Pyrethrin Market Growth, Demand & Opportunities
Pyrethrin is extracted from the chrysanthemum flower, which is a plant native to Asia, Eastern Africa, and Northeastern Europe. In today’s age, this plant is grown all over the world. In North America, this plant is known as a decorative autumn flower called mum. These plants use pyrethrin as a natural defense mechanism that helps them to protect themselves against various pest animals and insects. The insect and pest killing characteristics of pyrethrin make the compound extremely beneficial in the agriculture sector.
“Pyrethrin is commonly used as an insecticide for protecting crops from insects, mites, thrips, and moths”. “This compound is also used in pet shampoos for preventing tick bites in pet animals”. In addition to this, the compound has the ability to serve as an effective pest killing chemical and is therefore, widely used in the agriculture sector. Furthermore, the increasing awareness amongst people about the various diseases caused by insects is making pyrethrin highly sought after across the world.
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Due to the above-mentioned factors, “the global pyrethrin market will register huge growth in the future years”, as per the estimates of the market research company, P&S Intelligence. Apart from being used as insecticides in the agriculture and household sectors, pyrethrins are also extensively used in the industrial and animal healthcare sectors. Amongst these, the usage of pyrethrins will be very high in the agriculture sector in the coming years. This is because of the heavy utilization of the chemical for pest control. Furthermore, the demand for household insecticides is expected to rise significantly in the upcoming years.
On the other hand, in the APAC region, the insecticides are being increasingly used in the agriculture sector in various agriculture-based countries such as India and China.
Hence, it can be said without any hesitation that the demand for pyrethrin will increase tremendously across the world over the next several years, primarily because of its large-scale usage as an insecticide and pesticide in the agriculture and household sectors.
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