Pyrethroid Market is segmented By Type (Type 1 Pyrethroid, Type 2 Pyrethroid, Fenpropathrin), By End User (Agriculture, Pharmaceutical, Industrial, Residential & Commercial Buildings, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Pyrethroid Market Size
The global pyrethroid market reached USD million in 2023 and is projected to witness lucrative growth by reaching up to USD million by 2031. The market is expected to exhibit a CAGR of 6.4% during the forecast period (2024-2031).
Insecticides for residences, pet sprays, and shampoos consist of pyrethroids and adhere to many other commercially available pest management treatments. Some pyrethroids are additionally applied topically to the head for the treatment of lice and as spray-on insect repellents for clothing. These are the major factors that are driving the pyrethroid market growth.
Moreover, these are used for the control of a variety of insects in industries, residences, and agricultural activities. These organic compounds are considered relatively safe insecticides to mankind, owing to their lower mammalian skin absorption and lower toxicity compared to organophosphate insecticides. Thus, these are insecticides of choice for household pest management applications, which is increasing demand for pyrethroids.
Pyrethroid Market Summary
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Metrics |
Details |
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CAGR |
6.4% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, End User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
North America |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Pyrethroid Market Dynamics
ITNs, Selective Toxicity, and rising demand for food will drive the pyrethroid market growth.
Pyrethroids are known for their high effectiveness and safety, which is a key factor that is responsible for the pyrethroid market growth. The pyrethroid market trends reveal that pyrethroids are the least expensive of the insecticides used in malaria vector control and are the only class available for use on ITNs (Insecticide-treated bed nets). All types of ITNs currently recommended by WHO are treated with pyrethroids.
The rising awareness towards the efficiency of pyrethroids for use in the control of a wide array of insects with minimal effect on humans, birds, and animals is the major factor driving the growth of the pyrethroids market. In 2021, the US EPA (Environmental Protection Agency) increased the amount of pyrethroid exposure considered safe for children threefold, which resulted in lower risk estimates for many pyrethroids, which will further increase the usage of pyrethroids.
The high selective toxicity of these compounds enables easy and effective use for insect control in household and agricultural communities, which provides market opportunity for manufacturers across the world. The exhaustive applications of pyrethroid across residential and agricultural industries is a key factor driving the market growth of pyrethroids.
Behavioral changes in insects is impeding market growth.
The quick-paced photodegradation associated with high susceptibility to moisture and heat are restricting the effectiveness of pyrethroids in agriculture applications. However, the potential benefits of pyrethroids are motivating chemical manufacturers towards the development of sunlight-stable products.
Furthermore, the behavioral and genetic changes in insects that result in resistance to pyrethroid treatment are acting as a major restraint for the growth of the market. Also, pyrethroids are associated with neurological disorders and cardiovascular diseases in humans. The EPA (Environmental Protection Agency) is reevaluating a total of 23 pyrethroids. However, 13 have been approved with new restrictions while 10 are pending assessment.
Pyrethroid Market Segment Analysis
The global pyrethroid market is segmented based on type, end user, and region.
Rising demand for type1 pyrethroid is expected to drive the segment growth
The global pyrethroid market has been segmented by type into type 1, type 2, and Fenpropathrin. The type1 segment held the largest market share of 58.7% in 2022. The segment is evolved as the largest class of pyrethroids in terms of sales value, owing to the widespread use of bifenthrin in various plants such as cereals, cotton, corn, grass seed, alfalfa, and a few fruit and vegetable species.
The high toxicity to aquatic organisms increased the use of Bifenthrin in household and industrial pest management. The rising utilization of Permethrin as a medication to treat scabies is also supporting the growth of type 1 pyrethroids. With a share of over 50%, agriculture evolved as the largest end-user of the global pyrethroid market, owing to its wide use as a pesticide in farming practices.
Global Pyrethroid Market Geographical Share
The high demand for pyrethroid in Asia-Pacific
The global pyrethroid market is segmented into six parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. Due to the widespread usage of pesticides in countries like China, India, and Pakistan, the Asia Pacific region has emerged as the main market with 54% in the overall pyrethroids market share.
Precision farming is becoming more popular, and the use of efficient crop protection tools is increasing the need for high-performance insecticides. In addition, agricultural farming practices have advanced, and the usage of pyrethroid in materials and chemicals operations has increased. These factors are driving the growth of the pyrethroid market share in this region by increasing food demand and reducing arable land per capita.
Pyrethroid Market Key Players
The major global players in the market include The Merck Group, Bayer AG, Sumitomo Chemical Co., Ltd., Syngenta AG, Heranba Industries Limited, Tagros Chemicals India Ltd., Nufarm, BASF SE, ADAMA Agricultural Solutions, and FMC Corporation.
COVID-19 Impact on Pyrethroid Market
Global Recession, Ukraine-Russia War, COVID-19, and Artificial Intelligence Impact Analysis:
Inflation of food and gasoline will continue to be a significant economic issue. The trust of customers and spending will be impacted by higher retail inflation. The government's efforts to control inflation by raising interest rates will limit the creation of new jobs, which will have an effect on economic activity and growth. Because of concerns about inflation and decreased demand, businesses are delaying investments, which will result in lower capital spending.
The developed markets appear ready for a recession due to weaker growth and excessive inflation. This year, there is a genuine chance that the globe will experience more severe supply chain pain and manufacturing interruptions because of worries about additional COVID outbreaks and China's already hazy post-pandemic future.
Prices rose as a result of rising costs for natural gas and coal, which are important feedstocks and energy sources in the production of nitrogen fertilizers, as well as certain cuts in production capacity on the supply side. A difficult year is anticipated for the majority of markets, investors, and consumers in 2023. However, organizations and their leaders who can forge a future with resiliency and adaptation will always have opportunities.
Key Developments
- In June 2022, insecticides containing the patented active ingredient Flupyrimin have been introduced in India by UPL Limited, a global producer of sustainable agricultural solutions, to combat the most destructive rice pests. The launch has taken place during the Kharif crop sowing season, which normally begins in June and is when rice is sown as the primary crop.
- In May 2020, FMC Corporation launched Elevest Insect Control integrated with Reliable Broad-Spectrum Activity. Rynaxypyr active, the industry standard for controlling Lepidopterans, is combined with full rates of bifenthrin, the top pyrethroid, in the new Elevest insect control.
Why Purchase the Report?
- To visualize the global pyrethroid market segmentation based on type, end user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of Pyrethroid market-level with all segments.
- PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available as Excel consisting of key products of all the major market players.
The global Pyrethroid market report would provide approximately 93 tables, 109 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
