Published on : Jan 05, 2018
ALBANY, New York, Jan 05, 2018: ResearchMoz.us has added a market study, titled “Nematicide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” to its database. The report studies the market carefully and forecasts it at the local and global level. It throws light on the various headwinds and tailwinds molding the trajectory of the market. Banking upon historical and current data, it estimates the current and future size and the competitive dynamics of the market.
Nematicide, a type of pesticide aimed at thwarting nematodes from destroying crops, are witnessing a steady rise in demand on the back of many factors. One of them is the ever-increasing population which is serving to push up demand for food by the day. This coupled with reduced arable lands on account of industrialization, has made it a challenge feeding a large population. To sort the issue, effective farming methods that bring about reduced wastage of farm produce, is required. This has led to increased demand for nematicides, which annihilate nematodes that feed on plant tissues and roots and hence, prevent plants from growing properly.
Another factor proving beneficial to the global market for nematicide is the constant efforts by keen manufacturers to develop better and more effective products. This has resulted in the launch of many new advanced products in the market, which in turn, has served to fuel sales. A noticeable trend in the market is the shift by manufacturers towards natural nematicides owing to the volatile nature of synthetic nematicide. A rising crop of discerning and health conscious people seeking out healthy foods is also catalyzing usage of natural nematicides.
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Serving to contain sales of nematicides is the growing concerns about the damaging side-effects of pesticides, which not only cause harm to the environment but also the crops and plants. Making matters worse is the strict mandates by global bodies, namely National Institute of Environmental Health Sciences (NIEHS) and the Environment Protection Agency to reduce usage of insecticides and pesticides. Further, the increasing development of transgenic crops is also predicted to have a negative impact on the market in the next couple of years.
Having discussed the various growth drivers and restraints in the market, the report goes on to segment it based on different parameters. Based on products, for example, the market can be segmented into carbamate, fumigant, organophosphate, etc. Based on crops, again, the market can be divided into oilseeds and pulses, cereals and grains, fruits and vegetables, etc. The segment of fruits and vegetables, among them, is expected to generate maximum demand in the next couple of years.
Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa are some of the key geographic regions in the global nematicide market. While the market in North America is primarily powered by the U.S. and Canada, the market in Europe is powered by France, Germany, the U.K., Italy, and Spain. In Asia Pacific, highly populous nations of India and China with large tracts of agricultural lands are the main growth drivers.
Some of the prominent participants operating in the global market for nematicides are Syngenta International AG, Bayer AG, DowDuPont Inc., FMC Corporation, Monsanto Company, Nufarm Ltd. The report leverages various market-leading analytical tools such as SWOT Analysis and Porter’s Five Forces Analysis to understand the competitive dynamics prevailing in the market. It finds that key players are taking the inorganic route of mergers and acquisitions to expand their geographical outreach in the market.
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