Global Permethrin Market Overview
As per MRFR analysis, the Permethrin Market Size was estimated at 1.42 (USD Billion) in 2022.The Permethrin Market Industry is expected to grow from 1.48(USD Billion) in 2023 to 2.15 (USD Billion) by 2032. The Permethrin Market CAGR (growth rate) is expected to be around 4.26% during the forecast period (2024 - 2032).
Key Permethrin Market Trends Highlighted
A key market driver there is the increased use of permethrin in the agricultural industry as an insecticide and in the health sector for the control of mosquitoes. This has been fueled by raising awareness of malaria and dengue fever prompting the use of permethrin-based products. Also, demand for permethrin from the textile industry where insect-proof and insect-repellent clothing is manufactured is also another major driving factor of the market. There are also opportunities to develop other forms of permethrin products such as environmentally safe and slow-releasing products. The recent development is the use of permethrin impregnated bed nets and uniforms in malaria endemic regions. Further, the market is witnessing more strategic efforts in research and development towards improving the effectiveness as well as the safety of permethrin.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Permethrin Market Drivers
Rising Demand for Insect Control in Agriculture
Permethrin is among the most useful insecticides that can be applied to control a wide variety of insect pests in agricultural settings. With food production increasing, there has been an escalating demand for the compound as insects are becoming resistant to other insecticides. Permethrin is crucial in farming as it affects a wide range of insects such as beetles, caterpillars, and flies. Farmers apply the compound to safeguard their crops as it triggers reduced damage to the crops and high yields.It is anticipated that the Agricultural segment will continue to be the key driver of growth for permethrin in the Permethrin Market Industry in the next few years.
Expanding Applications in Public Health
Apart from being used in the agricultural sector, permethrin has been gaining popularity in the public health sector. Mosquitoes, ticks, and other vectors cause various diseases which impose a health risk on human beings. As such, permethrin’s ability to repel and kill vectors has made it essential in the manufacture of mosquito nets, insecticides, and repellents. Day by day, governments and other public health organizations have been appreciating the value of permethrin in helping reduce the spread of vector-borne diseases, and this phenomenon has been fuelling the growth of the Permethrin Market Industry.
Growing Awareness of Personal Protection
Concern for personal protection against insects has increased among individuals as well as families. Repellents based on permethrin can have effective safety against evening insect bites, which can cause a wide range of diseases and give a sense of security in risk-prone areas. The growth of the Permethrin Market Industry is highly dependent on the increasing demand for personal insect repellent, which is observed from the regions of the world that are prone to large numbers of insects or disease-causing agents.
Permethrin Market Segment Insights:
Permethrin Market Application Insights
The Permethrin Market is expected to showcase steady growth in the coming years. The market is segmented by application into public health, agriculture, animal health, textiles and fabrics, and wood protection. Public Health accounted for the largest share of the Permethrin Market in 2023 and is projected to continue to dominate the market through 2032. The widespread use of permethrin in mosquito nets, insecticides, and repellents for the prevention and control of malaria, dengue, and other vector-borne diseases drives the growth of this segment.The Agriculture segment is another significant contributor to the Permethrin Market. Permethrin is used as an insecticide to control pests in various crops, including cotton, corn, soybeans, and fruits and vegetables. Its effectiveness against a broad spectrum of insects, coupled with its residual activity, makes it a preferred choice for farmers. Animal Health is another growing segment in the Permethrin Market. Permethrin is used in veterinary products to control ectoparasites such as ticks, fleas, and lice in livestock and companion animals.Its efficacy, safety profile, and cost-effectiveness contribute to its popularity in this segment. The Textiles and Fabrics segment is expected to witness significant growth in the coming years. Permethrin is used as a treatment for textiles to provide insect repellency and antimicrobial properties. The increasing demand for insect-resistant clothing and fabrics in various applications, including military, outdoor gear, and healthcare, is driving the growth of this segment. The Wood Protection segment is also expected to contribute to the growth of the Permethrin Market.Permethrin is used as a wood preservative to protect against termites, wood-boring beetles, and other wood-destroying organisms. Its long-lasting protection and low environmental impact make it a preferred choice for wood treatment in construction, furniture, and other industries. Overall, the Permethrin Market is poised for growth, driven by the increasing demand for insect control in various applications. The market is expected to witness technological advancements, new product developments, and regulatory changes that will shape its future growth trajectory.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Permethrin Market Form Insights
The permethrin market is segmented by form into liquids, powders, dusts, emulsifiable concentrates, and aerosols. The liquids segment is expected to be the largest segment of the market in 2023. The growth may be attributed to the fact that liquids are highly effective and can be easily spread. The powders segment is anticipated to be the most rapidly growing one due to the low prices and long shelf life. Dusts are forecast to be the least essential segment, but they are expected to be still vital for the control of lice and fleas. Concentrates, including emulsifiable ones, are expected to grow at a stable pace because of their convenience: they can be dissolved in water and sprayed.The aerosols segment is expected to be growing moderately, which can be explained by the tendency of increased use of goods that are not time-consuming.
