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Pyrethroids Global Market Report 2024 Market Size, Outlook, Size, Share, Demand 2024-2033 |
Pyrethroids Global Market
As per the report, the pyrethroids market size has grown strongly in recent years. It will grow from $3.71 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The pyrethroids market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%.
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Elevated Demand For Insect-Repellent Solutions Fuels Growth In The Pyrethroids Market
The growing demand for insect-repellent products is expected to propel the growth of the pyrethroids market going forward. Insect-repellent products refer to substances or formulations designed to deter or repel insects, preventing them from landing on or biting humans, animals, or surfaces. These products are commonly used by individuals, especially in outdoor settings or areas with a high presence of insects. The growing demand for insect-repellent products formulated with pyrethroids is highly effective in repelling and controlling insects, including mosquitoes, ticks, flies, and other biting or nuisance insects. Their potency in protecting against these pests makes them a popular choice in insect-repellent formulations. For Instance, in May 2023, according to Eurostat, a European-based government agency, pesticides accounted for 355,175 tons of sales in Europe in 2021. This was a modest 2.7% rise over 2020 (346,000 tons). Fungicides and bactericides, herbicides, humus destroyers, moss killers, and insecticides and acaricides had the biggest sales volumes of pesticides in 2021, respectively (44%, 34%, and 14%). Therefore, the growing demand for insect-repellent products is driving the growth of the pyrethroids market.
Innovative In Bifenthrin Solutions Transforming Agriculture
Product innovations are a key trend gaining popularity in the pyrethroids market. Companies operating in the pyrethroids market are adopting new technologies to sustain their position in the market. For instance, in August 2023, Albaugh LLC, an Ankeny-based Chemical manufacturing company, launched new soybean insecticide called Afiado, which is a combination of Acetamiprid and Bifenthrin. The insecticide is intended to suppress soybean stinkbugs, a notoriously difficult-to-control pest in Brazil. Albaugh's commitment to agricultural innovation and sustainability is shown in the development of Afiado pesticide, which provides farmers with a new way to manage soybean stinkbugs and protect their harvests. This new chemical combines acetamiprid, a pyrethroid insecticide, with bifenthrin, a broad-spectrum insecticide that targets a variety of crop pests.
The pyrethroids market covered in this report is segmented -
1) By Product Type: Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, Other Types
2) By Non-Crop Based: Turfs, Ornamentals, Other Non-Crops
3) By Pest Type: Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, Other Pest Types
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
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Major companies operating in the pyrethroids market report are BASF SE, Dow Inc., Bayer CropScience AG, Rallis India, Sumitomo Chemical Co Ltd., Heranba Industries Limited, Monsanto Company, DuPont de Nemours Inc., United Phosphorus Limited, FMC Corporation, Nufarm Limited, Meghmani Organics Ltd, Jiangsu Yangnong Chemical Co. Ltd., Nanjing Red Sun Co.Ltd., Bonide Products LLC, Gharda Chemicals Limited, Tagros Chemicals India Pvt Ltd., Bharat Rasayan Ltd., Hemani Industries Limited, Australian Botanical Products Pty Ltd, Adama Agricultural Solutions Ltd., Shandong Dacheng Pesticide Co. Ltd, Syngenta AG, SinoHarvest Corporation, Shanghai Mingdou Chemical Co Ltd., Dalian Sinobio Chemistry Co. Ltd, Boehringer Ingelheim Animal Health Inc, Jiangsu Huangma Agrochemicals Co. Ltd.
Contents of the report:
1. Executive Summary
2. Pyrethroids Market Report Structure
3. Pyrethroids Market Trends And Strategies
4. Pyrethroids Market - Macro Economic Scenario
5. Pyrethroids Market Size And Growth
…..
27. Pyrethroids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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