Global Pyrethroids Market growing at a CAGR of 6.0% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the pyrethroids market is predicted to grow at a compound annual growth rate of 6.0% from 2023 to 2031 and is expected to reach USD 5,495.79 million in 2031 and 3,651.55 million in 2023 which was valued at USD 3,530.70 million in 2022.
The report highlights the significant increase in demand from public health agencies to control mosquitoes and other insects that transmit diseases across the globe, which is augmenting global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the pyrethroids market.
Global Pyrethroids Market By Overview
The pyrethroids market is bifurcated into type, application, and end-use. Based on type, the market is segmented into type I pyrethroids and type II pyrethroids. In 2022, the type II pyrethroids segment dominated the overall pyrethroids market. Based on application, the market is categorized into agricultural pest control, mosquito pest control, and others. In 2022, the agricultural pest control segment accounted for the highest market share in the pyrethroids market. Based on end-use, the market is categorized into agriculture, residential, commercial, and others. In 2022, the agriculture segment accounted for the highest market share in the pyrethroids market.
Get Free SampleMarket Dynamics
Driver:
- Increase in crop production activities is fostering the demand for pyrethroids.
- Increasing adoption of pyrethroids in residential end-use is spurring the market growth.
Restraints:
- Hazardous nature of pyrethroids is likely to hamper the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Type I Pyrethroids (Allethrin, Tetramethrin, Resmethrin, D-phenothrin, Bioresmethrin, and Permethrin) and Type II Pyrethroids (Cypermethrin, Cyfluthrin, Deltamethrin, Cyphenothrin, Fenvalerate, and Fluvalinate) |
| By Application | Agricultural Pest Control, Mosquito Pest Control, and Others |
| By End-use | Agriculture, Residential, Commercial, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as BASF SE, Bayer AG, Sumitomo Chemical Co., Ltd., among others which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the pyrethroids market is expected to witness substantial growth in the coming years due to the rising awareness of vector-borne diseases. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Bayer AG
- BASF SE
- Heranba Industries Ltd
- Sumitomo Chemical Co., Ltd.
- Aimco Pesticides LTD.
- Rallis India Limited
- Tagros Chemicals India Pvt Ltd
- Gharda Chemicals Ltd
- Bharat Group
- FMC Corporation
- Meghmani Organics Ltd
- Hemani Industries Limited