Pyrethroids Market - By Type (Type I {Allethrin, Bioallethrin, Permethrin}, Type II {Cypermethrin, Deltamethrin, Lambda-cyhalothrin}, Type III {Esfenvalerate, Bifenthrin}), By Application & Forecast, 2024 – 2032

Pyrethroids Market - By Type (Type I {Allethrin, Bioallethrin, Permethrin}, Type II {Cypermethrin, Deltamethrin, Lambda-cyhalothrin}, Type III {Esfenvalerate, Bifenthrin}), By Application & Forecast, 2024 – 2032

Pyrethroids Market Size

Pyrethroids Market was valued at around USD 4.2 billion in 2023 and is anticipated to register a CAGR of over 5.3% between 2024 and 2032.

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The pyrethroids industry involves the global trade of synthetic insecticides, derived from chrysanthemum flowers. These chemicals are renowned for their effectiveness in eradicating various pests in agricultural fields, households, and public spaces. Pyrethroids exhibit rapid action, efficiently targeting and eliminating a diverse array of insects. The use and distribution of synthetic pesticides derived from chrysanthemum flower extracts are part of the global pyrethroids market. These substances are vital for pest management efforts around the world because of their exceptional efficacy against pests in homes, public spaces, and agriculture. Pyrethroids offer consistent and adaptable ways to control pest infestations.

The pyrethroid industry is experiencing significant growth for several reasons. Firstly, the expanding global agricultural sector necessitates more potent insecticides to combat pests effectively. Also, heightened awareness of insect-borne diseases such as dengue and malaria drive demand for methods to manage these vectors. Moreover, additional factors contribute to market momentum. Both urban and rural populations require pest control solutions, prompting ongoing advancements by researchers to enhance the efficacy and safety of insecticides. Legislative support also plays a role, with some governments advocating for sustainable farming practices that permit pyrethroid use, alongside backing integrated pest management approaches, fostering opportunities for novel applications of pyrethroids.
 

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Increasing regulatory oversight and environmental worries pose significant challenges for the pyrethroids industry. Worldwide regulatory bodies are implementing stricter guidelines for pesticide use, notably pyrethroids, potentially leading to limitations in accessibility and application. Additionally, environmental apprehensions regarding pyrethroids' potential harm to non-target species and their persistence in ecosystems raise sustainability concerns. Moreover, the emergence of pyrethroid-resistant insects presents a formidable challenge, necessitating continuous innovation and the development of alternative solutions to maintain effective pest management strategies.

Pyrethroids Market Trends

The pyrethroid sector is undergoing significant transformations. Initially, researchers are striving to enhance the safety and environmental friendliness of these insecticides through novel formulations and application methods. Concurrently, technological progress is refining pyrethroid products, rendering them more precise and efficient in targeting pests while minimizing collateral damage. Integrated pest management emerges as a prominent trend, amalgamating pyrethroids with complementary techniques for holistic pest control. Furthermore, the scope of pyrethroid applications extends beyond agriculture, permeating into veterinary medicine and public health sectors for pest management purposes, reflecting the expanding market landscape.

Pyrethroids Market Analysis

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Based on the type, the market is segmented into type I, type II, type III. Type I segment stands out in the pyrethroids industry with a market of USD 2.6 billion in 2023 and is expected to hold a market size of USD 4.1 billion by 2032. Pyrethroids encompass a diverse range of formulations, with certain types garnering greater interest within the pest management sector. Notably, type I pyrethroids like permethrin, bioallethrin, and allethrin exhibit considerable efficacy across multiple environments, including residential, medical, and agricultural settings, offering broad-spectrum insect control. Allethrin and bioallethrin excel in indoor pest management, particularly against flying insects, owing to their rapid action and prolonged residual effect. Permethrin enjoys popularity in agriculture due to its ability to effectively combat various pests while posing minimal risk to mammals. Overall, the diverse applications of these type I pyrethroids underscore their growing versatility as insect control agents.

