Nematicide Market is expected to gradually rise at a CAGR of 3.3% 2025
Nematicide
can be defined as chemical pesticide which is used to kill nematodes.
Namotodes are parasitic worms which feeds on living material. These
worms are found in soil or water. Nematodes feed on plant roots,
which harms the plant growth further causing losses in vegetables,
fruits, grains, oilseeds etc. Nematicide is highly toxicant in nature
and has high volatile properties. Various forms are adopted to apply
nematicide on crops. Nematicide can be used in solid, liquid and
gaseous form. In the gaseous form the nematicide is dispersed through
the spaces in soil, thus killing nematodes in that sprayed area.
Nematicide in solid and liquid form can be applied on the surface or
mixed with the soil.
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Fruits
& vegetables and cereals & grains are the major crop type for
the nematicide market. GDP, disposable income of the people, and the
preference of the consumers have shifted towards consumption of
quality food. The rising population in Asia Pacific has led to more
demand for food stuff contributing to the expansion of nematicide
market. Rapid technological advancements in the sectors like
agriculture have highly impacted practices for conventional
agriculture of irrigation and fumigation.
Nematicide
is employed primarily on oilseeds & pulses, cereals & grains
and fruits & vegetables. These insecticide protect the crops from
harmful nematodes and keep it durable. The nematicide industry has
been significantly impacted by globalization. Demand for
technologically developed insecticide that deliver higher level of
performance has been rising. These technologically developed products
create value in the market. Technological developments are being
carried out for cost reduction, improvement in quality of crops, and
reduction in the environmental impact. Leading companies of
nematicide market are primarily focusing on technological
developments. Companies have established teams with technical
expertise to lower the environmental burden caused by their products.
The companies are also striving to improve quality with varied
properties to attract customers. Increasing need for yield-enhancing
agrochemicals led by food security concerns among booming global
population and rising demand for fruits and vegetables and eventually
fungicides due to changing dietary patterns are boosting the market
for nematicide.
Market
Likely to Benefit from Rising Demand from Quality Fruits and
Vegetables
Global
nematicide market are segmented into product such as fumigant,
carbamate, organophosphate and others. Nematicide market is further
bifurcated into crop such as oilseeds & pulses, cereals &
grains, fruits & vegetables and others. Carbamate segment held a
lower share in the market compared to fumigant segment across the
globe.
Fruits
& vegetables and cereal & grains are the major crops of the
nematicide market. The fruits & vegetables segment held the
leading share of the global market in 2016. Rise in demand for
quality fruits & vegetables is likely to boost the market for
nematicide market for fruits & vegetables. Increase in quality
food requirements, rise in food safety regulations, are driving the
nematicide market.
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Rising
Demand from North America to Augur Well
North
America is one of the prominent regions in the global nematicide
market. It held major share of the global market in 2016. The
nematicide market in North America is anticipated to expand at a fast
pace during the forecast period due to the rise in standard of living
and growth in population in the region. North America and Europe
follow Asia Pacific. The nematicide market in Middle East &
Africa and Latin America held lower share in 2016. The nematicide
market in these regions is estimated to anticipate expand at a
sluggish pace during the forecast period.
Key
players operating in the nematicide market are DowDuPont Inc, Bayer
AG, Monsanto Company, Syngenta International AG, FMC Corporation,
Nufarm Ltd.
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