Growing awareness among farmers to increase productivity through the use of pesticides and insecticides will drive the sales of the pyrethroids market in the coming years.
Pyrethroid Market Scenario:
According to the research report published by DataM Intelligence, the Pyrethroids Market valued at USD XX billion in 2021, it is expected to reach USD XX billion by the end of 2029, growing at a CAGR of XX% during the forecast report 2022-2029.
Pyrethroids are very effective and safe. They are the least expensive of the insecticides used in malaria vector control and are the only class available for use on IBD. All types of IBD currently recommended by the WHO are treated with pyrethroids. The growing awareness of the effectiveness of pyrethroids for use in controlling a wide range of insects with minimal effect on humans, birds, and animals is the major driver for the growth of the pyrethroids market.
Moreover, the growing need for pest control in agriculture due to the quality and quantity issues of agricultural products is further driving the demand for pyrethroids across the globe. The growing population has increased the demand for food and cash crops.
Rapid photodegradation and high sensitivity to humidity and heat limit the effectiveness of pyrethroids in agriculture and other open space applications.
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Market Segmentation Analysis:
The global market is segmented by type and by end user. Based on type, in pyrethroid type 1, pyrethroid type 2 and fenpropathrin. Based on the end user divided into agricultural, pharmaceutical, industrial, residential and commercial and other buildings.
Overall, the market is divided into five major regions such as;
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
- Rest of the world
The massive use of pesticides in countries like China, India and Pakistan has made Asia-Pacific the main market for pyrethroids. Due to the increase in population and urbanization which results in an increase in food demand and a decrease in arable land per capita, the practice of precision agriculture is growing and the use of tools effective crop protection products increases the need for effective insecticides, thereby boosting the market. growth in this region.
Growing awareness among farmers about increasing productivity through the use of pesticides and insecticides will drive sales in the years to come.
Large companies :
Merck Group, Bayer AG, Sumitomo Chemical Co., Ltd., Syngenta AG, Heranba Industries Limited, Tagros Chemicals India Ltd., Nufarm, BASF SE, ADAMA Agricultural Solutions and FMC Corporation.
Why buy the report?
- Visualize the composition of the global pyrethroids market for each indication, in terms of type and end-user, highlighting major business assets and key players.
- Identify business opportunities in the global Pyrethroids Market by analyzing trends and co-development agreements.
- Excel data sheet with thousands of data points of Global Pyrethroids Market level 4/5 segmentation.
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- Product mapping in Excel for key products from all major market players
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