Pyrethroids Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Cereals & Grains is the fastest growing segment, Asia-Pacific is the largest market globally

The Global Pyrethroids Market, valued at USD 3.39 Billion in 2024, is projected to experience a CAGR of 4.52% to reach USD 4.42 Billion by 2030. Pyrethroids are a class of synthetic insecticides designed to mimic the naturally occurring pyrethrins, offering broad-spectrum control against a diverse array of insect pests. The market's expansion is fundamentally driven by the escalating global demand for food, which necessitates effective crop protection solutions to safeguard agricultural yields.

Key Market Drivers

The escalating global demand for food and the imperative for enhanced agricultural productivity are critical drivers in the pyrethroids market. As the world population continues to grow, the pressure on agricultural systems to produce higher yields intensifies, necessitating effective crop protection solutions against a wide array of pests. Pyrethroids offer broad-spectrum control, safeguarding crops from insects that can significantly reduce harvestable produce. According to the Food and Agriculture Organization of the United Nations (FAO), in July 2024, the forecast for global cereal production in 2024 was updated to 2.85 billion tonnes, a new all-time high, underscoring the ongoing need for robust pest management to sustain and increase these vital outputs.

Key Market Challenges

A significant challenge impeding the growth of the global pyrethroids market stems from intensified regulatory scrutiny and mounting environmental concerns regarding their potential impact on non-target species and aquatic ecosystems. This heightened oversight directly translates into increased operational complexities and financial burdens for manufacturers. Strict regulations concerning product registration, residue limits, and environmental impact assessments necessitate substantial investment in research, development, and compliance efforts.

Key Market Trends

The emergence of advanced, environmentally friendlier pyrethroid formulations marks a significant market trend, driven by escalating regulatory scrutiny and a global demand for sustainable pest control solutions. Manufacturers are increasingly developing innovative products that reduce environmental impact while maintaining high efficacy. According to CropLife Europe, in November 2024, its members collectively invested €2.4 billion into biopesticide innovation between 2015 and 2023, indicating a strong industry shift towards greener chemistries. This commitment is exemplified by FMC's launch of Ethos Elite LFR insecticide/biofungicide in November 2023, a premix combining a trusted pyrethroid with two biological strains for broad-spectrum control, promoting healthier crop development in the U. S. market.

Key Market Players Profiled:

• Bayer AG
• ADAMA Agricultural Solutions Limited
• BASF SE
• DuPont de Nemours, Inc.
• The Dow Chemical Company
• FMC Corporation
• Nufarm Ltd
• Sumitomo Chemical Co. Ltd
• UPL LTD
• Syngenta Crop Protection AG

Report Scope:

In this report, the Global Pyrethroids Market has been segmented into the following categories:

By Type:

• Bifenthrin
• Deltamethrin
• Permethrin
• Cypermethrin
• Cyfluthrin
• Lambda-Cyhalothrin
• Others

By Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pyrethroids Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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