Global Nematicide Market Expected to Reach at a CAGR of 3.3% in Forecast Period 2017- 2025

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Global Nematicide Market: Snapshot

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.

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.

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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.

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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