Permethrin Market End-use Insights
The Permethrin Market is segmented based on end-use into residential, commercial, industrial, agricultural, and veterinary. The agricultural segment is expected to hold the largest market share during the forecast period due to the increasing demand for permethrin for pest control in crops. The residential segment is also expected to witness significant growth due to the rising awareness about the harmful effects of pests on human health. The commercial segment is projected to grow steadily as permethrin is used in various commercial establishments such as hotels, restaurants, and hospitals for pest control.The industrial segment is anticipated to show moderate growth due to the increasing use of permethrin in the manufacturing sector for protecting products from pests. The veterinary segment is expected to witness a steady growth rate due to the rising demand for permethrin for treating and preventing pests in animals.
Permethrin Market Target Pest Insights
Mosquitoes are the primary target pests for permethrin, accounting for over 40% of the Permethrin Market revenue in 2023. The rising prevalence of mosquito-borne diseases such as malaria, dengue, and Zika has escalated the demand for effective mosquito control solutions, driving the growth of the permethrin market. Additionally, permethrin demonstrates high efficacy against fleas and ticks, representing a significant market share. The increasing pet ownership and growing awareness of vector-borne diseases have fueled the adoption of permethrin-based products for pet care and veterinary applications.Permethrin's effectiveness against moths and termites has also garnered market traction, as these pests can cause substantial damage to textiles, furniture, and wooden structures.
Permethrin Market Distribution Channel Insights
The distribution channel segment of the permethrin market plays a crucial role in connecting manufacturers with end-users. Key distribution channels include retail stores, online retailers, distributors, wholesalers, and direct sales. Among these, retail stores account for a significant share of the Permethrin Market revenue, driven by the convenience and accessibility they offer to customers. Online retailers have gained prominence in recent years, particularly in the e-commerce sector, offering a wider product selection and competitive pricing.Distributors and wholesalers serve as intermediaries between manufacturers and retailers, facilitating bulk purchases and efficient supply chain management. Direct sales channels involve manufacturers directly selling to end-users, providing opportunities for personalized service and building strong customer relationships. The choice of distribution channel depends on factors such as product type, target audience, and market dynamics, with each channel offering unique advantages and challenges.
Permethrin Market Regional Insights
The Permethrin Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America and Europe are the largest markets for permethrin, accounting for over 50% of the revenue in 2023. The APAC region is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for permethrin in the agricultural sector. In North America, the United States is the dominant market for permethrin. The region is home to a large number of agricultural producers who use permethrin for pest control.Europe is another major market for permethrin, with France, Germany, and Italy being the key countries. The region has a strong regulatory framework in place for the use of pesticides, which has led to the adoption of permethrin as a safe and effective pest control solution. The APAC region is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for permethrin in the agricultural sector. China is the largest market for permethrin in the region, followed by India and Japan. The region is home to a large number of smallholder farmers who use permethrin to protect their crops from pests.South America and MEA are also expected to witness steady growth in the permethrin market during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Permethrin Market Key Players And Competitive Insights:
The big companies operating in the Permethrin Market are utilizing strategic alliances including mergers and acquisitions, and organic and inorganic growth routes to expand their regional and presence. The leading players in the Permethrin Market are engaged in developing their product portfolio by launching innovative products supported by developments in research and development of the product. Permethrin Market development is supported by the partnerships, collaboration and joint ventures of the companies to launch new products that are highly efficient as well as cost-effective. Permethrin Market manufacturers are also engaged in introducing new products in the existing product category to face the fierce competition and retain their existing market share. Thus, the competitive landscape of the Permethrin Market is expected to remain dynamic with the introduction of new market entrants and new innovative products.FMC Corporation has emerged as a dominant player in the Permethrin Market. The company offers a wide range of permethrin products in the form of insecticide, repellent and treated fabric. The agriculture end-use segment of the chemical company avails the benefit of permethrin used in the form of insecticides offering pest control services. The other end-use segment of the Permethrin Market also gets the benefit of consumer permethrin products for usage as repellents and treated clothing. FMC Corporation is a chemical company engaged in extensive research and development activities to introduce novel products to keep itself ahead in the Permethrin Market.Bayer Permethrin Market is another major market player offering crop protection solutions and its application includes the usage of permethrin product insecticides. The past spectrum of Bayer insecticides are used in the cotton crop, vegetables and fruits at an agricultural level by farmers to control the pest. The presence of Bayer and its local distributor also expands the reach of the Permethrin Market. The outlook of sustainable agriculture practiced by Bayer is expected to benefit the environmentally friendly demand for pest management solutions and limit the demand for traditional crop protection chemicals. The repeated buying experience and the strength of Bayer brands also support the growth of the Permethrin Market.
