Pyrethroids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Pyrethroids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global pyrethroids market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.49% during 2023-2028.

Pyrethroids are synthetic modifications of naturally occurring pyrethrin which is extracted from Chrysanthemum flowers. They are primarily used to kill insects such as mosquitos, flies, ants, moths and farm pests. They have similar properties to pyrethrin but are not sensitive to sunlight. They have low toxicity to mammals or birds and are administered in small quantities to kill bugs and flying insects. They are widely used as household insecticides and have a short shelf life with biodegradable properties. Pyrethroids are used in the form of wet powders, granules, emulsifying concentrates and ultra-low volume (ULV) sprays.

Extensive application of pyrethroids across agriculture and residential sectors is the key factor driving the market growth. With the growing population and diminishing farmlands, novel farming practices are being adopted by farmers across the world for improved yield. Consequently, pyrethroids are being widely adopted in the agriculture and allied sectors. They serve as a cost-effective alternative to the conventionally used insecticides. Furthermore, to compete with the synthetic variants, manufacturers are focusing on enhanced production and more efficient distribution of pyrethroids. Additionally, since they are less toxic to mammals and birds, these insecticides are constantly replacing organophosphates, which are conventionally used on vegetables including carrots and lettuce. Moreover, these insecticides are known for their high potency and extreme effectiveness. Owing to this, there is an increasing demand for pyrethroids in cloth treatment and mosquito control across residential and industrial sectors, which is projected to catalyze the growth of the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pyrethroids market report, along with forecasts at the global and regional level from 2023-2028 Our report has categorized the market based on product type, crop type and pest type.

Breakup by Product Type:

Bifenthrin 
Deltamethrin
Permethrin
Cypermethrin
Cyfluthrin
Lambda-Cyhalothrin
Others

Breakup by Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others

Breakup by Pest Type:

Lepidoptera
Sucking Pests
Coleoptera
Diptera
Mites
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BASF, Bayer CropScience, Corteva Agriscience, Nufarm, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Arysta Lifescience, Cheminova, FMC, Monsanto, Shanghai Mingdou Agrochemical, Adama Agricultural Solutions Ltd, etc.

Key Questions Answered in This Report:

What is the market size for the global pyrethroids market 2022?

What is the global pyrethroids market growth 2023-2028?

What are the global pyrethroids market drivers?

What are the key industry trends in the global pyrethroids market?

What is the impact of COVID-19 on the global pyrethroids market?

What is the global pyrethroids market breakup by product type?

What is the global pyrethroids market breakup by crop type?

What is the global pyrethroids market breakup by pest type?

What are the major regions in the global pyrethroids market?

Who are the key companies/players in the global pyrethroids market?