Nematicides have been increasingly used in the agricultural industry in order to get rid of nematode worms destroying the crops. A rise in population has led to an increase in demand and production of crops. These factors have highly contributed to an expansion of the global nematicides market. Further, rapid industrialization leading to a reduction in availability of fertile lands has driven the market’s growth too. Nematicides are essentially used in the growth of seeds to improve crop yields. The cost effectiveness of these seed treatment systems has played a major role in the growth of global nematicides market. Moreover, food security measures taken by governments and increasing demand for bio-nematices have fostered the market’s expansion.
As per expert analysts, the global nematicides market is projected to register revenue valuation of US$1326.99 mn by 2025. This growth is perceived to occur at a CAGR of 3.3% during the forecast period from 2017 to 2025. Recent technological advancements and the benefits offered by nematicides over the conventional pesticides have expanded the consumer base of the global nematicides market. The global nematicides market is mainly segmented on the basis of product type, crop type, and regional distribution.
Fruits and Vegetables Segment Leads the Market Thanks to High Demand for Quality Food
In terms of product type, the nematicides market is divided into the following segments: fumigant, organophosphate, and carbamate. Fumigants segment is expected to witness highest growth during the forecast period. This growth can be attributed to its effectiveness in reduction of post-harvest loss. In addition to this, high volatility of fumigants pertaining to ambient temperatures has also contributed to their extensive use. Organophosphate segment is perceived to grow tremendously during the forecast period followed by carbamate, which holds the least share in the global nematicides market.
In terms of crop type, the market is primarily bifurcated into oilseeds and pulses, cereals and grains, and fruits and vegetables. The fruits and vegetables segment is expected to grow exponentially since they are more prone to be destroyed by nematodes. In addition to this, an increase in population leading to surge in demand for fruits and vegetables has contributed to the market’s growth. Furthermore, rising awareness regarding organic fruits and vegetables has propelled the global nematicides market.
North America to Dominate the Market Owing to Increasing Awareness of Nematicides
Regionally, the global nematicides market is distributed across North America, South America, Asia Pacific, Europe, and the Middle East and Africa. North America holds the largest share in the global nematicides market owing to an increasing awareness about the usage of nematicides. U.S. is the major contributor of growth in this region on account of an increase in demand for quality food. Rapid urbanization and industrialization have also contributed to the market’s growth in this region. Asia Pacific is also expected to witness tremendous growth owing to a widespread agricultural industry. Moreover, an increasing population has also surged the nematicides market in this region. Rising awareness for organic vegetables and cereals has driven the market’s growth in Europe. Germany, France, and the U.K. account for the highest market shares in this region.
The global nematicides market is highly fragmented with several industry players trying to expand their revenue shares. Key players in the market comprise BASF SE, Bayer CropScience AG, Adama Agricultural Solutions Ltd., Syngenta AG, Valent U.S.A. Corporation, Ishihara Sangyo Kaisha, and The Dow Chemical Company.
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