IMARC Group, a leading market research company, has recently released a report titled "Pyrethroids Market Report by Product Type (Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, and Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Pest Type (Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, and Others), and Region 2024-2032". The study provides a detailed analysis of the industry, including the pyrethroids market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global pyrethroids market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
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Factors Affecting the Growth of the Pyrethroids Industry:
- Increasing Demand for Food Production:
The escalating demand for food production across the globe is one of the major factors boosting the market growth. Besides this, the increasing population that puts immense pressure on the agricultural sector to increase crop yields, is favoring the market growth. In line with this, the growing demand for pyrethroids, as they are highly effective in controlling a broad spectrum of pests that threaten crop production, is acting as a growth-inducing factor. Furthermore, the rising trend towards sustainable agriculture, bolstering the demand for pyrethroids owing to their biodegradability and lower environmental impact compared to other chemical pesticides, is favoring the market growth.
- Rising Urbanization and Vector Control Programs:
The increasing urbanization across the globe, creating the need for effective vector control programs to manage insect-borne diseases, is contributing to the market growth. In line with this, the growing utilization of pyrethroids in public health initiatives to control mosquito populations and prevent the spread of diseases such as malaria, dengue, and Zika virus is providing thrust to the market growth. Moreover, they are favored for their rapid knockdown effect on insects and their residual activity, which provides long-lasting protection. Additionally, the growing challenge in urban environments with pest infestations in residential and commercial spaces is fueling the market growth.
- Rapid Technological Advancements in Formulation:
The rapid technological advancements in the formulation and application of pyrethroids are contributing to the market growth. Moreover, the rising innovations in microencapsulation that enhance the stability and efficacy of pyrethroid formulations are acting as a growth-inducing factor. It allows for the slow release of the active ingredient, providing extended protection against pests and reducing the frequency of applications. Furthermore, the rising advancements in application techniques, such as precision spraying and automated dispensing systems, that improve the efficiency and coverage of pyrethroid treatments are catalyzing the market growth. Additionally, the increasing research and development (R&D) efforts that focus on creating new pyrethroid molecules with improved potency and selectivity are expanding the market growth.
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Pyrethroids Market Report Segmentation:
By Product Type:
- Bifenthrin
- Deltamethrin
- Permethrin
- Cypermethrin
- Cyfluthrin
- Lambda-Cyhalothrin
- Others
Cypermethrin represented the largest segment due to its broad-spectrum efficacy and high demand in agricultural and non-agricultural pest control applications.
By Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Oilseeds and pulses accounted for the largest market share as these crops are highly susceptible to pest infestations, necessitating extensive use of pyrethroids for protection.
By Pest Type:
- Lepidoptera
- Sucking Pests
- Coleoptera
- Diptera
- Mites
- Others
Lepidoptera represented the largest segment, owing to the severe damage these pests cause to a wide variety of crops.
Regional Insights:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Asia Pacific’s dominance in the pyrethroids market is attributed to the region's extensive agricultural activities, rapid population growth, and increasing need for higher crop yields to ensure food security.
Global Pyrethroids Market Trends:
The increasing focus on organic and biopesticides, boosting the demand for pyrethroids that are derived from natural sources, such as chrysanthemum flowers, is contributing to the market growth. Additionally, rapid advancements in pyrethroid-resistant pest management strategies, encouraging the development of combination formulations and synergists that enhance the effectiveness of pyrethroids and mitigate resistance issues, are acting as a growth-inducing factor. Apart from this, the burgeoning integration of pyrethroids with digital agriculture technologies and precision farming tools, such as drones and satellite imagery, to optimize their application and ensure targeted and efficient pest control while minimizing wastage and environmental impact is fueling the market growth.
Top Companies Operated in Pyrethroids Industry:
- 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.
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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