Abamectin MarketSize and Trends

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.