Pyrethroids Market is Expected to Grow at A Stable CAGR During the Forecast Period (2023-2031)

Pyrethroids Market Overview:
Global pyrethroids market share anticipated to reach USD 5,495.79 Million by 2031, growing at a CAGR of 6.0% from 2023 to 2031. Increasing demand for effective and low-toxicity insecticides across agriculture and public health sectors. Wide range of applications, including crop protection against pests like beetles, moths, and flies, and public health vector control for mosquitoes and other disease-carrying insects.
The pyrethroids market, encompassing synthetic derivatives of naturally occurring pyrethrins found in chrysanthemum flowers, holds significant value in the global insecticide industry. This report delves into the market’s key aspects, analyzing drivers, restraints, pyrethroid market opportunities, key players, segmentation, regional analysis, and recent developments.
Pyrethroids Market Regional Analysis:
Asia Pacific is the largest regional market, driven by high agricultural output and growing public health concerns.
North America and Europe have mature markets with stringent regulations impacting pyrethroids market growth.
Latin America and Middle East & Africa exhibit high growth potential due to increasing agricultural activities and rising disposable incomes.
Pyrethroids Market Drivers:
Rising global population and increasing food demand necessitate improved crop protection methods.
Growing awareness of public health concerns related to insect-borne diseases drives demand for vector control solutions.
Stringent regulations on conventional insecticides propel the search for safer alternatives, favoring pyrethroids due to their low mammalian toxicity.
Development of new formulations and application technologies enhances pyrethroid efficacy and convenience.
Pyrethroids Market Key Players:
Bayer AG
BASF SE
Sumitomo Chemical Co. Ltd.
Heranba Industries Ltd.
Aimco Pesticides LTD.
Rallis India Limited
Tagros Chemicals India Pvt Ltd
Gharda Chemicals Ltd
Bharat Group
FMC Corporation
Meghmani Organics Ltd
Hemani Industries Limited
Pyrethroids Market Segmentation:
By Type: Type I Pyrethroids (Allethrin, Tetramethrin, Resmethrin, D-phenothrin, Bioresmethrin, and Permethrin) and Type II Pyrethroids (Cypermethrin, Cyfluthrin, Deltamethrin, Cyphenothrin, Fenvalerate, and Fluvalinate)
By Application: Agricultural Pest Control, Mosquito Pest Control, and Others
By End-use: Agriculture, Residential, Commercial, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
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Pyrethroids Market is Expected to Grow at A Stable CAGR During the Forecast Period (2023-2031)