Pyrethroid Pesticide Market to Grow with a CAGR of 4.92% through 2029
Increasing Preference for Sustainable Products and a supportive
regulatory environment are the major drivers for the Global Pyrethroid
Pesticide Market.
According to TechSci Research report, “Pyrethroid
Pesticide Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Pyrethroid Pesticide Market was valued at USD 3.58 billion in 2023 and will see an impressive growth in the
forecast period at a CAGR of 4.92% to 2029. This can be attributed to the awareness among
individuals regarding Pyrethroid Pesticide which has led to a favorable market.
As
awareness of the importance of pest management in agriculture grows, farmers
and agricultural stakeholders become more knowledgeable about the risks posed
by pests and the potential impact on crop yields and quality. Increased
education and training programs on pest identification, monitoring, and control
methods raise awareness of the need for effective pest management solutions,
including pyrethroid pesticides.
Growing awareness of the diversity and severity of
pest threats helps farmers recognize the importance of proactive pest
management strategies. Insect pests can cause significant economic losses by
damaging crops, reducing yields, and compromising food security. Awareness
campaigns and extension services highlight the importance of timely pest
control interventions to mitigate the impact of pest infestations on
agricultural productivity. Awareness of the environmental and economic
consequences of pest damage encourages farmers to adopt integrated pest
management (IPM) approaches that prioritize sustainable and cost-effective pest
control methods. Pyrethroid pesticides, when used as part of an IPM program,
offer effective and affordable solutions for managing insect pests while
minimizing adverse effects on non-target organisms and ecosystem health.
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In November 2023, FMC introduced Ethos Elite LFR, a
novel crop protection product blending a proven pyrethroid insecticide,
bifenthrin, with two exclusive biological strains, Bacillus velezensis strain
RTI301 and Bacillus subtilis strain RTI477. This premix solution offers broad-spectrum
control against early-season diseases and soilborne pests, supported by
research findings and FMC's established expertise.
Trade barriers and supply chain
disruptions represent significant challenges in the Global Pyrethroid Pesticide
Market. These challenges can arise from various factors and have implications
for manufacturers, distributors, and end-users of pyrethroid pesticides. Trade
disputes, geopolitical tensions, and protectionist policies can result in the
imposition of tariffs, quotas, or other trade barriers on pyrethroid pesticides
and related agricultural inputs. Tariffs increase the cost of imported
pesticides, making them less competitive in foreign markets and potentially
limiting market access for exporters. Pyrethroid pesticides are subject to
regulatory approval and registration in each country or region where they are
sold and used. Divergent regulatory standards, approval processes, and
registration requirements can create administrative burdens and delays for
manufacturers seeking to market pyrethroid products internationally, leading to
supply chain disruptions and market entry challenges. Supply chain disruptions
can occur due to logistical constraints, transportation bottlenecks, and rising
transportation costs associated with the movement of raw materials,
intermediate products, and finished goods across global markets. Delays in
shipping, port congestion, and disruptions to air and sea freight services can
disrupt supply chains and impact product availability and delivery schedules.
The Global Pyrethroid Pesticide Market is segmented
into Type, Application, regional distribution, and company.
Based on its Type, Global Pyrethroid Pesticide Market
is segmented into Cypermethrin, Deltamethrin, Cyfluthrin, Fenvalerate,
Tetramethrin, and others. Cypermethrin is a synthetic pyrethroid insecticide
widely used in agriculture, public health, and residential settings for the
control of insect pests. It belongs to the pyrethroid class of pesticides,
which are synthetic derivatives of natural pyrethrins found in chrysanthemum
flowers. Cypermethrin works by disrupting the nervous system of insects,
primarily targeting sodium channels in nerve cells. This disrupts the normal
function of the nervous system, leading to paralysis and eventual death of the
insect. Cypermethrin exhibits broad-spectrum activity against a wide range of
insect pests, including mosquitoes, flies, cockroaches, ants, beetles, moths,
aphids, caterpillars, and other agricultural pests. It is effective against
both flying and crawling insects. Cypermethrin can be effective through contact
and ingestion by insects. Upon contact with the insect's body or ingestion of
treated plant material, cypermethrin is absorbed through the insect's cuticle
or digestive system, leading to its toxic effects.
Based on region, North America is dominating the
market. North America is home to leading agricultural research institutions,
universities, and private companies investing in the research and development
of crop protection products, including pyrethroid pesticides. This focus on
innovation drives the introduction of new formulations and solutions tailored
to the region's specific pest and crop challenges. North American farmers and
agricultural professionals have developed effective pest management programs
that integrate various pest control methods, including chemical, biological,
and cultural practices. Pyrethroid pesticides are often a key component of
these integrated pest management programs, contributing to their widespread use
and market dominance. North America encompasses a wide range of agro-climatic
conditions, from temperate regions to subtropical areas, supporting the
cultivation of a diverse array of crops. The need for pest control solutions
varies across these regions, and pyrethroid pesticides offer versatility and
effectiveness against a broad spectrum of pests encountered in different
agricultural settings.
Major companies operating in Global Pyrethroid
Pesticide Market are:
- FMC Corp.
- Syngenta Group Co Ltd
- BASF Corp.
- Bayer CropScience AG
- Dow AgroSciences LLC
- Gharda Chemicals Ltd
- Meghmani Organics Ltd
- Atul Ltd
- Tagros Chemicals India
- UPL Limited
- Bharat Group
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“Pyrethroid Pesticide Market remains a significant
segment within the broader agricultural chemical industry. Pyrethroid
pesticides, derived from synthetic compounds inspired by natural pyrethrins,
continue to be widely used for their effectiveness in controlling a broad
spectrum of insect pests in agriculture, public health, veterinary medicine,
and residential settings.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Pyrethroid Pesticide Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Type (Cypermethrin, Deltamethrin,
Cyfluthrin, Fenvalerate, Tetramethrin, others), By Application (Plant
Protection, House Insecticide), By
Region, and By Competition”, has evaluated the future growth
potential of Global Pyrethroid Pesticide 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 Pyrethroid Pesticide Market.
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