Target Audience of Nematicides Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Nematicides Market Report provides key statistics on the market status of the Nematicides Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The global nematicides market was estimated at USD 1.29 billion in 2017, and is expected to exhibit a CAGR of 4.6% during the forecast period (2018 – 2023). Asia-Pacific region, the largest producer of fruits & vegetables, is likely to witness the fastest growth during the forecast period. North America, and Europe accounted the largest market share, with more than 60% of the market share in 2017. It is expected that, pesticides’ ban, and market saturation would limit the market expansion in the European, and North American region.
Increasing Adoption of Bio-Based Nematicides
Bio-based nematicides or bionematicides are generally bacterial, or fungal spores along with inert materials. The microbial spores, incorporated in bionematicides germinates, and seize the growth of the nematodes. Fumigants nematicides segment is projected to command the global market with large market revenue due to huge adoption in vegetables & fruit crop production. Liquid form segment is also expected to witness higher CAGR during the forecast period. Though fumigants dominated the global nematicides market in 2016, accounting 44% of the market share, several advantages, like no residue leftover, no resistance development, and excellent activity are making the bionematicides favored in the market.
Emerging Market in Developing Countries
The growth potential for nematicides is mostly in the emerging untapped regions, such as China, India, Brazil, and African countries. The consumption of nematicides is low in these countries compared with developed nations. The increasing awareness among farmers is expected to lead to a rise in consumption pattern during the forecast period. China, and India are the two largest economies in terms of population, having a rural sector of 67%, and 44% respectively. These should be the key focus market for the nematicides players. The agricultural output of China is 140% higher than that of India, and 68% higher than that of European Union. The growing demand for food products, mainly from the developing countries is likely to propel the nematicides consumption, for healthy farm yield, and to decrease crop loss.
Increasing Seed Treatment Practices Driving Demand
Nematicides are applied to the seed, and during the growth of the crop, to protect the seeds, as well as to aid in the growth of healthier crops. The increase in the prices of high-quality seeds, such as hybrid, and genetically modified seeds, cost efficiency of seed treatment systems, limitations linked to soil structure, and temperature on the application of crop protection chemicals, and encouraging government regulations are driving the market growth for nematicides.
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Major companies covered in this Report:
- Simbiose Agro
- Bayer CropScience
- Marrone Bio Innovations
- American Vanguard Corporation
- BASF SE
- Dow Chemical Company
- FMC Corporation
- Isagro Group Spa
- Monsanto Company
- Nufarm Limited
- Syngenta International AG
- Valent U.S.A. LLC
- Adama Agricultural Solutions
- Sumitomo Chemical
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This Nematicides market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Nematicides market.