Nematicides Market Share, Analysis | Industry Growth Report by 2025

The Nematicides Market size is estimated to be valued at USD 1.3 billion in 2020 and is expected to reach a value of USD 1.6 billion by 2025, growing at a CAGR of 3.4% during the forecast period. Factors such as the growing demand for biological products and increasing number of product launches catering to the requirement of crop-specific nematodes drive the growth of the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193252005

The nematicides market includes major Tier I and II suppliers like BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, Marrone Bio Innovations, Nufarm and Isagro S.p.A. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW.

Though COVID-19 has impacted their businesses as well but there is no significant impact on the global operations and supply chain of their nematicides. Multiple manufacturing facilities of players are still in operation. Due to supply chain disruptions, labour shortage, closure of food outlets, the supply hasn’t been able to cross the regional and national borders. But due to the increasing demand for food, will increase the production area in the future, once the crisis comes to standstill. However, the demand for nematicides in the crop protection industry is likely to increase in the second quarters of the year 2020 as many farmers are compelled to panic buying and the reduction in restrictions by government can smoothen the supply chain process.

Seed treatment, by mode of application, is estimated to grow at the highest rate during the forecast period

Major players in the market are focusing on the introduction of bionematicide products, which would cater to the seed treatment market. The focus on high-value crops and genetically modified seeds has improved the scope for seed treatment in the market. The adoption of genetically modified seeds has reduced the number of times crop rotation is undertaken in the fields. The lack of crop rotation makes the soil conducive to the growth of nematodes. Companies such as Marrone Bio Innovations (US) and Valent BioSciences (US) are introducing bionematicides that cater to seed treatment. These factors would drive the growth of the seed treatment segment in the nematicides market.

Fumigation and carbamates, by mode of application and type, are estimated to hold the largest shares in the nematicides industry, in terms of value, in 2020

Fumigation is a mode that is both cost-effective and efficient for tackling the problem of nematodes. In regions where there is a scarcity of water, such as South Africa, and mechanically advanced economies such as the US and Canada where the adoption of drip irrigation is feasible, the market for fumigation is set to grow. There has been an increase in the adoption of non-toxic products in soils due to the growing interest in sustainable agriculture. This has aided the growth in the use of carbamates, which are relatively less toxic than fumigants.

Vegetables, by crop type, estimated to account for the largest market share, by value, in 2020

Vegetables accounted for the largest share in the nematicides market due to the increasing acreage utilized for the cultivation of vegetables. The increased international demand for fruits & vegetables is also driving the growth of the market. The major players in the market such as BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), and Syngenta (Switzerland) are introducing nematicide solutions for crops such as tomatoes, potatoes, and peas. The increasing incidences of potato-cyst nematodes and root-knot nematodes in tomatoes have also been driving the adoption of nematicides for vegetables.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=193252005

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The market for nematicides is projected to grow at the highest CAGR in the Asia Pacific region owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, peas, and cauliflower in the major vegetable-growing countries such as China and India. The regulatory scenario in the Asia Pacific region is comparatively more favorable for the launch of nematicides as compared to that of Europe and North America. There is also growing awareness among farmers about the use of bionematicides since the market for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

Leading companies are Bayer AG (Germany), Syngenta Crop Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Nufarm (Australia), UPL Limited (India), Isagro Group (Italy), Valent USA (US), Chr. Hansen (Denmark), Certis USA LLC (US), Marrone Bio Innovations (US), American Vanguard Corporation (US), Crop IQ Technology (UK), Real IPM Kenya (Kenya), Horizon Group (India), Agri Life (India), and T. Stanes & Company Limited (India).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.