Market Overview:

Pyrethroids are synthetic insecticides similar to pyrethrins that occur naturally in chrysanthemum flowers. It is a special chemical class of active ingredients related to pyrethrins that resemble insecticidal properties. They have a particularly short life and are biodegradable immediately by the presence of sunlight due to their high sensitivity to light. It acts as a nerve toxin and leads to paralysis and eventual death of the target insects, which has become the most widely used insecticide worldwide. Pyrethroid market has been estimated at USD 5.4 Billion in 2019 and is projected to reach USD 7.06 Billion by 2024, at a CAGR of 5.5% during the forecast period from 2019 to 2024. 

Market Drivers and Restraints:

The market growth for the pyrethroid is mainly due to the need to increase crop yield and profitability. In addition, the fact that pyrethroid is one of the safest insecticides also helps to develop the market. Market growth can be reduced due to factors such as product labeling problems, the popularity of biosensor products and supply limitations due to their natural origin. 

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Report segmented as

By IngredientType:

Bifenthrin,
Deltamethrin,
Permethrin,
Cypermethrin,
Cyfluthrin,
Lambda-cyhalothrin
By Crop Type:

Cereals & Grains,
Oilseeds & Pulses,
Fruits & Vegetables
Geographical Analysis:

Geographically, the world pyrethroid market is fragmented into North America, Asia-Pacific, Latin America, Europe and Middle East and Africa. The Asia-Pacific region owns most of the world market, followed by Europe and North America. The Asia-Pacific market is growing at a very high rate due to the increase in disposable income, population growth and food security. The European market will grow at a fairly static rate due to strong government control of the harmful effects of chemical products. Asia-Pacific is the largest market for oilseed crops and legumes, followed by the European region.

Important Market Players:

FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd., BASF SE and Adama agricultural solutions are the chief companies of Global Pyrethroid market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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