Nematicides Market

Nematicides Market worth 1.43 Billion USD by 2022

The report "Nematicides Market by Type (Fumigant, Carbamate, Organophosphate, Bionematicide), Form (Solid, Liquid), Method of Application (Fumigation, Irrigation, Seed Treatment), Application (Agricultural, Industrial), and Region - Global Forecast to 2022", The nematicides market is projected to reach USD 1.43 billion by 2022 at a CAGR of 3.30% from 2016 to 2022. The nematicides market is gaining momentum due to better maintenance of soil health to achieve the required crop yield and emergence of South American countries as major contributors toward the growth of the overall nematicides market.

Browse 68 market data Tables and 47 Figures spread through 144 Pages and in-depth TOC on "Nematicides Market by Type (Fumigant, Carbamate, Organophosphate, Bionematicide), Form (Solid, Liquid), Method of Application (Fumigation, Irrigation, Seed Treatment), Application (Agricultural, Industrial), and Region - Global Forecast to 2022"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/nematicides-market-193252005.html

Fumigant accounted for the largest market share in the nematicide market in 2016

Fumigant accounted for the largest market share in the nematicide market in 2016. Increasing use of fumigants on cash crops and horticultural crops is a major factor contributing to its largest market share among various types of nematicides. Several general-purpose fumigants enable better control of nematodes in soil. In addition, nematicide treatments of non-fumigant origin do not provide adequate nematode control.

South America is projected to grow at the fastest-growing region by 2023

Although the Asia Pacific region is one of the major regions for agriculture crop protection, Central and South American nations such as Brazil, Argentina, and Chile are expected to emerge as food bowls hubs in the near future owing to large availability of fertile land and suitable climatic conditions. According to MarketsandMarkets, the increasing awareness of the benefits of nematicide and the need to increase crop yield of sugarcane and bananas is expected to drive the demand for nematicides in the region. According to MarketsandMarkets, the usage of chemical-based nematicides would be predominant than organic pesticides or natural pesticides in this region.

The seed treatment segment, by method of application, is projected to be the fastest-growing during the forecast period

The seed treatment segment, by method of application, is projected to witness the fastest growth during the forecast period. The method is less harmful to the human health as compared to fumigants, due to which it remains a preferred alternative for effective nematode control. Growing concerns about the toxicity and environmental impact of fumigants and other products for nematode control have seen many of them being either withdrawn or banned, making the situation increasingly challenging for farmers. In addition, increasing prices of pesticides and fertilizers are encouraging farmer to opt for new crop protection techniques such as seed treatment.

The key players in this market are BASF SE (Germany), Bayer CropScience (Germany), and Corteva (US). These players are focusing on adopting mergers & acquisitions and new product launches as their key strategies. The other companies identified in the market include Syngenta (Switzerland), FMC Corporation (US), Adama Agricultural Solutions (Israel), Ishihara Sangyo Kaisha Ltd. (Japan), and Valent BioSciences (US).

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Report Code
AGI 2533
PR Published ON
1/31/2017
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