Global Nitrapyrin Market Size, Share, and COVID-19 Impact Analysis, By Type (≥98% & <98%), By Application (Grains, Vegetables, Fruits & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030

Key Market Insights

Nitrapyrin Market was valued at US$ 1.98 billion in 2021 and is projected to reach US$ 5.02 billion by 2030, at a CAGR of 4.3%. Nitrapyrin is a chemical compound that is used as an herbicide. It is also used to control weeds in crops such as cotton, soybeans, and wheat. It has been found to be toxic to humans and animals. An organic white crystalline substance known as nitrapyrin is frequently used in agriculture as a nitrification inhibitor.

Nitrapyrin and urea or other fertilizers that include ammonia considerably reduce nitrogen loss from the soil. The nitrogen from fertilizer is kept in the substrate by nitrapyrin in a form that is readily available to the crops and resistant to loss from the soil structure. By preventing the bacteria that convert ammonia to nitrite, nitrapyrin slows down the nitrification process. Nitrapyrin works in this way to prevent soil nitrogen from being lost through runoff, leaching, or gaseous emissions.
 
Nitrapyrin also comes in two different formulations: an emulsifiable concentrate and a suspension for capsules. For instance, N-SERVE nitrapyrin is formulated as a liquid, while INSTINCT nitrapyrin is from DuPont.

COVID-19 ANALYSIS

The COVID-19 pandemic has impacted many prominent economies around the world, causing a severe cash crunch and reduction in cash liquidity. As a result, the majority manufacturers slowed the market's growth rate. The breakdown of the nitrapyrin production chain and supply chain during the initial period of the pandemic severely hampered the market's development prospects. Furthermore, long-term restrictions imposed on manufacturing facility operations, as well as the unplanned and inconvenient shutdown of numerous manufacturing clusters, created a massive supply-demand gap, reducing the extensive potential development prospects of the industry.

Increasing Utility in the Agriculture Sector Favors Market Growth

Nitrapyrin usage increases crop yields by retaining nitrogen in the root zone. According to the United Nations, the world population is projected to surpass 9.1 billion by 2050. High population amid the scarcity of arable land is anticipated to increase the demand for rich agricultural yields in the near future. This is likely to increase demand for nitrapyrin. Bactericides used in advanced agricultural methods played a significant role by increasing crop yields and quality.

Increasing Population Propelling Market Growth with Rising Demand for Food

Population growth has increased food demand, which is expected to increase sales of crop protection goods like crop bactericides. The demand for new and biodegradable agricultural bactericides has increased as crop production has increased and more requirements for food security have been implemented. Therefore, it is anticipated that ongoing research and development of new, effective crop bactericides would be a positive factor for market expansion.

Strict Regulation Regarding Launch of New Crop Bactericides Hampering Market Growth

The strict regulation regarding the launch of new crop bactericides is likely to hamper the nitrapyrin market growth. Due to the harmful effects of crop bactericide overdose, strict government rules and regulations surrounding the introduction of new crop bactericides and their commercial applications are anticipated to impede market expansion.

Segmentation Insights

Based on the offering, the market is categorized into ≥98%, <98%. Based on application, the market is categorized into grains, vegetables, fruits & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Regional Insights

Asia-Pacific is expected to dominate the nitrapyrin market by 2030 owing to the enhanced use of crop nutrients to get the best yield possible from agricultural crops. Crop bactericides are likely to dominate the market in the region due to the region's rapidly growing population and increasing demand for food security, which has increased farmer's inclination toward effective crop protection products.

However, North America is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven by growing use of integrated pest management tactics and new agricultural techniques and methods. It is anticipated that the sale of crop nutrients, particularly bactericides, will increase as a result of the growing demand for high-quality crops and the expansion of agricultural techniques.

List of Key Companies Profiled: 

• Adama Agricultural Solutions Ltd.
• American Vanguard Corporation
• Aries Agro Ltd.
• Biostadt India Limited
• Coromandel International
• DuPont
• FMC Corporation
• Jinan finer chemical Co., Ltd.
• Jubilant Life Sciences Ltd.
• LIER Chemical Co., Ltd.
• Merck KGaA
• Netvertise GmbH
• Nufarm Limited
• PI Industries
• Sumitomo Chemical Company, Limited
• Zhejiag Aofutuo Chemicals

Segmentation

By Type

• ≥98%
• <98%

By Application

• Grains
• Vegetables
• Fruits
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa