Global Permethrin Market to Reach Nearly USD 382 Million by 2032 with a CAGR of 6.6%

 

The global permethrin market is poised for substantial growth, with projections indicating its value to reach close to USD 382 million by 2032, a significant increase from USD 201.7 million recorded in 2022. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 6.6% throughout the forecast period. Factors such as increasing demand for insecticides for agricultural and public health purposes, coupled with advancements in formulation technologies and pest management practices, are anticipated to drive the market expansion.

Permethrin is mainly used as an insecticide in agriculture. Permethrin is a complex compound used as a toxin in various pesticides. Permetrin molecules are used for applications including pharmaceutical agrochemicals and others. Permethrin is mainly used as an insecticide in agriculture.

It acts as an insecticide lethal to bees, so it is used to protect crops from bees. Other parasites are also killed using permethrin. It is also used for domestic insect control activities. Woolen fabrics are also protected from insect attack using permethrin.

Request Your Sample and Stay Ahead with Our Insightful Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-8428

One of the major pharmaceutical applications of permethrin in humans is to treat head lice. Permethrin is sold as a cream or lotion to treat scabies and head lice. Wheat, corn, cotton, and alfalfa are few crops protected by pesticides made with permethrin.

It is also used as a mosquito repellent. Permethrin is sold in the market under many brand names including Nix, Acticin, Elimite, Clearkin, DAT, Gzlthrin, and more. Increasing use of permethrin in various industries is expected to boost its demand over the forecast period.

Permethrin Market: Regional Outlook

In the past few years, an increase in head lice incidence has been observed in both developed and developing countries. Permethrin is used as an active ingredient in head lice treatment, and its demand is increasing in both developed and developing countries.

North America accounted for a large portion of the demand for permethrin and is expected to grow at a moderate pace during the forecast period. Asia Pacific followed North America in terms of demand. Europe is projected to be the third largest market for permethrin sales, whereas Middle East & Africa and Latin America account for a smaller share of the global permethrin market.

High growth has been observed in emerging and densely populated regions such as Asia Pacific. Population density in these regions could be a favorable environment for the spread of head lice driving the demand for permethrin.

Growing agricultural industry and growing demand for pesticides and insecticides in this industry are fueling the demand for permethrin in Asia Pacific.

Global Permethrin Market Participants

Some of the market participants identified across the value chain of the global permethrin market include:

  • To install HH Constraints.
  • Biodyne-USA, LLC.
  • GlaxoSmithKline plc.
  • Kanixa Life Sciences
  • Delvin Formulations Pvt. (main)
  • cure fast cure
  • Prestige Consumer Healthcare, Inc.
  • Loveland Products Inc.
  • Geolife Organics Pvt. (main)
  • Wavelength Constraints
  • biopore
  • Harman Finochem Ltd.
  • Kalyani Industries Ltd.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/8428

Key Segments Covered in Permethrin Market Report

Permethrin Market by Application:

  • Permethrin for head lice treatment
  • Permethrin for pesticides
  • Permethrin for pesticides
  • Permethrin for acaricides
  • Permethrin as a wood preservative

Permethrin Market by End-User:

  • Pharmaceutical Permethrin
  • agricultural permethrin
  • Permethrin for other industries

Permethrin Market by Region:

  • North America Permethrin Market
  • Latin America Permethrin Market
  • Europe Permethrin Market
  • East Asia Permethrin Market
  • South Asia & Pacific Permethrin Market
  • Middle East and Africa Permethrin Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these