Numerous harmful effects are caused by nematodes to roots of crops and other plants, consequently hampering their growth. This may cause farmers to bear large financial losses, thus requiring implementation of specific ways to control such effects. These consequences have led towards increasing implementation of the nematicides to get rid of the nematode worms, thereby driving extensive growth in the global nematicide market. In the last few years, widespread urbanization and industrialization have decreased the availability of fertile lands, which has caused nematodes to thrive in these conditions. This had led to a rapid uptake of the nematicides by farmers and agriculturists all over the globe, which also is propelling the market extensively. Moreover, numerous industrial applications of these chemical products exist, consequently expanding the global nematicide market’s reach.
With a rising population, a brisk surge in demand of quality foodstuffs has been occurring in recent times. This has caused farmers to use nematicides, pesticides, fertilizers, and other such substances to ensure that quality crops are grown, thus improving the chances of receiving a good yield.
As per expert analysts, the global nematicide market is foretold to register revenue valuation of US$1326.99 mn by 2025, which is a decent increase from an initial valuation of US$995.01 mn clocked in 2016. This growth is prophesized to occur at a steady CAGR of 3.3% during the forecast period from 2017 to 2025.
Fruits & Vegetables Exists as Winning Segment Owing to Rising Demand of Commodities
The global nematicide market is mainly segregated into numerous segments under three criteria – product type, crop type, and regional spread. Under product type, the market consists of the following segments: fumigant, organophosphate, and carbanate. Whereas, under crop type, oilseeds and pulses, cereals and grains, and fruits and vegetables, are prime segments present in the global nematicide market.
Under product type, fumigants are utilized on a large-scale basis, thereby constituting as a leading segment. However, the carbamate segment holds minimum share in the market compared to the other categories under the product type criteria in the global nematicide market. Moreover, the organophosphate segment too is expected to grow with leaps and bounds in the near future.
From the perspective of crop type, fruits and vegetables hold the biggest share in the global nematicide market. This is mainly due to the fact that fruits and vegetables have a high chance of getting infested with nematodes, and other similar organisms. Moreover, an increase in demand for quality fruits and vegetables also is a key factor attracting extensive revenue in the market in the sector.
North America Leads the Nematicide Market Thanks To High Demand for Quality Foods
The global nematicide market is spread across North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Of these, North America holds a leading position in this market, thanks to a high demand for quality foodstuffs in this region. Moreover, with improving standards of living and rising population in Asia Pacific, this region too is expected to register a large-scale use of nematicides in the next few years. After North America and Asia Pacific, Europe too has witnessed an impressive use of nematicides and other similar chemicals owing to high quality agricultural practices held in some of its economies. However, the market is expected to grow at a substantially slow pace in the Middle East and Africa and South America, mainly due to low acceptance rate during the forecast period from 2017 to 2025
Bayer AG, DowDuPont Inc, Monsanto Company, FMC Corporation, Nufarm Ltd., Syngenta International AG, are key players operating in the global nematicide market.
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