Permethrin Market Trends, Historical Growth, Analysis, Opportunities and Forecast To 2025

Permethrin Market Trends, Historical Growth, Analysis, Opportunities and Forecast To 2025

Global Market Insights, Inc., in its recently compiled research report, has projected permethrin market size to exceed US$200 million by 2025.

Permethrin is prevalently being used as an insecticide in agriculture, textile, and pharmaceuticals. Notably, application portfolio of permethrin spans to food and feed crops, structure and buildings, on livestock and pets and on clothing.

While there is a slew of technologies and products being developed to ward off bites from arthropods and to minimize the risk for transmission of vector-borne pathogens, permethrin has stood out from the rest and has become the most active ingredient in mosquito repellents. Traction for permethrin for spraying to clothing to repel insects is likely to augur well for stakeholders in the industry.

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Trends and industry dynamics which will potentially be instrumental for established brands, startups and other stakeholders are elucidated below:

Trends in textiles

Permethrin has made a mark in textiles, including clothing, bed nets, shoes and camping gear to repel or kill insects such as ticks and mosquitoes. One of the most notable developments has been in the U.S. where the military is said to have been reaping benefits from permethrin to treat combat uniforms to protect armies from diseases carried by insects.

Trend for permethrin in aviation sector has become more pronounced in recent years. Significance of permethrin in aircrafts can be assessed by the fact that it is the one of the few pesticides recommended by the WHO to be used for disinfectants.

Spraying using 2% permethrin aerosols is carried out in all overhead lockers, galley, toilets, cockpit and wardrobes and other insect harborage areas.

Growth drivers in agriculture

With pest and insect attacks running amok across Africa, and parts of South Asia, permethrin has become highly sought-after among industry players and stakeholders. For instance, locust attacks have marred maize, millet and other crops such as coffee, rice, fruit and vegetables. With locust invasion spreading in an unprecedented scale, permethrin has gained significant traction globally.

Use of permethrin to treat scabies and lice is likely to augur well for stakeholders eyeing to expand their portfolios. Prominently, over-the-counter permethrin products are being introduced in the form of lotion to apply on hair. Being an anti-parasite medication, application of permethrin products to treat scabies and head lice is expected to provide stimulus to permethrin market.

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Opportunities in APAC

Stakeholders envisage APAC as a favorable investment destination as crop protection chemicals continue to play a pivotal role to ensure food security in the region. With APAC countries looking to ramp up the production of rice, maize, vegetable and fruit, investment in permethrin products is likely to surge.

It is worth noting that the dominant use of permethrin is likely to be for cotton, with the chemical being highly sought-after in agriculture to be used on wheat, corn and alfalfa. Asia Pacific will exhibit noticeable demand for permethrin in the forms of creams, sprays and emulsifable concentrates.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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