“In order to cater to the demand for higher food production with increasing agricultural inputs consumption across the globe, farmers are focusing on boosting crop production and their nutritive values. Pyrethroids are consequently seen as those products that can improve returns on investments. Pyrethroids perform the essential role of preventing them from insects.
Leading companies in the pyrethroids market are continuously seeking new products, technologies, and methods for manufacturing pyrethroids with high efficiency. Thus, the pyrethroids market is gaining more global presence and acceptance among farmers. The leading players in the pyrethroids market are FMC Corporation (U.S.), Bayer CropScience AG (Germany), United Phosphorus Limited (India), Sumitomo Chemical, Co., Ltd (Japan), Syngenta AG (Switzerland), and Nufarm Ltd. (Australia). These players are implementing different strategies to achieve growth in the pyrethroids market. Expansions & investments and agreements, partnerships & collaborations are found to be the main strategies adopted by the key industry players to gain market share. Between January 2011 and December 2014, these strategies accounted for more than 60% of all the developments by the key players.
The value of the pyrethroids market is projected to increase to $ 3,233.24 million by 2019 at a CAGR of 4.8% from 2014. In this report, the pyrethroids market is segmented on the basis of key active ingredient types, crop types, and regions. In 2013, Asia-Pacific accounted for the largest share of the global pyrethroids market. In the same year, Europe contributed to the second-largest share in the pyrethroids market. The pyrethroids market consists of four crop types that include cereals & grains, oilseeds & pulses, fruits & vegetables and other crops (turf, forage and ornamental crops). The demand for pyrethroids from the oilseeds & pulses segment accounted for the largest share in 2013, followed by cereals & grains.
The type segment is further classified in to bifenthrin, deltamethrin, permethrin, cypermethrin, cyfluthrin, lambda-cyhalothrin and other pyrethroids (fenvalerate, resmethrin, tetramethrin, allethrin, phenothrin, barthrin, dimethrin, and bioresmethrin). The market for bifenthrin pyrethroids is estimated to be the largest in 2014, and is projected to grow with the increasing demand from the agriculture and food industries.”
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