According to the recent research report titled ‘Global Lambda cyhalothrin Market Size study with COVID Impact, by Type (Capsule Suspensions, Emulsifiable Concentrate, Suspension Concentrate, Liquid, Water Dispersible Granules, Others), Application (Agriculture, Public Health, Homes and Gardens and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global lambda cyhalothrin market is projected to record a considerable growth during 2020-2027.
 

Growing concerns regarding insect transferable diseases, shifting focus towards preventing diseases instead of curing, and rapid expansion of commercial pest control services are primarily driving the growth of global lambda cyhalothrin market.
 

For those uninitiated, lambda cyhalothrin is a category of pyrethroid chemical insecticide possessing repellent properties and is used for wide range of applications. These chemicals are synthetic pyrethrin chemical equivalents which occur naturally in chrysanthemum flowers.
 

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As per Statista, 68% of total revenue of U.S. pest control services is attributable to residential services, whereas, non-residential services account for 28%.
 

Moreover, surging food grain demand owing to growing population and significant decrease in per capita farmland on account of rapid urbanization and industrialization are the factors which are likely to positively impact the market outlook.
 

The issues pertaining to lambda cyhalothrin toxicity such as seizures & severe muscle fasciculation, coma, cardiovascular toxicity, non-cardiogenic pulmonary edema, and irritation of eyes and skin, along with stringent government norms regarding usage of insecticides may impede the market growth.
 

Based on type, global lambda cyhalothrin market is divided into water dispersible granules, liquid, suspension concentrate, emulsification concentrate, capsule suspensions, and others. Speaking of ownership type, the industry is bifurcated into homes & gardens, public health, agriculture, and others.
 

Citing the regional landscape, global lambda cyhalothrin market is segmented into Latin America, North America, Asia-Pacific, Europe, and Rest of the world. The report states that North America dominated the overall market in 2018 and is reckoned to grow substantially over the analysis period. Rising concerns among homeowners regarding insects and bedbugs has resulted in rapid expansion of pest control and extermination industry, which in turn is favoring the market scenario in North America.
 

Major contenders in global lambda cyhalothrin market are Jiangsu Huangma Agrochemicals Co Ltd., Fengshan Group, Jiangsu Yangnong Chemicals Group Co Ltd., Jiangsu Xinnuo Chemicals Co Ltd., Nufarm Ltd., Hamlung Chemicals Co Ltd., Agromonti Company, Biostadt India Limited, Marrone Bio Innovations, and BASF SE.