[FURL=https://www.industryarc.com/Report/16212/pyrethroids-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] Pyrethroids Market[/FURL] is forecast to reach $3 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. Pyrethroids are used as household insecticide against arthropods (insects) owing to which it is currently used for commercial use. Furthermore, rising demand for food is projected to help global market growth over the forecast period due to the rapidly growing population. The pyrethroids insecticide market is driven by rising demand for hygiene products for the rapidly increasing global population and households, which will create new opportunities for the growth of the global pyrethroids industry in the forecast era.Key Takeaways
Asia Pacific dominated the pyrethroids market due to the increasing production of pyrethroid for insecticides formulations in China and India.
Pyrethroids acts a systemic insecticide that acts as a nervous toxin (inhibits sodium voltage-gated pump axon depolarization) and leads to paralysis and eventual death of the target insects, owing to which the demand for pyrethroids market is expected to rise over the forecast period.
Use of pyrethroids are little toxic to humans and other mammals as well. However, long-term acute exposure in susceptible individuals may lead to skin irritation and other diseases symptomatic of respiratory disorders. Thus, it can create hurdles for the pyrethroids market.
Due to COVID-19 palindrome, some of the supply chain activities are disrupted and there is interruption seen in certain harvesting activities due to the unavailability of migrant labor, particularly in countries where wheat and pulses are harvested.
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Pyrethroids Market Drivers
The rapidly growing population leading to increase the food demand
The population is exponentially growing every day and people contribute to worldwide food demand. As a big strategy to satisfy global food demand, farmers are thus aiming for crop protection.
Increasing demand for deltamethrin insecticides
Deltamethrin is used for killing a wide number of insects in a variety of products. These can be formulated in insecticide products as aerosols, granules, dusts, sprays, and wettable powders. Initially used by farmers to protect agricultural and industrial crops as well as fields and golf courses, deltamethrin insecticides have since been extended for industrial and medical use.
Pyrethroids market top 10 companies are BASF, Bayer CropScience, Nufarm, Dow AgroSciences, SinoHarvest Corporation, Sumitomo Chemical, Syngenta, United Phosphorus, Cheminova, Arysta Lifescience, DuPont, FMC, Monsanto, Shanghai Mingdou Agrochemical, and Adama Agricultural Solutions Ltd
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