[FURL=https://www.industryarc.com/Report/15912/deltamethrin-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Deltamethrin Market[/FURL] size is forecast to reach US$ 420.1 million by 2026, after growing at a CAGR of 3.6% during 2021-2026 owing to growing demand in the agriculture sector. Deltamethrin is a pyrethroid ester insecticide and is widely used for the production of long-lasting insecticides nets in controlling malaria vectors. Deltamethrin is constructive against insects nets which includes orthoptera, aphids, psylla, Heteroptera, Lepidoptera, and Diptera. Moreover, Deltamethrin is commonly used in agriculture to protect crops from insects and increase production. According to the Food and Agriculture Organization of the United Nation, the global GDP share of Agriculture is around 4% and the global workforce (884 million people) are involved in agriculture activities in 2019.Key Takeaways
The Asia Pacific is expected to register a CAGR of 4.6% during the forecast period (2021-2026). The increasing agriculture production in Asian countries such as China, India, Japan, and South Korea is driving the market demand for Deltamethrin.
Communicable diseases such as malaria, dengue, chickenpox are growing the demand for deltamethrin owing to the threat, the government and local bodies are taking initiatives to control the spread of diseases.
The growing adoption in the non-agriculture sector is supporting market growth. Deltamethrin is widely used in the public and household sector to control the spread of insects, bedbugs, cockroaches eventually fueling the deltamethrin market.
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Deltamethrin Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the deltamethrin market in 2020 up to 33%, owing to the presence of a large amount of agriculture production. The growing demand for crops and rising cultivation due to the increasing population drive the market growth in the region. According to Invest India, Agriculture holds 16.5% of GDP in India, and around 58% of the population's livelihood is based on Agriculture activities. The growing urbanization and large population in countries like China holding 1.44 billion, India with 1.39 billion, Indonesia with 273 million, Taiwan with 23.8 million population are driving the market of Deltamethrin during the forecast period.
Deltamethrin Market Drivers:
Growing Mosquito and Bedbugs related diseases
Increasing demand for Insecticides in Agriculture
Deltamethrin Market Landscape
The Major players in the Deltamethrin market include Bayer CropScience AG, Rotam, Nufarm Limited, FMC Corporation, Heranba Industries Ltd., Pharma AS, Virbac, Tagros Chemicals India Ltd., Jiangsu Yangnong Chemical, Gharda Chemicals, Sumitomo Chemicals and Other Companies
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