The Pyrethroids Global Market Report 2023, provides comprehensive information on the pyrethroids market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Pyrethroids Global Market Report 2023, the market size is expected to grow from $3.50 billion in 2022 to $3.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of pyrethroids market is expected to reach $4.55 billion in 2027 at a CAGR of 5.3%.
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In the ever-evolving landscape of the pyrethroids market, product innovations have emerged as a prominent and influential trend, garnering widespread recognition. To maintain their competitive edge, companies operating in this dynamic sector are strategically embracing cutting-edge technologies, marking a paradigm shift in their approach to sustainable market positioning.
A compelling example of this commitment to innovation comes from FMC Corporation, a reputable US-based chemical manufacturing entity. In May 2020, FMC Corporation introduced Elevest insect control, a groundbreaking product designed for multiple crops, including soybeans, sweet corn, cotton, peanuts, and potatoes. Elevest stands as a testament to FMC Corporation’s dedication to pioneering solutions that address the evolving needs of agriculture.
Elevest, a novel insect control product, uniquely integrates full rates of Rynaxypyr active with bifenthrin, a distinguished pyrethroid insecticide. This innovative combination empowers Elevest to deliver comprehensive, broad-spectrum control against a diverse array of insect pests that commonly afflict these crops. The synergy between Rynaxypyr and bifenthrin enhances the efficacy of Elevest, making it a formidable solution in the battle against agricultural pests.
The inclusion of bifenthrin, a potent pyrethroid, in Elevest contributes additional layers of control against a spectrum of insect pests, including beetles, aphids, and mites. This multi-faceted approach not only speaks to the versatility of Elevest but also underscores its significance in providing holistic protection for crops susceptible to a range of pest-related challenges.
FMC Corporation’s Elevest represents a pivotal milestone in the ongoing narrative of agricultural innovation. By amalgamating advanced active ingredients, this product exemplifies a strategic response to the complexities of pest management in contemporary agriculture. As the pyrethroids market continues to evolve, Elevest stands as a beacon of progress, symbolizing the harmonious integration
The pyrethroids market is segmented:
1) By Product Type: Bifenthrin, Deltamethrin, Permethrin, Cypermethrin, Cyfluthrin, Lambda-Cyhalothrin, Other Types
2) By Non-Crop Based: Turfs, Ornamentals, Other Non-Crops
3) By Pest Type: Lepidoptera, Sucking Pests, Coleoptera, Diptera, Mites, Other Pest Types
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
Asia-Pacific was the largest region in the pyrethroids market in 2022.
The table of contents in TBRC’s pyrethroids market report includes:
1. Executive Summary
2. Pyrethroids Market Characteristics
3. Pyrethroids Market Trends And Strategies
4. Pyrethroids Market – Macro Economic Scenario
5. Pyrethroids Market Segmentation
…
32. Global Pyrethroids Market Competitive Benchmarking
33. Global Pyrethroids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pyrethroids Market
35. Pyrethroids Market Future Outlook and Potential Analysis
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