in the second decade of this century for Forest Development initiatives by various nations.

The presence of a weak internal supply chain and lack of technological advancement in storing food products have resulted in a 2.1% increase in demand for Ethiprole from 2016 through 2020 for storing food products by the Agro products Industry.

By Distribution Channels, The presence of features like a direct link between manufacturer and buyer and low-cost has resulted in making the medium of Direct Sales generating more than 50% of the revenue of the Global Ethiprole Market in the unorganized market in 2018. The medium of Specialty Stores accounts for more than 40% of the revenue generated in 2018 by the Global Ethiprole Market in the organized market.

The presence of a wide range of products by different brands under one roof has resulted in a 1.2% increase in sales of Ethiprole through the medium of Supermarkets in the second decade of this century. An increase in the use of the internet for purchasing agro-products and the presence of features like doorstep delivery has resulted in a 2% increase in the number of people purchasing Ethiprole in 2018 through the medium of E-Commerce. Different shops that deal in agro-products and agriculture ancillaries are visited by people to purchase Ethiprole.

Global Ethiprole Market Regional Insights

Region-wise, Asia-Pacific is the biggest market for Ethiprole. The presence of a large economy directly dependent on the Agro sector and rising demand for food products by the ever-rising population have resulted in a 1.7% increase in demand for Ethiprole from 2017 through 2020 by the Agro sector present in this region. The presence of a weak supply chain and logistics industry has resulted in a 1.4% increase in demand for Ethiprole in the second decade of this century by the Warehousing sector present in this region.

The preference for series farming of a single crop on a large scale and growth in the productivity rate of insects has resulted in a 1.3% increase in demand for Ethiprole from 2016 through 2020 by the Agriculture sector present in North America. The rising environmental protection campaigns related to the use of chemicals in the crop fields have resulted in a 2.8% decrease in the sales of Ethiprole in Europe.

The South American market is showing a growth rate of 0.8% in 2019, the reason for which is the rising trend for farming Coffee, Rubber, and Soybean as cash crops with the intent of export. The Middle East and Africa’s Market is showing a low growth rate, the reason for which is the preference for alternatives that work more efficiently.

The objective of the report is to present a comprehensive analysis of the global Ethiprole market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Ethiprole market dynamics, structure by analyzing the market segments and Project the global Ethiprole market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Ethiprole market make the report investor’s guide.

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Global Ethiprole Market Scope: Inquire before buying

Global Ethiprole Market, by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Ethiprole Market Key Players

• Parchem Fine & Specialty Chemicals
• Sigma Aldrich Corporation
• B. Joshi Agrochem Pharma
• Bayer CropScience AG
• Rayfull Holding Co., Ltd.
• ITAL Tiger LLC
• NUFARM UK Ltd.
• Lifesystems Ltd.
• Hockley International Ltd.
• Terra Nostra GmbH
• Wetabau GmbH
• DESINFECTA AG
• Wellmax Agrochem Ltd.
• Agrobase Co., Ltd.
• Jiangsu Fengshan Group Co., Ltd.
• Hemani Industries Ltd.

FAQ’S:

1) What is the market share of the Global Ethiprole Market in 2019?

Answer: The Global Ethiprole Market was valued at the US $ 90.65 Million in the year 2019.

2) Which is the dominating region for the Global Ethiprole Market?

Answer: The presence of a big Agriculture sector has resulted in making Asia-Pacific the biggest market for Ethiprole.

3) What are the opportunities for development in the Global Ethiprole Market?

Answer: The use of natural products in the manufacturing process holds an ample amount of opportunities for the development in the Global Ethiprole Market.

4) Which factor acts as the driving factor for the growth of the Global Ethiprole Market?

Answer: An increase in the demand for rapid production of consumable plant-based products acts as the major driving factor for the growth of the Global Ethiprole Market.

5) What factors are restraining the growth of the Global Ethiprole Market?

Answer: The harmful effects on the environment by the use of chemical insecticides acts as the major restraining factor for the growth of the Global Ethiprole Market.

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