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Written by Business News » Updated on: October 23rd, 2024
IMARC Group, a leading market research company, has recently released a report titled "Pyrethroids Market Report by Product Type (Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, and Others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Pest Type (Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, and Others), and Region 2024-2032". The study provides a detailed analysis of the industry, including the pyrethroids market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global pyrethroids market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/pyrethroids-market/requestsample
Factors Affecting the Growth of the Pyrethroids Industry:
Thriving Agriculture Sector:
Pyrethroids play a pivotal role in modern agriculture by effectively controlling pests on crops. The growing demand for numerous food products due to the rising population across the globe is offering a positive market outlook. Farmers rely on pyrethroids to safeguard their yields from pests and provide high-quality products to consumers. These chemicals offer a cost-effective solution for pest management, helping farmers maintain high crop productivity. In addition, pyrethroids are versatile for controlling various types of pests, including insects and mites.
Public Health Concerns:
The escalating demand for pyrethroids on account of the increasing public health concerns is bolstering the market growth. Pyrethroids play a crucial role in public health initiatives aimed at controlling disease vectors, such as mosquitoes carrying malaria, dengue, and Zika viruses. The rising awareness among individuals about vector-borne diseases is propelling the market growth. Besides this, governing agencies of numerous countries and health organizations are investing in vector control programs, which is impelling the market growth. These chemicals are preferred for their effectiveness in killing disease-carrying insects while posing minimal risk to humans and animals when used properly.
Increasing Demand for Household Insecticides:
The rising demand for household insecticides for pest control purposes is strengthening the growth of the market. Pyrethroids are commonly used in household insecticides due to their effectiveness against a wide range of household pests, including ants, flies, and bed bugs. The increasing adoption of pyrethroid-based insecticides, as individuals are seeking convenient and reliable solutions to maintain a pest-free living environment, is supporting the market growth. Furthermore, pyrethroids are safer alternatives to conventional pesticides. The growing demand for pyrethroids in households due to improving living standards of individuals is offering a positive market outlook.
Pyrethroids Market Report Segmentation:
By Product Type:
Cypermethrin represents the largest segment as it is versatile in controlling diverse pests.
By Crop Type:
Oilseeds and pulses hold the biggest market share on account of the escalating demand for protein-rich food items among individuals.
By Pest Type:
Lepidoptera accounts for the largest market share due to its ability to cause damage to various crops, including fruits, vegetables, grains, and ornamentals.
Regional Insights:
Asia Pacific enjoys a leading position in the pyrethroids market, which can be attributed to the rising focus on maximizing agricultural productivity.
Global Pyrethroids Market Trends:
The increasing need for advanced pest control measures due to rapid urbanization is contributing to the growth of the market. Pyrethroids are widely used in urban and industrial settings for their efficacy in combating pests like mosquitoes, cockroaches, and rodents. People living and working in urban areas require effective pest management solutions. In addition, the rising demand for pest control to ensure product quality and safety in industrial facilities, such as warehouses and food processing plants, is strengthening the market growth.
Besides this, changes in regulations, such as restrictions on other chemical pesticides, due to their harmful impact on the environment or human health. The growing demand for pyrethroids as safer alternatives is positively influencing the market.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=1591&flag=C
Top Companies Operated in Pyrethroids Industry:
Key Highlights of the Report:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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