Pyrethroids Market to Witness an Outstanding Growth by 2024 - 2031 | BASF S.E., Bayer Cropscience AG, FMC Corporation

Market Overview:

Global pyrethroids market was valued at US$ 3781.9 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.18% during the forecast period (2022 to 2030).

Market Dynamics:

The pyrethroids market is driven by the increasing demand from the agriculture sector. Pyrethroids are commonly used in agriculture to control insect pests on fruits, vegetables, and other crops. They are less toxic to humans and mammals than organochlorine and organophosphate pesticides which were commonly used earlier. Stringent regulations on the use of harmful agrochemicals and concerns regarding food safety have increased the adoption of pyrethroids in agriculture. Furthermore, the growing global population is increasing the demand for food which is augmenting the use of pyrethroids to boost agricultural productivity.

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Stringent Regulations on use of Certain Toxic Ingredients

Regulatory agencies globally are imposing stringent norms on the maximum residue limits (MRLs) of toxic ingredients used in insecticides. To ensure food safety and protect the environment, laws have been enacted prohibiting or restricting toxic ingredients. For example, the use of ingredients such as DDT and lindane is banned or limited in many countries. This has hampered the sales potential of some conventional insecticides. However, pyrethroids have safer toxicology profiles compared to such legacy chemicals. Still, some pyrethroids like deltamethrin and cypermethrin face use-limitations due to rising environmental and toxicity concerns. Manufacturers may face difficulties regarding their production or face extra R&D costs to develop alternatives in complying with changing regulations.

Opportunity for Natural Pyrethroids

Consumers are increasingly demanding eco-friendly insect control products made from natural ingredients. There is a huge market potential for manufacturers to develop natural/botanical pyrethroids extracted from plants. For example, pyrethrins extracted from chrysanthemum flowers have lower toxicity than synthetic pyrethroids. Due to growing consumer shift towards green products, a significant opportunity exists for manufacturers to invest in R&D and commercialization of herbal/phyto-pyrethroids having a safe toxicology profile. Technologies focused on enhancing stability and residue properties of natural pyrethroids can capture a substantial share of the green home and garden insecticide market.

Increasing Popularity of Combined Formulations

Some key trends within the pyrethroids industry include the growing popularity of combination insecticide formulations that contain two or more active ingredients. Combined products provide dual or multiple modes of action against a broad range of pests. They have the advantages of reduced application frequency, slowed resistance development in pests and expanded crop coverage compared to single-ingredient formulations. Manufacturers are widening their portfolio to include co-formulations of pyrethroids and other chemical classes such as neonicotinoids, carbamates and organophosphates. The combined formulations segment is forecast to capture major pyrethroids market share in the coming years, driven by high agricultural demand and user preference for one-stop control of multiple pests.

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Top Companies Featured in This Report:

★ BASF S.E.
★ Bayer Cropscience AG
★ FMC Corporation
★ DowDuPont
★ Monsanto Company
★ Nufarm
★ SinoHarvest Corporation
★ Syngenta A.G.
★ Sumitomo Chemical
★ United Phosphorus.

Market Segmentation:

By Product Type:

★ By Product Type: Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Others
★ By Crop Type: By Crop based(Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), By Non-crop based(Turfs, Ornamentals, Others)

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Pyrethroids Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Pyrethroids market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Pyrethroids market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Pyrethroids market.
Segment Analysis: Examining the market value and sales volume of Pyrethroids by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Pyrethroids market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Pyrethroids sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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