Pyrethroids Market Is Anticipated To Witness High Growth Owing To Rising Demand In Agriculture Industry

https://www.coherentmarketinsights.com/market-insight/pyrethroids-market-1004
Pyrethroids Market 


Pyrethroids are synthetic chemical compounds that are derived from the chemical structure of natural pyrethrins, which are produced by flowers of pyrethrum. Pyrethroids are widely used as insecticides in agriculture, public health and home pest control. The increasing population and demand for food has led to significant increase in agriculture production. Pyrethroids are heavily used in agriculture to control pests that damage crops. They are highly effective against many insect pests and have low toxicity to mammals. This has contributed to their widespread adoption, especially in developing countries.


The Global Pyrethroids Market is estimated to be valued at US$ 4819.8 Bn  in 2024 and is expected to exhibit a CAGR of 43%  over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Pyrethroids are AVT Natural, Archer Daniels Midland Company, Blueberry Agro, Cymbio Pharma Pvt Ltd., Harrisons Malayalam Ltd., Indena S.p.A., Martin Bauer Group, Synthite Industries Ltd., Synergy Flavors, Teawolf, Martin Bauer Group., and Taiyo International. These key players are focusing on new product launches, expansion of manufacturing facilities and collaboration with other players to expand their market share.

Major opportunities in the Pyrethroids market include growing acceptance in organic farming and development of more environment-friendly pyrethroid formulations. Several manufacturers are engaged in research & development activities to introduce newer generation pyrethroids with low mammalian toxicity and higher insecticidal efficacy.

The global Pyrethroids Market Size is also witnessing significant expansion in terms of geographical presence. Key players are investing heavily in regions such as Asia Pacific, Latin America, and Middle East & Africa to tap the high growth potential. Countries with large agriculture sector such as China, India, Brazil are attracting major investments.

Market Drivers
Increasing Adoption in Agriculture: Pyrethroids find major application as agricultural insecticides for protection of cultivated crops. With rising global population and declining availability of cultivable land, agriculture production needs to increase substantially. This is driving growth in demand for pyrethroid insecticides.

Market Restrains
Toxic to Aquatic Life: Certain pyrethroids are classified as very toxic to aquatic life and can have adverse effects on fish and other organisms. This is a major restrain limiting their usage near water bodies and promotes development of alternatives.


Segment Analysis
Pyrethroids Market is segmented based on type, end user industry and geography. The type segment includes pyrethroids and synthetic pyrethroids. Synthetic pyrethroids are dominating and holds the major market share as it has better insect repellent and killing properties over natural pyrethroids. It is widely used in agricultural crops such as cereals & grains, oilseeds & pulses, fruits & vegetables for effective pest control.

The end user industry segment includes agriculture, public health and commercial & home. Agriculture is the dominating sub-segment with maximum share as pyrethroids are highly effective insecticides used to protect a variety of agricultural crops from various pests. It provides broad-spectrum activity against various insects and maintains crop health for higher yield.

Regional Analysis
The Asia Pacific region dominates the global pyrethroids market and is expected to continue its dominance during the forecast period. Countries like India, China and Southeast Asian countries widely use pyrethroids for agriculture as a cost-effective solution for pest control. North America and Europe holds the second and third position respectively due to matured agricultural practices and changing consumer preference towards organic food crops. Growth in Latin America and Middle East & African region is attributed to increasing agricultural exports and rising demand for quality food grains.

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