The Asia Pacific Pyrethrin Market was worth USD xx million in 2021 and is estimated to be growing at a CAGR of xx%, to reach USD xx million by 2026.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the fertilizers industry. Pyrethrins are a bunch of naturally found insecticides which are obtained from dried flowers of pyrethrum daisy. As pyrethrins are decomposable and have less impact on human health and environment, they are used over conventional insecticides like organochlorides and organophosphates. Pyrethrums, the raw material used to get pyrethrins, is found in countries like Kenya, Rwanda, Tanzania, Papua New Guinea, Italy, Brazil, Morocco, and Tunisia. Other than agricultural use, pyrethrins find their major use in veterinary pharmaceuticals, domestic pest control, animal nutrition, timber protection, and disease control.
Drivers and Restraints of Asia Pacific Pyrethrin Market:
The key factors propelling the Asia Pacific pyrethrin market are the increasing demand for hygienic products by households, combined with the rising Asia Pacific population and changing lifestyle. Moreover, owing to its natural origin, pyrethrin is highly demanded in the industrial as well as household sectors. As pyrethrin is found naturally in nature, there is a major constraint for manufacturers which poses as a key restraint of the Asia Pacific market. Also, pyrethrin is very sensitive to sunlight, heat, and moisture which limits its use in the farming sector.
Asia Pacific Pyrethrin Market - By Type:
Asia Pacific Pyrethrin Market - By Pest Type:
Asia Pacific Pyrethrin Market - By Application:
The Market is Geographically divided into:
On the basis of geography, the Asia Pacific market is analysed under the regions namely India, China, Japan and South Korea. The Asia Pacific Pyrethrin Market is expected to hold the top position in terms of CAGR for the coming years because of rapidly developing countries like China and India.
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