The pyrethroids market has witnessed significant growth over the past few years owing to increasing demand for organic and green pesticides around the world. Pyrethroids are synthetic chemical ingredients developed from the dried flower heads of certain Chrysanthemum plants which exhibit strong insecticidal properties and are considered safer alternatives to conventional pesticides. These compounds are widely used to control various harmful insects such as mosquitoes, flies, cockroaches, lice, scabies and agricultural pests. Some key advantages of pyrethroids include low mammalian toxicity, biodegradability, and broad spectrum of activity. The growing global population has increased agricultural production and need for crop protection, driving demand for pyrethroid pesticides.

The Global Pyrethroids Market is estimated to be valued at US$ 4819.8 Bn in 2024 and is expected to exhibit a CAGR of 43% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the pyrethroids market are AVT Natural, Archer Daniels Midland Company, Blueberry Agro, Cymbio Pharma Pvt Ltd., Harrisons Malayalam Ltd., Indena S.p.A., Martin Bauer Group, Synthite Industries Ltd., Synergy Flavors, Teawolf, Martin Bauer Group., and Taiyo International. These key players account for a significant share of the market.

Pyrethroids Market Size have witnessed increasing demand owing to growing consumer preference for organic food and insecticide alternatives. Concerns around health hazards from synthetic chemicals have boosted demand for natural and plant-based pyrethroid pesticides globally.

Several manufacturers have expanded their geographic presence over the past few years to leverage growth opportunities in emerging markets. Europe and North America currently dominate the market for pyrethroids. However, Asia Pacific region is expected to exhibit fastest growth over the forecast period owing to rising agricultural activities and increasing adoption of pyrethroids in developing countries such as India and China.

Market Drivers

Increasing organic farmland is a major driver accelerating the growth of the global pyrethroids market. There has been a significant rise in demand for organic food products owing to rising health concerns regarding consumption of food crops grown using chemical pesticides and fertilizers. This has incentivized farmers across the world to switch to organic farming techniques including use of natural plant-derived pyrethroid pesticides. The global area of organic agricultural land has grown continuously over the past few years and is expected to further augment demand for pyrethroids.

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