Press release
Pyrethroids Market: Surging at 5.1% CAGR, Set to Reach $4.09 Billion in Size by 2025 and Projected to Touch $5.22 Billion by 2029
Pyrethroids Market Share
Steady Expansion of Pyrethroids Market Fueled by Increased Agricultural Pest Pressure, Shift to Pyrethroids from Organophosphates, and Rising Public Health Concerns
What Is The Projected Market Size Of The Global Pyrethroids Market And Its Growth Rate?
- Pyrethroids market size in 2024: $3.89 billion
- Expected growth to $4.09 billion in 2025 with a CAGR of 5.1%
- Factors contributing to growth: Increased agricultural pest pressure, shift from organophosphates to pyrethroids, growth in urbanization and pest control, advancements in agricultural practices, public health concerns and vector control
- Predicted market size by 2029: $5.22 billion, with a CAGR of 6.3%
- Factors driving future growth: Growing demand for organic farming, emergence of new pest strains, expansion of public health programs, increasing awareness of insect-borne diseases, expansion of animal husbandry practices
What Is Driving The Growth In The Pyrethroids Market?
The surge in vector-borne diseases such as malaria, transmitted by mosquitoes, ticks, and fleas is a key driver propelling the pyrethroids market. Factors such as climate change, urbanization, and deforestation create favorable conditions for the spread of these diseases, necessitating the widespread use of synthetic insecticides like pyrethroids to control disease-carrying mosquito and tick populations. For instance, in 2023, malaria cases in England, Wales, and Northern Ireland increased to 2004 from 1369 in 2022, as reported by UK-based public sector information website, GOV.UK.
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Who are the Key Players Driving Pyrethroids Market Growth?
- BASF SE
- Dow Inc.
- Bayer CropScience AG
- Rallis India
- Sumitomo Chemical Co Ltd.
- Heranba Industries Limited
- 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
- Adama Agricultural Solutions Ltd.
- Shandong Dacheng Pesticide Co. Ltd
- Syngenta AG
- SinoHarvest Corporation
- Shanghai Mingdou Chemical Co Ltd.
- Dalian Sinobio Chemistry Co. Ltd
- Jiangsu Huangma Agrochemicals Co. Ltd.
What Are The Key Trends In The Pyrethroids Market?
Major trends in the pyrethroids market include:
- Technological innovations in formulations
- Biopesticide alternatives to pyrethroids
- Precision agriculture and targeted application
- Collaboration for research and development
- Application in non-agricultural settings
What Are The Segments Of The Global Pyrethroids Market?
The global Pyrethroids market is segmented as follows:
- By Product Type: Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, Other Types
- By Non-Crop Based: Turfs, Ornamentals, Other Non-Crops
- By Pest Type: Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, Other Pest Types
- By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
Which Region Leads The Pyrethroids Market?
Asia-Pacific held the largest share of the pyrethroids market in 2024. North America is expected to be the fastest-growing region during the forecast period. Other regions included in the Pyrethroids Market report are Western Europe, Eastern Europe, South America, Middle East, Africa.
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What Is Covered In The Pyrethroids Market Global Market Report?
- Market Size Analysis: Analyze the Pyrethroids Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pyrethroids Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pyrethroids Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pyrethroids Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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