- The key vendors in the global pyrethrin market 2015-2019 are BASF, Horizon Sopyrwa and MGK.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global pyrethrin market 2015-2019. Development of various alternative sources for pyrethrins is one of the major trends being witnessed in the market. Pyrethrins are considered to be the most economical natural insecticides. Their industrial production process is based on the pyrethrum extraction from C. cinerariaefolium plants. The total demand for pyrethrins still outpaces its production, so many other biotechnological alternatives are being explored that can serve as efficient sources of pyrethrins. The global pyrethrin market is expected to grow at a CAGR of 5.31% during the period of 2014-2019.
The growing preference for eco-friendly products and increasing regulations on the use of chemical insecticides has resulted in preferring pyrethrin or nature-mimicking compounds such as pyrethroids instead of standalone synthetic insecticides. The use of pyrethrin in various agricultural and non-agricultural applications is likely to increase during the forecast period.
“The vendors are increasingly focusing on selective action, soil fertility improvement, rapid environmental degradation, and improved efficacy,” says Faisal Ghaus, Vice President of Technavio Research.
“There are many innovative developments that have been observed in the management of waste that are obtained during the production of pyrethrins.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Pyrethrin Market 2015-2019, please send an e-mail to media@TechNavio.com
Follow us on Twitter @Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
