Pyrethroid Insecticide Market - Regional Estimates & Trend Analysis by 2018

The global Pyrethroid Insecticide Market is likely to display a significant growth in the near future owing to augmentation in the applications and expansion of the scope across various sectors. Pyrethroid Insecticide is a type of pesticide that is prepared taking into account the study of the natural pyrethrins. The particular chemical functions by aiming at sodium channels existing in the cell membranes of the pest’s nervous system. The manufacturers are adopting various sustainable as well as ecological pest controlling practices that is ultimately boosting up the overall pyrethroids market growth. The Pyrethroid Insecticide Industry is attaining huge recognition across various sectors owing to burgeoning demands and prerequisites.

It is significant that the Pyrethroid Insecticide market is budding at a higher CAGR. The prime causes for the positive market growth may encompass robust industrialization, urbanization, augmented demands for food, technological enhancements, reduction in the land, product development, mounting awareness levels among the end users, rising benefits of the product, efficient insect curbing, burgeoning applications across agricultural sector, and mounting investments by the leading investments.

Also, the manufacturers are taking up various strategies such as partnerships, acquisitions, and joint ventures that is ultimately contributing in the inorganic growth of the Pyrethroid Insecticide Market. On account of all the above factors, it is estimated that the market will register a healthy CAGR in the upcoming period. The factors that are impeding the overall growth of the market may entail implementation of strict environmental regulations on pyrethroids and rise in the concerns among the end users regarding the products toxicity.

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Pyrethroid Insecticide Industry can be split by product type, application, and geography. This industry is segregated by product type as Cypermethrin, Permethrin, Deltamethrin, Allethrin/Bioallethrin, Bifenthrin, Cyhalotrhin, and others. Among all the product types, the Deltamethrin segment is taking up a significant amount of share in the market. Pyrethroid Insecticide Industry is segregated by application as non-crop-based application, crop-based application, and others. Crop-based application segment involves Cereals & grains, Fruits & vegetables, Oilseeds, and others. Non-crop-based application can be further categorized as Turf & Ornamental Grass, and others.

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Among all, the crop-based application is holding the largest share in the market. Pyrethroid Insecticide Market is segmented by geography as North America, Europe, China, Japan, Southeast Asia, and India. Geographically, Asia Pacific is the largest share in the Pyrethroid Insecticide market and it is estimated that the region will continue dominating the market until next couple of years. The factors that can be attributed to the market growth may entail augmented demands in various countries and rising agricultural activities.

Countries including China and India can be deemed as major contributors in the market growth. Conversely, North America is likely to experience the highest growth in the near future owing to rise in the market growth opportunities in the region. The key players operating in the robust development of the Pyrethroid Insecticide Industry are identified as Bayer CropScience AG, United Phosphorus, Dow AgroSciences, Nufarm, BASF SE, and Syngenta.