Increasing adoption of nematicides for enhancing yield quality and quantity is driving the industry.
Market Size – USD 1.4 Billion in 2020, Market Growth – at a CAGR of 3.5%, Market Trends –Growing demand for fresh and healthy food worldwide
The global nematicides market size is expected to reach USD 1.75 Billion by 2028 at a CAGR of 3.5%, according to a new report by Reports and Data. Nematicide is basically a chemical pesticide applied for killing plant-parasitic microscopic nematodes. Nematodes are parasitic worms found in water or soil or water. It attacks vegetables and several crops in commercial farms and home gardens. During the procedure of fumigation, soil treatment & dressing, and drenching, nematicides are mostly applied for reducing the damage in root system, increasing nutrient-uptake and water efficiency, along with minimizing the cost of irrigation.
Surging demand for nematodes’ infestation in high-value crops including soybeans, cotton, vegetables, and fruits, and vegetables is encouraging the sector growth. Additionally, rising investment in farming like seeds is further driving the industry dynamics. With the increasing usage of several active ingredients such as aldicarb and methyl bromide, the adoption of innovative control measures is also elevating.
Furthermore, surging need for sustainable agriculture globally, and elevating demand for fruits & vegetables are further positively impacting the growth of the industry. The industry manufacturers are launching advanced nematicides for vegetables, fruits, and field crops, which is attracting a large number of farmers for opting nematicides, thus, augmenting demand in the market.
Asia Pacific is projected to dominate the sector over the forecast period due to the increasing nematode infestation in various vegetables like carrots, tomatoes, peas, and potatoes in several developing countries, such as China and Japan. Additionally, government support in launch of nematicides is creating positive impact on the market growth.
Leading manufacturers operating in the industry are:
Bayer AG, BASF SE, Corteva Agriscience, Syngenta Crop Protection AG, Isagro Group, UPL Limited, FMC Corporation, Nufarm Ltd., Chr. Hansen Holding A/S, and AMVAC Chemical Corporation.
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For the purpose of this report, Reports and Data has segmented the global nematicides market on the basis of product type, mode of application, nematode type, crop type, form, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
- Others (which include active ingredients, such as acetoprole, benclothiaz, DBCP, and chitosan)
Crop type Outlook (Revenue, USD Billion, 2018 – 2028)
- Field crops
- Fruits & nuts
- Others (which include plantation, turf & grasses, and ornamental crops)
Form Outlook (Revenue, USD Billion, 2018 – 2028)
Mode of Application Outlook (Revenue, USD Billion, 2018 – 2028)
- Soil dressing
- Seed treatment
Nematode Type Outlook (Revenue, USD Billion, 2018 – 2028)
- Root-knot nematode
- Others (which include lesion nematodes, stubby root nematodes, and stem nematodes)
Region Outlook (Revenue, USD Billion, 2018 – 2028)
o Rest of Europe
o Australia and New Zealand
o Rest of Asia-Pacific
· Rest of the World (RoW)
o South America
o Middle East
Further key findings in the report:
- The seed treatment sub-segment is foreseen to dominate the industry during the forecast period owing to the rising adoption of high-value crops as well as genetically modified seeds and vegetables. Industry players in the market are focusing on the launch of bio nematicide products for capturing the seed treatment market.
- The vegetables sub-segment is projected to rise at the highest CAGR over the estimated period because of the growing demand for fresh organic vegetables, followed by the changing customer’s taste & preference.
- APAC is leading the industry due to the increasing awareness regarding the usage of bio nematicides among farmers, and soaring demand for organic fruits & vegetables among the end-users…Continued
Table of Content:
Chapter 1 Executive Summary
Chapter 2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Chapter 3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Chapter 4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Internal Rivalry
Chapter 5 Market Dynamics of The Global Nematicides Market
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