Abamectin is a natural fermentation byproduct of soil bacterium Streptomyces avermitilis. It is used as pesticides, insecticides, anthelmintics, and nematicides. Abamectin is available as a mixture of avermectins containing over 80% avermectin B1a and less than 20% avermectin B1b. Abamectin is a highly toxic chemical, however most formulated products contain abamectin at low concentration for low toxicity to mammals.

Abamectin Market: Drivers

New product launches is expected to boost 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, zetacypermethrin and piperonyl butoxide, making it most effective fly control product for cattles.

Furthermore, mergers and acquisitions by key players for development of new insecticide products is expected to drive 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: Restraints

Ban on abamectin products is expected to hamper growth of the abamectin market. For instance, in January 2016, Confidence Analytics published blacklist of pesticides, which are banned for use in crops. Abamectin was one among the drugs in the blacklist due to formation of reproductive system toxicity in human beings and aquatic life.

Furthermore, other new product launches with greater efficiency than abamectin is projected to restrain growth of the abamectin market. For instance, in September 2017, VIRBAC Australia came up with first broad spectrum formulation, Tridectin, which has greater potency than abamectin products. Tridectin contains Moxidectin, Levamisole, and Albendazole, a powerful triple formulation that is effective against worms. These triple formulations are beneficial and highly effective since it is difficult for pests to acquire resistance to them, than single pesticide containing formulations which have acquired resistance.

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 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.

Furthermore, increasing awareness on using pesticides for efficient crop cultivation and protection practices in Asia Pacific region is expected to increase growth of the abamectin market. For instance, in September 2018, the first international conference on biological control was held in India aiming various methods of biological control of insect pests and diseases for crop protection. Conference focused on the challenges faced by researchers, farmers and other stakeholders in implementing biological control programs.

North America is expected to witness significant growth in the global abamectin market, owing to acquisitions by key players. For instance, in February 2016, the China National Chemical Corp acquired Syngenta AG., a U.S.-based company, by receiving the U.S. antitrust approval. Through this acquisition, China National Chemical Corp sold rights of abamectin and other pesticides to Syngenta AG. Also, this acquisition will allow Syngenta AG to sell abamectin and other pesticides to the U.S. farmers with high quality. This deal was closed for US$ 43 billion.

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.

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

Key Developments:

  • In September 2019, ChemChina subsidiary, Syngenta AG (crop protection chemicals manufacturer, including abamectin) acquired Corpio – A leading digital farm management company. This acquisition will help the company to strengthen its portfolio by integrating technology to their agro-science business.
  • In August 2017, DuPont de Nemours, Inc and Dow Chemical merged to form a single entity – “DowDuPont”. This merger marked one of the major M&A’s in the chemicals industry. DowDuPont now has three major segments – Agriculture, Material Science and Specialty Products. In Agricultural segment, DuPont’s Crop Protection and Dow Chemical’s AgroSciences (Includes Abamectin and other agrochemicals) now operate as a single entity to complement and enhance the company’s product offering.
  • In February 2017, Manli Yu, Junwei Yao and other scientists developed three different types of abamectin polylactic acid nanoparticles for crop protection application (Research paper published on Royal Society of Chemistry). The nanoparticles helps to increase the adhesion to cucumber foliage and for effective utilization of pesticides. This research developments will drive the growth for abamectin market when these nanoparticles will be available in commercial formulations.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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