Pyrethroid Market Share & Market New Trends Analysis Report By Type, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2031

Pyrethroid Market Analysis and Latest Trends

Pyrethroids are a class of synthetic insecticides that are chemically similar to the natural insecticide pyrethrum, which is found in chrysanthemum flowers. They are widely used in agriculture, public health, and household insect control due to their effectiveness against a variety of pests, low mammalian toxicity, and environmental safety.

The Pyrethroid Market is expected to grow at a CAGR of 10.8% during the forecast period. Growing demand for food production coupled with the rising prevalence of vector-borne diseases is driving the market growth. Additionally, increasing awareness about the benefits of using pyrethroids over conventional insecticides is boosting market demand.

The latest trends in the Pyrethroid Market include the development of advanced formulations with enhanced efficacy, increased adoption of integrated pest management practices, and rising investments in research and development to introduce novel pyrethroid products. Furthermore, stringent regulations on the use of conventional insecticides are also fueling the demand for pyrethroids as a safer alternative for pest control.

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Pyrethroid Major Market Players

The pyrethroid market is competitive with several key players dominating the industry. Some of the major companies in the pyrethroid market include Sumitomo Chemical, Yangnong Chemical, Bayer, Heranba, Tagros, Meghmani, Shanghai Tenglong Agrochem, Jiangsu RedSun, Aestar, Gharda, Jiangsu Huangma Agrochemicals, Guangdong Liwei, Jiangsu Huifeng Agrochemical, and Yingde Greatchem Chemicals.

Sumitomo Chemical is one of the leading players in the pyrethroid market, with a strong presence in key regions such as Asia, North America, and Europe. The company has seen steady growth in its market share due to its innovative products and strategic partnerships.

Yangnong Chemical is another major player in the pyrethroid market, known for its high-quality products and strong distribution network. The company has shown impressive market growth over the years and is expected to continue its expansion in the future.

Bayer is a well-known player in the agrochemical industry, including the pyrethroid market. The company has a diverse product portfolio and a strong global presence, making it a key player in the market.

In terms of sales revenue, Sumitomo Chemical reported sales of over $13 billion in 2020, indicating its strong market position. Bayer reported sales revenue of over $41 billion in 2020, further solidifying its position as a major player in the agrochemical industry.

Overall, the pyrethroid market is highly competitive, with key players such as Sumitomo Chemical, Yangnong Chemical, and Bayer leading the industry. These companies are expected to drive market growth in the future through product innovation, strategic partnerships, and expansion into new markets.

What Are The Key Opportunities For Pyrethroid Manufacturers?

The global pyrethroid market is experiencing significant growth due to the increasing demand for effective insecticides in agriculture and public health sectors. The market is expected to continue growing at a steady pace due to the rising awareness about vector-borne diseases and the need for pest control in food production. Additionally, the development of new pyrethroid formulations and technologies is expected to drive further market growth in the coming years. Overall, the future outlook for the pyrethroid market is optimistic, with increasing investments in research and development expected to drive innovation and growth in the industry.

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Market Segmentation

The Pyrethroid Market Analysis by types is segmented into:

Lambda-cyhalothrin
Deltamethrin
Cypermethrin
Bifenthrin
Permethrin
Others

Pyrethroids are a type of synthetic insecticide widely used in agriculture, public health, and household applications. The main market types of pyrethroids include Lambda-cyhalothrin, Deltamethrin, Cypermethrin, Bifenthrin, Permethrin, and Others. These pyrethroids are effective against a wide range of pests and insects, providing long-lasting protection. Lambda-cyhalothrin is known for its high potency, Deltamethrin for its broad spectrum of activity, Cypermethrin for its fast knockdown effect, Bifenthrin for its residual activity, and Permethrin for its low toxicity to mammals.

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The Pyrethroid Market Industry Research by Application is segmented into:

Agriculture
Public Health

Pyrethroids are widely used in the agriculture sector as pesticides to control and manage various insects and pests that can harm crops and reduce yields. They are also utilized in the public health market to combat disease-carrying vectors like mosquitoes and ticks. Their effectiveness, low toxicity to mammals, and environmental friendliness make pyrethroids a popular choice for pest control in both agriculture and public health applications.

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In terms of Region, the Pyrethroid Market Players available by Region are:

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The pyrethroid market is expected to witness significant growth in regions such as North America (NA), Asia Pacific (APAC), Europe, United States of America (USA), and China. Among these regions, China is projected to dominate the market with a market share of 40%, followed by North America with 25%, Europe with 20%, USA with 10%, and APAC with 5%. This indicates a promising outlook for the pyrethroid market across these key regions.