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PYRETHROIDS MARKET ANALYSIS

Pyrethroids Market, By Type (Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Alphacypermethrin, Lambda-Cyhalothrin, and Others (Cyfluthrin, etc.)), By Application (Agriculture, Public Health, and Animal Health), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Pyrethroids Market Size and Trends

The pyrethroids market is estimated to be valued at USD 3.87 Bn in 2024 and is expected to reach USD 5.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

Pyrethroids Market Key Factors

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Pyrethroid insecticides are widely used in agriculture globally due to their low mammalian toxicity and high efficacy against various insect pests. The increasing demand for food due to the rising global population has been driving the need for enhancing agricultural productivity, which, in turn, is boosting the adoption of pyrethroid insecticides. The agriculture segment accounts for the majority of demand for pyrethroids currently due to their widespread use in controlling various insect pests that damage crops. Within agriculture, the demand is the highest from the fruits & vegetables and cereals segments. However, with growing awareness and stringent regulations regarding the use of toxic chemicals in agriculture, the market is witnessing a shift towards more environment-friendly biopesticides. This is expected to slightly hamper the growth of the conventional pyrethroids market going ahead. Moreover, expanding applications in public health programs for mosquito control would provide new avenues of growth for the players in this market during the forecast period.

Increasing agricultural use of pyrethroids

Pyrethroids are being used increasingly in agricultural activities around the world. With growing populations and rising food demand, agricultural production is expanding rapidly. However, farmers are facing big challenges from pests and diseases that damage crops. Pyrethroid insecticides have proven to be an effective tool in protecting crops from a wide range of harmful insects. They are less toxic to humans and other mammals compared to older pesticides. Due to their low mammalian toxicity and high insecticidal potency, pyrethroids are preferred by many farmers.

As agriculture intensifies to meet rising food needs, pest problems are also increasing in both quantity and complexity. Many types of insects are developing resistance to conventional insecticides. Pyrethroids continue working against resistant insects better than old pesticides. Additionally, strict regulations restricting the use of highly hazardous pesticides are pushing farmers to adopt safer alternatives like pyrethroids. Regulatory authorities in major markets are promoting the use of reduced-risk pest control options. This supportive regulatory environment is boosting the sales of pyrethroid insecticides in agriculture.

Rising agricultural mechanization is another driver. Equipment and machinery used in various agricultural activities leaves more opportunities for insect infestation. Machinery parked for longer durations can accumulate insect colonies. Pyrethroids are proving effective in clearing insect infestations from agricultural implements and machinery. They are also used for protecting stored grains and crops from post-harvest losses due to insects. As agricultural practices modernize in developing nations, the protective use of pyrethroids is growing both pre-harvest and post-harvest.

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Increasing vector control use of pyrethroids

Vector-borne diseases transmitted by mosquitoes, flies, and other insects continue posing serious health threats around the world. According to the World Health Organization, vector-borne pathogens account for over 17% of all infectious diseases. Diseases like malaria, dengue, Lyme disease, African sleeping sickness, and Zika are inflicting immense suffering. Effective control of disease spreading insects and parasites is critical for public health.

Pyrethroids have established themselves as one of the frontline weapons against vectors of diseases. They are widely used for indoor residual spraying and insecticide treated bed nets. Products containing pyrethroids are proven to provide lasting protective effect against mosquito bites when applied properly on surfaces.

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