Pyrethrin Market Size, Trends, Growth, & Forecast to 2027

[Research Report] The pyrethrin market accounted for US$ 235.35 million in 2019 and is expected to reach US$ 353.53 million by 2027; it is anticipated to grow at a CAGR of 5.3% during the forecast period of 2020 to 2027.

North America held the largest share of global pyrethrin market in 2019. Demand for pyrethrin in the region is expected to increase due to rise in requirement of hygiene products in the household sector. Changing lifestyle, increase in population, and rise in disposable income of consumers favors the pyrethrin market in North America. Moreover, the high potency and effectiveness of pyrethrin as a vital ingredient in household and industrial sector also drives the market growth. New investments and marketing strategies by manufacturers have also fueled the demand for pyrethrin in North America. Increase in cases of dengue fever and yellow fever have raised the need for pyrethrin in the region. Inclination toward the use of organic products is yet another factor that favors the pyrethrin market in North America.

Global Pyrethrin Market, 2019

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Market Insights

Pyrethrin as Organic Insecticide to Favor Market Growth

Pyrethrin, also called pyrethrum, refers to a compound that is extracted from the chrysanthemum flower, which is a plant native to northeastern Europe, Asia, and Eastern Africa, though it is grown throughout the world. The plant contains pyrethrin, which is used as a natural defense mechanism against insects and other pests. Pyrethrin affects the nervous system of the insects via a deadly toxic effect. As soon as the insect comes in contact with it, the insect dies due to paralysis. This effect of pyrethrin makes it a highly effective organic insecticide, thereby favoring the market for pyrethrin. It is widely used as a natural pest control product globally. It is effective in killing a wide range of insect pests that include ants, mosquitoes, moths, flies, and fleas. Pyrethrin occurs naturally in nature and has minimum impact on human health. Owing to this, it is often considered as the safest type of insecticide across the world. Pyrethrin is capable of replacing conventional insecticides such as organochlorides and organophosphates. Moreover, pyrethrin is biodegradable; it breaks down quickly in sunlight and does not persist in the soil or fruits or veggies, which supports its usage in food crops. Pyrethrin is also considered to be non-toxic & harmless in nature. It is also very effective at “knockdown,” which implies that the flying insects would hit the dirt when sprayed with it. It is mixed with other ingredients to increase its effectiveness. Besides this, pyrethrin is often mixed with piperonyl butoxide (PBO), a type of non-organic chemical for the purpose of making it more potent. It also affects crawling and flying insects when applied in larger quantities.  In smaller amounts, it serves as a deterrent or repellent. All these factors are responsible for boosting the demand for pyrethrin.

New Pyrethrum Industry Established in Tasmania, Australia for Pyrethrin Extract

Despite the fact that many other natural insecticides have entered the market, pyrethrin extract derived from the flowers of pyrethrum daisy remains the most important insecticide commercially, with demand continually outstripping its supply. Kenya was the major producer of pyrethrin extract; however, the production there has been irregular for many years. A new pyrethrum industry has been set up in Tasmania, Australia, which is presently the biggest producer and is set to increase further. This industry was founded as a result of extensive research that led to the development of plant lines that flower simultaneously, offering ease for mechanical harvesting, this drastically reduces required time and labor cost for the process. Major applications of pyrethrin continue to center on the control of flying insects such as mosquitoes; pre-harvest cleanup; and pests affecting human & animal health. With the establishment of this industry and rise in demand for organically grown insecticide, the use of pyrethrin is also increased. Moreover, governments across nations are now taking initiatives for fostering education in pest control subjects amongst the urban and rural population as well as initiating professional bodies and codes of practice in this sector. All these initiatives taken together would bolster well with the pyrethrin market and also open lucrative opportunities for the increased production of pyrethrin in the near future. 

Type Insights

Based on type, the pyrethrin market is bifurcated into pyrethrin I and pyrethrin II. In 2019, pyrethrin I dominated the global pyrethrin market. An increase in demand for pyrethrin has been observed owing to increasing awareness about its benefits in insecticides. Pyrethrin I is one of the two pyrethrins, which is a natural organic compound with effective insecticidal activity. It is an ester of trans-chrysanthemic acid with pyrethrolone. The trans-methyl group of the isobutenyl side group of pyrethrin I is easily oxidized to hydroxymethyl derivatives and is further oxidized to the corresponding carboxylic acid derivatives through aldehydes. Rising awareness about the application of pyrethrin I in insecticides is expected to boost the growth of the pyrethrin market in the near future.

Global Pyrethrin Market, by Type

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Pest Type Insights

Based on pest type, the global pyrethrin market has been segmented into lepidoptera, coleoptera, mites, diptera, and others. The diptera segment held the largest share in the global pyrethrin market in 2019. The diptera or true flies include insects, such as midges, mosquitoes, sandflies, blowflies, and houseflies. The class of diptera flies contaminates the food and spreads diseases, such as typhoid, malaria, and cholera. The dipteran larvae are legless. They live in aquatic, semi-aquatic, or moist terrestrial environments. Pyrethrin, as an insecticide, is highly capable of directly impacting the nervous system of diptera flies. This kills them directly or ends up harming their reproductive systems. Rise in adoption rate of pyrethrin as an insecticide due to its strong and life threatening effects on diptera has favored the global pyrethrin market.

COVID-19 pandemic has been affecting economies and industries in various countries, including the US, Brazil, Russia, India, Italy, the UK, Iran, and Spain. Chemicals and materials is one the world’s major industries suffering serious disruptions in the form of supply chain breaks, event cancellations, and office shutdowns as a result of the lockdowns imposed in various countries to contain the disease spread. China is the global manufacturing hub and largest raw material supplier for various industries; it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various chemical and materials. These factors are likely to restrain the growth of various markets related to the chemicals and materials industry in next few financial quarters.

Strategic Insights

A few major players operating in the global pyrethrin market include Botanical Resources Australia Pty Ltd; China Xi'an Nutrendhealth Biotechnology Co, Ltd; Endura; Zhejiang Rayfull Chemicals Co., Ltd.; Pestech Australia Pty Ltd.; Scintex.; Sumitomo Chemical Co., Ltd.; Horizon Sopyrwa; Kapi Limited; and Zhengzhou Delong Chemical Co., Ltd. Major players in the pyrethrin market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.

Global Pyrethrin Market Segmentation

By Type

• Pyrethrin I
• Pyrethrin II

By Pest Types

• Lepidoptera
• Coleoptera
• Mites
• Diptera
• Others

By Application

• Agricultural Insecticides
• Household Insecticides
• Commercial and Industrial
• Animal Healthcare
• Others

By Geography

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe

• Asia Pacific (APAC)

  • Australia
  • China
  • India
  • Japan
  • Rest of Asia Pacific

• Middle East & Africa (MEA)

  • Kenya
  • South Arabia
  • Tanzania
  • Rest of Middle East & Africa

• South America

  • Brazil
  • Argentina
  • Rest of South America

Company Profiles

• Botanical Resources Australia Pty Ltd.
• China Xi'an Nutrendhealth Biotechnology Co., Ltd.
• Endura
• Zhejiang Rayfull Chemicals Co., Ltd.
• Pestech Australia Pty Ltd.
• Scintex
• Horizon Sopyrwa
• Sumitomo Chemical Co. Ltd.
• Kapi Limited
• Zhengzhou Delong Chemical Co., Ltd