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Pyrethroids Market Trends

Report ID: GMI8841
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for pyrethroids was valued at USD 4.2 billion in 2023 and is anticipated to register 5.3% CAGR between 2024 and 2032, driven by the expanding agricultural sector that necessitates more potent insecticides to combat pests effectively.

The cereals & grains segment in the pyrethroids market held 38.7% revenue share in 2023 and is expected to reach 40% by 2032, as they combat a diverse range of pests that typically infest stored grains, such as storage moths, grain weevils, and rice weevils.

Asia Pacific market accounted for USD 1.3 billion in 2023 and is expected to reach USD 2.1 billion by 2032, attributed to the burgeoning urbanization and expansion of agricultural lands.

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., and Zhejiang Xinan Chemical Industrial Group Co., Ltd.