Global Pyrethrin Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Pyrethrin 1 and Pyrethrin 2), Pest Type (Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites and Others), Application (Household, Crop Protection, Commercial and Industrial, Animal Health and Public Health Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industrial Analysis (2024 to 2029)

Updated On: June, 2024
ID: 6634
Pages: 175

Global Pyrethrin Market Size (2024 to 2029)

The global pyrethrin market size is expected to reach USD 62.8 million in 2023 and is to reach a valuation of USD 86.04 million by 2028, growing at a CAGR of 6.5% during the forecast period from 2023 to 2028.

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.

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

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.5%

Segments Covered

By Type, Pest Type, Application, and Region.

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.) and Others.

 

REGIONAL ANALYSIS

The global pyrethrin market was dominated by North America. The Asia Pacific is supposed to show the highest CAGR during the forecast period.

KEY MARKET 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.). are some of the major key players involved in the pyrethrin market.

DETAILED SEGMENTATION OF THE GLOBAL PYRETHRIN MARKET INCLUDED IN THIS REPORT

This research report on the global pyrethrin market has been segmented and sub-segmented based on the type, pest type, application, and region.

By Type

  • Pyrethrin 1
  • Pyrethrin 2

By Pest Type

  • Lepidoptera
  • Sucking Pests
  • Coleoptera
  • Diptera
  • Mites
  • Others

By Applications

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

By Region

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

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Frequently Asked Questions

what is the curent size of the global Pyrethrin Market?

The global pyrethrin market is worth USD 62.8 million in 2023.

Which regions in North America contribute significantly to the production of pyrethrin?

The Pacific Northwest region in North America, particularly the United States, contributes significantly to the production of pyrethrin, with the cultivation of Chrysanthemum cinerariaefolium.

Which specific crops in Asia-Pacific benefit the most from the application of pyrethrin?

Crops such as vegetables, fruits, and rice in Asia-Pacific benefit significantly from the application of pyrethrin.

what are the key factors of the global Pyrethrin Market?

The key factors propelling the global pyrethrin market are the increasing demand for hygienic products by households, combined with the rising global population and changing lifestyles.

who are the key market players involved in this market?

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.).

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