Latin America Pyrethrin Market

Latin America Pyrethrin Market Size, Growth, Trends and Forecast:

The Latin America 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 that are obtained from dried flowers of pyrethrum daisy. As pyrethrins are decomposable and have less impact on human health and the environment, they are used over conventional insecticides like organochlorides and organophosphates. Pyrethrums, the raw material used to get pyrethrins, are 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 Latin America Pyrethrin Market:

The key factors propelling the Latin American pyrethrin market are the increasing demand for hygienic products by households, combined with the rising Latin American 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 Latin American market. Also, pyrethrin is very sensitive to sunlight, heat, and moisture which limits its use in the farming sector.

The Latin America Pyrethrin Market is segmented and sub-segmented into the following categories:

Latin America Pyrethrin Market - By Type:

• Pyrethrin 1
• Pyrethrin 2

Latin America Pyrethrin Market - By Pest Type:

• Lepidoptera
• Sucking Pests
• Coleoptera
• Diptera
• mites
• Others

Latin America Pyrethrin Market - By Applications:

• Household
• Crop protection
• Commercial and Industrial
• Animal health
• Public health applications

The Market is Geographically divided into:

Latin America:

• Mexico
• Brazil
• Argentina

The Latin America Pyrethrin is projected to show significant growth during the forecast period due to the presence of developing countries.

Key Players:

• Sinclair Animal & Household Care Ltd (Gainsborough, U.K.)
• Botanical Resources of Australia (Tasmania, Australia)
• Horizon Sopyrwa (Rwanda, Africa)
• Beaphar UK (Haverhill, U.K.)
• Elanco (Indiana, U.S.)