Lambda Cyhalothrin Market Size Growing at 5.26% CAGR, Set to Reach USD 2415.63 Million by 2030

NEW YORK, United States, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “ Lambda Cyhalothrin Market By Product (Suspension Concentrate, Capsule Suspensions, Water Dispersible Granules, Emulsifiable Concentrate, Liquid, And Others) And By Application (Homes And Gardens, Public Health, Agriculture, Others): Global Opportunity Analysis And Industry Forecast, 2023-2030 ” in its research database.

“According to the latest research study, the global lambda cyhalothrin market size was valued at approximately USD 1602.37 million in 2022. The market is expected to grow above a CAGR of 5.26% and is anticipated to reach over USD 2415.63 million by 2030.”

Lambda Cyhalothrin Market Overview:

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.

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The report contains qualitative and quantitative research on the global Lambda Cyhalothrin market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global Lambda Cyhalothrin market include;

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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.

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.

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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.

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The global lambda cyhalothrin market is segmented as follows:

By Product types

By Application

By Region

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