Global Spirotetramat Market is Expected to Reach US$ 233.1 million in 2020 : Transparency Market Research
Spirotetramat Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Spirotetramat is a tetramic acid derivative with IUPAC name cis-4-(ethoxycarbonyloxy)-8-methoxy-3-(2,5-xylyl)-1-azaspiro[4.5]dec-3-en-2-one. It belongs to ketoenol group. Spirotetramat is sprayed on the leaves of the plant. It reaches all the parts of the plant including the roots and buds, through xylem and phloem present in the plant. Traditional insecticides have one-way transport system, through xylem, and hence are applied on growing plant parts. However, phloem transports from leaves to roots hence can be applied at any stage of the plant growth. Spirotetramat is widely used for citrus, pome fruit, grape, strawberries, lettuce, mangoes and cotton, etc. This insecticide is effective against aphids, psyllids, scales, whiteflies, mealybugs and selected thrips.
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Increasing pest resistance to existing pesticides, other than spirotetramat, and the overall cost reduction in pest management are expected to drive the global spirotetramat market. Farmers can use spirotetramat at any stage of plant growth due to the two-way systemicity of spirotetramat. Moreover, high demand for good quality fruits & vegetable from food processing industry is further anticipated to boost spirotetramat demand in the next few years. However, ban on spirotetramat by federal law in some states in the U.S. and high cost of this product due to patents is anticipated to hamper the market growth. Companies operating in the market are likely to gain opportunities after the patent expiration of spirotetramat.
The report includes market estimates and forecast of spirotetramat from 2013 to 2020 in terms of volume and revenue. The forecast period is between 2014 and 2020 considering 2013 as a base year. The market is analyzed in terms of volumes in tons and revenue in US$ Mn. The global spirotetramat market is further analyzed by crop segments as vegetable crops, fruits, cotton and others. Other crop segment includes hops, spices, cereals, nuts, etc. The market is studied in terms of volume (Tons) and revenue (US$ Mn) for each crop segment in global as well as regional level. The global market is segmented in various geographical regions as North America, Europe, Asia Pacific and Rest of the World (RoW). RoW includes Latin America, Middle East & Africa. Each of these regions is analyzed by crop type from 2013 to 2020.
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Extensive secondary research was conducted to estimate market data. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. These findings from secondary research are validated through primary interviews with a wide range of key industry participants and opinion leaders. Some of the major secondary sources referred for this study include The U.S. Department of Agriculture (USDA), The U.S. Environmental Protection Agency (EPA), The European Food Safety Authority (EFSA), AgroNews, company annual reports, magazines, etc. Other factors considered while evaluating the market include drivers, restraints, current production capacity, price trend, substitutes, etc. Weights are assigned to these factors to estimate market size and growth rate.
This approach has proven to be the most effective, reliable and successful method for obtaining accurate market data, capturing industry participants’ insights and recognizing business opportunities. The global spirotetramat market was estimated and forecasted by top-down approach for each geographic region and bottom approach for each crop segment.
The report includes company profile of Bayer CropScience AG with focus on company overview, financial overview, business strategy and recent developments. Post patent expiration of Bayer CropScience AG, numerous companies are expected to enter the market.
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This report segments the global spirotetramat market as follows:
Spirotetramat Market - Crop Segment Analysis
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