Albany, NY -- (SBWIRE) -- 02/04/2015 -- The global spirodiclofen market is driven by the growing demand for nutritious and affordable fiber supply. Spirodiclofen is by far one of the best crop protection technologies that belong to the tetronic acid family. In simple words, it is an acaricide or insecticide that helps to eliminate pests. Spirodiclofen is a chemical that acts as an inhibitor of lipid biosynthesis by thwarting the energy balance of pests and finally eliminates them.

The global agriculture industry was characterized by low-level productivity until the middle of the 20th century. It was only after World War II that advances in agricultural production in terms of increased use of pesticides, insecticides, advent of technology-driven irrigation technologies, and other cultural practices induced growth in agricultural production.

Spirodiclofen is an effective insecticide used in the extermination of different types of mites such as rust or gall mites, red spiders, tarsonemid mites, and false spider mites that affect fruit crops. It helps to keep the crops disease-free and healthy, thereby enabling better productivity for farmers. According to a recently published report, the global market for spirodiclofen that was valued at US$119.9 million in 2013 is expected to reach US$172.1 million by 2020 registering a CAGR of 5.4% from 2014 to 2020.

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Fruit Segment Leads the Spirodiclofen Market :

Frequent servings of fruits are necessary to get a complete supply of nutrients. The famous saying, "An apple a day keeps the doctor away" holds significance in this respect. People living in different countries worldwide seemed to have realized the importance of including fruit in their daily diet. This has significantly contributed to the rise in demand for fruit crops in the recent years. The increasing demand for fruit crops has correspondingly boosted the demand for spirodiclofen in the global market. In fact pesticides and insecticides have significantly attributed to the increase in the production of food over the last five decades or so. These chemicals have an innate ability of improving farm yield that has prompted farmers across developed and many developing nations in favor of insecticides. Owing to the benefits it offers, a growing scope of using spirodiclofen in other crops such as tomato and ornamental plants has been observed as well.

The global market for spirodiclofen has been segmented on the basis of crops wherein the fruits segment accounted for the maximum demand in 2013. The segment of fruit is further sub-categorized into crops such as almond, avocado, apple, and grapes. Spirodiclofen plays an important role in increasing the growth of these crops. Among the different sub categories for the global spirodiclofen market, almond emerged as the market leader accounting for more than 50% of the total demand for the insecticide.

Europe Surges Ahead with 25% Market Share :

Geographically, the market for spirodiclofen can be segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe dominated the global spirodiclofen market in 2013 with over 25% of the market share. In the same year, Asia Pacific emerged as the second-largest market for spirodiclofen. The insecticide has a flourishing market in North America as well, where it is used for various kinds of food crops. The market for almond accounted for more than half of the consumption of the insecticide produced in states such as California and Latin America. Additionally, introduction of spirodiclofen in emerging economies such as Brazil is also expected to boost the demand for the insecticide. Spirodiclofen was launched in Brazil for the first time by Bayer CropScience under the brand name of "Envidor". According to industry insiders, the market for spirodiclofen in Brazil will soon emerge as one of the leading markets globally in the coming few years.

The global market for spirodiclofen is dominated by key players such as Hangzhou Tianlong Biotechnology Co. Ltd., and Bayer CropScience.

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