Lambda Cyhalothrin Market Size, Share, Industry Trends and Forecast 2030

Global Lambda Cyhalothrin Market: Overview

The global Lambda Cyhalothrin Market was worth around USD 1,602.37 million in 2022 and is estimated to grow to about USD 2,415.63 million by 2030, with a compound annual growth rate (CAGR) of approximately 5.26% over the forecast period.

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The United States Environmental Protection Agency (EPA) registered lambda-cyhalothrin as an insecticide in 1988. Lambda-cyhalothrin is a member of the pyrethroid family of compounds. Pyrethroids are synthetic insecticides that are comparable to natural pyrethrins. Researchers created pyrethroid insecticides to improve the qualities of pyrethrins. Ear tags, tiny capsules, liquids, pellets, and powders containing lambda-cyhalothrin are among the goods available. When insects ingest or contact lambda-cyhalothrin, it affects a wide range of outdoor as well as indoor insects. Lambda-cyhalothrin contains insect-repelling characteristics.

Global Lambda Cyhalothrin Market: Growth Factors

The global lambda cyhalothrin market is growing at a faster pace. Lambda-cyhalothrin, one of the most significant pyrethroid compounds, is widely employed for insect and pest control in agricultural goods such as vegetables, cotton, and fruit trees. It has a wide variety of uses due to its great efficiency and low toxicity. The rise in worries about diseases spread by insects, the emphasis on preventing disease instead of cure, and the fast expansion of commercial pest control services are driving the global lambda cyhalothrin market. Further, the market expansion is fueled by a rise in production for food grains as a result of rapid population growth and a significant decrease in per capita agricultural land as a result of accelerated urbanization & industrialization during the projected period.

Moreover, as people become more conscious of the need of living a healthy, risk-free, and safer lifestyle, new methods to control insect proliferation in residential areas have emerged. All such factors are majorly contributing to the growth of the global market. However, concerns about lambda-cyhalothrin toxicity and rigorous regulatory limits on insecticide use may restrain the growth of the global lambda cyhalothrin market. On the other hand, heavy investments by the key market players in the production of lambda cyhalothrin and the implementation of business strategies for the expansion of the business may provide opportunities for the growth of the global lambda cyhalothrin market during the forecast period.

The COVID-19 pandemic effect on the global lambda cyhalothrin market is moderate as a result of continuing demand for vegetables during the pandemic period. Major players in the developed countries maintained the stocks to overcome the shortage of lambda cyhalothrin for agricultural use.

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Global Lambda Cyhalothrin Market: Segmentation

The global market for lambda cyhalothrin market is bifurcated on the basis of product types, applications, and regions. Based on the product types, the lambda cyhalothrin market is characterized by suspension concentrate, capsule suspensions, water dispersible granules, emulsifiable concentrate, liquid, and others. Applications of the lambda-cyhalothrin covered in the report include public health, homes & gardens, agriculture, and others.

Global Lambda Cyhalothrin Market: Competitive Players

The report includes some of the major players in the global lambda cyhalothrin market that hold a large share are BASF SE, ADAMA Ltd., FMC Corporation, Biostadt India Limited, Jiangsu Changlong Agrochemical Co., Ltd., Guangdong Liwei Chemical Industry Co., Ltd., Jiangsu ChunJiangRunTian Agrochemical Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd., Jiangsu Fengshan Group Co., Ltd., Jiangsu Institute of Ecomones Co., Ltd., Shandong Weifang Rainbow Chemical Co., Ltd., Rallis India Limited, Nanjing Red Sun Co., Ltd., Nufarm Ltd., and Syngenta Group, among others.

Global Lambda Cyhalothrin Market: Regional Analysis

The global market for lambda-cyhalothrin is driven by the North American region. The United States is the major utilizer of lambda-cyhalothrin in the region. Also, the continuing demand of the insecticides in other parts of the regions for corn, wheat, and soyabean crops is primarily contributing to the large share of the region in the global market. The market in Europe is developed and likely to contribute a significant share in terms of revenue. The Asian countries with large agricultural lands such as China and India are projected to increase the demand for lambda-cyhalothrin in the Asia Pacific market during the forecast period.

Lambda Cyhalothrin Market: Report Scope

Global Lambda Cyhalothrin Market: Competitive Players

• BASF SE
• ADAMA Ltd.
• FMC Corporation
• Biostadt India Limited
• Jiangsu Changlong Agrochemical Co.Ltd.
• Guangdong Liwei Chemical Industry Co.Ltd.
• Jiangsu ChunJiangRunTian Agrochemical Co.Ltd.
• Jiangsu Yangnong Chemical Co.Ltd.
• Jiangsu Fengshan Group Co.Ltd.
• Jiangsu Institute of Ecomones Co.Ltd.
• Shandong Weifang Rainbow Chemical Co.Ltd.
• Rallis India Limited
• Nanjing Red Sun Co.Ltd.
• Nufarm Ltd.
• Syngenta Group

By Product types

• suspension concentrate
• capsule suspensions
• water dispersible granules
• emulsifiable concentrate
• liquid

By Application

• Homes and Gardens
• Public Health
• Agriculture

Global Lambda Cyhalothrin Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.