Pyrethroid Market Projected To Grow With Significant CAGR Over The Forecast Period

Pyrethroid Market Projected To Grow With Significant CAGR Over The Forecast Period

Pyrethroid is basically an active agent present in modern day pesticides mainly those belonging to the pyrethrum class of pesticides. These insecticides/pesticides can last longer especially in sunny environment. There are a number of benefits of using Pyrethroid, first being their ability to control insects for almost 120 types of crops, second unlike conventional insecticides they pose less threat to the aquatic life due to presence of integrated pest management and resistance management in Pyrethroids.

Pyrethroid Market Dynamics

Few of the major factors that are contributing the most to the growth of Pyrethroid market are:- increase in demand for quality food products; more crop loss due to weeds; increasing awareness about crop protection; approval of related newer products by U.S. Environmental Protection Agency.

Further, factors like advancement in farming technologies, increase in usage of Pyrethroid and other related chemicals, and finally rise in prices of agricultural commodities likely to fuel growth for the Pyrethroid market in the forecasted period.

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Pyrethroid Market – Market Segmentation

The Pyrethroid market can be segmented on the basis of product type, crop type and regions.

On the basis of product type, the Pyrethroid market can be segmented into the following categories:-

• Deltamethrin
• Bifenthrin
• Permethrin
• Cyfluthrin
• Cypermethrin
• Lambda-cyhalothrin
• Others

On the basis of crop type, the Pyrethroid market can be segmented into the following categories:-

• Grains and Cereals
• Fruits and vegetables
• Turf and ornamental plants
• Oilseeds and Pulses

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Overview of Pyrethroid Market by Regions

On the basis of regions, the Pyrethroid market can be segmented into five key regions, they are:-

• Latin America
• Europe
• Asia Pacific
• North America
• The Middle East and Africa

In the forecasted period, North American region is likely to show a significant growth mainly because of factors like increase in demand for food, lesser availability of farming lands irrespective of rise in population, and a rise in cultivation of fruits and vegetables.

Similarly, for Europe, the main growth driving factors are adoption of novel organic farming practices, more R & D activities around this industry, and increase in agricultural activities in countries like France, Spain and Germany.

When coming to the Asia-Pacific region, the most important factor being presence of countries like India, China etc where agriculture is still the major economic activity. Other growth factors in this region are increasing demand for quality agricultural products for increasing population. As population is increasing, there is gradual reduction in farming lands and thus a pressure is built up to improve the yield of the crops.

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Pyrethroid Market – Key Players

Few of the key players in the Pyrethroid market are as listed below:-

• Bayer CropScience AG (Germany)
• FMC Corporation (U.S.)
• Sumitomo Chemical, Co., Ltd (Japan)
• DuPont (U.S.)
• United Phosphorus Limited (India)
• Nufarm Ltd. (Australia)
• Syngenta AG (Switzerland)
• Monsanto Company (U.S.)

These players are adopting strategies like acquisitions, mergers, partnerships, collaborations, new product development and improving existing products in order to grow.

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