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Global Nemacide Market Profit Margin And Growth Opportunities & Factors
Global Nemacide Market
According to the research done by Persistence Market Research, the market is growing substantially globally and is expected to experience a decent CAGR in the forecasted period of 2021-2031. Nemacide is a chemical agent used for controlling harmful pests like plastic worms. It has been in use for decades in agricultural practices. Various advanced forms of nemacides are now coming in demand for sustainable and environmentally-friendly agricultural practices. It has been able to deliver results wherein an overall higher yield and a better-quality crop life is observed. The use of Nemacide is quite sound in North America and Europe especially.
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What are the Driving Forces of Nemacide Market?
The global population is rising slowly and so the demand for food too. With the changing time and ever-evolving methodologies, the promotion of advanced organic agricultural practices are being heavily promoted and it is being used in most part of the world too. Due to the non-acceptability of synthetic Agri products because of arising health issues among consumers, products like bio-based nemacides are being promoted heavily.
The advanced agricultural practices involve the use of advanced and modern agricultural supplements too. Hence the growth of nemacide and especially bio-based nemacide has increased dramatically globally. Apart from all these, nemacide has been quite instrumental in the growth of plants.
The R&D has been approving the use of it and also with all the innovative products coming in the market involving nemacide solutions, these advanced agricultural practices have propelled the sales of nemacide products.
The major share of nemacide still belongs to the conventional ones but with the speed with which bio-based nemacide has started capturing the market, it is evident to say that the bio-based nemacide is going to have the bulk share of the market in the forecasted period. Agriculture is the basic and major sector of the economy in any country and the market of this is expected to safely grow in the future.
US and Canada Market Demand Outlook
The awareness among the farmers from all regions of North America is pretty high, so they stay updated with modern technology and advanced agricultural practices. Also, the abundant presence of various different nematodes in agricultural fields harms the crops, hence the use of nemacides is quite prevalent in North America. North America is the biggest user of nemacides products and are the manufacturers too.
The United States grows crops like corn & cotton at mass levels, which are vulnerable to nematode attacks. The due demand for nemacides in this region has encouraged the key players to come up with innovative nemacide products.
Hence the bio-based nemacide has catered to the demand for this solution in North America and it is expected to grow in the forecasted period. The increasing numbers of nemacide-based products and demand are expected to drive the growth of this market in North America.
Europe Nemacide Market Demand Outlook
Europe has the second-biggest share of the nemacide market globally. Countries like Germany and UK are the biggest consumer of nemacide. Although the use of nemacide has been banned in few countries because of its ill effects on the environment by synthetic nemacides.
The growth of bio-based nemacide is increasing with time quickly and it is expected to capture the market of pest control in those countries also where synthetic nemacides are banned. The growth of the nemacide market is expected to be significant as the acceptance rate of nemacide by users is expected to increase in the forecasted period.
Who are the key Manufacturers and Suppliers in Global Nemacide Market?
The major key manufacturers and suppliers of nemacide products are distributed globally. But North America and Europe are the biggest users of this and hence major key players are from this region. Some of the key players operating in this market are
• The DOW Chemical Company (US)
• BASF SE (Germany)
• The Monsanto Company (US)
• American Vanguard Corporation (US)
• Ishihara Sangyo Kaisha Ltd. (Japan)
• Marrone Bio Innovations Inc. (US)
• American Vanguard Corporation (US)
• ADAMA Agricultural Solutions Ltd. (Israel)
• Nufram Limited (Australia)
• Bayer Cropscience AG (Germany)
• Bayer Cropscience AG (Germany)
• Sumitomo Chemical Co. Ltd (Japan)
• Few others.
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