South America Pyrethroid Insecticide Market - Growth, Trends and Forecasts (2017 - 2022)
The South America pyrethroid insecticides market is expected to grow at a CAGR of 6.3% during the forecast period from 2016 to 2021. A pyrethroid is an organic compound that are synthetic analogs of pyrethrins. These pyrethrin like compounds are widely used against number of insects including household arthropods. These products are low in toxicity to mammals and birds, and require very low doses to kill insects.
Pyrethroids, the synthetic derivatives of pyrethrins, have become one of the oldest and most widely used insecticides around the globe. The systemic insecticide acts as a nervous toxin and leads to paralysis and eventual death of the targeted insects.
New farming practices are adopted by farmers all over the region to increase crop yields. Genetically modified (GM) plants have helped farmers increase their yields coupled with high usage of some pesticides/insecticides. Hence factors like growing food demand and need for land productivity factors coupled with high performance of pyrethroids against insects have led a continuous market growth for the industry. Product development, sustainable farming options and growing demand from developing regions are identified as the opportunity segments for the industryâ€™s future growth. However, issues over product labeling and popularity of bioinsecticide products may act as obstacles for market growth.
The market is classified based on the active ingredients, crop types and geography. Depending on active ingredients, the market is classified into Perimethrin, Deltamethrin, Allethrin/Bioallethrin, Cypermethrin, Permethrin and Other Pyrethroids. For various crops, diverse insecticides are used. Pyrethroid insecticides are also segmented by their usage in crops like cereals and grains, oilseeds, fruits and vegetables etc. Non-crop utilization of insticides in turfs, ornamentals and others is also studied.
The market is also segmented geographically into Brazil, Argentina and others. Brazil has the highest insecticide demand in the region due to an export oriented agricultural base. Argentina follows the list. The low affordability and explicit cost cutting measures of farmers in developing and under developed countries hinder the real potential of the market.
Pyrethroid inseticides gain popularity over low application rate and environmental safety compared to other classes of insecticides. The major companies in South America pyrethroid insecticides market are Syngenta, Bayer, BASF, DuPont, Dow agrosciences, Monsanto, Adama, Nufarm, Sumitomo chemical, UPL etc. The current trend to survive in the market is the research and innovation route. All major companies are investing profoundly in new product development to keep up with competition and gain market share.
Key Deliverables in the Study
Market analysis for the South America Pyrethroid Insecticide Market, with region specific assessments and competition analysis on South America and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a South America and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the South America Pyrethroid Insecticide market on both South America and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to identify the regions that are still untapped