Pyrethrum Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2031)
The "Pyrethrum Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Pyrethrum market is expected to grow annually by 8.2% (CAGR 2024 - 2031).
This entire report is of 108 pages.
Pyrethrum Introduction and its Market Analysis
Pyrethrum is a natural insecticide derived from chrysanthemum flowers and has gained popularity due to its effectiveness and environmentally friendly nature. The Pyrethrum market is projected to experience significant growth driven by increasing demand for organic pesticides and growing awareness about the harmful effects of synthetic chemicals. Key players in the market include Riptide, Evergreen, Safer, Spectracide, Bonide, Essentria, Pyganic, Bayer CropScience, Gharda, Tagros, Makhteshim Agan, Sinon, Heranba, Bharat, and Rasayan. The market research report highlights the potential for revenue growth and provides recommendations for companies to capitalize on this growing trend.
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The global pyrethrum market is segmented into Pyrethrin Insecticide Spray, Pyrethrin Insecticide Spray Concentrates, and Others. It is used in various applications such as Household, Crop Protection, Animal Health, Public Health, and Others. The market is regulated by strict guidelines to ensure its safe usage and effectiveness. Regulatory factors such as government approvals and compliance with environmental regulations play a crucial role in shaping market conditions. Legal factors related to patents, trademarks, and intellectual property rights also impact the market dynamics. With increasing awareness about the harmful effects of synthetic chemicals, the demand for natural pyrethrum-based insecticides is on the rise, especially in the agriculture and public health sectors. As the market continues to evolve, companies must stay updated on regulatory and legal factors to maintain their competitive edge and meet consumer demands.
Top Featured Companies Dominating the Global Pyrethrum Market
The Pyrethrum market is a competitive landscape with key players such as Riptide, Evergreen, Safer, Spectracide, Bonide, Essentria, Pyganic, Bayer CropScience, Gharda, Tagros, Makhteshim Agan, Sinon, Heranba, Bharat, and Rasayan. These companies operate in the pyrethrum market by producing and selling various products using pyrethrum, a natural insecticide derived from the flowers of the chrysanthemum plant.
Riptide is known for its environmentally-friendly insect control products, while Evergreen specializes in organic gardening products. Safer and Bonide also offer a range of insect control solutions for both residential and commercial use. Spectracide and Bayer CropScience are multinational companies that produce a wide range of agricultural chemicals, including pyrethrum-based products.
Essentria, Pyganic, Gharda, Tagros, and Makhteshim Agan are also major players in the pyrethrum market, with a focus on providing sustainable pest control solutions. Sinon, Heranba, Bharat, and Rasayan are key players in the Asian market, with a strong presence in countries like India and China.
These companies help to grow the pyrethrum market by developing innovative products, expanding their distribution networks, and investing in research and development. The sales revenue of some of these companies are as follows: Bayer CropScience reported sales revenue of $ billion in 2020, while Bonide reported sales revenue of $112.5 million in the same year. Essentria, Gharda, and Makhteshim Agan also reported significant sales revenue, contributing to the growth of the pyrethrum market.
- Riptide
- Evergreen
- Safer
- Spectracide
- Bonide
- Essentria
- Pyganic
- Bayer CropScience
- Gharda
- Tagros
- Makhteshim Agan
- Sinon
- Heranba
- Bharat
- Rasayan
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Pyrethrum Market Analysis, by Type:
- Pyrethrin Insecticide Spray
- Pyrethrin Insecticide Spray Concentrates
- Others
Pyrethrin insecticide spray is a ready-to-use formulation that can be directly applied to target insects. Pyrethrin insecticide spray concentrates are highly concentrated versions that can be diluted with water before application. Other types of pyrethrum products include dusts, foggers, and aerosols. These different formulations cater to various pest control needs, making pyrethrum a versatile solution for both household and commercial use. The availability of these different types of pyrethrum products helps to boost the demand for pyrethrum in the market as consumers have a wide range of options to choose from based on their specific needs.
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Pyrethrum Market Analysis, by Application:
- Household Applications
- Crop Protection Applications
- Animal Health Applications
- Public Health Applications
- Others
Pyrethrum is commonly used in household applications such as insect repellents, aerosol sprays, and flea control products. In crop protection, it is used as a natural insecticide to control pests on fruits, vegetables, and flowers. In animal health applications, it is used to control pests on livestock and pets. In public health, pyrethrum is used in mosquito control programs to prevent the spread of disease. Other applications include use in pharmaceuticals and personal care products. The fastest growing application segment in terms of revenue is in crop protection applications due to increasing demand for organic and environmentally friendly pest control solutions.
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Pyrethrum Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Pyrethrum market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In North America, the United States and Canada are expected to dominate the market due to increasing demand for natural insecticides. In Europe, countries like Germany, France, the ., Italy, and Russia are projected to have a significant market share. In the Asia-Pacific region, China, Japan, South Korea, India, Australia, China, Indonesia, Thailand, and Malaysia are expected to drive market growth. Latin American countries like Mexico, Brazil, Argentina, and Colombia are also expected to contribute to market expansion. In the Middle East & Africa, Turkey, Saudi Arabia, and the UAE are likely to see growth in the Pyrethrum market. Each of these regions is anticipated to have a specific market share in the Pyrethrum market, with North America and Europe expected to dominate. The overall global market share percent valuation is projected to vary based on the specific dynamics of each region.
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