Pyrethroid Market size was valued at USD 6.9 billion in 2022 and is poised to grow at a CAGR of 5.7% from 2023-2029. Pyrethroid is a special active ingredient in modern pesticides and consists of a pyrethrum class of pesticides. Pyrethroid insecticides last for a long time in an environment especially when they are protected from sunlight. Pyrethroid insecticides are fundamentally utilized for household and industrial insecticide sprays against bugs and flying creepy crawlies. These are broadly utilized across the world. Pyrethroidsspray has been perceived as a substitute for environmentally harmful insecticides by the U.S. Environment Protection Agency (EPA) when utilized in managed amounts. It is the vital dynamic fixing in an assortment of bug spray details (in excess of 35,000 defined items). Pyrethroid Market report gives a comprehensive outlook on across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of product type, crop type and geographic regions. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market
Fastest Growing Market
Major factors driving the growth of pyrethroid market include an increase in crop loss due to weeds, increase in the population demanding for quality food products, rise in awareness about the crop protection, and product approval from U.S. Environmental Protection Agency. Moreover, development in agriculture farming practices technology, increase in the use of pyrethroid in materials and chemicals industry, and rise in prices of agriculture products are anticipated to propel the pyrethroid market over the forecast period. However, pending regulatory consents, hazardous effects of pyrethroid are major restraints of pyrethroid market.
The pyrethroid market size was valued at USD 6.9 billion in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Bayer CropScience AG (Germany) FMC Corporation (U.S.) Sumitomo Chemical, Co., Ltd (Japan) DuPont (U.S.) United Phosphorus Limited (India) Nufarm Ltd. (Australia)