Global pyrethin market, 2024-2030

Pyrethrin, also termed as pyrethrum, is a chemical substance produced by the chrysanthemum flower mostly found in northeastern Europe, Asia and Eastern Africa, though it is grown throughout the world. These plants contain pyrethrin, which is used by the plant as a natural defense mechanism to protect against insects and other pest animals. These insecticides have minimum impact on human health and are biodegradable in nature. It is one of the safest types of insecticide that is currently used globally. Pyrethrins are commonly used to control mosquitoes, fleas, flies, moths, ants, and many other pests.

The global pyrethrin market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global pyrethrin market is growing at a fast pace and increasing its geographical footprint rapidly. The global pyrethrin market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The major driving factor for the market growth is the growing demand for hygienic products by households and changing lifestyle. Bulk requirement of pyrethrin insecticide in the agricultural sector is a major reason for the high demand of pyrethrin in the global market.

Various environmental and health-related regulations and pyrethrin’s sensitivity towards sunlight, heat, and moisture are hindering the growth of the market. Further, pyrethrin is produced naturally and hence, there is a major supply constraint faced by manufacturers which acts as a major restraint of the global market.

The pyrethrin market has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. The major players in global pyrethrin market are Agropharm Limited, Bayer CropScience, Beaphar UK, Botanical Resources of Australia, Elanco, Horizon Sopyrwa, Inclair Animal & Household Care Ltd, KAPI Limited, McLaughlin Gormley King Company, Pyrethrum Board of Kenya, Red River, and so on.

Research Methodology

The research process includes the market segmentation of the global pyrethrin market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global pyrethrin industry dynamics
• Estimation of the present global pyrethrin market size in terms of value and volume
• Global pyrethrin market breakup based on type and application
• Substantiated global pyrethrin market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global pyrethrin industry value chain

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