Milbemycin Market

Market Research

IInsect development is inhibited, and Milbemycin kills crop-damaging insects. This aids in the improvement of crop quality and quantity. Insecticides have long been a necessary component of the agricultural industry. Milbemycin is most predominantly used as an antiparasitic in the field of veterinary medicines. Milbemycin has been found to be very effective against fleas, worms, and ticks. The Milbemycin industry is expected to generate a cumulative revenue of over USD 5,975 million from 2021 to 2027. The global revenue for the Milbemycin industry totaled USD 613.89 million in 2020 and is expected to post a CAGR of over 8% during the analytical span.

Growing Demand for Antiparasitic Medicines in Veterinary Fields

Milbemycin is growing in popularity among Applications to control heartworm diseases and treat internal parasites. Milbemycin is very efficient against hookworms and roundworms in dogs and cats. Apart from standalone veterinary medicines, it can be used with other ingredients such as Spinosad and Lufenuron. Increasing internal parasites in dogs and cats are driving the demand for Milbemycin worldwide. Across the world, around 16.5% of dogs and 7.5% of cats suffer from internal parasites. Hookworm and roundworms are most commonly found parasites in dogs and cats. With the rising prevalence of internal parasites among cats and dogs, the demand for Milbemycin is likely to spurred over the forecast period.

Highly Effective Against Wide-Ranging Nematodes

When combined with other parasitic drugs, Milbemycin is a highly efficient medicine against a broad range of nematodes. This, in turn, resulted in the increasing adoption of Milbemycin as an effective solution against nematodes. This is likely to drive the demand for Milbemycin through the forecast period.

Rigorous Regulations and Certain Side Effects of Milbemycin to Hold Back the Industry Growth

FDA and REACH are some of the most important regulatory bodies in the world controlling approval, production, handling, transportation, and applications-related regulation for Milbemycin in the U.S. and Europe, respectively. Moreover, there are a large number of governmental organizations that regulates the production as well as sales of Milbemycin in different countries. U.S., European Union, U.K., Japan, and Australia, are some of the most heavily regulated economies in the world, with rigorous regulations regarding active ingredients. These regulations are expected to be a major concern for industry participants. Moreover, certain side effects are associated with consuming Milbemycin, such as vomiting, glassy eyes, etc.

Global Milbemycin Market is led by the Emulsifiable Concentrate (E.C.)

Emulsifiable Concentrate (E.C.), Water Dispersible Granules (W.G.), Water Soluble Granules (S.G.), Liquid, and Others are some of the most important types of Milbemycin. In 2020, water-soluble granules accounted for the largest share of the Milbemycin market. However, Emulsifiable Concentrate is anticipated to grow at the fastest CAGR during the forecast period.

Interesting Facts Around Milbemycin Industry

• The Asia Pacific is the leading consumer of Milbemycin.
• The increasing prevalence of internal parasites in dogs and cats is fueling the demand for Milbemycin.
• The availability of a large number of other antiparasitic drugs is a major challenge for the growth of the Milbemycin industry.
• Huge growth potential in the Asia Pacific as the market is highly unexplored.
• Challenges in raw material procurement and declining margins are likely major factors hindering the growth.
• Increasing penetration in agricultural applications is also expected to be the most influential factor in the future growth of the Milbemycin market.
• Target-oriented marketing policies to further infiltrate the Milbemycin market are expected to win leading players’ market share.

Impact of COVID 19

High-yield seed varieties, modern irrigation methods, and agricultural chemicals like insecticides are all used to improve agricultural productivity. Most countries’ production and productivity have improved significantly; for example, wheat yields in the U.K. and corn yields in the U.S. Insecticides have played an essential role in this Application by reducing disease and insect losses, which result in a reduction in the amount of harvestable produce. The FAO estimates there will be a significant economic loss worldwide without insecticides. Insect infestation, particularly early in the crop’s life cycle, leads to a reduction in yield. Insecticides are beneficial because they have economic and labor benefits, resulting in less crop loss.

Pesticides will continue to govern the global milbemycin market in terms of Application.

Antiparasitic Medicines, Pesticides, Chemical Additives, and Others are various types of applications of Milbemycin. The antiparasitic medicines segment accounted for the largest share of the Milbemycin application market in 2020.

