India Pyrethroids Market Outlook
According to a new report by Expert Market Research titled, “India Pyrethroids Market Size, Share, Analysis, Report and Forecast 2024-2032″, the India pyrethroids market is projected to grow at a CAGR of 12% between 2024 and 2032. Aided by the escalating need for effective pest control solutions in agriculture and the inherent benefits of pyrethroids over traditional insecticides, the market is expected to grow significantly by 2032.
Pyrethroids, chemically synthesised analogues of pyrethrins, are obtained from chrysanthemum flowers. Renowned for their broad-spectrum insecticidal activity, they play a crucial role in safeguarding crops against a myriad of pests. Their rapid knockdown effect, coupled with a favourable environmental profile — being less persistent and easily biodegradable — elevates their status in the world of agrochemicals. The nature of pyrethroids, which are low-toxicity to mammals but highly effective against insects, renders them indispensable in the vast agricultural sector of India.
A significant catalyst for the robust India pyrethroids market growth is the pressing demand to enhance agricultural productivity. As India grapples with the twin challenges of burgeoning population and shrinking arable land, the emphasis on maximising crop yields becomes paramount. Pyrethroids, with their efficiency in curbing pest infestations and minimal residual effects, emerge as the go-to solution for farmers aiming to achieve optimal harvests.
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Moreover, the escalating awareness among farmers about sustainable farming practices and integrated pest management is further buoying the India pyrethroids market demand. The shift from conventional, often hazardous pesticides to safer, eco-friendly alternatives like pyrethroids is palpable in India’s farming community. Tailored training programs and government initiatives further accentuate this transition, fostering the growth of the pyrethroids industry.
The household and public health sectors in India also contribute significantly to the pyrethroids market. Their usage extends beyond agriculture to mosquito control measures, especially in malaria-prone regions. The formulations of pyrethroids, suitable for indoor residual spraying and mosquito net impregnation, are instrumental in the country’s battle against vector-borne diseases.
According to the India pyrethroids market analysis, India’s thrust on research and development in the agrochemical sector paves the way for innovations in the pyrethroids arena. Collaborations between research institutions, agrochemical giants, and policymakers are fostering the development of next-generation pyrethroids. These variants promise enhanced efficacy, reduced resistance issues, and an even better environmental footprint.
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India Pyrethroids Market Segmentation
The market can be divided based on product type, crop type, and pest type.
Market Breakup by Product Type
- Bifenthrin
- Deltamethrin
- Permethrin
- Cypermethrin
- Cyfluthrin
- Lambda-Cyhalothrin
- Others
Market Breakup by Crop Type
- Cereals and Grains
- Fruits and Vegetables
- Oilseeds and Pulses
- Others
Market Breakup by Pest Type
- Lepidoptera
- Sucking Pests
- Coleoptera
- Diptera
- Mites
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India pyrethroids market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bayer CropScience Limited
- BASF SE
- Sumitomo Chemical Co., Ltd.
- Rallis India Limited
- Others
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