The Global Pyrethroid Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Pyrethroid Market is estimated to be $4.85 USD billion and predicted to rise to $ 6.34 USD billion with a CAGR of 5.5%. The market is segmented by Active ingredient type (Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-cyhalothrin), by Crop type (Cereals & grains, Oilseeds & Pulses, Fruits & vegetables). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market growth is mainly driven due to factors like rising disposable income levels, rising population and food security. Also, the demand for the new and various pyrethroids products with better yield of crops and quality products, is increasing in the market. But, the market growth is feared to decline due to strong government control over the harmful effects of chemicals.
Based on Active ingredient type, Bifenthrin pyrethroids accounts for the largest share and followed by deltamethrin pyrethroids. Based on Crop Type, oilseed crops & pulses accounts for the largest share, followed by fruits & vegetables. By geography, Asia Pacific market is growing at very high rate, due to rising disposable income levels, rising population and food security. The European market would grow at a rather static pace, due to strong government control over the harmful effects of chemicals. Asia-Pacific is the largest market for oilseed crops & pulses, followed by the European region.
FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd., BASF SE and Adama agricultural solutions are the major players of Global Pyrethroid market.
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