Pyrethroids Market: Growing Demand and Lucrative Opportunities in Agricultural Sector
Pyrethroids are a class of synthetic chemical insecticides that are derived from natural pyrethrins, which are extracted from chrysanthemum flowers. These insecticides are widely used in agriculture, public health, and household applications to control a variety of pests. Market Overview: The global pyrethroids market has experienced significant growth in recent years and is expected to continue expanding. Factors such as increasing demand for agricultural products, growing awareness about vector-borne diseases, and rising urbanization are driving the market growth. Additionally, the development of novel pyrethroid formulations and advancements in integrated pest management practices are also contributing to the market expansion. Global pyrethroids market was valued at US$ 3781.9 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.18% during the forecast period (2022 to 2030). Major Applications: Agriculture: Pyrethroids are extensively used in agriculture to protect crops f