Global Pyrethroids Market was valued at US$ 3781.9 million in 2021, According to Pyrethroids Market Report, by Product Type (Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin and Others), by Crop Type (Crop Based (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others) and Non-crop Based (Turfs, Ornamentals, Others)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights
Global pyrethroids market was valued at US$ 3781.9 Million in 2021. Pyrethroids market is expected to register a CAGR of 5.18 % over the forecast period (2022–2030), to reach US$ 5942.8 Million by 2030.
Pyrethroids are safer for humans as compared to organophosphates as mammals have extensive enzyme systems that are capable of metabolizing and detoxifying pyrethroids. They are widely used to control insect pests, such as ants, fleas, termites, bed bugs. The pyrethroid is effective and low cost insecticide for commodity crops, specialty crops, controlling fire ant quarantine in many crops, and nursery plants, controlling pests such as mosquitoes, flies, ticks that transfer pathogens of diseases, such as Zika, Lyme, and West Nile to humans, livestocks, and pets is driving the growth of global pyrethroid market.
A wide variety of application of permethrin as an insecticide for crop protection, killing livestock parasites, preventing insect attacks on woolen products, disinfection in the aviation industry, and treating head lice is expected to propel its demand in the market. Furthermore, it is used as insect repellent in timber and pet flea preventative treatments and in mosquito repellent and military clothing.
A large volume of pyrethroids companies felt the impact of the COVID-19 pandemic in multiple dimensions and are now emphasizing sustained growth over the long-term future. As the global pyrethroids and other chemicals industries play a vital role in the economic recovery of countries, pyrethroids companies are likely to witness potential opportunities in the short term period.
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https://www.coherentmarketinsights.com/market-insight/pyrethroids-market-1004
Browse 50 market data tables* and 40 figures* on "Global Pyrethroids Market” - Forecast to 2030.
Key Trends and Analysis of the Global Pyrethroids Market:
- Among regions, Asia Pacific accounted for a significant market share of 35% in 2021. This is attributed to the growing demand for insecticides in agriculture. The growing demand for food grains due to increasing population has resulted in increasing demand for pyrethroids in order to improve crop yield.
- According to Coherent Market Insights in 2021, among crop types the crop based segment held a dominant position in 2021 and is expected to maintain its dominance throughout the forecast period. Pyrethroids are used as insecticides for protecting cereals and grains, oilseeds and pulses, fruits, and vegetables, owing to their low input cost.
Key Takeaways of the Global Pyrethroids Market:
- According to Coherent Market Insights in 2021, among product type, Bifentrin segment held largest revenue share of 35% in the global pyrethroids market in 2021. This can be associated as Bifentrhin is widely used in agricultural and residential sector, owing to its lethal efficiency against several pests such as red fire ants, moths, beetles, moths, mites, and spiders. Furthermore, it is used in the textile industry to protect the textiles from several insects.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the pyrethroids are key strategies adopted by players in the global pyrethroids market. For instance, in April 2021, Nufarm, an Australian agricultural chemical company launched a new horticulture insecticide namely Danitol. Danitol is a Group 3 pyrethroid insecticide that controls pests from several different families of insects. Unlike other synthetic pyrethroids, Danitol does not flare up mites. It is also registered to control a variety of insects in bushberry, caneberry, cucurbits, fruiting vegetables, stone fruit, pome fruit, succulent peas and tree nuts.
