London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global pyrethroids market 2015-2019, which is expected to grow at a CAGR of 5.07% during the forecast period of 2014-2019.
Growing demand for food products coupled with an increase in cultivation of commodity crops is expected to bolster the prospects of growth in this market. To meet this rising demand for food products pesticides are being increasingly used to increase the crop yield. This increased requirement for insecticides and pesticides is leading to the introduction of various new formulations and products in the market. The non-toxic and readily degradable nature of pyrethroids also aids in increasing its demand during the forecast period.
“As pyrethroids and DDT analogs have similar modes of action, researchers have developed “hybrid” pyrethroids that contain the features of both pyrethroids and DDT. The only compound that has been developed for commercial applications is cyc1oprothrin,” says Faisal Ghaus, Vice President of Technavio.
“This chemical is found to be less toxic to aquatic life, while being effective against rodents and pests. Also, the chemical structure of pyrethroids is modified to enhance their stability in sunlight.”
Key Market Drivers:
- Growing Population and Increasing Food Demand.
- Modernization of Agricultural Practices.
- Increased Regulations on POPs.
Key Market Trends:
- Increased Scope of Application of Pyrethroids.
- Huge Investments in R&D and Increase in Vendor Collaborations.
- Increased Consumption in Emerging Markets.
- Increased Use of Synergist Products and Hybrid Pyrethroids.
Key Market Vendors:
- BASF
- Bayer CropScience
- Dow AgroSciences
- Nufarm
- SinoHarvest Corporation
- Sumitomo Chemical
- Syngenta
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