Key Companies in the Permethrin Market Include:
- Corteva Agriscience
- Adama
- FMC
- Hebei Veyong Biochem
- UPL
- Syngenta
- Jiangsu Yangnong Chemical
- Bayer
- Lonza Group
- Nufarm
- BASF
- Arysta LifeScience
- Crystal Chemical
- Chemtura
- Sumitomo Chemical
Permethrin Market Industry Developments
The permethrin market is projected to reach USD 2.15 billion by 2032, exhibiting a CAGR of 4.26% during the forecast period (2024-2032). Rising demand for permethrin in the agricultural sector, particularly for pest control in crops, is a key driver of market growth. Additionally, increasing awareness about vector-borne diseases and the use of permethrin-treated clothing and mosquito nets is contributing to market expansion. Recent developments include the launch of new permethrin-based products, such as long-lasting insecticidal nets (LLINs) and formulations with enhanced efficacy against insecticide-resistant pests. Furthermore, ongoing research and development efforts to improve the safety and efficacy of permethrin are expected to provide new opportunities for market growth.
Permethrin Market Segmentation Insights
Permethrin Market Application Outlook
- Public Health
- Agriculture
- Animal Health
- Textiles and Fabrics
- Wood Protection
Permethrin Market Form Outlook
- Liquids
- Powders
- Dusts
- Emulsifiable Concentrates
- Aerosols
Permethrin Market End-use Outlook
- Residential
- Commercial
- Industrial
- Agricultural
- Veterinary
Permethrin Market Target Pest Outlook
- Mosquitoes
- Fleas
- Ticks
- Moths
- Termites
Permethrin Market Distribution Channel Outlook
- Retail Stores
- Online Retailers
- Distributors
- Wholesalers
- Direct Sales
Permethrin Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Permethrin Market Report Scope
Report Attribute/Metric |
Details |
Market Size 2022 |
1.42(USD Billion) |
Market Size 2023 |
1.48(USD Billion) |
Market Size 2032 |
2.15(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.26% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Corteva Agriscience, Adama, FMC, Hebei Veyong Biochem, UPL, Syngenta, Jiangsu Yangnong Chemical, Bayer, Lonza Group, Nufarm, BASF, Arysta LifeScience, Crystal Chemical, Chemtura, Sumitomo Chemical |
Segments Covered |
Application, Form, End-use, Target Pest, Distribution Channel, Regional |
Key Market Opportunities |
Increase in demand for insecticides Growing awareness about vector-borne diseases Development of new applications in the pharmaceutical industry Rising demand in emerging economies Technological advancements. |
Key Market Dynamics |
Increasing demand from agriculture Rising use in public health sector Growing adoption in pet care Technological advancements Expanding applications in textiles |
Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The permethrin market was valued at 1.48 billion U.S. dollars in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.26% from 2024 to 2032, reaching 2.15 billion U.S. dollars by 2032.
North America and Europe are the major regions contributing to the growth of the permethrin market. In 2023, North America accounted for the largest share of the market, followed by Europe. The Asia-Pacific region is expected to experience the fastest growth during the forecast period.
Permethrin is primarily used as an insecticide and acaricide in various applications, including agriculture, public health, and household pest control. It is commonly used to control pests such as mosquitoes, ticks, fleas, and lice.
Key competitors in the permethrin market include BASF, Bayer, FMC Corporation, Syngenta, and UPL. These companies offer a range of permethrin-based products for various applications.
The growth of the permethrin market is driven by increasing demand for effective pest control solutions in agriculture, public health, and household applications. Rising concerns about vector-borne diseases and the need for effective mosquito control contribute to the market's growth.
The permethrin market faces challenges related to regulatory restrictions and the development of resistance to pests. Stringent regulations governing the use of pesticides and concerns about environmental impact can hinder market growth.
Opportunities for growth in the permethrin market lie in the development of new formulations and applications. The increasing adoption of integrated pest management (IPM) practices and the demand for eco-friendly pest control solutions present growth opportunities.
Key trends shaping the permethrin market include the growing adoption of digital technologies in pest control, the development of bio-based and eco-friendly permethrin formulations, and the increasing demand for permethrin-treated products in emerging markets.
The outlook for the permethrin market is positive. The market is expected to continue growing steadily, driven by increasing demand for effective pest control solutions and the development of new applications.
Key factors to consider when investing in the permethrin market include market dynamics, regulatory landscape, competitive landscape, and technological advancements. Investors should also assess the potential impact of factors such as climate change and the development of alternative pest control solutions.