Global Nematicides market size is estimated to be valued over USD 1,073 million in 2019 and will register a CAGR of 4.3% during the forecast period. It is basically a pesticide directed to kill plant parasitic nematodes. A handful of soil contains thousands of microorganism and tens of multicellular organism. Nematodes are one of them. While majority of them are not harmful, some holds the potential to cause disease to humans and animals. They feed on living plants especially roots and severely impacts the overall production. Nematicides has become necessity to most of the farm practitioners to ensure better productivity. As a result, demand for nematicides has always been on upward trajectory growth.
Declining arable land, increased demand for crop protection, and need for higher yield has collectively driven the nematicides market worldwide. Over the last few years, the commodity prices is witnessing declining trend. This has led agriculturists to opt for value based pesticides. Nematodes stands on the expectations. The industry growth is further supported by government policies globally. Various government provides subsidies on use of pesticides, resulting in higher sales. On macroeconomic level, rise in per capita income along with health conscious attitude has led consumer to demand for healthy food products. All these trends play a key role in sales of nematicides worldwide.
There has been few negative sentiments that has limited the industry to achieve the full potential. Concerns has always been arisen related to ill effects on human and animal health along with environmental degradation. Engaged companies timely conduct product campaigning in order to create awareness among consumers.
Global Nematicides Market Size and Forecast: Regional Analysis
Globally, nematicides consumption is relatively higher in developed regions. In 2018, North America dominated the global nematicides market share by 39%. Consumption of agrochemicals is on higher note in the region as compared to rest of the world. While Asia Pacific represented the largest pesticides market, nematicides usage is relatively lower due to higher prices and higher demand of alternative pesticides. In Asia Pacific, highest consumption was from India. India holds high arable land. Moreover, the spending capacity of farmers has increased. As a result, the demand for nematicides in the region is expected to witness significant push during the forecast period. China based players and regional players are actively capturing the Asia Pacific market. Market fragmentation could be seen in the region.
Global Nematicides Market Size and Forecast: Competition Landscape
Key Nematicides players are:
- Syngenta AG
- Bayer AG
- FMC Corporation
- Adama Agricultural Solutions Ltd.
- BASF SE
- Dow Agrosciences
- Seed Treatment
What Will You Discover in the Report?
- An in-depth analysis of the Nematicides market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Nematicides market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Nematicides market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Nematicides industry during the forecast period
- Who are the Nematicides industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Nematicides Industry Suppliers
- Nematicides Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
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