Global Permethrin Market is valued approximately at USD 201.7 Million in 2022 and is anticipated to grow with a growth rate of more than 6.6% over the forecast period 2023-2030. permethrin is a synthetic chemical in the pyrethroid family that is used as an insecticide, acaricide, and insect repellent. It is used to kill a wide range of insects, mites, ticks, and other pests. Furthermore, Permethrin is used in both residential and commercial settings and on a variety of surfaces including clothing, furniture, and carpets. The Permethrin market is expanding because of factors such as increasing in pharmaceutical and growth in agricultural industry. However, the increasing demand for permethrin in the pharmaceutical industry because Permethrin is used as an insecticide and insect repellent. its importance has progressively increased during the last few decades.
According to Statista, the pharmaceutical industry is responsible for the research, development, production, and distribution of medications Pharma revenues worldwide reached $1.42 trillion in 2021 due to the market’s rapid growth over the previous two decades. The Statista predicts that the size of the worldwide market for smart agriculture would increase from roughly 12.4 billion dollars in 2020 to 34.1 billion dollars in 2026. One of the most effective strategies for reducing extreme poverty, increasing shared prosperity, and feeding an estimated 9.7 billion people by 2050 is agricultural development. In addition, investment in research and development and Growing demand for premium products would create a lucrative growth prospect for the market over the forecast period. However, environmental concerns and health hazards associated with permethrin stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Permethrin Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific is the dominating region owing to the growing agricultural industry demand for insecticides and pesticides. According to Statista, in 2021, China was the leading country in the Asia-Pacific region in terms of investment into Agricultural, investing around USD 7.2 billion followed by India, USD 4.2 billion. Europe is fastest growing region during the forecast period owing to the region’s growing pharmaceutical industries and high consumer health awareness.
Major market player included in this report are:
Crop Life Science
Golden Harvest Chemical
Harman Finochem Ltd.
Kalyani Industries Ltd
Recent Developments in the Market:
In April 2020, Wavelength Pharmaceuticals, a leading supplier of active pharmaceutical ingredients (APIs), today reported that it has greatly expanded production of APIs for certain pharmaceutical products needed to manage respiratory critical care patients.
In March 2022, Harman Finochem Ltd. is a reputed Pharmaceutical Company engaged in Development, Manufacturing and Export of Quality APIs and OSD Products.
Global Permethrin Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Form, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Textile and Domestic
Middle East & Africa
Rest of Middle East & Africa