Cyromazine Market, by Application (Crop Protection and Veterinary Medicines ), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022

Code : CMI2426

Pages :127

Formats :

Excel and PDF

Industry : Agrochemicals

Cyromazine MarketSize and Trends

Global cyromazine market was valued at US$ 1.4 Million in 2021 in terms of revenue, exhibiting a CAGR of XX% during the forecast period (2022 to 2030).

Figure 1. Global Cyromazine Market Value Share (%), By Region, 2021

Market Trends

Increasing demand for environmentally safe crop protection products is expected to drive growth of the cyromazine market, owing to benefits offered by cyromazine such as low toxicity and lesser harmful impact on the environment. According to the USDA report on agricultural statistics published in 2017, domestic utilization of grains increased from 349.8 million metric tons in 2015 to 368 million metric tons in 2016 in the U.S. Therefore, growing agricultural sector is expected to result in increasing crop protection requirements, which in turn is expected to drive demand for cyromazine.

Figure 2. Global Cyromazine Market Value Share (%), By Application, 2021

Among applications, crop protection segment accounted for the largest revenue share of 78.4% in the global cyromazine market in 2021. There is high demand for insect growth regulators such as cyromazine in the agriculture industry to protect crops from insects and thereby improve agriculture production.