Middle-East and Africa Pyrethroid Market has been estimated at USD 0.61 Billion in 2021 and is projected to reach USD 0.81 Billion by 2026, at a CAGR of 5.14% during the forecast period from 2022 - 2027.
A pyrethroid is an organic compound which is a synthetic analog of pyrethrins, which are widely used against number of insects including household arthropods. It acts as a nervous toxin and leads to paralysis and eventual death of the targeted insects. They have become one of the oldest and most widely used insecticides.
Middle-East and Africa Pyrethroid Market Drivers:
The market for Pyrethroid in Middle-East and Africa region is mainly driven due to factors like high potency and effectiveness, which has earned pyrethroids the position of the preferred ingredient in household and industrial insecticides. But, the market growth may decline due to supply constraints caused due to its natural origin.
Middle-East and Africa Pyrethroid Market – By Active Ingredient Type:
Middle-East and Africa Pyrethroid Market – By Crop Type:
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.
Geographically, Middle-East and Africa market for Pyrethroid is segmented Middle-East region and Africa region. With emerging economies of this region being the major consumers of pyrethroid insecticides for application in various cereal and grain crops, many companies are showing interest to expand their business in this region, as they find a great scope for profits.
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 Middle-East and Africa Pyrethroid market.
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