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Report Overview
The global pyrethroids market reached a value of USD 3.74 billion in 2024. The market is further expected to grow at a CAGR of 4.5% in the forecast period of 2025-2034 to reach a value of approximately USD 5.59 billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The market for pyrethroids is being driven by rising global food demand, as managing pests effectively becomes crucial to boosting crop production.
- Environmentally concerned consumers and regulators are drawn to pyrethroids due to their increased safety and efficacy as a result of recent developments in biopesticide formulations.
- As agricultural methods change and pest management requirements increase, pyrethroid manufacturers have a tremendous opportunity to expand into emerging countries, thereby propelling the growth of the pyrethroids market.
Competitive Landscape
Pyrethroids market players are focusing on profits through investments in R&D and innovation with improved product formulation that increases their effectiveness and safety. Portfolio extensions include a broader choice of pest control solutions. Strategic partnerships with agricultural companies and distributors increase access to the market for the pyrethroids companies. A rise in focus on sustainable practices and integrated pest management solutions attracts the conscience of the environment-conscious consumer, further catapulting sales and profitability.
Key Market Players
Key industry leaders in this market are:
BASF SE
BASF SE is a chemical manufacturing company that is credited to originate in Germany and was founded in 1865. Its headquarters are located in Ludwigshafen, Germany. The pyrethroid insecticides developed by this company for commercial use are Fastac and Killing, which are used for agricultural and pest control purposes and have many considerations for efficacy and environmental safety.
FMC Corporation
FMC Corporation is a Philadelphia, Pennsylvania-based company founded in 1884, which provides agricultural solutions. Their list of pyrethroids includes Talon and Hero among others used for pest control that can be found both on crops and homes and, while potent, have the least harm to beneficial insects.
Bayer CropScience Limited
Bayer CropScience Limited is a firm that originated in 1863, with its head office located at Leverkusen, Germany. The chemical pyrethroid insecticides produced by them include Deltra, which assists people in giving the possibility of an effective pest management solution with sustainable farm and crop handling and integrated pest management strategies.
Other market players in the pyrethroids industry include Syngenta, among others.
Pyrethroids Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global pyrethroids market reached a value of USD 3.74 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.5% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 5.59 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising food demand, favourable properties of the product, and the growing agriculture sector.
The introduction of innovative farming practices, the improved production and enhanced efficient delivery of pyrethroids, and the growing demand for pyrethroids in cloth treatment and mosquito control are the key trends guiding the market development.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major product types in the market are Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, and Lambda-Cyhalothrin, among others.
The leading crop types in the market are cereals and grains, oilseeds and pulses, and fruits and vegetables, among others.
Lepidoptera, sucking pests, Coleoptera, Diptera, and mites, among others, are the major pest types in the market.
The leading players in the market are BASF SE, FMC Corporation, Bayer CropSciene Limited, and Syngenta, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124