Published on : Oct 21, 2016
Spirodiclofen is an insecticide that is a type of tetronic acid. It is used to protect fruit and ornamental crops such as peach, orange, tangerine, avocado, walnut, almond, and apple. The region that dominated the global spirodiclofen market in terms of consumption was Europe and is likely to retain a lead until 2020 with a share of 27.28% in the same year. The demand for spirodiclofen is expected to intensify in Europe owing to the excessive deployment of it in crops of almond and walnut. Europe is projected to be closely followed by Asia Pacific with a share of 26.72% in 2020 in the global spirodiclofen market.
Alarming Rise of Mite Attacks on Crops to Accelerate Sales of Spirodiclofen
The growing demand for acaricide is paving way for the rising use of spirodiclofen in the agricultural sector. Spirodiclofen is compliant with modern requirements and principal of integrated pest management (IPM). As a result of this, it is being extensively deployed for the protection of crops from mites and other insects. Spirodiclofen removes mites from the lower surface of the leaf. Mites suck the sap out of each epidermal cell, eventually killing the plant cell through desiccation. As an acaricide, spirodiclofen is used to remove mites from citrus fruits, stone fruits, pome fruits, grapevine, strawberries, and nuts. Moreover, it expected that spirodiclofen will set a milestone in the elimination of mites such as red spider, false spider mites, gall or rust mites, and tarsonemid mites.
Growing Floriculture to Expand Consumer Base of Spirodiclofen
Floriculture is the cultivation of ornamental crops or plants. The rise in floriculture is expected to boost the sales of spirodiclofen over the next few years. This type of cultivation is usually practiced for the decoration of landscape design projects and as domestic plants for specimen display and cut flowers. Mites affect the cells of plants, thus destroying it quickly. Spirodiclofen affects the fat metabolism of mites and disturbs their energy balance, thus killing them.
The global spirodiclofen market is projected to expand at a CAGR of 5.4% between 2014 and 2020. The market was worth US$131.7 mn in 2015 and is projected to rise to US$172.1 mn by the end of 2020.