Pyrethroid market Growth at CAGR of 5.5%, 2018-2023 - Latest Challenges and Trends – major key players FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd

Global Pyrethroid market Overview

Pyrethroids are synthetic insecticides similar to pyrethrins found naturally in chrysanthemum flowers. They are a special chemical class of active ingredients which are related to pyrethrins and resemble them in insecticidal properties. They have a peculiarly short life and biodegrade immediately in the presence of sunlight due to high light sensitivity. It acts as a nervous toxin and leads to paralysis and eventual death of the targeted insects, due to which it has become the most widely used insecticides around the globe.

 

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The market growth for Global Pyrethroid market is mainly driven due to need to increase crop yield and efficiency. Also, the fact that Pyrethroid is one of the safest insecticides is also aiding market growth. The market growth may decline due to factors like issues over product labeling, popularity of bio-insecticide products, and supply constraints due to its natural origin.

 

Global Pyrethroid market Forecast Report (2018-2023)

Global Pyrethroid market has been estimated at USD 5.4 Billion in 2018 and is projected to reach USD 7.06 Billion by 2023, at a CAGR of 5.5% during the forecast period from 2018 to 2023. 

 

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Global Pyrethroid market Segmentation

Global market for Pyrethroid is segmented based on Active ingredient type and Crop type. By Active ingredient type, the market is further sub-segmented into Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-cyhalothrin and other types. By Crop type, the market is further sub-segmented into Cereals & grains, Oilseeds & Pulses, Fruits & vegetables and 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.

 

Geographically, Global market for Pyrethroid is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. Asia-Pacific region holds the largest share of the global market, followed by Europe and North America. Asia Pacific market is growing at very high rate, due to rising disposable income levels, rising population and food security. The European market would grow at a rather static pace, due to strong government control over the harmful effects of chemicals. Asia-Pacific is the largest market for oilseed crops & pulses, followed by the European region.

 

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Major Players: 

The major companies dominating this market for its products and services are

FMC Corporation,
Bayer Crop Science AG,
Monsanto,
Dow Agro Sciences,
United Phosphorus Limited,
Sumitomo Chemical, Co. Ltd.,
Syngenta AG,
Nufarm Ltd.,
BASF SE
Adama agricultural solutions
 

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