Global Pyrethroids Market Report and Forecast 2024-2032

Global Pyrethroids Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global pyrethroids market is projected to grow at a CAGR of 4.6% between 2024 and 2032 reaching a value of approximate USD 5.25 billion by 2032. Aided by growing application of pyrethroids in agriculture and residential sectors and cost effectivity, the market is expected to grow significantly by 2032.

Pyrethroids are synthetic chemical compounds, modelled after pyrethrins, which are naturally derived from chrysanthemum flowers. Celebrated for their efficacy as pest control agents, pyrethroids have established themselves as primary tools in both domestic and agricultural settings. Their unique attribute is the fast-acting nature and low toxicity to humans and animals, which has catapulted them to the forefront of insecticidal solutions worldwide.

Integrated pest management (IPM) practices promote the use of pyrethroids due to their lower environmental impact. As the world leans towards sustainable agricultural practices, the role of pyrethroids as effective insecticides that can be integrated into organic farming regimens gains prominence. Moreover, the versatility of these compounds, available in various formulations – from sprays to impregnated materials – amplifies their usage.

This burgeoning pyrethroids market growth finds its roots in the agricultural sector's need to protect crops from an array of pests, without resorting to environmentally harmful chemicals. With the global population on the rise, ensuring crop yield and protection becomes paramount. Here, pyrethroids step in as the champions, assisting farmers to shield their crops from pests effectively, while maintaining an eco-friendly profile.

The scope of pyrethroids, however, extends beyond just agriculture. Based on pyrethroids market analysis pyrethroids are instrumental in public health programs aimed at controlling vector-borne diseases. Malaria, dengue, and zika, diseases transmitted by mosquitos, have been managed better with pyrethroids-impregnated bed nets and indoor residual sprays.

Moreover, the residential sector is supporting the pyrethroids market demand, as a result of rising awareness about home pest control solutions. With products like mosquito coils, sprays, and electric mats, households are now better equipped to tackle nuisance pests without compromising on safety.

The research and development wings of companies in the pyrethroids sector are continuously seeking newer, more effective compounds and formulations. This ensures that the evolving resistance of pests can be combated effectively, ensuring that pyrethroids remain a top choice for various applications.

Pyrethroid’s pivotal role in ensuring food security, protecting public health, and serving residential needs ensures rise in pyrethroids market size in coming years. As technology progresses and more sustainable solutions become the norm, pyrethroids, with their myriad applications and proven efficacy, will undoubtedly continue to dominate the insecticides market landscape.

Market Segmentation

The market can be divided based on product type, crop type, pest type, and region.

Market Breakup by Product Type

• Bifenthrin
• Deltamethrin
• Permethrin
• Cypermethrin
• Cyfluthrin
• Lambda-Cyhalothrin
• Others

Market Breakup by Crop Type

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others

Market Breakup by Pest Type

• Lepidoptera
• Sucking Pests
• Coleoptera
• Diptera
• Mites
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pyrethroids market. Some of the major players explored in the report by Expert Market Research are as follows:

• BASF SE
• FMC Corporation
• Bayer CropSciene Limited
• Syngenta
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.