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:
- Syngenta
- Bayer
- BASF
- DuPont
- Dow AgroSciences
- Monsanto
Key Deliverables in the Study
- Market analysis for the North American pyrethroid insecticide market, with region specific assessments and competition analysis on North 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 the North 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 North America pyrethroid insecticide market on both North America and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- 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 into the major countries/regions in which this industry is growing and identifying the regions which are still untapped
