Pyrethroids Market
Pyrethroids are synthetic analogues of naturally occurring pyrethrins, which are found in chrysanthemums. Pyrethroids are found in many consumer garden and home pesticides for treating problems with caterpillars, ants, mosquitoes, garden worms, spiders, wasps, aphids cockroaches, and other insect infestations. They have been approved for use by many government regulatory agencies such as the U.S, EPA, and EU regulatory authorities.
Market Dynamics
According to the Pyrethroids Working Group in 2021, an alliance of the pesticide industry to ensure that its products are used as per intended and approved use, the use of pyrethroids has been approved in nearly 80 economies globally. The broad range of applications of pyrethroids in products for vector control (e.g. mosquitoes), agricultural, stored grain, animal health, garden and home, and ornamentals, and turfs market is highly responsible for the growth of the pyrethroids market.
Various advantage associated with use of pyrethroids, as it provides high stability in sunlight and requires less quantity and increasing demand for food, owing to rapidly growing population is expected to support growth of the global market over the forecast period. In addition, depleting arable land and growing focus on increasing productivity and extensive application of pyrethroids across agriculture and residential sectors is the key factor driving the market growth. With the growing population and diminishing farmlands, novel farming practices are being adopted by farmers across the world for improved yield. Consequently, pyrethroids are being widely adopted in the agriculture and allied sectors. They serve as a cost-effective alternative to the conventionally used insecticides, is expected to fuel the market over the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Detailed Segmentation:
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