Pyrethroid Market Trend and Pyrethroid Producers
Pyrethroid is a group of man-made insecticides similar to the natural pesticide pyrethrum. Pyrethroid is used as agricultural and household insecticides. The household pyrethroid includes insect repellent products, pet sprays and shampoos and lice treatment products. The advantages of pyrethroid include less toxic, lower quantities, biodegradability and cost efficiency compared to the conventional insecticides.
The global pyrethroid market size was $2.9 billion in 2017 and will grow to $4.5 billion in 2022, with a CAGR of 9.2% from 2017 to 2022. The pyrethroid market size is expected to grow to $5.1 billion in 2027, with a CAGR of 2.5% from 2022 to 2027.
Figure 2017-2027 Global Pyrethroid Market Size (Billion USD) and CAGR
The global leading producers of pyrethroid are FMC, Sygenta, Bayer, Corteva, Sumitomo Chemical, BASF, UPL, Nufarm. There are also some local players including Hemani Industries, Heranba Industries Limited, The Merck Group, Tagros Chemicals, ADAMA Agricultural Solutions, SinoHarvest Corporation,, Cheminova, Arysta Lifescience, Shanghai Mingdou Agrochemical, Yangnong Chemical, Meghmani, Changlong Agrochemical, Hengdian Group, Jiangsu Huangma Agrochemicals, Jiangsu Chunjiang, Jiangsu RedSun, Shanghai Tenglong Agrochem, Guangdong Liwei and Gharda Industries.
According to the end-use, the application of pyrethroid can be split into agriculture, animal health, public health and household.
Figure 2021 Global Pyrethroid Market Share by Application
APAC is the largest consumption regions of pyrethroid which is driven by the rising demand for hygiene products and pyrethroid insecticides. The emerging APAC countries, including China, India, Vietnam, and Thailand, are the significant consumers of pyrethroid insecticides for various cereal and grain crops. South America is the second largest consumption regions of pyrethroid is propelled by the increasing demand for hygienic household product and Intense cultivation of soybeans, corn, potatoes, sugarcane and sugar beets.
