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The North American pyrethroid insecticides market has been estimated to grow at a CAGR of 4.7% over the forecast period 2016-2021. These are widely used against a number of insects including household arthropods as they 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.
Market Dynamics
New farming practices are being adopted by farmers in the North America region to increase crop yields. Genetically modified (GM) plants coupled with increased use of the high performing pyrethroids against insects have led to continuous market growth for the industry. Product development, sustainable farming options and growing demand from developing regions are opportunities for future growth. However, issues over product labeling and popularity of bioinsecticide products may act as obstacles.
Market Segmentation
By active ingredients, the market is classified into permethrin, deltamethrin, allethrin/bioallethrin, cypermethrin, permethrin and other pyrethroids. They are also segmented by their usage in crops like cereals and grains, oilseeds, fruits, and vegetables etc. Non-crop utilization of insecticides in turfs, ornamentals etc. are also studied.
The United States is the major market with more than half of the regional demand, followed by Canada. The usage of pyrethroid insecticides is gaining popularity as an environment-friendly option for insect pest control.
Key Industry Players
Accounting for more than one-third of North America’s insecticide market, the segment attracts investments from agricultural inputs companies. 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.
The major companies in North America’s pyrethroid insecticides market are:
Key Deliverables in the Study
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