APAC Pyrethroid Market Is Expected To Be The Fastest Growing Region During Forecast Period 2021-2027

Precision Business Insights published a research report on "Pyrethroid Market: By Product (Deltamethrin, Bifenthrin, Permethrin, Cyfluthrin, Cypermethrin, Lambda-Cyhalothrin, Others) By Crop Type (Grains and Cereals, Fruits and Vegetables, Turf and Ornamental Plants, Pulses and Oilseeds) By Geography (Latin America, North America, Asia Pacific, The Middle East and Africa and Europe)- Global/Region/Country Forecast to 2027".

The global Pyrethroid Market was valued at USD 6.8 Billion in 2020 and is anticipated to grow at USD 10.02 Billion till 2027 recording a CAGR of 5.7 % during the forecast period 2021-2027.

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Increase in awareness about Crop Protection among Farmers will Bolster Pyrethroid Market
Pyrethroid contains pyrethrum class of pesticides. It is a special ingredient found in modern pesticides. If pyrethroid insecticides protected from sunlight, they can last in environment for a long time. There are several crucial factors that impel the pyrethroid market growth such as increasing awareness among farmers about crop protection, huge crop loss because of weeds, huge approval of products from U.S Environmental Protection Agency and growing population demanding for best quality food products. Furthermore, increasing cost of agriculture products, advancement in agriculture farming practices technology and growing demand for pyrethroid from chemicals and materials industry are projected to impel the pyrethroid market over the forecast period. On the other hand, harmful effects of pyrethroid and pending regulatory consents can hamper the pyrethroid market growth.

Pyrethroids have several advantages to provide. It is used hugely for controlling insects around 120 types of crops. Utilization of insecticides creating risk for the aquatic ecosystem however, pyrethroids contain crucial element that help in resistance management as well as pest management. There are several key players operating in Pyrethroid Market who are focusing more on following a few efficient strategies such as mergers, partnerships, new product launches, collaborations and acquisitions to expand the product collection and reinforce their position in the market.

Pyrethroid Market – Regional Analysis
Pyrethroid market is classified into different regions such as North America, Latin America, Europe, Africa, and Middle East. North America is anticipated to record crucial growth owing to growing production of vegetables and fruits; growing population leads to decline in arable land and growing demand for food. All these factors are projected to foster the pyrethroid market growth during the forecast period 2021-2027. Increasing R&D activities to launch new products, increasing agriculture farming in France, Germany and Spain and huge adoption of novel organic farming practices are the factors that greatly contribute in driving the pyrethroid market in Europe. Asia Pacific is witnessing significant growth because of the decreasing arable land, high reliance on agriculture farming, huge inclination towards high yield with best quality products are projected to foster the market.

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Competition Assessment
There are several major key players operating in global pyrethroid market, which include Bayer CropScience AG (Germany), FMC Corporation (U.S.), Sumitomo Chemical, Co., Ltd (Japan), DuPont (U.S.), United Phosphorus Limited (India), Nufarm Ltd. (Australia), Syngenta AG (Switzerland) and Monsanto Company (U.S.).

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This release was published on openPR.