Nematicide Market (Product - Fumigant, Carbamate, and Organophosphate; Crop - Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Chemicals & Materials
- 198 Pages
Nematicide Market: Challenges and Opportunities to Register a Steady Growth
The global nematicide market is expected to witness several challenges and opportunities in the near future. The market is expected to reach an evaluation of US$1326.99 mn by 2025, clocking a slow but steady 3.3% CAGR. Nematicides are witnessing a growing demand in many regions, thanks to their proven effectiveness, growing adoption of advanced farming techniques, and advent of bio-nematicides are expected to drive growth. On the other hand, the global nematicide market is also expected to some major challenges as it has come under increasing scrutiny of lawmakers. Major products in the market like Aldicarb were ban for use in the EU recently. Additionally, major companies like Dow Chemicals were also fined recently to the tune of $600 million in damages recently. However, despite the severe challenges, the nematicide market is expected to result steady growth, thanks to several new opportunities.
Nematicide Market: Bio-Nematicide to Open New Avenues for Growth
The nematicide market is witnessing several challenges due to toxic nature of some chemical products, especially in regions like the EU. However, the good news for the nematicide market is there are several natural alternatives to the existing products. For example, a polysulfide made up of garlic is known to be environment-friendly and was recently approved in the EU for use. Additionally, new products such as Neem cake, come from natural ingredients easily obtained from a Neem tree. Moreover, research has also paved way for carnivorous fungi to be used in controlling nematodes. This has resulted in several new opportunities in the nematicide market, making way for steady growth, despite several challenges.
However, new techniques such as soil steaming and superheated steam have also shown promise in killing nematodes. These techniques can limit growth of the nematicide market in the near future.
Costs and Promising Growth to Drive the Nematicide Market
The rapid expansion in urbanization and erosion of soil quality, and increasing demand for food products are leading to growing pressure on farming. Additionally, growing commercialization and large-scale farming have shown promise in improving yields in a cost-effective manner. Furthermore, several governments around the world are encouraging food security measures and the use of bio-nematicides with favorable legislator environment. These factors are expected to help the expansion of the global nematicide market, which is still in its nascent stages.
Fumigants Emerge as Leading Product in the Nematicide Market
The global nematicide market is divided in carbamate, fumigant, and organophosphate based on product type. Fumigation is an important form of pest control which targets drywood termites and woodborers. These pests can cause significant damages to commercial establishments. Additionally, various exotic species of exotic organisms have caused severe damages to establishments and wooden setups in particular. Moreover, fumigants can be used to control pests in soil, buildings, produce, and grain as well. This is expected to result in major growth for the nematicide market in the near future. Furthermore, organophosphate are also expected to grow significantly in the near future followed by carbamate. Carbamate currently hold the smallest market share, however growing demand is expected to increase its share in the near future.
Rising Need to Increase Quality and Output of Agricultural Produce to Boost Nematicide Market
Some of the forces influencing the growth of the global nematicide market include rising demand for premium crops and an increase in nematode infestation on crops. Fish, milk, eggs, meat, vegetables and fruits are examples of high-value agricultural products. These products are classified as agricultural products with a high economic value per kg (or pound), per calorie or per hectare. Increased awareness about the health benefits of vegetables and fruits, rapid urbanization, and the rise in disposable income are all driving demand for high-value crops (plantation crops, vegetables, and fruits). Furthermore, increased FDI has resulted in a rise in the output of high crops. Nematodes are utilized to boost the yield and quality of high-value crops like ornamental crops, ornamental crops, tomato, cotton, maize, grapes, pome fruits, as well as other vegetables.
Limited Awareness about Biologics is likely to Affect Development of the Market
Farmers have a limited understanding of biologicals like bio-nematicides. Farmers are unsure of how to make use of these crop protection products or how cost-effective they are. Integrated pest management (IPM) methods are unknown in many of the developing countries. Since the market has become quite fragmented at the regional level, customer awareness of different brands remains limited. Despite substantial efforts in recent times by governments, agronomists, businesses, and agricultural institutions around the world, the large percentage of farmers are ignorant of biologics and their advantages in raising cost sustainability. This factor is likely to affect the development of the global nematicide market
While the demand for chemical or synthetic nematicides has remained positive in past years, an increasing demand for biological nematicides has come up, owing to the rapid implementation of Integrated Pest Management (IPM) techniques and sustainable agricultural practices around the world. Bio-nematicides function synergistically with various other agricultural inputs as an essential component of environmentally sustainable IPM systems, according to empirical findings. All these factors are likely to benefit expansion of the global nematicide market in near future.
Global Nematicide Market: Overview
Nematicide is a kind of pesticide used to control the growth of nematodes on various crops. Nematodes are parasites which affects the growth of crops by feeding on the plants roots and tissues. As with the damage caused by nematodes, nematicide companies are working towards technological development and launching new products in the market. Due to their volatile properties the companies have shifted their focus from manufacturing synthetic nematicide to natural nematicide.
The report estimates and forecasts the nematicide market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (Kilo Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the nematicide market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the nematicide market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
Global Nematicide Market: Scope of the Study
The report includes Porter’s Five Forces Model to determine the degree of competition in the nematicide market. The report comprises a qualitative write-up on market attractiveness analysis, wherein applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for nematicide between 2017 and 2025.
The study provides a comprehensive view of the nematicide market by dividing it on the basis of product, crops and geography segments. The nematicide market has been segmented into product - fumigant, carbamate, organophosphate and others and based on crops the market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables and others. The segments have been analyzed based on historic, present, and future trends.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
Global Nematicide Market: Regional Outlook
Regional segmentation includes the current and forecast demand for nematicide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Canada, Germany, France, the U.K., Spain, Italy, India, China, Japan, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.
Companies Mentioned in Report
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report includes Syngenta International AG, DowDuPont Inc., Bayer AG, Monsanto Company, FMC Corporation, Nufarm Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
The global nematicide market has been segmented as follows:
Nematicide Market – Product Analysis
Nematicide Market – Crop Analysis
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
Nematicide Market – Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America