Pyrethroids Market to Witness Growth Acceleration During 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:

Rising agricultural production globally to meet the increasing food demand is one of the major drivers projected to propel the growth of pyrethroids market over the forecast period. As pyrethroids are important insecticides used to control insects, pests and nematodes that damage crops. Their use helps improve crop yield. Secondly, increasing penetration of modern retail channels making agrochemicals easily available to small landholding farmers is also expected to boost market growth. This is facilitating increased pest control practices and agricultural productivity.

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Stringent Regulations on Conventional Insecticides

Stringent regulatory norms imposed on certain conventional insecticides are negatively impacting the pyrethroids market. Regulatory agencies across various countries are banning or restricting the use of insecticides like organophosphates and carbamates over health and environmental concerns. For instance, the European Commission has banned several insecticides in Europe due to the associated dangers. This is encouraging farmers and other end-users to shift towards safer alternatives like pyrethroids. However, the regulations could limit the application of certain pyrethroid products as well if found posing unacceptable risks to human health or ecosystem. The stringent toxicity assessment process and risk management strategies adopted by regulatory bodies have become a major restraint for the pyrethroids industry.

Increasing Demand in Developing Regions

The pyrethroids market is expected to witness lucrative opportunities in developing countries across regions like Asia Pacific, Middle East, and Latin America. Several countries in these regions have warm tropical climates that support rapid growth and reproduction of various insect pests. With strong GDP growth rates and rising per capita incomes, these markets are experiencing higher spending on modern agricultural practices and consumer products. Government initiatives to boost domestic farm output along with growing health awareness will further propel the demand for pyrethroids. Key players could gain opportunities by expanding their production capacities and distribution networks in emerging pyrethroid consuming nations to capitalize on their fast-paced market growth.

Shift Towards Bio-Pyrethroids

The rising trend observed in the pyrethroids industry is the increasing utilization of bio-based and degradable pyrethroids. With growing consumer demand for eco-friendly products and strict regulatory push for sustainable chemicals, manufacturers are extensively engaged in R&D and commercialization of bio-pyrethroids. Bio-pyrethroids are natural pyrethroids obtained through extracts of plants like Chrysanthemum cinerariifolium instead of chemical synthesis. They exhibit high biodegradability and pose lower environmental toxicity. Many leading companies have introduced different varieties of bio-pyrethroids for agriculture as well as residential pest control. This shift is expected to open new avenues for players while upholding environment stewardship in the pyrethroids industry.

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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 Inquiries Addressed in this Report include:

📈 What was the size of the Pyrethroids Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Pyrethroids Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Pyrethroids Market?

📈 How does the market share of Pyrethroids Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Pyrethroids Market?

📈 Which segment of the Pyrethroids Market is experiencing heightened demand?

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:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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