Global Nematicides Market Trend and Estimated to Grow at CAGR of 4.7% During 2018 to 2023 | Asserts MRFR

“Nematicides Market Research Report”
Nematicides Market Research Report: by Type (Organophosphates, Carbamates, Fumigants and Bio-Nematicides), Form (Powder and Liquid), Application (Fruits and Vegetables, Cereals & Pulses, Oilseeds & Grains) and Region– Forecast till 2023

Market Overview:

The Asia Pacific region is dominating the nematicides market and is expected to have a substantial growth over the forecast period, 2017-2023. India, China, and Japan are leading this market and are expected to market over the review period. Rising agricultural activities, pooled with the increasing demand for the high-quality crop are considered driving the market of this region.

The amount of crop-loss due to nematode attack is increasing, which is a great concern for the farmers and crop producers. Increasing demand for nematicides for crop protection from roundworms or nematodes and high crop yield has surged the growth of the nematicides market in this region. Apart from this, most of the countries in the Asia Pacific region are highly dependent on the agriculture farming, which is positively influencing the sales of nematicides. Furthermore, leading players are also investing in partnership with various fertilizer industries, as the primary focus area is to grow the consumer base.

Furthermore, increasing consumption of nematicides owing to increasing awareness among farmers associated effects of nematode infection on the crop productivity has surged the demand for nematicides in the Asia Pacific market. However, toxicity caused due to the consumption of nematicides and stringent laws for the use of certain nematicides for crop production may hinder the market growth over the forecast period. Asia Pacific nematicides market is estimated to grow at a CAGR of 5.1% during the forecast period 2017-2023.

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Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major nematicides players. It further includes product portfolios, developments of leading players, which includes

Some of the key players profiled in the Global Nematicides Market: The Dow Chemical Company (U.S.), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Monsanto Company (U.S.), Bayer CropScience AG (Germany), FMC Corporation (U.S.), Syngenta AG (Switzerland), Ishihara Sangyo Kaisha, Ltd. (Japan), Valent U.S.A. Corporation (U.S.), Adama Agricultural Solutions Ltd. (Israel)

Key Findings:

Bio-nematicides have a massive opportunity in the pesticide industry

High demand for organic food products has surged the global market of bio-nematicides

Bayer CropScience has launched nematicide “Velum Prime” in the Malawi market to help farmers from combating destructive plant parasites

Segments:

The global nematicides market is segmented into type, application, and form.

On the basis of the type, it is segmented into fumigants, organophosphates, carbamates, bio-nematicides, and others.

On the basis of the form, it is segmented into liquid, powder and others. The liquid form segment is dominating market owing to its easy to use nature.

On the basis of the application, the nematicides market is segmented into fruits and vegetables, cereals & pulses, oilseeds & grains, and others. Among all the applications, fruits and vegetables segment is dominating the market owing to increasing health awareness regarding organic fruits & vegetables in the population.

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Regional Analysis:

Global Nematicides Market is segmented into Europe, North America, Asia Pacific, and rest of the world (RoW). The North American region is dominating the market followed by Europe. The U.S. has been accounted for the higher use of nematicides in order to protect fruits and vegetables from diseases owing to increasing awareness about the benefits of using nematicides.

Moreover, increasing consumer awareness and growing demand for organic fruits, vegetables, and cereals and pulses has uplifted the nematicides market in the European countries such as Germany, France, and the U.K, which is likely to boost the growth of the nematicides market during the review period. Additionally, approval for the use of nematicides on commercial products by the regulatory authorities is projected to raise the growth of the nematicides market.

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