PYRETHROIDS MARKET ANALYSIS

Regional Analysis

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North America has dominated the global pyrethroids market for many years due to strong agricultural and pest control industries in the region. The region is expected to account for 33.3% of the market share in 2024. The large scale farming operations and extensive use of pesticides in crops such as corn, soybean, and wheat have contributed to North America being the largest consumer of pyrethroids. Several leading manufacturers of insecticides and pest control products are also headquartered in the U.S. and Canada, allowing for the easy availability of a wide pyrethroids product range. In addition, the high disposable incomes and growing pest control requirements in residential and commercial sectors across the U.S. have further boosted the pyrethroids demand over the years.

A key region exhibiting rapid growth in the pyrethroids market is Asia Pacific. Various factors are driving the market growth in Asia Pacific. The growing population levels along with expanding urban infrastructure and construction activities have raised insect infestation risks, increasing the need for pest control measures. Asia Pacific is also a major agricultural production base, with vast tracts of land under rice, fruits and vegetables cultivated across nations such as India and China. This has surged the pyrethroids consumption for crop protection. Moreover, several pyrethroids producers have set up manufacturing bases in Asia Pacific countries to take advantage of lower costs and cater to the rising local and export demand.