The bio-pesticide industry is witnessing a significant upswing, with abamectin, a derivative of Streptomyces griseus fermentation, leading the charge as a highly competitive product. China, a major player in the production of avermectin, is experiencing a surge in demand and export, particularly due to its effectiveness as an insecticide, miticide, and nematicide. This growth is fueled by the global shift towards sustainable agriculture and the phasing out of highly toxic pesticides.
Bio-pesticides are gaining traction as a safer and more environmentally friendly alternative to traditional chemical pesticides. According to a report by MarketsandMarkets, the global bio-pesticides market size is projected to grow from USD 4.3 billion in 2020 to USD 8.5 billion by 2025, at a CAGR of 14.7% during the forecast period. Abamectin stands out in this market due to its low toxicity and high efficacy against a variety of pests.
In China, the application of avermectin has been slow but is now showing signs of acceleration. The abolition of the agricultural tax has increased farmers' purchasing power, which is expected to boost the demand for avermectin. Despite bio-pesticides and transgenic technology pesticide sales accounting for over 10% of the total global pesticide sales, China's figure lags at less than 5%, indicating significant room for market expansion.
China's avermectin production is concentrated among approximately eight major enterprises, with capacities ranging from several to dozens of tons. The market has experienced intense competition, with prices plummeting from tens of thousands of Yuan to as low as 1,000 Yuan per kg in 2003. However, a market correction in 2004 led to a sharp price rebound, with the average price rising to 1,730 Yuan/kg.
In 2005, China's avermectin production capacity exceeded 800 tons, with over 400 companies involved and more than 1,300 products registered. Despite a period of price wars and reduced production, the industry's sales revenue, including exports, surpassed 1 billion Yuan.
Since 1995, 30% to 40% of China's avermectin production has been earmarked for export, with Brazil and Spain being key markets. The export volume has been increasing steadily, with prices also on the rise. Despite fluctuations in domestic demand and production, the favorable export situation continues to attract investment in the sector.
The first three quarters of 2004 saw robust avermectin exports, although volumes declined in the fourth quarter. In 2005, prices began to fall, squeezing production and corporate profits. This led to some abamectin manufacturers halting production or shifting to more profitable products. Despite these challenges, the strong export market remains appealing to companies.
The future of avermectin and other bio-pesticides looks promising, with increasing global awareness of sustainable farming practices and the need for safer pest control methods. As China continues to expand its production capabilities and explore new markets, the avermectin industry is poised for further growth.
For more detailed information on the bio-pesticide market and avermectin, authoritative sources such as MarketsandMarkets provide comprehensive reports and analysis.
MarketsandMarkets Bio-Pesticides Market Report
FAO's Sustainable Crop Production
Please note that the original source link provided (http://www.cospcn.com) is no longer available, and therefore, current data and statistics have been sourced from alternative authoritative sources.
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