The Global Pyrethroid market has been estimated at USD 4.85 Billion in 2016 and is projected to reach USD 6.34 Billion by 2021, at a CAGR of 5.5% during the forecast period from 2016 to 2021.
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Pyrethroids are synthetic insecticides similar to pyrethrins found naturally in chrysanthemum flowers. They are a special chemical class of active ingredients which are related to pyrethrins and resemble them in insecticidal properties. They have a peculiarly short life and biodegrade immediately in the presence of sunlight due to high light sensitivity. It acts as a nervous toxin and leads to paralysis and eventual death of the targeted insects, due to which it has become the most widely used insecticides around the globe.
The market growth for Global Pyrethroid market is mainly driven due to need to increase crop yield and efficiency. Also, the fact that Pyrethroid is one of the safest insecticides is also aiding market growth. The market growth may decline due to factors like issues over product labeling, popularity of bio-insecticide products, and supply constraints due to its natural origin.
- By Active Ingredient type
- By Crop type
- Cereals & grains
- Oilseeds & Pulses
- Fruits & vegetables
Geographically, Global market for Pyrethroid is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. Asia-Pacific region holds the largest share of the global market, followed by Europe and North America. Asia Pacific market is growing at very high rate, due to rising disposable income levels, rising population and food security. The European market would grow at a rather static pace, due to strong government control over the harmful effects of chemicals. Asia-Pacific is the largest market for oilseed crops & pulses, followed by the European region.
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 Global Pyrethroid market.
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