Asia-Pacific to Dominate the global Milbemycin market

The Asia Pacific has remained one of the major markets for the consumption of Milbemycin, which can be attributed to a large population of dogs and cats with a strong prevalence rate of internal parasites. Moreover, the increasing pet care facilities and growing awareness among pet owners regarding the health of their pets are also fueling the demand for Milbemycin in the region. On the other hand, Europe and North America has been remained significant consuming regions for Milbemycin over the past few years and are likely to maintain their prominence over the forecast period. As a result, Asia-Pacific dominated with over 33.3% in 2020, followed by Europe and North America.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Milbemycin Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Milbemycin Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Milbemycin Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply
5.4.Market Positioning of Key Players
5.5.Product Benchmarking
5.6.List of Key Distributors

6.North America
6.1.North America Milbemycin Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Milbemycin Market, By Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Emulsifiable Concentrate (EC)
6.2.3.Water Soluble Granules (SG)
6.2.4.Water Dispersible Granules (WG)
6.2.5.Liquid
6.2.6.Others
6.3.North America Milbemycin Market, by Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Pesticides
6.3.3.Chemical Additives
6.3.4.Others

7.Europe
7.1.Europe Milbemycin Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Milbemycin Market, By Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Emulsifiable Concentrate (EC)
7.2.3.Water Soluble Granules (SG)
7.2.4.Water Dispersible Granules (WG)
7.2.5.Liquid
7.2.6.Others
7.3.Europe Milbemycin Market, by Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Pesticides
7.3.3.Chemical Additives
7.3.4.Others

8.Asia Pacific
8.1.Asia Pacific Milbemycin Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Milbemycin Market, By Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Emulsifiable Concentrate (EC)
8.2.3.Water Soluble Granules (SG)
8.2.4.Water Dispersible Granules (WG)
8.2.5.Liquid
8.2.6.Others
8.3.Asia Pacific Milbemycin Market, by Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Pesticides
8.3.3.Chemical Additives
8.3.4.Others

9.Latin America
9.1.Latin America Milbemycin Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Milbemycin Market, By Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Emulsifiable Concentrate (EC)
9.2.3.Water Soluble Granules (SG)
9.2.4.Water Dispersible Granules (WG)
9.2.5.Liquid
9.2.6.Others
9.3.Latin America Milbemycin Market, by Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Pesticides
9.3.3.Chemical Additives
9.3.4.Others

10.Middle East
10.1.Middle East Milbemycin Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Milbemycin Market, By Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Emulsifiable Concentrate (EC)
10.2.3.Water Soluble Granules (SG)
10.2.4.Water Dispersible Granules (WG)
10.2.5.Liquid
10.2.6.Others
10.3.Middle East Milbemycin Market, by Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Pesticides
10.3.3.Chemical Additives
10.3.4.Others

11.Africa
11.1.Africa Milbemycin Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Milbemycin Market, By Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Emulsifiable Concentrate (EC)
11.2.3.Water Soluble Granules (SG)
11.2.4.Water Dispersible Granules (WG)
11.2.5.Liquid
11.2.6.Others
11.3.Africa Milbemycin Market, by Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Pesticides
11.3.3.Chemical Additives
11.3.4.Others

12.Global
12.1.Global Milbemycin Market, By Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Emulsifiable Concentrate (EC)
12.1.3.Water Soluble Granules (SG)
12.1.4.Water Dispersible Granules (WG)
12.1.5.Liquid
12.1.6.Others
12.2.Global Milbemycin Market, by Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Pesticides
12.2.3.Chemical Additives
12.2.4.Others

13.Company Profiles
13.1.Syngenta(Switzerland)
13.2.Jiamusi Xingyu(China)
13.3.SinoHarvest(USA)
13.4.Sino-Agri United(USA)
13.5.Weifang Runfeng(China)
13.6.MERCK
Novartis

List of Figures

FIG. 1 Global Milbemycin Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Milbemycin Market Segmentation

FIG. 4 Global Milbemycin Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Milbemycin Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Milbemycin Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Milbemycin Market Manufacturers, 2019

FIG. 9 Global Milbemycin Market Value Contribution, By Type, 2019 & 2027 (Value %)

FIG. 10 Global Milbemycin Market, by Emulsifiable Concentrate (EC), Value, 2015-2027 (US$ Bn)

FIG. 11 Global Milbemycin Market, by Water Soluble Granules (SG), Value, 2015-2027 (US$ Bn)

FIG. 12 Global Milbemycin Market, by Water Dispersible Granules (WG), Value, 2015-2027 (US$ Bn)

FIG. 13 Global Milbemycin Market, by Liquid (LI), Value, 2015-2027 (US$ Bn)

FIG. 14 Global Milbemycin Market, by Type 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Milbemycin Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Milbemycin Market Value Contribution, By Type, 2019 & 2027 (Value %)

FIG. 17 Global Milbemycin Market, by Antiparasitic Medicines, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Milbemycin Market, by Pesticides, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Milbemycin Market, by Chemical Additives, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 24 France Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 27 China Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 28 India Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Milbemycin Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Milbemycin Market, 2015-2027 (US$ Bn)