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Beta-cyfluthrin Market

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The research report on Beta-cyfluthrin Market is segmented by Application and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Beta-cyfluthrin Market – Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2026
Beta-cyfluthrin is a pyrethroid insecticide and common household pesticide. Betacyfluthrin is used for a wide array of insects such as moths, butterflies,
grasshoppers, beetles, and weevils in agriculture, in and around the home, and in
food handling units. It was introduced in 1995 and approved for use in all the
European countries. Insects such as roaches, silverfish, fleas, spiders, ants, crickets,
houseflies, ticks, mosquitoes, wasps, hornets, yellow jackets, gnats, and earwigs
hinder agriculture production by chewing the leaves of crop plants, sucking out plant
juices, boring within the roots, stems or leaves, and spreading plant pathogens.
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Market Dynamics
● Growing urbanization and good agricultural practices such as reducing
erosion, scheduled irrigation, and maintaining of manure application are
boosting demand for insecticides. Besides removal of vegetation,
destruction of pastures and crops, and creation of nuisance in urban
and rural residential areas, insects also interfere with nature-based tourism,
as it causes the destruction of natural resources.
● However, consumers should take safety measures before using insecticides
in outdoor and indoor areas. Exposure to these insecticides can cause
sensation of prickling, creeping on skin, numbness, headache, dizziness,
nausea, vomiting, and diarrhea. Rapid adoption of organic insecticides and
occurrence of health hazards is expected to restraint growth of the
beta-cyfluthrin market.
● Europe has directed manufacturers to use precautionary labelling for using
cyfluthrin as ingredients in insecticides
Market Outlook
● Among application, agriculture segment was dominant in the market in 2017.
Beta-cyfluthrin is used as insecticides for protecting cereals and grains,
oilseeds and pulses, and vegetables, owing to their low input cost. The
segment is projected to hold dominant position in the market over the forecast
period. According to a statistics of Food and Agricultural Organization (FAO),
the global production of cereal was 2.85 billion tons in 2016, which grew at the
rate of 1.9% from 2015.
● Asia Pacific held highest market share in the global beta-cyfluthrin market in
2017 and is projected to retain its dominance over the forecast period. This is
attributed to increasing demand for insecticides in agriculture to improve crop
yield. The growing demand for food grains due to increasing population has
resulted in increasing demand for pesticides. The government of India had
launched an initiative in 2015 for farmers to create awareness about the safe
and judicious use of pesticides.
● North America is projected to be the fastest growing region in the market
over the forecast period. Growth in the agriculture industry is the most
important factor driving growth of the market in North America. According to a
statistics by the Food and Agricultural Organization (FAO), production of
cereal in 2016 was 531 million tons in North America, which grew at the rate
of 9.5% from 2015.
Key players in the Global Beta-cyfluthrin Market
● Key players operating in the global beta-cyfluthrin market include Bayer,
Ineos, Aoda Chemical, Zhongteng Chemcial, Youth Chemical, Hongxing
Chemical, Weihua Chemical, Zhongchao New Material, and Liyang Organo
Synthesis Chemical.
● Key market players are launching new types of products containing
beta-cyfluthrin, in order to meet rising demand for these products from
consumers. For instance, Bayer India’s Environmental Science business unit
launched TempridTM SC in May 2016. This product is recommended to be
used in food handling or processing areas of food manufacturing companies
to control the number of cockroaches and other insects.
● Mergers and acquisitions, joint ventures, partnerships, and geographical
expansions are some of the key strategies adopted by these companies, in
order to ensure long term sustenance in the market. In March 2017, FMC
Corporation acquired a significant portion of DuPont Crop Protection business
to be divested with the European Commission ruling, which is related to the
merger of DuPont with The Dow Chemical Company during the same period.
FMC Corporation expects to generate a revenue of US$ 1.5 billion in this year
through this acquisition.
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Author
apeksha motghare
apeksha motghare510   documents Email
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