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"Global Nematicides Market Was Valued At US$ XX Mn in 2019 And It Is Projected To Expand At A CAGR Of 3.2% During The Forecast Period (2020-2028)."
The increasing infestation of crops by nematodes in the high-value cash crops including the cotton, soybean, and fruits & vegetables are key drivers for the market growth of nematicides. Nematicides infestation is tough to be detected and has known for the damage of the crops which is usually underestimated. The introduction of active ingredients into the market in order to control nematodes includes methyl bromide and aldicarb could contribute to driving the market for controlling the nematodes. Increased environmental policies in order to decrease pollution causing agents had contributed to the increased methods of controlling the nematodes through the adoption of biological control methods. Advanced farming practices including no-tillage and reduced tillage farming, coupled with a degradation of the soil has resulted in the infestations. Such factors are contributing to the growth of the nematicides market worldwide.
Nematicides market is growing at a substantial rate due to the industrialization process which accounted for a decrease in the quality of soil for agricultural purposes. These are a kind of pesticide encouraged in the elimination of highly abundant agricultural parasites that includes nematodes, leading to growth in the demand by agricultural, industrial and other applications. A decline in infertile and arable land has substantially contributed to an increase of yielding crops for meeting the need for food worldwide. Such forces are significantly increased the market share of nematicides globally for increasing crop yield and enhance their quality of yield from limited crops. There is significant support from the governmental initiatives in encouraging the advancement of bio-nematicides as a substitute to the traditional synthetic pesticides that had fostered its market growth worldwide. Efforts made in the decreasing of human health hazards and environmental pollutants as a side effect by the use of synthetic pesticides is driving the market for environmentally friendly nematicides that are highly in demand globally. The purchasing power of the customers in the market is increasing thus the demand for a good quality of food is also expected to enhance this market growth.
Application of Halogen and Fumigants Compounds Segment is anticipated to Expand at Rapid pace during the Forecast Period
One of the most widely used methods to eradicate the nematodes is soil fumigation that has a considerable market share. There is a range of agricultural pests such as Meloidogyne, Heterodera, Tylenchulus, Rotylenchulus, and Protylenchulus that have a high amount of infestations among the crops. The products are of high volatility in nature along with chemical fumigants are utilized in enclosed forms that include greenhouses and warehouses which could exhibit a high efficiency under these conditions. The developed countries the fumigants are highly applied for disinfecting the vineyard that is generally spread in large areas. These fumigants include sodium tetrathio carbamates for nematodes and phylloxera, and a pre-plant nematicide, namely 1,3D. In strawberries, 1,3D or 1, 3-D plus chloropicrin are applied in order to treat Meloidogyne.
Halogens are generally used in the nematicides as fumigants that treat agricultural areas and plants. In recent years there was the wide use of multipurpose nematicide is methyl bromide in producing vegetables. Despite the government regulations partially restraining the application of methyl bromide, there are various other substitutes being under consideration for eliminating the nematodes and pathogens. Some of the countries including China has banned the usage of methyl bromide in 2015. Increased demand for the fumigant nematicide segment is anticipated to lead the market with high profitability coupled with increased adoption rate among the vegetables & fruit crop production.
In 2019, The Nematicides Market In North America Accounted for a key Share In The Global Market.
The North America region is accounted for its largest share in the nematicides market worldwide in terms of usage for meeting the increased demand for a good. The nematicides consumption of this region is observed to be one-third of the global market which is considerably high in comparison. One of the major crops in North American region is Corn that is having a considerable growth and vital groups of plant parasites nematodes that are the key constraint in the growth of maize crop yield are because of root-knot nematodes, heteroderat important groups of plant-parasitic nematodes that are demonstrated to be important limiting factors in maize production include the root-knot nematodes, Pratylenchus spp, and cyst nematodes, Heterodera spp. are limiting the growth of this market share.
Increasing demand for the nematicides by the agricultural activities and on the other hand there is a significant regulatory policy enforced by the governments across the globe. These forces have paved new opportunities for the company’s manufacturing these nematicides products globally as per the government regulations.
Prominent players offering nematicides are stated as follows: American Vanguard Corporation, BASF SE., Bayer CropScience AG., Corteva Agriscience, Syngenta International AG., FMC Corporation, UPL Limited, Bioworks, Inc., Isagro SpA, Arrone Bio Innovations Inc., and Nufarm Limited.
Key Segments of Nematicides Market:
By Chemical type:
- Halogen Compounds & Other Fumigants
- Bio-Based Nematicides
- Soil dressing
- Seed treatment
- North America
- Asia pacific
- Middle east and Africa
- Latin America