The Asia Pacific Pyrethroid market has been estimated at USD 1.60 Billion in 2016 and is projected to reach USD 2.26 Billion by 2021, at a CAGR of 7.10% during the forecast period from 2016 to 2021.
Pyrethroids are synthetic insecticides similar to pyrethrins found naturally in chrysanthemum flowers. They are low in toxicity to mammals and birds, and require very low doses to kill insects. These insecticides have a peculiarly short life and biodegrade immediately in the presence of sunlight due to high light sensitivity.
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The market for Pyrethroid market in Asia-Pacific region is mainly driven due to demand for hygiene products and for Pyrethroid insecticides, with rapidly growing and general increase in prosperity of the population. But, the market growth might decline due to issues like government control over potentially harmful chemicals.
- By Active Ingredient type
- By Crop type
- Cereals & grains
- Oilseeds & Pulses
- Fruits & vegetables
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Geographically, Asia-Pacific market for Pyrethroid is segmented into China, India, Japan, South Korea and Australia. Asia-Pacific region tops the global market with its largest market contribution. Major market players have established their production facilities in Asia due to the availability of cheap labor and land, and comparatively lenient norms and regulations against chemicals.
FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd., BASF SE and Adama agricultural solutions are the major players of Asia-Pacific Pyrethroid market.
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