Bayer CropScience Limited, BASF SE, Sumitomo Chemical Co., Ltd., Rallis India Limited, among others, are the major players in the India Pyrethroids Market.
The India pyrethroids market is expected to rise at a CAGR of about 12% in the forecast period of 2022-2027. As per the analysis of Expert Market Research, the market is expected to be driven majorly by the wide application of pyrethroids in agriculture sectors.
Pytheroids are derived from pyrethrins, from the flowers of the chrysanthemum and kill insects and pests. They have a short lifespan, biodegradable properties, and are extensively used as insecticides, hence driving the market growth. With the growing demand for agricultural solutions to enhance crop yield, the utilisation of pyrethroids in agricultural practices is significantly rising. Moreover, the cost benefits and high strength of pyrethroids are expected to increase their demand for pyrethroid therapy and mosquito control in the residential and industrial sectors.
With India being one of the largest livestock sectors in the world, the utilisation of pyrethroids to control and prevent disease outbreaks among livestock is significantly rising. The demand for the insecticide in public health control of vector-borne diseases is also driving the market growth. Moreover, the rising prevalence of malaria is surging the aerial spraying of pyrethroids for mosquito control in India.
The low toxicity and high insecticidal activities of pyrethroids are boosting their demand as compared to other insecticides. The growing awareness regarding the toxic risks posited by carbamates and organophosphates is propelling the preference for pyrethroids. Furthermore, the emerging trend of gardening as a recreational activity is likely to surge the demand for pyrethroids in home and garden applications in upcoming years.
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Bayer is a company with expertise in agriculture, healthcare, and life sciences. The company offers various innovative products to improve the quality of life of the growing geriatric population. In 2021, it comprised 374 consolidated companies in 83 countries across the world. With 99,637 employees, the company aims to enhance the accessibility of robust healthcare and food.
BASF SE is a chemical company, based in Germany. The company serves various sectors such as agriculture, chemical, materials, nutrition and care, and industrial technology, among others. With 111,000 employees, its sales revenue reached EUR 78.6 billion in 2021. By 2030, the company aims to significantly reduce GHG emissions from production sites and attain net zero emissions by 2050.
Sumitomo Chemical Co., Ltd. manufactures, imports and markets products for essential chemicals and plastic sector, IT-related chemicals sector, pharmaceuticals sector, and health and crop sciences. With 210 affiliates and subsidiaries, the company had 6488 non-consolidated employees. The company aims to advance social developments in areas like healthcare, environment, ICT, and food, among others.
Rallis, a TATA Enterprise, is a subsidiary of Tata Chemicals, that offers a comprehensive crop solution portfolio. Some of the products marketed and manufactured by the company include fungicides, pesticides, seeds, insecticides, and plant growth nutrients. With more than 70,000 retailers and 6000 dealers, the company’s solutions are used by over 5 million farmers in India. Moreover, its products are exported to 58 countries across the globe.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.