Sellbyville, DE -- (SBWire) -- 05/21/2020 --Over the last few years, the permethrin market has been experiencing an increasing penetration of prominent companies owing to the product's exponentially huge application landscape. Permethrin is a widely accepted insecticide that works by paralyzing and killing a wide range of insects along with their eggs. The chemical finds usage in different sectors to ward off insects and bugs.
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Additionally, permethrin has the ability to quickly break down in the environment without producing any chances of environmental harm which will promote the use of permethrin, further augmenting product demand. Some of the application trends that will drive the permethrin market share during the forecast period are enlisted below.
Permethrin is widely used as an insecticide in agricultural applications. Permethrin-based pesticides are used on many types of food and livestock crops like wheat, cotton, maize, and alfalfa. Accounting to the safety of usage, the chemical is very well broken down by exposure to sunlight and by microorganisms in the soil. Moreover, this chemical compound does not mix well with the water, further reducing any probabilities of contaminating the groundwater. When applied to any surface permethrin does not evaporate very easily and stays for more than a week which makes it a good constituent of the agricultural pesticides. The efficacy of permethrin to control the insect population without damaging the crops, will fuel permethrin market demand from the agricultural sector.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Kalyani Industries
2. Heranba Industries Ltd
3. Crop Life Science Limited
4. Wavelength Pharmaceuticals
5. Bharat Group
6. Aristo Biotech
7. Merck KGaA
8. Ghar da Chemicals Ltd
9. Shenzhen JingLu
10. Biotechnology Co. Ltd
11. Guilin Chany Nutra Limited
12. Shanghai Bosman Industrial Co.,Ltd
According FAOSTAT, China leads the world in wheat production followed by India, Russia, and the United States. The global increase in the production of wheat crop will drive high demand for permethrin-based pesticides. The Asia Pacific is expected to emerge as the biggest revenue pocket likely to transform permethrin market outlook, pertaining to the presence of China and India making up most of the wheat production.
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Permethrin-based products are increasingly deployed across numerous industries which will impel permethrin industry growth trends throughout the forecast period. According to a research report by Global Market Insights, Inc. Permethrin market size will surpass USD 200 million by 2025. Some prominent players of permethrin market include Bayer, Guangdong Liwei, Gharda, Yangnong Chemical, Crop Life Science Limited, Sumitomo Chemical, Heranba, Tagros, Meghmani, and Aestar.
Main Features of the Global Market Research Report:
The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
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