Global Chlordecone Market Size (2024 – 2030)

The Global Chlordecone Market was valued at USD 18.98 billion in 2023 and is projected to reach a market size of USD 27.61 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 5.5%.

Industry Overview:

Chlordecone is with no trouble absorbed (>90%) from the gastrointestinal tract. Absorbed chlordecone estimated (within 24–48 h) establishes an equilibrium of distribution amongst most tissues. Absorption of chlordecone might also additionally appear via the skin, specifically in sufferers with dermatitis or pores and skin rash. Compared to different organochlorine pesticides, the ratio of chlordecone attention in entire blood to that in fats tissue of sufferers uncovered to chlordecone is plenty greater (1:7), and 75% of chlordecone in the blood binds with albumin and high-density lipoprotein. Chlordecone is principally saved in the liver tissue observed by using the adipose tissue in each man and animal. In humans, chlordecone is reduced to chlordecone alcohol in the liver observed by means of glucuronide conjugation of the alcohol metabolite. However, this metabolism is quantitatively very minor and now not vital toxicologically. Chlordecone is no longer problem with metabolism in animals studied so far, without Mongolian gerbils, which metabolize chlordecone comparable to humans.

chlordecones permit to take away the illnesses carrying insects. There are unique sorts of chlordecones, some of which act on the insect’s anxious device and others are used as endotoxins or increase regulators. Organochlorides, organophosphates, carbamates, and pyrethroids are a few of the regularly used sorts of pesticides used for the utility of a large variety of crops. chlordecones are accessible in unique formulations that impact their chemical transformation. chlordecones are beneficial to a variety of vegetation such as corn, sorghum, sunflower, wheat, cotton, soybean, and grapes together with many others. Thus, the amplification in the utilization of pesticides in a vary of plants is boosting the chlordecone market growth.

COVID-19 impact on the Chlordecone Market

Many industries throughout the globe have confronted numerous challenges due to the COVID-19 pandemic. The agriculture, commercial, industrial and different sectors have skilled pitfalls. Many tasks in such industries have been halted due to an interrupted grant chain and worker shortages due to quarantines. Also, the manufacturing and demand in agriculture enterprises have declined due to an interrupted furnishing chain and cessation in the transportation of agricultural items and fertilizers.

Thus, with the international pause in industrial manufacturing and distribution, the demand and consumption of pesticides have been hampered to an extent in a number of industries. According to the U.S. Department of Agriculture (USDA), in early February 2020, the blended price of eight important plants such as corn, oats, sorghum, barley, upland cotton, rice, wheat, and soybeans was once estimated at US$ 108.8 billion. However, with the WASDE record in June 2020, the mixed price of the manufacturing forecast was once revised to USD 103.7 billion, which decreased by 5%. Thus, the limit in agricultural production, in turn, hampered the demand for pesticides throughout the COVID-19 pandemic.

MARKET DRIVERS:

The surge in demand for agrochemicals is driving the growth of the market

The countless sorts of agrochemicals such as chlordecones, herbicides, and fungicides along with others assist to amplify the productiveness of the crops. Agriculture is exceedingly various zone comprising of operations from small farms to massive multinational holdings. The fast amplification in agricultural things to do on account of excessive demand for meal gadgets from the developing populace has improved the consumption stage of chlordecone. Rising urbanization, make bigger in working population, and make bigger in disposable earnings have shifted customer meals preferences closer to fruits and greens and natural clean meals products

An increase in agricultural output across the globe is also driving the growth of the market

The countless sorts of agrochemicals such as chlordecones, herbicides, and fungicides along with others assist to amplify the productiveness of the crops. Agriculture is exceedingly various zone comprising of operations from small farms to massive multinational holdings. The fast amplification in agricultural things to do on account of excessive demand for meal gadgets from the developing populace has improved the consumption stage of chlordecone. Rising urbanization, make bigger in working population, and make bigger in disposable earnings have shifted customer meals preferences closer to fruits and greens and natural clean meals products

MARKET RESTRAINTS:

The volatile nature of the materials is restraining the growth of the market

chlordecones are a kind of chemical substance that forestall the improvement ranges of insects. These act as boom regulators for an extensive variety of meal crops. However, pesticides are recorded to have fitness and environmental concerns. For instance, soil erosion from agriculture allows the transport of pesticides into waterbodies, which in turn, has an effect on aquatic organisms. The chlordecone Act, 1968 and chlordecone Rule, 1971, modify the registration process, import, sale, transport, manufacturing, and distribution of chlordecone in order to forestall the related danger for animals and human beings. Thus, environmental effects and stringent authorities’ guidelines associated with the use of pesticides may additionally avoid market growth.

