Pyrethroids Market Segmenetd by Product Type, Crop Type, and Geography - Trends and Forecast till 2025


Posted April 23, 2019 by Pallavicoh

The global pyrethroids market was valued at US$ 3.82 billion in 2016 and is projected to witness a CAGR of 4.65% in terms of revenue, during 2017 – 2025, to reach US$ 5.71 billion by 2025

 
Pyrethroids are synthetic compounds similar to pyethrin, a natural compound produced by flowers of Chrysanthemum cinerariaefolium and Chrysanthemum coccineum. These acidic lipophilic compounds have potent insecticidal property and can paralyze nervous system of insects. Ketoalcoholic esters of pyrethroic acid and chrysanthemic acid induce the insecticidal property in pyrethroids. The naturally occuring pyrethrins are sensitive to heat, light, and moisture. However, synthetic pyrethroids have improved stability and are highly toxic among insects compared to mammals. The high toxicity is due to increased sensitivity to the nerves of the insects. The compound is less absorbed in mammalian skin and mammals possess efficient hepatic metabolism, which reduces the effect of the compound compared to organophosphorous insecticides that are highly toxic.


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Pyrethroids are widely used to produce pesticides for use in agriculture, hospitals, homes, schools, and restaurants. Moreover, the compounds are used for topical head lice treatment and are used in smoke coils, aerosol sprays, electric mats, oil formulations, wettable powders, emulsifiable concentrates, and dustable powders.

High adoption of pesticides to increase crop yield and increasing demand for household products such as pet sprays and shampoos, insect repellent products, and lice treatment products containing pyrethroids are major factors propelling growth of the pyrethroids market.
However, adverse effects of pyrethroid pesticides on aquatic ecosystem and growing demand for bio pesticides are some of the key factors restraining growth of the pyrethroids market.

Based on product type, the pyrethroid market is segmented into bifenthrin, deltamethrin, permethrin, cypermethrin, cyfluthrin, and others. Based on product types, bifenthrin segment accounted for the largest share of more than 35% in the global market in 2016 and is expected to retain market dominance throughout the forecast period, although a decline in the market share is expected during the forecast period. The usage of bifenthrin as a chemical is restricted in the U.S, owing to high toxic nature. However, the same is sold for daily usage provided that, the products have a low concentration of bifenthrin. Bifenthrin was first discovered and developed by FMC Corporation.
The demand for permethrin is gaining significant traction in the market, owing to its rising demand as an insecticide and as a medication. It is used for the treatment of scabies and lice. It is included in the World Health Organization's List of Essential Medicines as the most effective and safest medicine.

The pyrethroid market is classified based on crop type, such as crop based and non-crop based. Crop based segment is further classified into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. Non-crop based is further classified into turfs, and ornamentals. The crop based segment is the largest segment, owing to the increasing demand for highly potent and low toxic pesticides in the agriculture sector in order to increase crop yield.


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Issued By Mr. Shah
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Categories Advertising , Business , Marketing
Tags bifenthrin market , cyfluthrin market share , cypermethrin , deltamethrin market , permethrin , pyrethroids market size
Last Updated April 23, 2019