Americas Neem Extract Market: The largest use of neem extract in agriculture in Americas
The
largest use of neem extract in agriculture in Americas is in the form of bio
pesticide and fertilizers, which contribute largest to the market. Vegetable
farming accounts for the largest consumption of neem extract based bio
pesticides in the U.S. Besides the U.S., neem extracts are used in Canada and
other small countries such as Haiti, Dominican Republic and Nicaragua. Till
2012, one common application of neem extracts in Canada was leaf shine.
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Brazil
has been emerging as a key revenue generator for the neem extract market, due
to its increasing bio-based farming and investment plans for neem plantations.
The country stands amongst the most attractive destinations for FDI in
agriculture, with high expected returns due to several factors including
buoyant economic progress, growing agricultural real estate market and ample
water resources. All these factors are expected to help Brazil achieve the
highest growth in the neem extract market.
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The
major factors restraining the growth of the American neem extract market, is
the disagreement on the benefits of neem among some researchers. Certain
studies show that the consumption of neem leaf or neem bark based medicine may
be harmful during pregnancy. Some organizations state that neem extract based
products may be toxic for patients having a history of kidney and liver
diseases.
Some
of the major players operating in the American neem extract market include
Certis USA LLC, Terramera Inc., Groupo Ultraquimia, American Vanguard
Corporation, Bayer AG, Fortune Biotech Ltd, and many other small players.
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