Abamectin Market 2022 Overall Study Report for Business Development Forecasts Up to 2028

Posted by Pearl Smith on December 1st, 2022

The agricultural sector uses a substance called abamectin. This substance is used to get rid of pests like rats and cockroaches. Both a liquid and a solid version of abamectin are readily available. The liquid form is marketed in a 500ml-to-20-L drum, whereas the solid form is packaged in a 25-kg fibre drum. It is safe for mammals and can be used on plants. However, there are hazards associated with its use for people, animals, and the environment. Abamectin has a high environmental toxicity and is extremely hazardous to non-target aquatic invertebrates. It is made up of two forms of avermectin, which are nerve poisons that slowly paralyse insects. As a result, frequent use of abamectin can lead to more severe pest outbreaks. Therefore, it is important to follow proper management practices to minimize abamectin exposure and reduce its effects on nontarget species.

The global abamectin market is expected to grow over the forecast period due to an increase in product launches. For instance, in April 2021, Rotam, a pioneer in crop protection solutions, introduced Abacus V6. This insecticide and miticide has abamectin as one of its active components. Additionally, it is predicted that the presence of alternatives in the market will restrain the expansion of the global abamectin market throughout the forecast period.

Key players active in the global abamectin market are KUMIAI CHEMICAL INDUSTRY CO., LTD, Syngenta AG, Rallis India Limited, Hebei Veyong Bio-Chemical Co. Ltd, Arysta LifeScience Corporation., Nufarm, Chongqing Huapont Pharmaceutical Co., Ltd., Bayer AG, Jiangsu Fengyuan Bioengineering Co., Ltd., Dow AgroSciences LLC, Dow AgroSciences LLC, and Monsanto Company.

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