The Europe Pyrethroid market has been estimated at USD 1.31 Billion in 2016 and is projected to reach USD 1.58 Billion by 2021, at a CAGR of 3.8% during the forecast period from 2016 to 2021.
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A pyrethroid is an organic compound that is a synthetic analog of pyrethrin. Pyrethroid insecticides are primarily used as broad spectrum household and industrial insecticides against bugs and flying insects. These insecticides are very affective and degrade to harmless derivatives in the atmosphere within a week in sunlight.
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The market for Europe Pyrethroid market is driven by rising demand for hygiene products for the rapidly increasing global population and households. Also, high performance of pyrethroids against insects has led a continuous market growth for the industry. But, market growth can decline due to issues like product labeling and popularity of bio-insecticide products, along with toxicity related issues.
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Market Segmentation
- By Active Ingredient type
- Bifenthrin
- Deltamethrin
- Permethrin
- Cypermethrin
- Cyfluthrin
- Lambda-cyhalothrin
- By Crop type
- Cereals & grains
- Oilseeds & Pulses
- Fruits & vegetables
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Geographically, Europe market for Pyrethroid is segmented into Germany, Spain, U.K., France and Italy. It contributes to second largest share to global market. The market growth in the European region is said to be quite static in nature, due to strong government control over potentially harmful chemicals.
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FMC Corporation, Bayer CropScience AG, Monsanto, Dow AgroSciences, United Phosphorus Limited, Sumitomo Chemical, Co. Ltd., Syngenta AG, and Nufarm Ltd., BASF SE and Adama agricultural solutions are the major players of Europe Pyrethroid market.
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