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The global pyrethroids market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Pyrethroids are synthetic modifications of naturally occurring pyrethrin which is extracted from Chrysanthemum flowers. They are primarily used to kill insects such as mosquitos, flies, ants, moths and farm pests. They have similar properties to pyrethrin but are not sensitive to sunlight. They have low toxicity to mammals or birds and are administered in small quantities to kill bugs and flying insects. They are widely used as household insecticides and have a short shelf life with biodegradable properties. Pyrethroids are used in the form of wet powders, granules, emulsifying concentrates and ultra-low volume (ULV) sprays.
Extensive application of pyrethroids across agriculture and residential sectors is the key factor driving the market growth. With the growing population and diminishing farmlands, novel farming practices are being adopted by farmers across the world for improved yield. Consequently, pyrethroids are being widely adopted in the agriculture and allied sectors. They serve as a cost-effective alternative to the conventionally used insecticides. Furthermore, to compete with the synthetic variants, manufacturers are focusing on enhanced production and more efficient distribution of pyrethroids. Additionally, since they are less toxic to mammals and birds, these insecticides are constantly replacing organophosphates, which are conventionally used on vegetables including carrots and lettuce. Moreover, these insecticides are known for their high potency and extreme effectiveness. Owing to this, there is an increasing demand for pyrethroids in cloth treatment and mosquito control across residential and industrial sectors, which is projected to catalyze the growth of the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pyrethroids market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product type, crop type and pest type.
Breakup by Product Type:
Breakup by Crop Type:
Breakup by Pest Type:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being BASF, Bayer CropScience, Corteva Agriscience, Nufarm, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Arysta Lifescience, Cheminova, FMC, Monsanto, Shanghai Mingdou Agrochemical, Adama Agricultural Solutions Ltd, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Crop Type, Pest Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||BASF, Bayer CropScience, Corteva Agriscience, Nufarm, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Arysta Lifescience, Cheminova, FMC, Monsanto, Shanghai Mingdou Agrochemical and Adama Agricultural Solutions Ltd|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global pyrethroids market size was valued at US$ 3,323 Million in 2020.
According to the estimates by IMARC Group, the global pyrethroids market is expected to witness a CAGR of 4% from 2021 to 2026.
The extensive applications of pyrethroids in the agriculture sector with the growing population and diminishing farmlands, global adoption of novel farming practices for improving yield represents one of the key drivers for the global pyrethroids market.
The leading players are focusing on enhancing the production and distribution of pyrethroids to compete with their synthetic counterparts which is one of the key trends in the global pyrethroids market.
Due to the surge in the cases of the coronavirus disease (COVID-19) and lockdowns imposed by governments of numerous countries, manufacturing units of leading players have been temporarily closed to prevent the spread of the pandemic. This, in confluence with disruptions in the supply chain, has negatively impacted the growth of the market.
On the basis of the product type, the market has been bifurcated into bifenthrin, deltamethrin, permethrin, cypermethrin, cyfluthrin, lambda-cyhalothrin and others. Currently, others account for the majority of the market share.
On the basis of the crop type, the market has been divided into cereals & grains, oilseeds & pulses, fruits & vegetables and others. Among these, fruits & vegetables represent the largest segment.
On the basis of the pest type, the market has been segmented into bollworms, borers, aphids, jassids, thrips, moths, fleas & flies and others. At present, bollworms exhibit a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global pyrethroids market are BASF, Bayer CropScience, Corteva Agriscience, Nufarm, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Arysta Lifescience, Cheminova, FMC, Monsanto, Shanghai Mingdou Agrochemical, Adama Agricultural Solutions Ltd, etc.
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