Pyrethroids Market to Grow with a CAGR of 4.26% Globally through 2029
Surge in research and development activities is expected to drive the Global
Pyrethroids Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Pyrethroids
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the Global Pyrethroids Market stood at USD3.14 billion in 2023 and is anticipated to grow with a CAGR of 4.26% in the forecast
period, 2025-2029. Initiatives taken by government based on pyrethroids has led
to favorable market conditions for the Global Pyrethroids Market. Several
factors contribute to the growth of various pyrethroids products.
Government bodies, such as the Environmental
Protection Agency (EPA) in the United States, have recognized and acknowledged
the significant ecological risks associated with the use of pyrethroids and
pyrethrins. These synthetic insecticides have raised concerns due to their
potential harm to aquatic organisms and the overall impact on the environment.
In response to these concerns, the EPA has been actively reviewing and revising
ecological risk mitigation measures for these chemicals, aiming to strike a
balance between effective pest control and minimizing adverse effects on
ecosystems. The outcomes of these revisions could potentially have far-reaching
implications for the usage of pyrethroids and, in turn, influence the dynamics
of the pyrethroids market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Pyrethroids Market”
Research and development activities, with their
paramount importance, play a vital role in the pyrethroids market. They not
only aid in the creation of new products but also drive future product innovation,
ensuring continuous advancements in the field. Furthermore, these activities
contribute significantly to the understanding and mitigation of potential risks
associated with pyrethroids use, thus promoting safer and more sustainable
practices.
The Global Pyrethroids Market is segmented into type,
crop type, regional distribution, and company.
Based on its type, the cypermethrin segment held the
largest market share in the forecast period. With its remarkable versatility in
effectively controlling diverse pests, cypermethrin has become an exceptionally
attractive choice for a wide range of applications. Not only does it exhibit
impressive efficacy against a broad spectrum of insects such as aphids, fleas,
ticks, and mites, but it has also emerged as a preferred option for pest
control due to its outstanding performance.
Moreover, cypermethrin stands out for its remarkable
attributes, including its low toxicity to mammals and its biodegradability.
These qualities align perfectly with the current global trends that emphasize
the importance of environmentally responsible pest control solutions. By opting
for cypermethrin, industries can contribute to a more sustainable approach to
pest management.
Based on region, Asia Pacific segment is expected to
grow during the forecast period. In many parts of Asia, the tropical and subtropical
climate provides highly favorable conditions for various pests, particularly
Lepidoptera. As a result, the extensive use of pyrethroids has become necessary
to combat these pests effectively. Moreover, the increasing focus on maximizing
agricultural productivity to meet the demands of a rapidly growing population
in the region has emerged as another significant factor driving the growth of
pyrethroid usage. The cost-effectiveness of pyrethroids compared to other
insecticides also aligns perfectly with the budget considerations of small and
medium-sized farmers, who play a crucial role in the agricultural sector of
Asia.
Furthermore, the implementation of supportive policies
by regional governments to encourage the adoption of pyrethroids has further
contributed to the favorable market growth in this region. This combination of
factors has created an environment where pyrethroids are not only essential but
also have a significant impact on the agricultural landscape in Asia.
Major companies operating in Global Pyrethroids Market
are:
·
Bayer AG
·
Adama Agricultural Solutions Ltd
·
BASF SE
·
DuPont de Nemours Inc.
·
The Dow Chemical Company
·
FMC Corporation
·
Nufarm Ltd
·
Sumitomo Chemical Co.
·
UPL (United Phosphorus Limited)
·
Syngenta AG
Download Free Sample Report
Customers can also request for 10%
free customization on this report
“Manufacturers are investing in technological
advancements to improve the efficacy and longevity of pyrethroid formulations.
This includes the development of microencapsulated and controlled-release
formulations that enhance insecticide persistence and efficacy, reducing the
frequency of application and minimizing environmental exposure.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global Pyrethroids Market By Type
(Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin,
Lambda-Cyhalothrin, Others), By Crop
Type (Cereals & Grains, Oilseeds & Pulses,
Fruits & Vegetables, Others), By
Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated
the future growth potential of Global Pyrethroids Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Pyrethroids Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com