Thiacloprid Market Overview
The Thiacloprid Market size is forecast
to reach US$286.5 million by 2027, after growing at a CAGR of 4.5% during the
forecast period 2022-2027. Thiacloprid is an
insecticide that belongs to the neonicotinoid class. It is primarily used on
agricultural crops to control various insects, such as aphids, whiteflies,
weevils, beetles, jassids, plant hoppers, and other insects. It controls such
insects by disrupting the insect's nervous system through stimulation of
nicotinic acetylcholine receptors. According to the United States Department of
Agriculture (USDA), global grains production reached 1,498.9 million metric
tons in 2021, an increase of 4.5% in comparison to 1,434 million metric tons in
2020. An increase in agricultural production along with the surging consumer
preference for the installation of gardens and lawns in residential and
commercial buildings acts as the major driver for the market. On the other
hand, health hazards associated with the use of Thiacloprid may confine the
growth of the market.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown
has significantly reduced production activities as a result of the country-wise
shutdown of manufacturing sites, shortage of labor, and the decline of the
supply and demand chain all over the world, thus, affecting the market. Studies
show that the outbreak of COVID-19 sharply declined the production of raw
materials in 2020 due to a lack of operations across multiple countries around
the world. However,
a steady recovery in agricultural production has been witnessed across the
world since 2021. Thiacloprid is an insecticide that is primarily used on
agricultural crops to control various insects, such as aphids, whiteflies,
weevils, and more. According to the Food and Agriculture Organization (FAO),
the global agricultural production including wheat and coarse grains is
expected to increase by 9% from 2021 to 2030. In this way, a steady increase in production activities from the agricultural
sector is expected to increase the demand for Thiacloprid to control various
pests from destroying the crops. This indicates a steady recovery of the market
in the upcoming years.
Report Coverage
The report: “Thiacloprid Market Report– Forecast (2022-2027)”, by
IndustryARC covers an in-depth analysis of the following segments of the Thiacloprid Industry.
By Formulation: Granular, Liquid, Others.
By Pest Type: Aphids, Whiteflies, Weevils, Thrips,
Shoot and Fruit Borer, Beetles, Jassids,
Plant Hoppers, Others.
By Application: Crops (Grains and Cereals, Pulses and
Oilseeds, Dry Beans, Peas, and Lentils, Fruits & Vegetables, Others),
Trees, Gardens, and Lawns, Others.
By Geography: North America (USA, Canada, and
Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia,
Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South
Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of
Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest
of South America), the Rest of the World (the Middle East, and Africa).
Key Takeaways
- Granular
formulation held a significant share in the Thiacloprid Market in 2021. Its
wide range of characteristics, ease of use, and increased efficiency made it
stand out in comparison to other formulations in the market.
- Crops
application held the largest share in the Thiacloprid Market in 2021,
owing to the increasing demand for thiacloprid for pest control during crop
production and for improving the overall crop productivity.
- Asia-Pacific
dominated the Thiacloprid Market in 2021, owing to the increasing demand
for thiacloprid from the agricultural sector of the region. For instance, according
to the United States Department of Agriculture (USDA), the total wheat production in China
reached up to 136.9 million metric tons in 2021, an increase of 1.6% as
compared to 134.3 million metric tons in 2020.
Figure: Asia-Pacific Thiacloprid Market Revenue, 2021-2027 (US$ Million)
For more details on this report - Request for Sample
Thiacloprid Market Segment Analysis – By Formulation
The granular formulation held a significant
share in the Thiacloprid Market in 2021, owing to its increasing demand
due to the characteristics and benefits it offers over other types of insecticide
formulations. For instance, granular insecticide is easy to use in comparison
to liquid, and other formulations, and can be directly attached to the soil
where the insects are usually located. Moreover, granular insecticide normally
lasts longer in outdoor settings as compared to most liquid insecticides that
can quickly break down due to rain and sunlight. In addition to this, granular
formulations are more economical, safer to use, and more effective as it
releases the insecticide directly into the soil, which provides optimum
protection of the crops, gardens, and lawns from pests or insects. Hence, all
of these benefits are driving its demand over other types of formulations,
which in turn, is expected to boost the market growth during the forecast
period.
Thiacloprid Market Segment Analysis – By Application
The crops segment held the largest share in
the Thiacloprid Market in 2021 and is expected to grow at a CAGR of 4.6%
between 2022 and 2027, owing to the increase in demand for crop production
across the globe. For instance, in January 2022, the government of
Egypt invested around EGP 6.4 billion (US$ 413 million) for the continuation of
its agricultural project. The project will focus on the production of crops
such as wheat, maize, cotton, and oil. In September 2021, the Spanish
government invested around EUR 13 million (US$ 15.4 million) in order to fund
the country’s agricultural projects that aim at increasing the country’s food
crop production capacity. Furthermore, recent insights from the US Department
of Agriculture state that the global food crop production reached 2,791.5
million metric tons in 2021, and 2,719.7 million metric tons in 2020,
representing an incline of 2.57% in 2021 as compared to 2020.
In this way, an increase in crop production
across the world is expected to increase the demand for thiacloprid to control
various pests or insects, such as aphids, whiteflies, and weevils that can
cause significant damage to such food crops. This is expected to accelerate the
growth of the market during the forecast period.
