The global pyrethroids market to grow at a CAGR of around 4% during the forecast period (2021-2026). Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Pyrethroids are synthetic variations of naturally occurring pyrethrins, which are obtained from chrysanthemum cinerariaefolium flowers. They exhibit similar properties to pyrethrins but are less toxic to mammals and birds, owing to which they are utilized in veterinary medicines. Other than this, they are also used as pesticides and household insecticides on account of their low mobility in soil, water solubility and volatility. They are widely available in the form of emulsifying concentrates, wet powders, granules and ultra-low-volume (ULV) sprays.
Global Pyrethroids Market Trends:
The growing population and inflating income levels have led to an increase in the consumption of food across the globe. However, owing to a decrease in the arable land, farmers around the world are employing pesticides for enhancing crop yield, which in turn is driving the global pyrethroids market growth. Moreover, due to their low toxicity and cost-effectiveness, pyrethroids are considered as an alternative to organophosphates. Furthermore, they are extensively used as mosquito repellents, which is anticipated to impel the market growth in the future.
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Some of the major players operating in the industry include BASF SE (BASFY), BAYER CROPSCIENCE (BAYERCROP.NS), Dow AgroSciences, Nufarm, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Arysta Lifescience, Cheminova, DuPont de Nemours, Inc. (DD), FMC, Monsanto, Shanghai Mingdou Agrochemical, Adama Agricultural Solutions Ltd, etc.
Pyrethroids Market Segmentation:
Market Breakup by Product Type:
Market Breakup by Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Market Breakup by Pest Type:
Market Breakup by Region:
Middle East and Africa
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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