Lambda Cyhalothrin Market (14.1% CAGR): Global Size & Growth Analysis By Credence Research

SAN JOSE, Calif. - April 23, 2021 - PRLog -- Lambda cyhalothrin can be described as a type of pyrethroid insecticide with a wide range of uses and repellent properties. These chemicals are chemical replacements for pyrethrins. They are natural compounds found in Chrysanthemum flowers. Lambda cyhalothrin, considered most effective pyrethroid chemicals, is widely used for pest and insect control in agricultural products such as cotton, fruit trees, and vegetables. It has a wide variety of applications due to its high efficiency and low toxicity.

The rapidly growing population leading to increase the food demand

Every day, the world's population grows exponentially, and people contribute to global food demand. Farmers are looking for crop security as a major strategy to meet global food demand. Insecticides on crops are a well-established technology, and developing countries have seen a surge in demand for pyrethroids to boost global food production and prevent crop deterioration.

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According to the UN Population Division, Asia will have the fastest population growth by 2050, accounting for 60 percent or more of the global population (particularly in India, China, and South-East Asia). Crop protection chemicals in large quantities are expected to be required to increase food production to meet the region's growing population.

Most prominent players in the global Lambda Cyhalothrin market include Biostadt India Limited, Marrone Bio Innovations,  BASF SE, Jiangsu Xinnuo Chemicals Co Ltd, Agromonti Company, Nufarm Ltd., Fengshan Group,  Hamlung Chemicals Co Ltd, and Jiangsu Huangma Agrochemicals Co Ltd. The report covers very detailed profiles of these key players.

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