GLOBAL CHLORDECONE MARKET REPORT COVERAGE:

This research report on the global Chlordecone Market has been segmented and sub-segmented based on the Type, Application, and region.

Chlordecone Market - Type:

• • Organochlorine
  • Organophosphate
  • Organosulfur
  • Carbamates,
  • Formamidines
  • Dinitrophenols
  • Pyrethroids
  • Neonicotinoids
  • and Others

Based on the type, The organophosphate phase held the biggest pesticides market share in 2021, with a share of over 25%. Organophosphate is regarded as one of the most versatile trainings of artificial chlordecones. The most important compounds used in organophosphate are malathion, parathion, methyl parathion, diazinon, and dichlorvos. This chlordecone kills bugs by stopping the cholinesterase enzyme which is essential in the functioning of the anxious system. These are primarily fantastic in opposition to sorts of bugs such as mites and aphids. The consumption of this chlordecone takes place via the roots and it can be utilized by means of impregnating this answer in the soil or spraying it on leaves. These are used in agriculture, gardens, and residential places. Thus, enlarge in demand for organophosphate in quite a few functions is fueling the market growth.

Chlordecone Market - By Application:

• Agriculture (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others)
• Industrial
• Household
• Commercial (Schools, Restaurants, Warehouses, Offices, and Others)
•  and Others

Based on application, The agriculture section is anticipated to develop at the quickest CAGR of 5.7% throughout the forecast length in the international pesticides market. chlordecones are in most cases used in agriculture throughout contaminated crops. These are regarded as one the essential elements for the increase in agricultural productivity. These are extensively used on a variety of plants such as cereals and grains, oilseeds and pulses, and fruits and vegetables consisting among others. The well-timed software of pesticides permits the most advantages on crops, decreased cost, and influences on goal organisms. According to Food and Agriculture Organization, the manufacturing of predominant vegetation was once 9.4 billion tons in 2019 which used to be 53% greater than the 12 months in 2000. Thus, the boom in agricultural manufacturing will increase the demand for chlordecones.

Chlordecone Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, The Asia Pacific held the biggest pesticides market share in 2021 and is projected to develop with a CAGR of 5.2% all through the forecast period. This increase is typically attributed to the enlarge in demand for pesticides in numerous applications, especially in agriculture together with fruits, vegetables, cereals and grains, oilseeds, pulses, and others. It is additionally used in household, commercial, and industrial purposes to minimize the impact on insects.

The presence of several creating international locations such as China, India, Indonesia, and Malaysia such as others are the foremost international locations helping the increase of the market. The surge in demand for natural food, make bigger population and the increase in arable land and agricultural output in the location is boosting the demand for chlordecones. According to Asia Development Outlook 2021, presently fruits and greens money owed for 32% of manufacturing price in agriculture in India and Indonesia being the pinnacle producers of fruits and vegetables. Thus, the extent of agricultural output is boosting the demand for pesticides in this region.

Chlordecone Market Share by Company

Companies like

1. FMC Corporation
2. Syngenta AG
3. Cheminova As
4. BASF
5. DuPont
6. Sumitomo Chemical Company
7. Nufarm Limited
8. Bayer CropScience
9. Makhteshim Agan Industries

And others are playing a pivotal role in the market.

For example, Nufarm has announced the launch of Teppan chlordecone containing a novel active ingredient cyclaniliprole for the Australian agriculture market.

Nufarm has announced the launch of Teppan chlordecone containing a novel active ingredient cyclaniliprole for the Australian agriculture market.

Players are making a great effort in coming up with new technologies which are creating a deep impact on the market which is further estimated to grow the demand during the forecast period. These major players have been actively globalizing their presence through partnerships and strategic acquisitions of local and regional players, which is aiding their expansion into emerging markets.

NOTABLE HAPPENINGS IN THE GLOBAL CHLORDECONE MARKET IN THE RECENT PAST:

Product Launch- In April 2022, BASF SE launched Exponus chlordecone which helps Indian farmers to protect their crops and boost their productivity. It is registered to use on crops such as oilseeds, pulses, and vegetables.

Acquisition- In Jan 2020, BASF SE has launched Renestra chlordecone for the growing season in 2021. It offers the complete solution for soybean farmers for controlling a wide range of insect pests.