Global Deltamethrin Market - 2022-2029

Global Deltamethrin Market - 2022-2029

Market Overview

Deltamethrin market was valued at USD million in 2021. It is forecasted to reach USD million by 2029, growing at a CAGR of 3.5% during the forecast period (2022-2029). Deltamethrin is a pyrethroid ester insecticide. The long-lasting insecticidal mosquito nets that are made with deltamethrin serve a crucial part in eliminating malaria vectors. Still, bed bugs and mosquitoes are becoming increasingly resistant to the chemical. Deltamethrin is applied indoors and outdoors as a spot or crack and crevice treatment on lawns, ornamental gardens, golf courses, and other surfaces.

In its purest form, deltamethrin appears as odorless, colorless, or white to light beige crystals. They destroy various insects; deltamethrin is an ingredient in several products. The insecticide products such as aerosols, sprays, granules, dust specks, and wettable powders can be made with deltamethrin. The main factors driving the global market for deltamethrin are the development of cutting-edge and effective technologies, a rise in the need for domestic pest control, and a rise in government measures to raise agricultural productivity.

Market Dynamics:

Increasing use of insecticides products in agriculture

Due to a growing population that exceeds the world's food production, the agriculture sector experienced substantial expansion. The market for deltamethrin will be driven by the rising use of high-quality pesticides in agriculture during the forecast period. The Directorate of Plant Protection Quarantine & Storage statistical database shows that India consumed 58634 metric tonnes of chemical pesticides in 2016–17. That number is expected to increase by 6% to 62193 metric tonnes in 2020–21.

Moreover, the synthetic pyrethroid pesticide most commonly used in agriculture is deltamethrin. Deltamethrin works exceptionally fast to treat a wide number of different pests. It's a dual-action insecticide, meaning it gets to work immediately, either by touch or via ingestion. Deltamethrin kills targeted insects by interfering with and compromising the insect's central nervous system. Agricultural, domestic, and landscaping environments all allow for the usage of deltamethrin.

However, pyrethroids have higher toxicity levels than other pyrethrins, making them far more potent against insects. Many insect pests, including ants, spiders, fleas, cockroaches, flies, pantry pests, and numerous other insects with specific names, can be killed by deltamethrin. The greatest places to utilize deltamethrin are in agricultural settings like lawns, golf courses, parks, and even indoors.

On the other hand, the market for deltamethrin is being restrained by the rising demand for environmentally friendly products. The environment, especially aquatic life forms like fish and crabs, is severely harmed by it. Because it affects the nervous system, produces neurotoxins, and results in various negative side effects and fatalities, deltamethrin is also dangerous to people.

Market Segmentation:

Deltamethrin EC segment for the highest share in the global deltamethrin market

In 2021, the deltamethrin EC segment had the highest revenue share of more than percent. The rising demand for Deltamethrin EC drives the household, public, and agricultural markets. The Deltamethrin EC Market is driven by rising food consumption and declining arable land. Deltamethrin EC is a synthetic pyrethroid insecticide used to control insects on contact and through digestion. It is effective against a broad range of pests of cotton, rice, fruit, vegetables, tea, and tobacco with special effects. It propels the huge demand in agriculture, eventually driving the market for Deltamethrin during the forecast period.

In 2021, the liquid form segment had the highest revenue share of more than percent. One of the key factors fueling the market expansion is the rising demand for Deltamethrin liquid form from the non-agricultural sector. Over 1 billion pounds of conventional pesticides are used annually in the US to manage weeds, insects, and other pests, according to the US Department of the Interior. Additionally, compared to 2016–17, India's usage of chemical pesticides grew by 6% in 2020–21. As a result, the demand for Deltamethrin liquid will rise throughout the anticipated period due to the rising demand for pesticides.

Geographical Penetration:

Asia Pacific is the dominating region during the forecast period

In 2021, Asia Pacific had the highest revenue share of almost percent. In 2021, Asia Pacific had the highest revenue share of almost percent. A significant amount of agricultural production was attributed to the area. The region's market is expanding due to rising agricultural consumption and more farming brought on by the rising population. The Ministry of Agriculture & Farmers Welfare estimates that India would produce a record 316.06 million tonnes of foodgrains in 2021–22, up 5.32 million tonnes from the output of foodgrains in 2020–21. During the forecast period, the market for deltamethrin will be driven by the rising urbanization and sizable populations in nations like China, which has a population of 1.40 billion, and India, with 1.38 billion people.

Competitive Landscape:

The leading companies in the market for deltamethrin are Bayer CropScience AG, Virbac, Nufarm Limited, FMC Corporation, Heranba Industries Ltd., Pharma AS, Virbac, Tagros Chemicals India Ltd., Jiangsu Yangnong Chemical, Gharda Chemicals, and Sumitomo Chemicals among others. The main strategies players in the market use for deltamethrin include technology launches, acquisitions, and R&D initiatives. BioPhero ApS is a Denmark-based pheromone research and production company. The acquisition adds biologically produced state-of-the-art pheromone insect control technology to FMC's product portfolio and R&D pipeline, underscoring FMC's role as a leader in delivering innovative and sustainable crop protection solutions.

COVID-19 Impact:

Negative impact on the global deltamethrin market

The Covid-19 pandemic has impacted the global economy, directly affecting the agriculture supply chain and shutting down the production facilities to minimize the risk of virus spread. Due to the COVID-19 pandemic, the core industries such as the agriculture and nonagricultural sectors have been highly impacted. According to FAO, agricultural and farm work is exempt from travel restrictions because it is valued highly in many Asia Pacific nations. Compared to other industries, farmers were far less constrained in most Asia Pacific nations. Following the general trend, the economic constraints are now more geographically focused, and only roughly 50% of agricultural and farm workers are subject to them.

COVID-19 did, however, affect seasonal employees. Emergency travel restrictions significantly reduced the number of people working in agriculture and farming, particularly in Australia and New Zealand's horticulture farms. There has been a sharped decline in the revenue of the different industries. The government and private sectors are taking necessary action and working for the growth of development of different industries, which results in the boom of the deltamethrin market.

The global deltamethrin market report would provide an access to approximately 61 market data tables, 52 figures and 170 pages