Global Pyrethroids Market Set to reach $5,495.79 Million by 2031, at 6.0% CAGR
Category : Materials And Chemicals | Published Date : Oct 2024 | Type : Press Release
Pyrethroids Market Scope & Overview:
As per the Consegic Business Intelligence newly published report,Pyrethroids Market size was valued at USD 3,530.70 Million in 2022 and is projected to reach USD 5,495.79 Million by 2031, growing at a CAGR of 6.0% during the forecast period from 2023 to 2031. Pyrethroids are synthetic chemicals derived from naturally occurring pyrethrins found in chrysanthemums. These compounds are widely used in pest control due to their efficiency in eliminating a broad range of pests including mosquitoes, ants, and agricultural pests. Pyrethroids offer long-lasting control and are known for their safety profile, making them suitable for use in agriculture, residential, and commercial sectors.
The report comprises the Pyrethroids Market Share, Size & Industry Analysis, By Type (Type I Pyrethroids [Allethrin, Tetramethrin, Resmethrin, D-phenothrin, Bioresmethrin, Permethrin] and Type II Pyrethroids [Cypermethrin, Cyfluthrin, Deltamethrin, Cyphenothrin, Fenvalerate, Fluvalinate]), By Application (Agricultural Pest Control, Mosquito Pest Control, Others), By End-Use (Agriculture, Residential, Commercial, Others), and Forecast, 2023-2031.
The report contains detailed information on Pyrethroids Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increasing demand for pest control solutions in agriculture is driving the growth of the pyrethroids market. Additionally, the growing adoption of pyrethroids in residential settings for mosquito and pest control is further boosting the market demand.
Segmental Analysis :
Based on type, the market is segmented into Type I and Type II pyrethroids.
- Type II pyrethroids held the largest market share in 2022, driven by their slower knockdown effect and longer residual activity, making them ideal for agricultural pest control and livestock facilities.
- Type I pyrethroids are expected to grow at the fastest rate due to their rapid knockdown properties and use in public health initiatives, particularly for mosquito control in malaria-prone regions.
Based on application, the market is segmented into agricultural pest control, mosquito pest control, and others.
- Agricultural pest control accounted for the largest share in 2022, driven by the widespread use of pyrethroids in controlling pests like bollworms, aphids, and leafworms in crops such as cotton, fruits, and vegetables.
- Mosquito pest control is projected to grow at the fastest rate, supported by increasing initiatives for mosquito control to combat diseases like malaria and dengue.
Based on end-use, the market is divided into agriculture, residential, commercial, and others.
- Agriculture held the largest market share in 2022 due to the growing use of pyrethroids to protect crops from pests, contributing to higher agricultural productivity.
- The residential segment is expected to witness significant growth, driven by the increasing demand for pyrethroids in pest control solutions for homes, apartments, and other living spaces.
Based on regions, the global market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- Asia Pacific accounted for the largest market share in 2022, with China leading the region. The market growth is driven by the region's extensive agricultural activities and increasing demand for pest control solutions.
- North America is projected to grow at a substantial rate, supported by increasing demand for residential and commercial pest control solutions.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 5,495.79 Million |
| CAGR (2024-2031) | 6.0% |
| By Type | Type I Pyrethroids (Allethrin, Tetramethrin, Resmethrin, D-phenothrin, Bioresmethrin, Permethrin), Type II Pyrethroids (Cypermethrin, Cyfluthrin, Deltamethrin, Cyphenothrin, Fenvalerate, Fluvalinate) |
| By Application | Agricultural Pest Control, Mosquito Pest Control, Others |
| By End-Use | Agriculture, Residential, Commercial, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the PVC-Free Packaging Industry:
- 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
Recent Industry Developments :
- In May 2021, BASF introduced Alucion 35 WG insecticide for the golf course market, featuring pyrethroid-based formulations for effective pest control.
- In May 2020, FMC Corporation launched Elevest Insect Control, combining bifenthrin (a pyrethroid) with other active ingredients for use in soybeans, cotton, and other crops.
