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The rising demand for agricultural products impact permethrin market trends

Author : Ravi Chawat | Published Date : 2021-02-22 

Permethrin is widely utilized in the agriculture sector as an insecticide to safeguard wheat crops from insects including aphids, brown wheat mite, termites, armyworms, and legume pod borer. Reports estimate that France permethrin market size will exceed USD 8.5 million by 2025. In Europe, France is the largest producer of wheat and the product is mainly utilized in producing French bread such as Pain au Son, Pain Baguette, Pain au Levain, and Pain au Froment.

With the increasing use of insecticides, permethrin will be high in demand to protect agricultural products and crops, particularly wheat, from insects and increase production to large extent. In addition, EU commission has started many initiatives including trade policy, farmers income support, and market intervention, propelling regional agricultural sector and favoring permethrin market growth.

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Permethrin, a synthetic chemical, is excessively utilized as an insecticide to offer high toxicity and disrupt the sodium level in insects to damage their nervous system. Higher use of the product to enhance productivity as well as to restrict infestation in the agricultural sector will prominently drive permethrin market trends over the coming years

Permethrin market share is projected to witness considerable growth owing to rising product demand for military suites fabrics that are manufactured to provide army personnel protection from insect-borne diseases. Permethrin is in high demand as it provides reliable protection against a wide range of arthropods and vector insects, such as mosquitoes and flies.

Today, armies of numerous countries are using permethrin-treated military uniforms as a vector control strategy and protection system for military personnel against insects. Mounting trend of insecticides treated fabrics by different armies including U.S. and British for new military suites will certainly promote the product demand in the near future.

Providers of permethrin components are focused on strategies to expand their global presence and product portfolio. For instance, Jiangsu Youjia Crop Protection, a subsidiary of Jiangsu Yangnong Chemical, in April 2020, made major investments to cover a large amount of pyrethroids, a derivative of permethrin to speed up the firm’s production deployment and coastal strategy.

Crop Life Science Limited, Sumitomo Chemical, Bayer, Meghmani, Aestar, Gharda, Tagros, Heranba, and Guangdong Liwei are a few of the other global product suppliers. It has been estimated that permethrin market size could globally be worth more than USD 200 million in annual valuation by 2025.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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