What Does the Historical and Current Pyrethroids Market Size Trend Indicate?
The pyrethroids market has seen considerable growth due to a variety of factors.
•In recent times, the pyrethroids market has experienced significant expansion. It is projected to increase from $3.89 billion in 2024 to $4.09 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
The upsurge during the historic phase can be linked to escalated pest problems in agriculture, the transition from organophosphates to pyrethroids, urban growth, improved agriculture procedures, public health worries and the control of vectors.
How Will the Pyrethroids Market Size Evolve over the Forecast Period?
The pyrethroids market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of pyrethroids is projected to experience robust expansion in the forthcoming years, reaching $5.22 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%.
The escalation during the prediction period is primarily driven by factors such as the rising demand for organic farming, the advent of innovative pest variants, extended public health initiatives, an excessive increase in agricultural practices, and heightened public awareness of insect-related illnesses. The forecast period will see significant trends such as advanced technological innovations in the formulation of pyrethroids, the introduction of biopesticides as a replacement for pyrethroids, precision and targeted agricultural practices, collaborative research and development efforts, and increased usage in non-agricultural contexts.
Which Factors Are Boosting Growth In The Pyrethroids Market?
The proliferation of diseases transmitted by vectors is projected to fuel the pyrethroid market's expansion. Vector-borne illnesses are diseases instigated by pathogens and parasites, transmitted to humans via bites from infected arthropods like mosquitoes, ticks, and fleas. Factors such as climate change, which increase the habitats for vectors like mosquitoes and ticks, causing them to prosper in new areas, attribute the escalation in vector-borne diseases. Moreover, urbanization, deforestation, and increased contact between humans and animals generate favorable conditions for disease transmission, intensifying the spread of these diseases. Pyrethroids, as synthetic pesticides, are extensively used to control the mosquito and tick populations that spread such diseases. For example, as per GOV.UK., a public sector information website developed by the Government Digital Service, 2004 cases of malaria were reported in England, Wales, and Northern Ireland in 2023 after travelling overseas, in comparison to 1369 cases in 2022. Therefore, the increasing incidence of vector-born diseases is fueling the growth of the pyrethroid market.
What Key Areas Define The Segmentation Of The Global Pyrethroids Market?
The pyrethroids market covered in this report is segmented –
1) By Product Type: Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, Other Types
2) By Non-Crop Based: Turfs, Ornamentals, Other Non-Crops
3) By Pest Type: Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, Other Pest Types
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
Subsegments:
1) By Bifenthrin: Agricultural Formulations, Residential Use Formulations, Specialty Applications
2) By Deltamethrin: Agricultural Insecticides, Public Health Applications, Household Insecticides
3) By Permethrin: Agricultural Products, Household Insect Sprays, Fabric Treatments
4) By Cypermethrin: Agricultural Insecticides, Veterinary Products, Residential Use Products
5) By Cyfluthrin: Indoor Insecticides, Outdoor Insecticides, Specialty Pest Control Products
6) By Lambda-Cyhalothrin: Agricultural Formulations, Residential Insecticides, Professional Pest Control Products
7) By Other Types: Fenvalerate, Esfenvalerate, Other Specialty Pyrethroids
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How Are Emerging Trends Reshaping The Dynamics Of The Pyrethroids Market?
In the sphere of the pyrethroids market, a major evolving trend relates to product innovations. Firms involved in the pyrethroids industry are leveraging novel technologies to uphold their influence within the marketplace. As a case in point, in August 2023, a chemical manufacturing entity based in Ankeny, Albaugh LLC, unveiled a new form of soybean insecticide named Afiado. This is an amalgamation of Acetamiprid and Bifenthrin and is aimed at curbing the issue of soybean stinkbugs, a pest known for their difficult nature to control, particularly in Brazil. The dedication of Albaugh towards agricultural novelty and sustainability is demonstrated in their creation of the Afiado pesticide. This provides cultivators with an innovative method to manage soybean stinkbugs and safeguard their crops. This newly introduced compound merges acetamiprid, a pyrethroid insecticide, and bifenthrin, an insecticide with a broad-spectrum, meant to combat a diverse range of crop pests.
Who Are the Key Players in the Pyrethroids Market?
Major companies operating in the pyrethroids market include:
• BASF SE
• Dow Inc.
• Bayer CropScience AG
• Rallis India
• Sumitomo Chemical Co Ltd.
• Heranba Industries Limited
• DuPont de Nemours Inc.
• United Phosphorus Limited
• FMC Corporation
• Nufarm Limited
• Meghmani Organics Ltd
• Jiangsu Yangnong Chemical Co. Ltd.
• Nanjing Red Sun Co.Ltd.
• Bonide Products LLC
• Gharda Chemicals Limited
• Tagros Chemicals India Pvt Ltd.
• Bharat Rasayan Ltd.
• Hemani Industries Limited
• Adama Agricultural Solutions Ltd.
• Shandong Dacheng Pesticide Co. Ltd
• Syngenta AG
• SinoHarvest Corporation
• Shanghai Mingdou Chemical Co Ltd.
• Dalian Sinobio Chemistry Co. Ltd
• Jiangsu Huangma Agrochemicals Co. Ltd.
What Is The Most Dominant Region In The Pyrethroids Market?
Asia-Pacific was the largest region in the pyrethroids market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the pyrethroids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
