by The global Cypermethrin Insecticide Market is estimated to be valued at US$ 2.42 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Cypermethrin insecticides are synthetic chemical pesticides used to control a variety of pests in agricultural and public health settings. They provide cost-effective solutions to increase crop yields by protecting farms from damaging insects. However, growing demand for natural and eco-friendly alternatives is driving research into plant-based biopesticides and other organic options.
Market Overview:
Cypermethrin insecticides work by disrupting the nerve functions in target insects. They come in various product forms suitable for different uses including liquid concentrates, wettable powder and granular products. Cypermethrin products are widely applied in agriculture to control pests affecting crops like cereals, fruits and vegetables.
Market key trends:
One of the key trends in the cypermethrin insecticide market is the rise of natural insecticides. Strict environmental regulations and consumer preference for organic foods have increased investments into plant-derived biopesticides. Natural insecticides control pests using extracts from neem, pyrethrum or other botanicals. They offer a safer alternative with minimal toxicity on beneficial insects and soil microbes. Growing organic farmland also creates new opportunities for formulating cypermethrin products compatible with organic certification standards.
Segment Analysis
The Cypermethrin Insecticide Market is segmented by type, application, and region. Based on type, the synthetic pyrethroids segment dominates the market owing to its wide usage in agriculture, as it is highly effective against a range of pests. Synthetic pyrethroids provide fast knockdown and kill of pests.
Based on application, the agricultural application segment accounts for the largest share as cypermethrin is extensively used as an insecticide on crops to protect from damaging pests. It is highly effective in protecting various crops like cotton, fruits & vegetables, cereals & grains and others from sucking and chewing insect pests.
Key Takeaways
The global cypermethrin insecticide market is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing usage of insecticides for crop protection from rising pest attacks owing to changing climatic conditions.
Regional analysis – Asia Pacific dominates the market and is expected to continue its dominance over the forecast period. This is attributed to the extensive usage of cypermethrin in countries like India and China to boost agricultural yield to feed their huge population.
Market size – The global cypermethrin insecticide market size was valued at US$ 2.42 Bn in 2023 and is projected to reach US$ 3.76 Bn by 2030.
Key players – Key players operating in the cypermethrin insecticide market are FMC Corporation, BASF SE, Bayer AG, Sumitomo Chemical Co., Ltd., Syngenta AG, Adama Agricultural Solutions Ltd., UPL Limited (previously United Phosphorus Limited), Nufarm Limited, Tagros Chemicals India Ltd., Heranba Industries Limited. These players are focusing on new product launches and expansions to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
