What is Global Pyrethroid Market?
The Global Pyrethroid Market is a vast and dynamic sector that deals with the production, distribution, and consumption of pyrethroids, a type of synthetic chemical compound that mimics the natural insecticides produced by chrysanthemums. Pyrethroids are widely used in a variety of applications due to their high effectiveness in controlling a broad spectrum of pests. They are primarily used in agriculture to protect crops from insects, but they are also used in public health to control disease-carrying vectors like mosquitoes and ticks. The market's value was estimated at US$ 1972 million in 2022, and it is projected to grow to US$ 2533.4 million by 2029, expanding at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2029. This growth is driven by the increasing demand for effective pest control solutions in both agriculture and public health sectors.
Lambda-cyhalothrin, Deltamethrin, Cypermethrin, Bifenthrin, Permethrin, Others in the Global Pyrethroid Market:
The Global Pyrethroid Market is dominated by five major manufacturers who collectively hold about 50% of the market share. These companies have a significant influence on the market dynamics, including pricing, distribution, and innovation. Among the various types of pyrethroids, Lambda-cyhalothrin is the most popular, accounting for over 20% of the total market. Other significant pyrethroids include Deltamethrin, Cypermethrin, Bifenthrin, and Permethrin. Each of these pyrethroids has unique properties that make them suitable for specific applications. For instance, Lambda-cyhalothrin is highly effective against a wide range of pests and is commonly used in agriculture and public health. On the other hand, Deltamethrin is known for its long-lasting effect and is often used in mosquito nets and other long-term pest control solutions.
Agriculture, Public Health in the Global Pyrethroid Market:
The use of pyrethroids in agriculture and public health is a significant driver of the Global Pyrethroid Market. In agriculture, pyrethroids are used to protect crops from a wide range of pests, including insects, mites, and nematodes. They are applied directly to the crops or used in soil treatment to control soil-borne pests. The use of pyrethroids in agriculture helps to increase crop yield and quality, thereby contributing to food security. In public health, pyrethroids are used to control disease-carrying vectors like mosquitoes and ticks. They are used in various forms, including sprays, coils, and impregnated materials like mosquito nets and curtains. The use of pyrethroids in public health helps to prevent diseases like malaria, dengue, and Lyme disease, thereby contributing to public health and well-being.
Global Pyrethroid Market Outlook:
The Global Pyrethroid Market's outlook is promising, with a projected growth rate of 3.6% from 2023 to 2029. The market, which was valued at US$ 1972 million in 2022, is expected to reach US$ 2533.4 million by 2029. This growth is primarily driven by the increasing demand for effective pest control solutions in agriculture and public health. The market is dominated by five major manufacturers who collectively hold about 50% of the market share. Among the various types of pyrethroids, Lambda-cyhalothrin is the most popular, accounting for over 20% of the total market. The market's growth is also supported by the continuous innovation and development of new and more effective pyrethroids.
| Report Metric | Details |
| Report Name | Pyrethroid Market |
| Accounted market size in 2022 | US$ 1972 in million |
| Forecasted market size in 2029 | US$ 2533.4 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Sumitomo Chemical, Yangnong Chemical, Bayer, Heranba, Tagros, Meghmani, Shanghai Tenglong Agrochem, Jiangsu RedSun, Aestar, Gharda, Jiangsu Huangma Agrochemicals, Guangdong Liwei, Jiangsu Huifeng Agrochemical, Yingde Greatchem Chemicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
