Latin America Pyrethroid Market

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

Latin America Pyrethroid market has been estimated at USD 0.85 Billion in 2021 and is projected to reach USD 1.05 Billion by 2026, at a CAGR of 6.50% during the forecast period from 2022 - 2027.

Pyrethroids insecticides are primarily used as broad spectrum household and industrial insecticides against bugs and flying insects. It is the key active ingredient in a variety of insecticide formulations. These products are low in toxicity to mammals and birds, and require very low doses to kill insects.

Latin America Pyrethroid Market Drivers:

The market for Pyrethroid in Latin America region is driven mainly due to demand for the new and various pyrethroids products with better yield of crops and quality products. Also, comparatively lenient norms and regulations against chemicals, in this region, is also driving the market growth. But, due to government regulations over the pricing of the products and also dosage, may restrict the market growth.

Latin America Pyrethroid Market Segmentation:

Latin America Pyrethroid Market - By Active Ingredient Type:

• Bifenthrin

• Deltamethrin
• Permethrin
• Cypermethrin
• Cyfluthrin
• Lambda-cyhalothrin
• Other Types

Latin America Pyrethroid Market - By Crop:

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

Based on Active ingredient type, Bifenthrin pyrethroids accounts for the largest share and followed by deltamethrin pyrethroids. Based on Crop Type, oilseed crops & pulses accounts for the largest share, followed by fruits & vegetables.

Geographical Analysis:

Geographically, Latin America market for Pyrethroid is segmented

• Brazil
• Argentina
• Mexico

Rising disposable income levels, rising population and food security is giving an opportunity for the companies to penetrate into this region, as they envisage a strong potential in the untapped markets of this 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 Latin America Pyrethroid market.