Global Deltamethrin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Deltamethrin is a pyrethroid ester insecticide and is widely used for the production of long-lasting insecticides nets in controlling malaria vectors. Deltamethrin is constructive against insects nets which includes orthoptera, aphids, psylla, heteroptera, lepidoptera, and diptera. Moreover, Deltamethrin is commonly used in agriculture to protect crops from insects and increase production.
Market Overview:The latest research study on the global Deltamethrin market finds that the global Deltamethrin market reached a value of USD 150.13 million in 2022. It’s expected that the market will achieve USD 197.7 million by 2028, exhibiting a CAGR of 4.69% during the forecast period.
Intermediates are in short supply
Intermediate is an important link in the industrial chain of deltamethrin. Its high difficulty in synthesis and complex technological process constitute an important technical barrier to deltamethrin production, and its supply and price directly affect the price and profit of the terminal deltamethrin products. With the impact of COVID-19 epidemic on various industries and the strict blockade and restriction measures of governments around the world, the deltamethrin market has also been impacted to a certain extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain. Fluctuations in raw material prices will have a negative impact on the industry.
Demand growth in agricultural use
Agriculture is a huge industry, which plays a vital role in maintaining a country's economy. Global demographic trends are driving the need for higher agricultural yields. World population growth, coupled with rising incomes, are leading to increasing consumption of higher-quality foods. As a result of these forces, the agricultural industry must increase its productivity and crop yields.
Rise in agricultural productivity is achieved by the use of high-yield varieties of seeds, advanced irrigation technologies, and agricultural chemicals such as insecticides. According to the FAO, there would be a considerable economic loss globally, without the use of insecticides. Severe infestation of insects, particularly in the early stage of crop establishment, ultimately accounts for a yield reduction. Deltamethrin insecticides are helpful in providing both economic and labor benefits, thereby resulting in a lower crop loss, increasing use in agriculture and promoting market development.
Strict government regulations
Deltamethrin contaminates the soil when applied to crops. Stringent government regulations pertaining to the use of pesticides is anticipated to restrain the growth of global deltamethrin market in the upcoming years. Wildlife protection agencies and environment protection regulations are also expected to affect the growth of global deltamethrin market in the forecast period. The major players in the global deltamethrin market are opting for product development to meet the standards according to the governmental regulations.
Region Overview:In 2022, the share of the Deltamethrin market in North America stood at 33.89%.
Company Overview:Bayer Crop Science is one of the major players operating in the Deltamethrin market, holding a share of 72.79% in 2023.
Bayer Crop Science
Bayer Crop Science is a company focusing on seeds, crop protection, and non-agricultural pest control. It develops genetically modified crops and pesticides. The company uses software tools that integrate data from farm equipment, satellites, field sensors, irrigation systems, drones, and other input sources to empower farmers to make decisions through data science and predictive analytics.
Jiangsu Yangnong Chemical
Jiangsu Yangnong Chemical Co., Ltd. is a China-based company principally engaged in the manufacture, processing and distribution of agricultural chemical products. The Company's primary products include pesticides, herbicides and fungicides, such as permethrin, transfluthrin, cypermethrin emulsifiable concentrates, suspending agents, deltamethrin, emulsifiable concentrates and drip solutions, among others. The Company mainly distributes its products in domestic and overseas markets.
Segmentation Overview:Among different product types, Deltamethrin EC segment is anticipated to contribute the largest market share in 2028.
Deltamethrin is a pyrethroid insecticide that kills insects on contact and through digestion. Formulations include deltamethrin emulsifiable concentrate (EC), deltamethrin wettable powder (WP), deltamethrin suspension concentrate (SC) and deltamethrin ultra low volume (ULV).
Application Overview:By application, the Agricultural Use segment occupied the biggest share from 2018 to 2022.
Agricultural Use
Deltamethrin is the world's most effective synthetic pyrethroid insecticide for use in agriculture, being photo stable. It is nonsystemic insecticide which acts by contact and ingestion, and exhibiting a broad-spectrum control of chewing and sucking insects.
Public and Household
Deltamethrin has been registered for use on areas such as golf courses, ornamental gardens, lawns, outdoor perimeter treatments, indoors as spot and crack and crevice treatments, and pet collars.
Key Companies in the global Deltamethrin market covered in Chapter 3:Bharat Group
Nanjing Red Sun
Jiangsu Changqing Agrochemical
Jiangsu Yangnong Chemical
Sinon Chemical (China)
Gharda Chemicals
Bayer Crop Science
Meghmani
In Chapter 4 and Chapter 14.2, on the basis of types, the Deltamethrin market from 2018 to 2029 is primarily split into:Deltamethrin EC
Deltamethrin WP
Deltamethrin SC
Deltamethrin ULV
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Deltamethrin market from 2018 to 2029 covers:Agricultural Use
Public and Household
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)