Jul 10, 2020 12:42 PM ET
iCrowd Newswire – Jul 10, 2020
The Global Lambda Cyhalothrin Market has been studied for the forecast period of 2020 to 2027.
The global lambda cyhalothrin market is driven by various factors such as growing concerns regarding insect-transferable diseases, and rising pest control services. For instance, in the United States, 68% of revenue generates from residential services and 28% from non-residential services. Furthermore, rising demand for food grain due to rising population is expected to bring lucrative opportunities for the global lambda cyhalothrin market during the forecast period. However, various problems related to lambda cyhalothrin such as such as cardiovascular toxicity, irritation in eyes, skin problems, seizure, non-cardiogenic pulmonary edema, and muscle fasciculation is a major factor hampering the growth of this global market.. Strict rules and regulations on the usage of insecticides is another factor expected to hinder the growth of lambda cyhalothrin industry during the forecast period.
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The global lambda cyhalothrin market is segmented on the basis of type, ownership, and region.
By type, the global lambda cyhalothrin market is sub-segmented into suspension concentrate, emulsifiable concentrate, capsule suspensions,water dispersible granules, liquid, and others.
By ownership, the global lambda cyhalothrin market is sub-segmented into agriculture, homes, garden, public health, and others.
By geographical region, the global lambda cyhalothrin market is studied among North America (US, Canada, Mexico), Europe (Germany, France, Italy, Spain, UK, rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, rest of Asia-Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa, rest of LAMEA). Among which, North America is expected to lead the global lambda cyhalothrin market in terms of market share during the forecast period owing to increase in pest control industry specially in the United States. On the other hand, the Asia-Pacific is also expected to exhibit highest growth rate with substantial CAGR during the forecast period of 2020 to 2027.
Major market player included in research study of the global lambda cyhalothrin market are Marrone Bio Innovations, Agromonti Company, Nufarm Ltd., Jiangsu Yangnong Chemicals Group Co. Ltd., BASF SE, Jiangsu Huangma Agrochemicals Co. Ltd., Biostadt India Limited, Hamlung Chemicals Co. Ltd., Jiangsu Xinnuo Chemicals Co. Ltd., and Fengshan Group.
Recent Developments in the Global Lambda Cyhalothrin Market
Marrone Bio Innovations, Inc. provides pest management and plant health products. The company offers molluscicide, miticides, insecticides, fungicides, herbicides, and nematicides products. In June 2018, the company launched Regalia CG, Venerate CG, and Grandevo CG. These products are specially designed to control highly destructive diseases such as mites, powdery mildew, aphids, and thrips.
Jiangsu Yangnong Chemical Group Co. Ltd. manufactures and distributes agricultural chemical products. The company produces pesticides, herbicides, permethrin products, and more. It also offers chlor-alkali and fine chemical products to its customers. In April 2020, the company announced that Jiangsu Youjia Crop Protection, its wholly-owned subsidiary, has decided to invest in various projects covering the 6,000-ton herbicide, 8,510-ton pesticide, 500-ton synergist, and 6,000-ton fungicid production facilities.
In March 2020, BASF SE, a chemical company launched Sercadis Plus, an innovative fungicide to offer an efficient spray program to Apple grower’s for better disease management.
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Keywords: Lambda Cyhalothrin Market