BETA-CYFLUTHRIN MARKET ANALYSIS

Beta-cyfluthrin is a pyrethroid insecticide and common household pesticide. Beta- cyfluthrin is used for a wide array of insects such as moths, butterflies, grasshoppers, beetles, and weevils in agriculture, in and around the home, and in food handling units. It was introduced in 1995 and approved for use in all the European countries. Insects such as roaches, silverfish, fleas, spiders, ants, crickets, houseflies, ticks, mosquitoes, wasps, hornets, yellow jackets, gnats, and earwigs hinder agriculture production by chewing the leaves of crop plants, sucking out plant juices, boring within the roots, stems or leaves, and spreading plant pathogens.                                                                                                        

Market Dynamics

• Growing urbanization and good agricultural practices such as reducing erosion, scheduled irrigation, and maintaining of manure application are boosting demand for insecticides. Besides removal of vegetation, destruction of pastures and crops, and creation of nuisance in urban and rural residential areas, insects also interfere with nature-based tourism, as it causes the destruction of natural resources.
• However, consumers should take safety measures before using insecticides in outdoor and indoor areas. Exposure to these insecticides can cause sensation of prickling, creeping on skin, numbness, headache, dizziness, nausea, vomiting, and diarrhea. Rapid adoption of organic insecticides and occurrence of health hazards is expected to restraint growth of the beta-cyfluthrin market.
• Europe has directed manufacturers to use precautionary labelling for using cyfluthrin as ingredients in insecticides

Market Outlook

• Among application, agriculture segment was dominant in the market in 2017. Beta-cyfluthrin is used as insecticides for protecting cereals and grains, oilseeds and pulses, and vegetables, owing to their low input cost. The segment is projected to hold dominant position in the market over the forecast period. According to a statistics of Food and Agricultural Organization (FAO), the global production of cereal was 2.85 billion tons in 2016, which grew at the rate of 1.9% from 2015.
• Asia Pacific held highest market share in the global beta-cyfluthrin market in 2017 and is projected to retain its dominance over the forecast period. This is attributed to increasing demand for insecticides in agriculture to improve crop yield. The growing demand for food grains due to increasing population has resulted in increasing demand for pesticides. The government of India had launched an initiative in 2015 for farmers to create awareness about the safe and judicious use of pesticides.
• North America is projected to be the fastest growing region in the market over the forecast period. Growth in the agriculture industry is the most important factor driving growth of the market in North America. According to a statistics by the Food and Agricultural Organization (FAO), production of cereal in 2016 was 531 million tons in North America, which grew at the rate of 9.5% from 2015.

Key players in the Global Beta-cyfluthrin Market

• Key players operating in the global beta-cyfluthrin market include Bayer, Ineos, Aoda Chemical, Zhongteng Chemcial, Youth Chemical, Hongxing Chemical, Weihua Chemical, Zhongchao New Material, and Liyang Organo Synthesis Chemical.
• Key market players are launching new types of products containing beta-cyfluthrin, in order to meet rising demand for these products from consumers. For instance, Bayer India’s Environmental Science business unit launched TempridTM SC in May 2016. This product is recommended to be used in food handling or processing areas of food manufacturing companies to control the number of cockroaches and other insects.
• Mergers and acquisitions, joint ventures, partnerships, and geographical expansions are some of the key strategies adopted by these companies, in order to ensure long term sustenance in the market. In March 2017, FMC Corporation acquired a significant portion of DuPont Crop Protection business to be divested with the European Commission ruling, which is related to the merger of DuPont with The Dow Chemical Company during the same period. FMC Corporation expects to generate a revenue of US$ 1.5 billion in this year through this acquisition.

Market Taxonomy

On the basis of application, the global beta-cyfluthrin market is segmented into:

• Agriculture
• Horticulture
• Household
• Others (Food Companies, Warehouse)

On the basis of region, the global beta-cyfluthrin market is segmented into:

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • U.K.
  • Germany
  • Italy
  • Spain
  • France
  • Russia
  • Rest of Europe
• Asia Pacific
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa