Market Outline: Pyrethroid Market
Pyrethroid is a special active ingredient in modern pesticides of pyrethrum class of pesticides. Pyrethroid insecticides last for a long time in an environment especially when they are protected from sunlight.
Market Dynamics: Pyrethroid Market
Major factors driving the growth of pyrethroid market include an increase in crop loss due to weeds, increase in the population demanding for quality food products, rise in awareness about the crop protection, and product approval from U.S. Environmental Protection Agency. Moreover, development in agriculture farming practices technology, increase in the use of pyrethroid in materials and chemicals industry, and rise in prices of agriculture products are anticipated to propel the pyrethroid market over the forecast period. However, pending regulatory consents, hazardous effects of pyrethroid are major restraints of pyrethroid market.
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Market Scope: Pyrethroid Market
The Pyrethroid Market is classified on the basis of product type, crop type and regions
Based on product type, market is segmented as
- Deltamethrin
- Bifenthrin
- Permethrin
- Cyfluthrin
- Cypermethrin
- Lambda-cyhalothrin
- Others
Based on crop type, market is segmented as
- Grains and Cereals
- Fruits and vegetables
- Turf and ornamental plants
- Oilseeds and Pulses
Based on region, market is segmented as
- Latin America
- Europe
- Asia Pacific
- North America
- The Middle East and Africa
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Region Overview: Pyrethroid Market
Pyrethroids have wide variety of benefits, used to control insects around 120 types of crops. Review of environmental protection agency stated that use of insecticide is putting the aquatic ecosystem at risk but pyrethroids consists an important element of integrated pest management and resistance management. Many market players are focused on acquisitions, mergers, partnerships, collaborations and new product launches in order to enhance the product portfolio and strengthen the market presence.
Pyrethroid market is segmented as Latin America, Europe, Asia Pacific, North America, and The Middle East and Africa. North America pyrethroid market is expected to expand at a significant growth rate due to rise in food demand, increase in population leads to decrease in arable land, and increase in the production of fruits and vegetables are anticipated to fuel the market. In Europe, due to increase in agriculture farming in Spain, France, and Germany, adoption of newer organic farming practices, and rise in research and development activities for innovation of newer products expected to bolster the pyrethroid market. However, Asia Pacific is an emerging region attributed to high dependence on agriculture farming, increase in preference for high yield with better quality products, and decrease in arable land are anticipated to fuel the pyrethroid market over the forecast period.
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Competition Assessment: Pyrethroid Market
Some of the players in the pyrethroid market are
- Bayer CropScience AG (Germany)
- FMC Corporation (US)
- Sumitomo Chemical, Co., Ltd. (Japan)
- DuPont (US)
- United Phosphorus Limited (India)
- Nufarm Ltd. (Australia)
- Syngenta AG (Switzerland)
- Monsanto Company (US)
Key Features of the Report:
- The report provides granular level information on the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
- The report covers in-depth insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- Drivers, restraints, unmet needs, and trends that are currently affecting the market
- The latest news, key developments and startup’s details are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyzes the impact of the socio-political environment PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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