by Cypermethrin insecticide is a synthetic pyrethroid insecticide that finds widescale application in agricultural crop protection as it effectively controls a broad spectrum of pests on fruits, vegetables, and cash crops. Cypermethrin insecticide is considered highly effective against damaging agricultural pests such as fruit flies, boll worms, cutworms, and leaf miners. It works by interfering with the sodium channels in pests’ nervous systems, resulting in paralysis and death. This leads to reduced crop damage and increased agricultural productivity and farm incomes.
The Global Cypermethrin Insecticide Market is estimated to be valued at US$ 2.79 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Cypermethrin Insecticide Market Size are Caveman Foods LLC, The Kellogg Company, General Mills, Inc., Mondelēz International, Inc. (Clif Bar & Company) and The Simply Good Foods Company (Quest Nutrition LLC) are the major companies operating in the Cypermethrin Insecticide Market. The growing prevalence of pests and insects attacking agricultural crops is boosting demand for effective pesticides such as cypermethrin insecticides. Usage of cypermethrin insecticide is also increasing globally as farmers seek to maximize productivity and minimize crop losses. Cypermethrin insecticide manufactures are expanding their product portfolios and geographical presence across major agricultural markets to tap growth opportunities.
Market Drivers
The primary driver propelling the cypermethrin insecticide market growth is the increasing practice of intensive agriculture worldwide. With rapidly growing global population and rising demand for food, farmers are compelled to cultivate high-yielding hybrid seeds and maximize crop output from available land. This has increased dependence on agrochemicals like cypermethrin insecticide for integrated pest management and plant protection. Cypermethrin insecticide also offers an excellent cost to benefit ratio versus many alternative pest control solutions, which further stimulates its adoption in modern agriculture.
PEST Analysis
Political: The policies and regulations regarding the use of pesticides will impact cypermethrin insecticide market. Some jurisdictions have restricted the use of certain pesticides.
Economic: Factors such as GDP growth, disposable income levels, and agriculture industry trends will affect demand for cypermethrin insecticide. The overall economic conditions influence the market.
Social: Changes in lifestyle and food habits may shift preferences regarding organic food versus food grown using conventional pesticides like cypermethrin. Public perception of safety also impacts the social environment for this market.
Technological: Advancements in formulation technologies help develop new generations of cypermethrin products that have improved characteristics like efficacy, residue levels and safety. New application methods use modern equipment.
The cypermethrin insecticide market in terms of value is concentrated in regions with large agriculture industries and favorable climatic conditions for crop cultivation. South Asia and East Asia regions have suitable weather and abundant arable land to produce many cash crops as well as staple food crops on a large scale. These regions account for over 60% of the global market value.
The cypermethrin insecticide market is growing the fastest in Central and South America. Countries like Brazil, Argentina and Colombia are experiencing substantial economic and agricultural development. The rise of commercial farming in these nations along with increasing crop output is driving higher demand for crop protection chemicals including cypermethrin insecticides. It is projected that the market will expand at an estimated 8% annual growth rate in Central and South America through 2031.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
