Increasing adoption of nematicides for enhancing yield quality and quantity is driving the industry.
Market Size – USD 1.4 Billion in 2020, Market Growth – at a CAGR of 3.5%, Market Trends –Growing demand for fresh and healthy food worldwide
The global nematicides market size is expected to reach USD 1.75 Billion by 2028 at a CAGR of 3.5%, according to a new report by Reports and Data. Nematicide is basically a chemical pesticide applied for killing plant-parasitic microscopic nematodes. Nematodes are parasitic worms found in water or soil or water. It attacks vegetables and several crops in commercial farms and home gardens. During the procedure of fumigation, soil treatment & dressing, and drenching, nematicides are mostly applied for reducing the damage in root system, increasing nutrient-uptake and water efficiency, along with minimizing the cost of irrigation.
Surging demand for nematodes’ infestation in high-value crops including soybeans, cotton, vegetables, and fruits, and vegetables is encouraging the sector growth. Additionally, rising investment in farming like seeds is further driving the industry dynamics. With the increasing usage of several active ingredients such as aldicarb and methyl bromide, the adoption of innovative control measures is also elevating.
Furthermore, surging need for sustainable agriculture globally, and elevating demand for fruits & vegetables are further positively impacting the growth of the industry. The industry manufacturers are launching advanced nematicides for vegetables, fruits, and field crops, which is attracting a large number of farmers for opting nematicides, thus, augmenting demand in the market.
Asia Pacific is projected to dominate the sector over the forecast period due to the increasing nematode infestation in various vegetables like carrots, tomatoes, peas, and potatoes in several developing countries, such as China and Japan. Additionally, government support in launch of nematicides is creating positive impact on the market growth.
Leading manufacturers operating in the industry are:
Bayer AG, BASF SE, Corteva Agriscience, Syngenta Crop Protection AG, Isagro Group, UPL Limited, FMC Corporation, Nufarm Ltd., Chr. Hansen Holding A/S, and AMVAC Chemical Corporation.Get a Free Sample now@ https://www.reportsanddata.com/sample-enquiry-form/3893
For the purpose of this report, Reports and Data has segmented the global nematicides market on the basis of product type, mode of application, nematode type, crop type, form, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
Crop type Outlook (Revenue, USD Billion, 2018 – 2028)
Form Outlook (Revenue, USD Billion, 2018 – 2028)
Mode of Application Outlook (Revenue, USD Billion, 2018 – 2028)
Nematode Type Outlook (Revenue, USD Billion, 2018 – 2028)
Region Outlook (Revenue, USD Billion, 2018 – 2028)
North America
o U.S
o Canada
o Mexico
· Europe
o Germany
o France
o Italy
o Spain
o U.K
o Rest of Europe
· Asia-Pacific
o Japan
o China
o India
o Australia and New Zealand
o Rest of Asia-Pacific
· Rest of the World (RoW)
o South America
o Middle East
o Africa
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Further key findings in the report:
Table of Content:
Chapter 1 Executive Summary
Chapter 2 Scope of The Report
2.1 Market Definition 2.2 Scope of The Study 2.2.1 Research Objectives 2.2.2 Assumptions & Limitations 2.3 Market StructureChapter 3 Market Research Methodology 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model
Chapter 4 Market Landscape
4.1 Supply Chain Analysis 4.1.1 Raw Material Suppliers 4.1.2 Manufacturers/Producers 4.1.3 Distributors/Retailers/Wholesalers/E-Commerce 4.1.4 End Users 4.2 Porter’s Five Forces Analysis 4.2.1 Threat of New Entrants 4.2.2 Bargaining Power of Buyers 4.2.3 Bargaining Power of Suppliers 4.2.4 Threat of Substitutes 4.2.5 Internal RivalryChapter 5 Market Dynamics of The Global Nematicides Market 5.1 Introduction 5.2 Drivers 5.3 Restraints 5.4 Opportunities 5.5 ChallengesContinue….
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