Fipronil Market Was Valued at USD 520.1 million in 2021, Increased Applications for Crops and Pet Care Industry

According to Precision Business Insights (PBI) latest report The Global Fipronil market was registered USD 520.1 million in 2021, growing at a 3.2% CAGR from 2022 to 2028. Global Fipronil Market is segmented into the following types: By Form (Powder Formulation and Liquid Formulation), By Application (Agriculture, Turf Products, Seed Treatment, Pet Care Products, Gel Baits, and Liquid Termiticides), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key player's profiles in the BASF SE, Bayer AG, Boehringer Ingelheim GmbH, Bryant Christie Inc., CK Life Sciences Intl., GSP Crop Science Private Ltd., Jiangsu Tuoqiu Agrochemicals Co., Ltd., Qingdao KYX Chemical Co., Ltd., and Shandong Audis Biotechnology Co. Ltd.

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Agriculture Dominates the Fipronil Market
Based on application, the agriculture segment registered a significant market share, and it is expected to grow with a CAGR of x% from 2022 to 2028. Fipronil is widely used to prevent the ants, termites, moles, and other pests that cause crop damage. The increased demand for Fipronil due to acts as a broad-spectrum insecticide in the agriculture business. The widespread use of modern agricultural practices involving fipronil, a broad-spectrum insecticide, is expected to accelerate the market over the forecast timeframe.

The Asia Pacific leads Fipronil Market:
The Asia Pacific held a significant market share in the fipronil market during the forecast period and it is expected to continue the growth in future. The growth is due to the strong presence of the agriculture sector in India, China. Europe held considerable market share during the estimated period owing to increased public awareness of the importance of effective crop protection products. USA Fipronil market was valued at US$ x Mn in 2021 and expected to grow at x% CAGR over the forecast years. The market is growing at a moderate growth rate over the future years owing to increase in the adoption of Fipronil for pre and post-construction applications and rise in awareness about the insecticides among the population in the country.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
New product launches, frequent product approvals, and long-term alliances to improve market revenue share and gain significant geographic presence are major strategies of the market players. For instance, In Mar 2021, Bayer introduced Vynyty Citrus, the company unveiled its latest biological and pheromone-based crop protection product for controlling pests on citrus farms.

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The fipronil market is detailed degmentation.
Based on the Form, the market is segmented into the following:
• Powder Formulation
• Liquid Formulation

Based on the Application, the market is segmented into the following:
• Agriculture
• Turf Products
• Seed Treatment
• Pet Care Products
• Gel Baits
• Liquid Termiticides

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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