The North America pyrethroid market was valued at USD 2.09 billion in 2023 and is anticipated to reach USD 2.19 Billion in 2024 from USD 3.16 billion by 2032, growing at a CAGR of 4.7% during the forecast period from 2024 to 2032.
Pyrethroids are a special chemical class of active ingredients which are related to pyrethrins and resemble them in insecticidal properties. They are very effective and degrade to harmless derivatives in the atmosphere within a week in sunlight. They are low in toxicity to mammals and birds and require very low doses to kill insects.
The market for North America Pyrethroid market is mainly driven due to its high potency and effectiveness that has earned pyrethroids the position of the preferred ingredient in household and industrial insecticides. Though, the market growth may decline due to over product labeling and popularity of bio-insecticide products.
U.S. tops the market share in this region. The growth of North America market is said to slowly rise with leading brands engaging in the production of pyrethroids, as it is considered to be a growing market in the agriculture industry.
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 North America Pyrethroid market.
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