Kay Nematicides Market Players, Overview, Competitive Breakdown and Regional Forecast By 2030
Market Synopsis:
Market Research
Future (MRFR)’s analysis has revealed that the global nematicides market is
projected to grow at a healthy pace over the forecast period 2022 to 2030. The
longevity of pests has intensified the demand for nematicides across the
agriculture sector. Investments are likely to be injected into the market for
product development and product innovation.
Nematicides
Market Research Report Registering a CAGR of 4.69% by 2022-2030. The
burden on the healthcare sector due to
the large-scale presence of chronic diseases has encouraged changes in consumer
behavior patterns. An upsurge in demand for organic products is expected which is likely to generate
nematicides demand over the next couple
of years.
The population explosion has
been exercising pressure on crop
production over the past few years. The scarcity of arable land has
necessitated the use of pesticides for protecting crops from destruction.
Nematodes are microscopic which makes it difficult to detect them. Nematicides
help in protecting crops from nematodes
and other soil-dwelling insects. This, in
turn, has propelled the expansion of the nematicides market.
Researchers are
focusing on the development of products that can be used with other products without causing harmful reactions.
Emphasis is also placed on the
development of organic nematicides which is
aimed at supporting the growing demand for organic fruits and
vegetables. Nevertheless, the toxicity caused by its consumption is poised to
hamper the growth of the nematicides market.
Market Segmentation:
On the basis of type, the
global nematicides market has been segmented
into organophosphates, carbamates, fumigants, bio-nematicides, and others.
On the basis of form, the nematicides market is segmented into powder,
liquid, and others. Among these, the liquid form segment is currently
dominating the market. It has been projected to grow significantly in the
upcoming years owing to the convenience
offered during usage.
On the basis of application,
the global nematicides market has been segmented
into fruits and vegetables, cereals & pulses, oilseeds & grains, and
others. Among these, the fruits and vegetable
segment is anticipated to attract a relatively larger customer base. Its growth
can be ascribed to the increasing demand
for organic fruits & vegetables.
Regional Analysis:
By region, the
global nematicides market has been segmented
into North America, Europe, Asia Pacific, and the Rest of the World. North America is the dominant regional market for
nematicides and is expected to grow significantly through the forecast period.
The developments in the agritech industry
are likely to favor the growth of the
agriculture sector in the forthcoming years, thus, aiding the proliferation of
nematicides market in the region. The U.S. has been witnessing strong revenue
growth owing to its excessive use in the agriculture sector.
Europe is
another important growth pocket and is
projected to secure the second spot over the assessment period. The growth of precision farming has led to an expansion of
the nematicides market. The trend has
been presumed to continue in the foreseeable future.
Competitive Dashboard:
Some of the key players profiled in the report are BASF SE (Germany), Monsanto Company (U.S.), The Dow Chemical
Company (U.S.), Bayer CropScience AG (Germany), E. I. du Pont de Nemours and
Company (U.S.), FMC Corporation (U.S.), Ishihara Sangyo Kaisha, Ltd. (Japan),
Valent U.S.A. Corporation (U.S.), Syngenta AG (Switzerland), and Adama
Agricultural Solutions Ltd. (Israel).
Industry Developments:
In January 2018,
Bayer AG, a German multinational pharmaceutical and life sciences company, has
acquired Monsanto Company, an American agrochemical and agricultural
biotechnology corporation, under its crop division.
In June 2018,
Beck’s, a global leader in the science and business of agriculture, has
launched a new Nematicidesnematicide for corns and soybeans. Nemasect provides
protection against nematode species as well as many soil-dwelling insects.
In January 2018,
Organisan Corp., a leader in agriculture
and horticulture crop production, has announced the launch of an EPA-registered
nematicide, Nemasan, which is organically produced and can be applied year-round
with other agricultural products.
Key Nematicides Players are BASF SE (Germany), Bayer Cropscience AG (Germany), The DOW Chemical
Company (US), The Monsanto Company (US), Syngenta AG (Switzerland), FMC
Corporation (US), ADAMA Agricultural Solutions Ltd. (Israel), Ishihara Sangyo
Kaisha Ltd. (Japan), Valent USA (US), Simbiose Agrotecnologia Biologica
(Brazil), Marrone Bio Innovations Inc. (US), American Vanguard Corporation (US)
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