Abamectin Market: Introduction
Abamectin is a macrocyclic lactone product derived from Streptomyces avermitilis, a soil microorganism. Abamectin possesses similar biological and toxicological properties of B1a and B1b components. It is used to control insect and mite pests of citrus, pear. It is used by homeowners for control of fire ants. Abamectin is mostly used as a pesticide, insecticide, acaricide and on crops such as fruits, vegetables, cereals, and grains. Abamectin is primarily available as a combination of avermectins, containing more than 80% avermectins B1a and less than 20% avermectins B1b. Abamectin is rapidly degraded in soil. Abamectin is an extremely toxic chemical though most formulated products contain abamectin at low concentration for application in mammals. Abamectin is highly toxic to insects and can be toxic to mammals.
Abamectin Market: Segmentation
The global abamectin market can segmented based on application and region. In terms of application, the market can be divided into fruits & vegetables, cereals & grains, oilseeds & pulses, and turf & ornamentals. The cereals & grains segment is anticipated to dominate the global abamectin market during the forecast period. Cereals & grains are staple foods among people across the globe. The total cereal production has been increasing; therefore, it is important for producers to focus the yield and quality by using different insecticides. This, in turn, is estimated to augment the demand for abamectin during the forecast period.
Abamectin Market: Regional Outlook
Based on region, the global abamectin market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Factors such as increasing concerns of insect transferrable diseases, rising demand for food grains, growing populations, rising in crop losses due to pests, increasing research & development in crop practices are projected to boost the market in North America during forecast period. Increase in demand for crop yield efficiency and rise in adoption of new farming practices are projected to drive the market in Latin America. Strict regulations posed by environmental protection agencies on pesticide residue limit on food crops is expected to reduce the use of synthetic pesticides and increase in demand for bio pesticides in the region. This, in turn, is projected to indirectly fuel the demand for abamectin as it is a type of bio pesticide. The abamectin market in Middle East & Africa is projected to expand at a significant pace during the forecast period. Expansion of the market can be attributed to the increasing population, wide range of pest control applications .and decreasing agriculture land. In Asia Pacific region, in countries like India where agriculture is key occupation of people, which drives people to use abamectin for better productivity of crop so Asia Pacific region is expected to dominate the global abamectin market during forecast period. Furthermore, increasing awareness on the usage of pesticides for efficient crop cultivation and protection in Asia Pacific is projected to drive the abamectin market in the region during forecast period. However, factors such as harmful impact of abamectin on human health and uncertainty of world economy are major restraints of the global market.
Abamectin Market: Key Players
Major players operating in the global abamectin market are engaging in mergers and acquisitions. In 2017, AMVAC Chemical Corporation, a subsidiary of American Vanguard Corporation acquired abamectin insecticide and two other pesticides from ADAMA Agriculture Solutions, Ltd. to market its products in crop protection market within the U.S. Major players operating in the market include Syngenta AG, BASF SE, Bayer AG, DowDuPont, FMC Corporation, Monsanto Company, ADAMA Agriculture Solutions, Ltd., Nufarm Limited, and United Phosphorus, Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.