Pyrethroids Market - By Type (Type I {Allethrin, Bioallethrin, Permethrin}, Type II {Cypermethrin, Deltamethrin, Lambda-cyhalothrin}, Type III {Esfenvalerate, Bifenthrin}), By Application & Forecast, 2024 - 2032

Pyrethroids Market size is projected to witness over 5.3% CAGR between 2024 and 2032, driven by the rise in global population and the subsequent rise in food demand. With their effectiveness against pests and minimal toxicity to humans, pyrethroids are widely used in agriculture to protect crops against various pests, leading to increased adoption in pesticides by farmers. Increasing awareness of the benefits of sustainable agricultural practices and the emphasis on reducing the use of highly harmful pesticides are adding to the use of pyrethroids as alternatives to offer limited eco- friendliness.

Rising incidence of vector-borne diseases, such as malaria and dengue are also influencing the market growth. As per WHO, around 249 million people suffered from malaria worldwide. Pyrethroids are widely used in public health programs to control mosquito populace and prevent these diseases. Governments and health organizations are increasing investments in pyrethroid-based products for vector control programs. Of late, there have been advancements in chemicals and control technologies for improving their effectiveness and ease of use, making them more attractive for both agriculture and public health.

The pyrethroids industry is segmented into type, application, and region.

Based on type, the market share from the type II segment is slated to record decent growth rate during 2024-2032 due to its superior potency and longer residual activity. Type II pyrethroids contain a cyano group that enhances their effectiveness against a wide range of insects and extends their duration of action, making them especially effective in agricultural and public health applications. This broad range of effects helps in reducing the frequency needed for use with savings. The stability of Type II pyrethroids under environmental conditions also ensures permanent performance, turning them popular and acceptable in markets focused on robust pest control solutions.

Pyrethroids industry from the oilseeds & pulses application segment will grow at a notable pace through 2032, backed by the need for effective pest control in high-value crops. Oilseeds & pulses are vulnerable as pest species that can significantly affect yield and quality, making reliable pesticides necessary to protect these crops. Due to their widespread activity and low toxicity in mammals, pyrethroids are particularly suitable for use on these crops. Increasing demand for oilseeds & pulses, coupled with their nutritional value and widespread use in foods has led to increased adoption of pyrethroid pesticides to ensure crop protection and enhance productivity.

Asia Pacific pyrethroids industry is expected to generate lucrative opportunities during 2024-2032, attributed to stringent regulatory frameworks, agricultural practices, and the increasing public health initiatives. The highly developed agricultural industry is necessitating effective and efficient pest control, leading to increased acceptance of pyrethroids for crop protection. Environmental health regulations are also pushing for safe, non-toxic pesticides, further favoring pyrethroids over more dangerous chemicals for disease prevention in the region.