Pyrethroid Market

Pyrethroid Market Size, Share, and Forecast 2026:

The pyrethroid market has been estimated at USD7.4 Billion in 2021 and is projected to reach USD 8.06 Billion by 2026, at a CAGR of 5.5% during the forecast period from 2022 - 2027. 

Pyrethroids are synthetic insecticides similar to pyrethrins found naturally in chrysanthemum flowers. They are a special chemical class of active ingredients that are related to pyrethrins and resemble them in insecticidal properties. They have a peculiarly short life and biodegrade immediately in the presence of sunlight due to high light sensitivity. It acts as a nerve toxin and leads to paralysis and eventual death of the targeted insects, due to which it has become the most widely used insecticide around the globe.

Pyrethroid Market Drivers:

The market growth for the Global Pyrethroid market is mainly driven due to the need to increase crop yield and efficiency. Also, the fact that Pyrethroid is one of the safest insecticides is also aiding the market growth. The market growth may decline due to factors like issues over product labeling, the popularity of bio-insecticide products, and supply constraints due to its natural origin.

REPORT COVERAGE:

Pyrethroid Market Segmentation:

Active ingredient type:

• Bifenthrin

• Deltamethrin
• Permethrin
• Cypermethrin
• Cyfluthrin,
• Lambda-cyhalothrin
• Other types

Crop type:

• Cereals & grains
• Oilseeds & Pulses
• Fruits & vegetables
• Other crop types

Pyrethroid Market Geographical Analysis:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle-East and Africa

Asia-Pacific region holds the largest share of the global market, followed by Europe and North America. Asia Pacific market is growing at a very high rate, due to rising disposable income levels, rising population, and food security. The European market would grow at a rather static pace, due to strong government control over the harmful effects of chemicals. Asia-Pacific is the largest market for oilseed crops & pulses, followed by the European region.

Key Players:

FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd., BASF SE, and Adama agricultural solutions are the major players of Global Pyrethroid market.