Global Avermactin Market By Form (Liquid and Solid), Application (Fruits and Vegetables, Cereals and Grains, Pulses and Oilseeds, and Turf and Ornamentals and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Avermactin Market
Data Bridge Market Research analyses that the avermactin market will project a compound annual growth rate (CAGR) of 5.60% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of avermactin market. This means that the avermactin market value, which was USD 0.24 billion in 2020 will climb up to USD 0.37 billion by the year 2028.
Avermactin is a series of drugs and pesticides that is used against parasitic worms and insect pests. Avermactin belongs to a group of 16-membered macro cyclic lactone derivatives which are produced by soil microorganisms commonly known as Streptomyces avermitilis. In other words, avermactin belongs to a class of macro cyclic lactones that is used to kill the parasites medically. Avermactin is rich in anthelmintic and insecticidal properties and thus, is used as a crop protection tools against a wide range of crop diseases. .
Growing prevalence of parasitic infections and other crop related diseases coupled with increased focus on the research and development proficiencies in regards to fertilizers, insecticides, pesticides, fungicides and other agrochemicals will emerge as the major factors fostering the growth of the avermactin market. Also, growing demand for effective and efficient crop protection tools and techniques especially in the developing economies coupled with increasing personal disposable income is another important factor fostering the growth of the avermactin market. Growth in the demand for fruit and vegetable food items, cereals and grains and pulses and oil seeds owing to ever-rising population, surge in the incidences of crop losses due to parasite infestation and rising globalization will further create lucrative and remunerative growth opportunities for the avermactin market. Growth and expansion of agrochemicals industry especially in the developing economies, growing support by the government to the agricultural sector and initiatives to spread the awareness in underdeveloped areas and growing awareness about food safety protocols and regulations will also carve the way for the growth of the avermactin market.
However, rising concerns in regards to the conservation of environment coupled with growing awareness about the harmful effects of pesticides is a major factor that will pose a major challenge to the growth of the avermactin market. Also, stringent regulations imposed by the government on the use or application of a wide range of agrochemicals will further slowdown the avermactin market growth rate.
This avermactin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on avermactin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Avermactin Market Scope and Market Size
The global avermactin market is segmented on the basis of form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the avermactin market is segmented into liquid and solid.
- Based on the application, the avermactin market is segmented into fruits and vegetables, cereals and grains, pulses and oilseeds, and turf and ornamentals and others.
Avermactin Market Country Level Analysis
The global avermactin market is analyses and market size, volume information is provided by country by form and application as referenced above.
The countries covered in the avermactin market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the avermactin market and will continue to flourish its dominance during the forecast period owing to the rising land under agricultural domain especially in the developing economies like India and China. Growing crop losses due to pests, increasing personal disposable income, increasing dependence on fertilizers for improving crop productivity, increasing concerns of insect transferrable diseases, surge in the expenditure for research and development proficiencies in regards to the agricultural practices and rising support by the government are some other important factors fostering the growth of this region.
The country section of the avermactin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Avermactin Market Share Analysis
The global avermactin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to avermactin market.
The major players covered in the avermactin market report are ADAMA India Private Limited, FMC Corporation, CNH Industrial N.V., AGCO Corporation., Bayer AG, ChemChina, Corteva., Nufarm Global, Syngenta Crop Protection AG, BASF SE, DuPont., Dow, AMVAC Chemical Corporation, UPL, Marrone Bio Innovations, Nissan Chemical Corporation, SABIC, Sumitomo Chemical Co., Ltd. and Buhler Industries Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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