A new market research report has been recently published by
Transparency Market Research, a U.S.-based market research and
intelligence firm. The research report provides an in-depth analysis
of the global spirodiclofen market for fruits and other crops. It
also provides the past and current performance of the market, along
with the existing trends and growth prospects. The research report is
titled “Spirodiclofen Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2014 - 2020”.According to the
research report, the global spirodiclofen market stood at US$119.9
million in 2013 and is projected to touch US$172.1 million by the end
of 2020, growing significantly at a 6% CAGR between 2014 and 2020
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Spirodiclofen helps keep crops healthy and away from diseases, which
increases the productivity. The demand for spirodiclofen is expected
to rise in the forecast period, owing to the increasing production of
walnuts, almonds, tangerines, etc. Moreover, the increased production
of tomato to cope with rising food demand is expected to propel the
demand for spirodiclofen through the forecast period.
The research report has segmented the global spirodiclofen market on
the basis of crop type into fruits and other crops (such as
ornamental plants and tomato). In 2013, the fruit segment dominated
the global spirodiclofen market. Spirodiclofen is commonly used in
numeorus fruit crops such as almond, pear, avocado, apple, lime,
grapes, and lemon.
In 2013, almond plantations held more than 50% of the spirodiclofen
market on the basis of demand. The research report states that the
spirodiclofen market is quite expansive and has excellent growth
prospects due to its impending usage in many other types of crops,
including decorative plants and fruiting vegetable crops, in the
forecast period.The research report has geographically segmented the
global spirodiclofen market in four regions: Asia Pacific, Europe,
North America, and Rest of the World. In 2013, Europe dominated the
global spirodiclofen market, accounting for 25% of the market.
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The dominance of Europe can be attributed to the tremendous use of
chemicals in crops such as almonds and walnuts. Asia Pacific held the
second position in the same year. In Latin America and North America,
spirodiclofen is used as a 240 SC spray formulation named ‘Envidor’
and produced by Bayer CropScience. As per the research report, Asia
Pacific is expected to witness a high rate of development in the
global spirodiclofen market through the forecast period.
Furthermore, the research report has provided a detailed analysis of
the prominent companies operating in the global spirodiclofen market.
The two leading companies mentioned in the research report are
Hangzhou Tianlong Biotechnology Co. Ltd. and Bayer CropScience.
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Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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