Thiacloprid Market Segment Analysis – By Geography
Asia-Pacific held the largest share in the Thiacloprid Market in 2021 up to 31%. The consumption of thiacloprid is
particularly high in this region due to its increasing demand from the agricultural
sector. For instance, according to the US Department of Agriculture, in 2020
the total food crop production in the Asia-Pacific region reached 1026.7
million metric tons in 2021, an increase of 2.7% in comparison to 998.8 million
metric tons in 2020. Furthermore, the total oilseed crop production in the
Asia-Pacific region reached 127.6 million metric tons in 2020, and 131 million
metric tons in 2021, representing a growth of 2.6% in 2021.
Thus, such surging production of food crops in the Asia-Pacific region is expected to drive the demand for thiacloprid for pest control during crop production and for improving the overall crop productivity. This is expected to boost the growth of the market in the upcoming years.
Thiacloprid Market Drivers
An increase in agricultural production is most likely to increase demand for the product
Thiacloprid is an insecticide that is
primarily used on agricultural crops to control various insects, such as
aphids, whiteflies, weevils, and more from destroying the crops and for
improving the overall productivity. For instance, according to the Department of
Agriculture & Farmers Welfare, the total vegetable production in India
reached 191.8 million metric tons in 2019, an increase of 4.7% in comparison to
2018. Likewise, according to the Food and Agriculture Organization, China
produced around 588.26 million metric tons of vegetables in 2019. Furthermore,
according to the European Union, the total production of fruits in the European
region reached around 36.8 million metric tons in 2020, among which apples and
pears production were the highest at 14.3 million metric tons, equivalent to
38.9% of the total fruit production in the region. Hence, such surging agricultural
production across multiple regions is expected to increase the demand for thiacloprid,
thus, resulting in the growth of the market in the upcoming years.
Surging consumer preference toward the installation of gardens and lawns in residential and commercial buildings is most likely to increase demand for the product
The inclusion of gardens and lawns in
residential and commercial buildings offers pleasing aesthetics and aromas
along with a range of other benefits. The presence of gardens and lawns in a
building can act as a natural coolant, and air cleaners, as they play a
significant role in absorbing carbon dioxide, dust, and other pollutants while
producing oxygen and improving the overall air quality.
Moreover, lawns and
plants can considerably reduce noise pollution and are capable of reducing
noise levels by 20% to 30%. Furthermore, gardens and lawns help in preventing
erosion and protecting the water quality by absorbing the excess runoff during
rainfall. Owing
to these benefits, consumer preference towards the installation of gardens and lawns in
residential and commercial buildings has been increasing in recent years, which
in turn, is expected to drive the demand for thiacloprid
in order to protect such gardens and lawns from damage caused by unwanted pests
or insects. This is expected to propel market growth in the upcoming years.
Thiacloprid Market Challenges
Health hazards associated with the use of thiacloprid can cause an obstruction to the market growth
Thiacloprid is considered hazardous under EU Regulation (EC) No
1272/2008. It is known to cause acute toxicity in case of inhalation or
ingestion. Prolonged exposure to thiacloprid may cause dizziness, and vomiting,
along with specific organ toxicity in severe cases. Moreover, it is considered
to be carcinogenic in nature and may cause cancer. Thiacloprid may have
potential cytotoxic and genotoxic effects on peripheral blood lymphocytes in
humans, as it is capable of reducing mitotic, proliferation, and nuclear
division indexes. Furthermore, it is considered to be hazardous to the aquatic
environment as well and can cause long-term effects on aquatic life. In 2020,
the European Union banned the insecticide thiacloprid, owing to its adverse
effects on human health and the environment. Thus, such health hazards
associated with the use of thiacloprid may confine the growth of the market.
Global Thiacloprid Industry Outlook
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Thiacloprid Market. Thiacloprid top 10 companies are:
- Bayer
CropScience
- Shanghai
Bosman Industrial
- Rudong
Zhongyi Chemical
- Nantong
Reform Chemical
- Nanjing
Gaozheng Agricultural Chemical
- Jiangsu
Flag Chemical Industry
- Limin
Chemical
- Suzhou
ATL Chemical
- Hailir
Pesticides and Chemicals
- Anhui
Huaxing Chemical
Relevant Reports
LIST OF TABLES
1.Global Thiacloprid Market, by Type Market 2023-2030 ($M)2.Global Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Thiacloprid Market, by Type Market 2023-2030 (Volume/Units)
4.Global Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Thiacloprid Market, by Type Market 2023-2030 ($M)
6.North America Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Thiacloprid Market, by Type Market 2023-2030 ($M)
8.South America Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Thiacloprid Market, by Type Market 2023-2030 ($M)
10.Europe Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Thiacloprid Market, by Type Market 2023-2030 ($M)
12.APAC Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Thiacloprid Market, by Type Market 2023-2030 ($M)
14.MENA Thiacloprid Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)2.Canada Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
10.UK Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
12.France Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
16.China Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
17.India Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Thiacloprid Industry Market Revenue, 2023-2030 ($M)
21.North America Global Thiacloprid Industry By Application
22.South America Global Thiacloprid Industry By Application
23.Europe Global Thiacloprid Industry By Application
24.APAC Global Thiacloprid Industry By Application
25.MENA Global Thiacloprid Industry By Application