Industry Background:
Azadirachtin is a chemical compound that is extracted from the fruit of the neem plant and it is largely found in India. This chemical is considered the natural insect regulator that controls the process of metamorphosis. The azadirechtin is also used in hair care and skincare application because of its antibacterial, anti-fungal, regenerative, and antiviral properties. It affects insects in various ways and works as a repellent, sterilant, and oviposition inhibitor.This growth is primarily driven by Rising Insects Related Problems
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ozone Biotech (India), Aries Agro Limited (India), Nature Neem (India), SJS Biotech (India), Parry America Inc. (United States), Certis U.S.A. LLC (United States), Fortune Biotech Ltd (India) and Gowan Company (Unites States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2019, Gowan Crop Protection Limited, a subsidiary of Gowan Company, L.L.C., acquired the rights to the active ingredients Fenamidone and Pencycuron with Bayer AG. The acquisition includes product registrations and trademarks, including Consento, Reason, Monceren, and Prestige, as well as associated intellectual property rights and labels for both disinfectants. Although the transaction closed on December 1, Bayer and Gowan will work together to facilitate orderly handovers and maintain quality customer service in all locations over the coming months.
On 4th October 2018, Certis USA LLC has completed the construction and start-up of a new azadirachtin formulation and packaging facility located in its factory in Wasco, California. The state-of-the-art system allows the company to produce the highest quality biopesticides and expands its capacity for its neem seed-based bioinsecticide: Neemix 4.5 insect growth regulator. Neemix 4.5 is widely used worldwide by organic and conventional growers of vegetables, tree fruit and nuts, grapes, and many other specialty crops. Neemix 4.5 is OMRI Listed and NOP approved.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Influencing Trend:
Increasing Consumption of Azadirechtin for Hair and Skin Care as it Consists of Various Beneficial Properties
Market Growth Drivers:
Rising Insects Related Problems and Demand for the Repellents and Insecticides
Challenges:
Lack of Production of Azadirechtin in European Region
Restraints:
Allergy-Related Problems Associated with Azadirechtin
Opportunities:
Growing Availability of Azadirechtin Products Online Platform and Increasing Awareness About the Neem Benefits will Boost the Azadirechtin Market as it is Extracted from Neem Plants
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Azadirechtin Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Azadirechtin Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Azadirechtin players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Azadirechtin Study Sheds Light on
The Azadirechtin Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Azadirechtin industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Azadirechtin industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.