The global pyrethrin market is worth USD 62.8 million in 2023 and is to reach a valuation of USD 86.04 million by 2028, growing at a CAGR of 6.5% during the forecast period from 2023 to 2028.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the fertilizers industry. Pyrethrins are a bunch of naturally found insecticides that are obtained from dried flowers of pyrethrum daisy. As pyrethrins are decomposable and have less impact on human health and the environment, they are used over conventional insecticides like organochlorides and organophosphates. Pyrethrums, the raw material used to get pyrethrins, are found in countries like Kenya, Rwanda, Tanzania, Papua New Guinea, Italy, Brazil, Morocco, and Tunisia. Other than agricultural use, pyrethrins find their major use in veterinary pharmaceuticals, domestic pest control, animal nutrition, timber protection, and disease control.
The key factors propelling the global pyrethrin market are the increasing demand for hygienic products by households, combined with the rising global population and changing lifestyles. Moreover, owing to its natural origin, pyrethrin is highly demanded in the industrial as well as household sectors.
As pyrethrin is found naturally in nature, there is a major constraint for manufacturers, which poses a key restraint of the global market. Also, pyrethrin is very sensitive to sunlight, heat, and moisture which limits its use in the farming sector.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 to 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 to 2028 |
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CAGR |
6.5% |
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Segments Covered |
By Type, Pest Type, Application, and Region. |
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Various Analyses Covered |
Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Sinclair Animal & Household Care Ltd (Gainsborough, U.K.), Botanical Resources of Australia (Tasmania, Australia), Horizon Sopyrwa (Rwanda, Africa), Beaphar UK (Haverhill, U.K.), Elanco (Indiana, U.S.) and Others. |
This research report on the global pyrethrin market has been segmented and sub-segmented based on the type, pest type, application, and region.
Global Pyrethrin Market - By Type:
Global Pyrethrin Market - By Pest Type:
Global Pyrethrin Market - By Applications:
Global Pyrethrin Market - By Region:
The global pyrethrin market was dominated by North America. The Asia Pacific is supposed to show the highest CAGR during the forecast period.
KEY MARKET PLAYERS:
Sinclair Animal & Household Care Ltd (Gainsborough, U.K.), Botanical Resources of Australia (Tasmania, Australia), Horizon Sopyrwa (Rwanda, Africa), Beaphar UK (Haverhill, U.K.), Elanco (Indiana, U.S.). are some of the major key players involved in the pyrethrin market.
Frequently Asked Questions
The global pyrethrin market is worth USD 62.8 million in 2023.
The Pacific Northwest region in North America, particularly the United States, contributes significantly to the production of pyrethrin, with the cultivation of Chrysanthemum cinerariaefolium.
Crops such as vegetables, fruits, and rice in Asia-Pacific benefit significantly from the application of pyrethrin.
The key factors propelling the global pyrethrin market are the increasing demand for hygienic products by households, combined with the rising global population and changing lifestyles.
Sinclair Animal & Household Care Ltd (Gainsborough, U.K.), Botanical Resources of Australia (Tasmania, Australia), Horizon Sopyrwa (Rwanda, Africa), Beaphar UK (Haverhill, U.K.), Elanco (Indiana, U.S.).
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