Permethrin Market is Segmented By Form (Liquid, Powder, Ready To Use Spray, Others), By Application (Agricultural, Industrial, Medical, Domestic, Textile, Personal Care), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Permethrin Market Size
The Global Permethrin Market reached USD 195.1 million in 2022 and is projected to witness lucrative growth by reaching up to USD 322.9 million by 2030. The market is expected to exhibit a CAGR of 6.5% during the forecast period 2023-2030.The permethrin family of insecticides includes permethrin.
It is a man-made substance that mimics the effects of a chrysanthemum flower extract. It also belongs to the pyrethrin class of medicines and synthetic pyrethroids. The mites and their eggs are paralyzed and killed by permethrin. Many permethrin-based treatments are used in public hygiene mosquito control campaigns.
They are also applied to clothing, ornamental lawns, animals, pets, food, feed crops, attractive grounds, and buildings and structures. The increased use of permethrin on cotton, wheat, maize, and lucerne crops, which prevents insect growth on crops without causing crop damage, is driving the growth of the global permethrin market. Permethrin is also widely used in tropical regions as a mosquito control, a tick control component to stop mosquito-borne illnesses including dengue and malaria, which is a key factor in driving the permethrin market growth.
Permethrin Market Summary
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Metrics |
Details |
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CAGR |
6.5% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (USD ) |
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Segments Covered |
Form, Application, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Permethrin Market Dynamics and Trends
The Increasing Use of Permethrin in Various End-Use Industries is Driving the Market Growth.
With the rising demand for medicines as a result of growing public health awareness along with public health insecticides, the pharmaceutical industry is driving the permethrin market growth. The use of permethrin in the agriculture and healthcare industries is being driven by growing research and development activities, as the mode of action of permethrin is primarily in the agricultural sector as agricultural chemicals. Cotton, wheat, maize, and lucerne are the main crops that permethrin market is employed on.
Behavioral Changes in Insects is Impeding the Market Growth.
The quick-paced photodegradation associated with high susceptibility to moisture and heat is restricting the effectiveness of permethrins in agriculture applications. However, the potential benefits of permethrins are motivating chemical manufacturers towards the development of sunlight-stable products.
Furthermore, the behavioral and genetic changes in insects that result in resistance to permethrin treatment are acting as a major restraint for the growth of the market. Also, permethrins are associated with neurological disorders and cardiovascular diseases in humans. The EPA (Environmental Protection Agency) is reevaluating a total of 23 permethrins. However, 13 have been approved with new restrictions while 10 are pending assessment.
Permethrin Market Segmentation Analysis
The global permethrin market is segmented based on form, application, and region.
In the Global Market of Permethrin, the Powder Segment Holds the Largest Market Share.
The global permethrin market has been segmented by form into liquid, powder, ready to use spray, and others. The liquid segment held the largest permethrin market share of 62.6% in 2022 in the permethrin market analysis report. The segment is expanding because of its most favored and frequent usage to treat nits, scabies, and head lice since the liquid form of acaricides acts effectively as pest control products on veterinary products.
The powder category is the second-most dominant. The powder form is less preferred by the industry due to its ability to absorb moisture, and the majority of insecticidal sprays are liquid since liquid form now dominates the worldwide permethrin market.
Global Permethrin Market Geographical Share
The Asia-Pacific Held the Largest Share of Permethrin Market.
Due to the widespread usage of pesticides in countries like China, India, and Pakistan, the Asia Pacific region has emerged as the main market for permethrin. The Asia-Pacific permethrin market held the largest market share of 58.4% in 2022 in the permethrin market analysis. Precision farming is becoming more popular, and the use of efficient crop protection tools is increasing the need for high-performance insecticides. These factors are driving the growth of the market in this region by increasing food demand and reducing arable land per capita.
Permethrin Market Companies
The major global players in the market include Bluebell Pharma, Crop Life Science, Kalyani Industries, Golden Harvest Chemical, Kangmei Chemical, Tagros, Jiangsu Lanfen, Sumitomo Chemical, Aimco Pesticides, and Aestar.
COVID-19 Impact on Permethrin Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The COVID-19 pandemic affected the permethrin market strongly. Since 2019, the worldwide crisis caused by the COVID-19 pandemic has majorly impacted most industries. The COVID-19 pandemic affected many economies around the globe in 2021. Many combat measures, like complete lockdowns and quarantine for two consecutive years, 2020 and 2021, to fight COVID-19, have strongly affected many industries worldwide, including a portion of the agricultural fertilizers industry.
Mainly in the agriculture sector, insecticides have registered a strong slowdown in sales in 2020 and the first quarter of 2021 due to the disturbance in logistics and transportation in many countries. Along with these, the permethrins market registered disruptions in the entire sector's value chain from raw materials supply to manufacturing, packaging, and distribution.
Key Developments
- In September 2020, a premium brand of insect repellents called Ranger Ready Repellents announced the introduction of Ranger Ready Permethrin 0.5%TM and the Ranger Ready P2PAKTM, the first combined repellent pack with Picaridin 20% for body use and Permethrin 0.5% for garment wear.
- In June 2022, to help fight disease, AkzoNobel introduced a covering that repels mosquitoes. A potent mosquito-repellent coating created by AkzoNobel's Coral brand is a new ally in the fight against an invasive carrier of the dengue virus for Brazilians.
Why Purchase the Report?
- To visualize the global permethrin market segmentation based on form, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of Permethrin market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global permethrin market report would provide approximately 93 tables, 109 figures and 190 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
