Global Permethrin Market Projected To Surge At About USD 388.77 Million by 2032

According to experts from Zion Market Research, the global Permethrin Market was valued at USD 215.42 Million in 2023 and is projected to hit USD 388.77 Million by 2032, with a compound annual growth rate (CAGR) of 6.78% during the forecast period 2024-2032. The liquid form section dominated the market during 2023 and is likely to demonstrate an outstanding growth rate in the next coming years. The increasing demand for pesticides due to suppression of crop production losses and surged product quality is expected to speed up the permethrin market growth. This substance presents better protection against the pest infestation due to higher toxicity toward insects and sodium level disruption attributes will spur the product demand.

Some of the key players in the global permethrin market are Heranba Industries Ltd, Kalyani Industries, Wavelength Pharmaceuticals, Shenzhen JingLu Biotechnology Co. Ltd, Crop Life Science Limited, Aristo Biotech, Bharat Group, Gharda Chemicals Ltd, Merck KGaA, Shanghai Bosman Industrial Co., Ltd., and Guilin Chany Nutra Limited.

Higher Toxicity Of Permethrin Is Increasing Its Demand In Different Insecticidal Applications

Permethrin is extremely deadly for different parasites and it also serves as a repulsive for many insects. These characteristics of permethrin are driving the demand for permethrin across the market. The pharmaceutical use of permethrin counting its application for head lice treatment is augmenting at a good rate. The intensifying health consciousness and rising population are boosting the pharmaceutical industry at a greater rate, which is in return propelling the demand of permethrin from pharmaceutical applications. The increasing demand for pesticides and insecticides from agricultural sector is also stimulating permethrin demand. The increased household use of permethrin is also speeding up its demand from different household applications.

The global permethrin market is segmented based upon its applications, by form, and geography. Based on form the market is classified into liquid, powder, ready to use spray, and others (paste and dust). Based on the applications the market is segmented into medical, domestic, textile, agriculture, industrial, and personal care.

The Asia Pacific Region To Witness Massive Development In The Global Permethrin Market

Based on the geographical analysis, the global permethrin market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region—led by Australia, Japan, China, South Korea, and India—permethrin market is expected to witness an extensive surge that might account for more than 4.2% by 2025. India is the major producer of wheat, pulses, rice, spices and spice products. The positive government initiatives such as NFSM (National Food Security Mission) aiming to expand wheat, rice, pulses, and coarse cereals are anticipated to drive the demand for agricultural pesticides, therefore driving the domestic market growth. Europe, driven by the U.K., France, Italy, and Germany market is predicted to exceed USD 45.2 million by 2025.

Browse the full “Permethrin Market - By Form (Liquid, Powder, Ready To Use Spray, and Others), By Application (Textile, Medical, Domestic, Agriculture, Industrial, and Personal Care), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/permethrin-market

The global permethrin market is segmented as follows:

By Form

• Liquid
• Powder
• Ready to use spray
• Others (Dust and Paste)

By Application

• Domestic
• Textile
• Agriculture
• Industrial
• Medical
• Personal Care

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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