Press release
Abamectin Market to Witness Gallant Growth 2018-2026 Projected by Global Top Players Syngenta AG, Hebei Veyong Bio-Chemical Co. Ltd, Nufarm, Bayer AG, Dow AgroSciences LLC, Monsanto Company, Zhejiang Jinfanda Biochemical Co., Ltd., Rallis India Ltd.
Abamectin Market
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Abamectin Market: Drivers
New product launches are expected to boost the growth of the abamectin market. For instance, in January 2018, Y-TEX Corp., a leading supplier of pest control solutions and livestock identifications, launched its new TRI-ZAP insecticide ear tags for beef and dairy cattle. TRI-ZAP contains abamectin along with two other ingredients, zeta-cypermethrin and piperonyl butoxide, making it a most effective fly control product for cattle.
Furthermore, mergers and acquisitions by key players for the development of new insecticide products are expected to drive the growth of the abamectin market. For instance, in June 2017, American Vanguard Corporation announced that AMVAC Chemical Corporation, which is a subsidiary of American Vanguard Corporation, acquired abamectin insecticide, along with two other pesticides from Adama Agricultural Solutions Ltd. to market these products in the crop protection market within the U.S.
Abamectin Market – Regional Analysis
On the basis of region, the global abamectin market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Asia Pacific region is expected to hold the dominant position in the abamectin market due to increasing support of key players to farmers in cultivations of crops. For instance, Bayer AG, in India in October 2018, at the Annual Biocontrol Industry Meeting 2018, announced to help farmers with a broad range of integrated agronomic solutions including biological crop protection. The meeting mainly focused on the trends in research and development, innovations in the biologics market, and novel biological products for environmentally conscious and sustainable crop protection.
Abamectin Market – Competitive Analysis
Key players operating in the abamectin market include Syngenta AG, Hebei Veyong Bio-Chemical Co. Ltd, Nufarm, Bayer AG, Dow AgroSciences LLC, Monsanto Company, Zhejiang Jinfanda Biochemical Co., Ltd., Jiangsu Fengyuan Bioengineering Co., Ltd., Chongqing Huapont Pharmaceutical Co., Ltd., Arysta LifeScience Corporation., Rallis India Limited, and KUMIAI CHEMICAL INDUSTRY CO., LTD.
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Abamectin Market – Taxonomy
• By Application:
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Turfs & Ornamentals
- Others
• By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
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