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Based on application, the market can be further classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Cereals & grains segment stands out in the market with a market share of 38.7% in 2023 and is expected to hold a market share of 40% by 2032. Pyrethroids play a crucial role in pest management within grains and cereals. They are extensively employed to combat a diverse range of pests that typically infest stored grains, such as storage moths, grain weevils, and rice weevils. Typically, these pesticides are introduced into grain storage facilities or applied through spray formulations to prevent infestations during storage periods. When utilized according to recommended guidelines, pyrethroids offer effective pest control without compromising grain quality or safety. Their application is essential for preserving the integrity of stored agricultural products, ensuring food security, and safeguarding cereals and grains against pest-related damage.

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Asia Pacific had a significant position in the global pyrethroids market with a market size of USD 1.3 billion in 2023 and is expected to hold a market size of USD 2.1 billion by 2032. The pyrethroid market is experiencing rapid growth across Asia for several key reasons. Firstly, the burgeoning urbanization and expansion of agricultural lands are driving an increased demand for pest control solutions in both urban and rural settings. Secondly, the rising affluence of the population in Asia enables more spending on pest management for homes and farms. Moreover, government initiatives aimed at sustainable agriculture practices encourage reduced chemical usage while enhancing food production. Concurrently, scientists are innovating new pyrethroid formulations that are effective yet environmentally friendly. These factors collectively indicate a dynamic and expanding pyrethroid market in Asia, poised to evolve to meet evolving demands.

Pyrethroids Market Share

Important players in the pyrethroid business employ a variety of strategies to maintain their leadership in the industry and promote growth. These strategies include significant R&D expenditures with the goal of developing new formulations that provide improved efficacy and environmental friendliness. Furthermore, businesses place a high priority on forming strategic alliances and partnerships to increase the worldwide reach of their product lines. Acquisitions and mergers are commonly used to expand product options and strengthen market position. Furthermore, a great deal of focus is on marketing initiatives to improve brand awareness and set themselves apart in the context of competitive market dynamics. To sum up, success in the pyrethroid industry requires a combination of creativity, teamwork, and calculated risks.

In the pyrethroid industry, companies such as FMC Corporation, Dow AgroSciences, Bayer CropScience, and Adama Agricultural Solutions adopt varied strategies. Adama prioritizes research and development to introduce novel products, aiming for safer and more effective formulations. Bayer focuses on forming strategic partnerships and collaborations to expand its global market presence and distribution channels. Dow AgroSciences prioritizes mergers and acquisitions to enhance market share and product diversity. FMC Corporation emphasizes marketing initiatives to differentiate itself and boost brand recognition. Overall, these companies employ a combination of strategic initiatives, innovation, and collaboration to maintain their positions and drive the pyrethroid market forward.

Pyrethroids Market Companies

Major players operating in the market include

• Adama Agricultural Solutions
• Bayer CropScience
• Dow AgroSciences
• FMC Corporation
• Jiangsu Yangnong Chemical Group Co., Ltd.
• Nufarm Limited
• Sinochem Corporation
• Sumitomo Chemical Co., Ltd.
• Syngenta AG
• UPL Limited
• Valent BioSciences Corporation
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.

Pyrethroids Industry News

• In February 2021, Syngenta Group, a leader in agricultural science and technology, invested US$230 million to establish a research and development center in Nanjing, China. This move expands the company's presence in one of the largest markets for pesticides globally. The new facility will prioritize research in biologicals, digitalization, and big data for agricultural applications. Syngenta is intensifying its efforts in biologicals, which are natural solutions for pest and disease management, reflecting its commitment to sustainable and innovative agricultural practices.

The Pyrethroids market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments

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Market, By Type

• Type I 
  • Allethrin
  • Bioallethrin
  • Permethrin 
• Type II
  • Cypermethrin
  • Deltamethrin
  • Lambda-cyhalothrin 
• Type III 
  • Esfenvalerate
  • Bifenthrin

Market, By Application

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA