Nematicides Market In-Depth Analysis By The Top Leaders - BASF SE, E. I. du Pont de Nemours and Company, Monsanto Company, The Dow Chemical Company , Ishihara Sangyo Kaisha, Etc.

Market Definition:
Nematicides are widely used in the agricultural segment to restrict the nematode attack on the agricultural produce by inhibiting or killing the nematodes responsible for the crop diseases. Increasing demand for food grains coupled and shrinking cultivating land are expected to drive the demand for nematicides. Apart from the agriculture use, nematicides are increasingly used in the horticulture, floriculture, domestic, and commercial pest management program.

Nematicides helps in protecting crops from nematodes and other soil-dwelling insects. This, in turn, has propelled the expansion of nematicides market. The burden on the healthcare sector due to the large-scale presence of chronic diseases has encouraged changes in consumer behavior pattern. An upsurge in demand for organic products is expected which is likely to generate nematicides demand over the next couple of years.

Market Scenario and Key Restraints:
The longevity of pests has intensified the demand for nematicides across the agriculture sector. Investments are likely to be injected into the market for product development and product innovation. Market Research Future (MRFR)’s analysis has revealed that the global nematicides market is projected to grow at a healthy pace over the forecast period 2017 to 2023.

Moreover, rising demand for bio-nematicides for crop-protection is projected to drive the growth of the global nematicides market. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of the nematicides in the global market. The global nematicides market is expected to grow at a CAGR of4.7% during the forecast period 2017-2023.

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

Industry Developments:
In January 2018, Bayer AG, a German multinational pharmaceutical and life sciences company, has acquired Monsanto Company, an American agrochemical and agricultural biotechnology corporation, under its crop division.

In June 2018, Beck’s, a global leader in the science and business of agriculture, has launched a new nematicide for corns and soybeans. Nemasect provides protection against nematode species as well as many soil-dwelling insects.

In January 2018, Organisan Corp., a leader in agriculture and horticulture crop production, has announced the launch of an EPA-registered nematicide, Nemasan, which is organically produced and can be applied year-round with other agricultural products.

Nematicides Market Segments:
The global nematicides market is segmented into type, application, and form.

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

On the basis of the form, it is segmented into powder, liquid, 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.

Regional Analysis:
The global nematicides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the nematicides market followed by Europe. The U.S. accounts for a higher use of nematicides for the protection of fruits and vegetables from nematodes owing to increasing awareness about the benefits of using nematicides. Furthermore, high demand for organic fruits and vegetables from the farmers is considered to be key driving factor in this region.

Furthermore, increasing consumer awareness and growing demand for organic fruits, vegetables, cereals, and pulses has uplifted the demand for nematicides in the European countries like Germany, France, and the U.K, which is anticipated to boost the growth of the nematicides market during the review period.

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This release was published on openPR.