Pyrethroid Market Research Report


Posted November 8, 2023 by saalar

Pyrethroids are synthetic chemical compounds extensively employed in agriculture and pest control to safeguard crops and manage insect infestations.

 
Pyrethroid Market Poised for Strong Growth with an Expected CAGR of 5.5% by 2026
The global pyrethroid market is on track for significant expansion, with Market Data Forecast estimating its value to reach USD 8.06 billion by 2026, driven by a (CAGR) of 5.5 during the forecast period.
Pyrethroids are synthetic chemical compounds extensively employed in agriculture and pest control to safeguard crops and manage insect infestations. These chemicals are pivotal in preserving crop yields and establishing pest-free environments across diverse sectors, including agriculture, public health, and animal husbandry.
Key factors expected to fuel the growth of the pyrethroid market include the increasing demand for effective insecticides, the emphasis on crop protection and pest control, and the need for public health solutions. As pest-related challenges persist across various industries, pyrethroids remain a vital tool in pest management and public health protection.
The global pyrethroid market is set for continuous growth, driven by the ongoing need for effective pest control and the importance of insecticides in various applications. The market's growth prospects remain promising throughout the forecasted period.
Pyrethroids are synthetic chemical compounds widely used in agriculture and pest control to protect crops and manage insect pests. They are instrumental in ensuring crop productivity and maintaining pest-free environments across various applications.
Pyrethroids have come under scrutiny due to their potential environmental impact, especially on non-target species and aquatic ecosystems. Their persistence in the environment can harm beneficial insects and aquatic life. This has led to regulatory restrictions and the development of more eco-friendly alternatives.
The continues use of pyrethroids has led to the development of resistance in some pest populations. Insects can adapt to these chemicals over time, rendering them less effective and necessitating the rotation with alternative pest control methods.

Key Players in the Pyrethroid Market:
● BASF
● Bayer
● Syngenta
● Dow Chemical Company
● FMC Corporation
● Nufarm
● Adama Agricultural Solutions
● Corteva Agriscience
● Sumitomo Chemical
● UPL Limited
● Arysta LifeScience
● Monsanto (now part of Bayer)
● Nissan Chemical Corporation
● Sinochem Group
● Makhteshim Agan Industries (now ADAMA)
● Sipcam-Oxon Group
● Jiangsu Yangnong Chemical Group
● Zhejiang Hisun Chemical Co., Ltd.
● Meghmani Organics Limited
Recent Developments:
● In July 2023, Syngenta focused on developing pyrethroid formulations with enhanced safety profiles for both agricultural and household use.
● In Sept 2023, Corteva Agriscience invested in research and development to create pyrethroid products with extended residual activity for pest control in agriculture.
● In Sept 2022, FMC Corporation expanded its pyrethroid portfolio with products focused on pest management in crops, providing farmers with effective solutions.
Key Market Segments Covered in Pyrethroid Industry Research:
By Active Ingredient Type
● Bifenthrin,
● Deltamethrin,
● Permethrin,
● Cypermethrin,
● Cyfluthrin,
● Lambda-cyhalothrin
By Crop Type
● Cereals & Grains,
● Oilseeds & Pulses,
● Fruits & Vegetables
By Region
● North America
● Europe
● Asia-Pacific
● Latin America
● Middle East and Africa
The Asia-Pacific region is dominating the market due to boasting extensive agricultural territories and a burgeoning population, which commands a substantial portion of the worldwide pyrethroid market. pyrethroids are widely adopted in this region due to their cost-effectiveness and efficiency in pest control. The region's expanding urbanization and the increasing need for pest management in residential areas also contribute to its market dominance.
North America had a strong presence in the market, driven by stringent regulations regarding pest control and a growing demand for agricultural and household insecticides. The region benefits from a robust research and development infrastructure, fostering innovation in pyrethroid products that cater to a variety of applications.
Europe has a significant market share during the forecast period, This region has seen a rising trend in organic farming, encouraging the use of pyrethroids in integrated pest management strategies. Moreover, European consumers' increasing awareness of the importance of sustainable agriculture has further boosted the market for pyrethroid-based products.
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Categories Agriculture , Business , Pets
Tags pyrethroid market , pyrethroid report
Last Updated November 8, 2023