According to a new report published by MarkWide Research, titled, “Pyrethrin Market,” the global market for pyrethrin is expected to exceed $400 million by 2030, displaying a robust CAGR of 5.2% during the forecast period from 2023 to 2030.
Pyrethrin is a natural insecticide derived from chrysanthemum flowers, widely used for pest control in agriculture and public health applications. The market’s growth is driven by the increasing demand for eco-friendly pest control solutions, the rising awareness of vector-borne diseases, and the adoption of integrated pest management practices.
Key findings from the report:
- Environmentally Friendly: Pyrethrin is biodegradable and poses minimal risk to humans, animals, and the environment.
- Vector Control: Pyrethrin plays a vital role in controlling disease vectors such as mosquitoes and ticks.
- Agricultural Use: The agriculture sector relies on pyrethrin for crop protection, reducing the need for synthetic pesticides.
- Market Competitors: Leading players in the pyrethrin market include Botanical Resources Australia Pty Ltd, Horizon Sopyrwa, and KAPI Limited, who continually innovate to meet evolving industry demands.
The report predicts substantial growth in the global pyrethrin market as sustainability and environmental concerns drive the adoption of natural pest control methods. MarkWide Research’s comprehensive analysis provides insights into the market’s current landscape and future trends, empowering agricultural professionals and pest control experts to make informed decisions and capitalize on opportunities in the pyrethrin market.
MarkWide Research is a leading market research and consulting firm, providing in-depth analysis and strategic insights across various industries. With a team of experienced analysts, MarkWide Research is committed to delivering actionable intelligence, assisting clients in making informed business decisions and achieving sustainable growth.