According to the report by FMI, the deltamethrin market, valued at US$ 247.2 million in 2022, is anticipated to witness significant growth, with a projected compound annual growth rate (CAGR) of 4.2% from 2022 to 2032. By the end of the forecast period in 2032, deltamethrin sales are expected to reach US$ 373.0 million, indicating robust expansion in the market.
Deltamethrin, a synthetic pyrethroid insecticide, has emerged as a crucial component in the global agriculture and pest control sectors. Its effectiveness in combating a wide array of pests while posing minimal risk to human health and the environment has cemented its position as a preferred choice for pest management.
The global deltamethrin market has witnessed steady growth in recent years, fueled by increasing demand from agriculture, public health, and residential sectors. With its broad spectrum of applications, ranging from crop protection to mosquito control, deltamethrin has become indispensable in pest management practices worldwide.
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Growth Drivers:
- Rising Incidence of Vector-Borne Diseases: The increasing prevalence of diseases such as malaria, dengue, and Zika has spurred demand for effective vector control measures. Deltamethrin, known for its efficacy against disease-carrying mosquitoes, is witnessing heightened demand for public health applications.
- Expanding Agriculture Industry: With agriculture being the backbone of many economies, the need for reliable pest management solutions continues to grow. Deltamethrin’s role in safeguarding crops against pests and minimizing post-harvest losses is driving its adoption across diverse agricultural landscapes.
- Urbanization and Infrastructure Development: As urbanization accelerates, the demand for pest control solutions in residential and commercial spaces is on the rise. Deltamethrin-based formulations offer effective solutions for termite control and general pest management, catering to the needs of urban populations.
Key Companies Profiled
- Bayer CropScience AG
- Rotam
- Nufarm Limited
- FMC Corporation
- Heranba Industries Ltd.
- Pharma AS, Virbac
- Tagros Chemicals India Ltd.
- Jiangsu Yangnong Chemical
- Gharda Chemicals
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Key Segments Profiled in the Deltamethrin Market Report
By Product Type
- Deltamethrin EC
- Deltamethrin WP
- Deltamethrin SC
- Deltamethrin ULV
By End-Use
- Agricultural
- Home pest control
- Paint additives
- Turf
- Others (commercial buildings, hotels, shops, food storage premises, factories)
By Region,
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
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.
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