Global Nematicides Market
Nematicides are the chemical pesticides used in crops to control the growth of nematodes, which are a major reason for the crop loss. Nematicides increases the quality and yield of the agriculture products. Nematicides are available in the two forms which include fumigant and contact application. Apart from the protection of plants from parasites, nematicides also help in the increasing of soil fertility. The most commonly used nematicides are the fumigants, carbamates, and organophosphates among others.
Market Dynamics: Nematicides Market
Rapid industrialization leads to decrease in arable land, increase in global population demanding for quality food products, rise in the incidence of diseases caused by nematodes, technological advancements in organic farming practices are anticipated to fuel the nematicides market over the forecast period. Moreover, increasing the R&D activities for the innovation of newer nematicides, low cost of the products, and increase in awareness about the nematicides among farmers are expected to propel the revenue of nematicides market over the forecast period. However, stringent regulatory policies on synthetic nematicides, use of alternative products such as bionematicides, adverse effects associated with the nematicides, and high product development and registration cost are the factors hampering the growth of nematicides market.
Market Scope: Nematicides Market
Global Nematicides market is segmented on the basis of nematicides type, product form, mode of application, and application area
Based on the nematicides type, it is segmented into the following:
Based on the product form, it is segmented into the following:
Based on the mode of application, it is segmented into the following:
- Seed Treatment
Based on the application area, it is segmented into the following:
Market Summary: Nematicides Market
Global Nematicides market is growing at a significant CAGR owing to increase in the prevalence of plant diseases and adoption of newer organic farming practices. Increase in the R&D activities for the development newer products and product approvals from U.S. Environmental Protection Agency are the factors expected to propel the revenue growth of the market over the forecast period. Moreover, acquisitions and mergers, product launchings, and expanding the business around the globe are the strategies followed by the companies for increasing their revenue share in market. For instance, in May 2013, Syngenta AG launched Clariva, a seed treatment nematicide used to control the growth of nematodes in agricultural crops. Moreover, in August 2015, Bayer CropScience AG launched Velum Prime in Malawi market to destroy the parasites present in the plants.
Regional Analysis: Nematicides Market
Geographically, nematicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America nematicides market driven by decrease in arable land, and increase in the production of fruits and vegetables in the region. Europe nematicides market occupies significant share due to increase in agriculture farming in Spain, France, and Germany, adoption of newer organic farming practices, and rise in R&D activities for the innovation of newer products. Asia Pacific nematicides market is an emerging region for market players due to high dependence on agriculture farming, increase in preference for high yield with better quality products, and decrease in arable land.
Market Participants: Nematicides Market
Some of the players in market are Monsanto Company (U.S), BASF SE (Germany), The Dow Chemical Company (U.S.), FMC Corporation (U.S.), E.I. Du Pont De Nemours and Company (U.S.), American Vanguard Corporation (U.S.), Valent Corporation (U.S.), Adama Agricultural Solutions Ltd. (Israel), Syngenta AG (Switzerland), and Ishihara Sangyo Kaisha Ltd. (Japan) to name a few.
Notable Market Developments: Nematicides Market
- In September 2017, American Vanguard Corporation has acquired Grupo Agricenter for the diversification of nematicides business in Latin America region
- In August 2017, Nufarm launched Saddler 350 SC, a nematicide used for the seed treatment in Brazil
Key Features of the Report
- The report provides granular level information about The market size, regional market share and forecast from 2020-2026
- The report covers in-detail insights about The competitor’s overview, key findings and Their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by The industry
- The report tracks recent innovations, key developments and startup’s details that are working in The industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario