Nematicides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Nematicides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : February, 2020 | Chemical & Materials | PPT format

Report Digest


Global Nematicides Market: Overview

Controlling pests and pathogens is an important process within the agricultural industry. Growth of pests and worms can have adverse impacts on the productivity of crops. Nematodes are amongst the most toxic worms that are responsible for substantial loss of crops. Hence, it is important for agriculturalists to employ pest control methods throughout the cycle of harvest. This factor has played a critical role in the growth of the global nematicides market.

The inception of nematicides can be traced to two decades back. All major famines led agricultural scientists to find methods of minimizing the adverse impact of worms and pests. The historic use of nematicides has helped the vendors operating in this market. Furthermore, growing consciousness of farmers toward pest control has also generated huge-scale demand.

A report on the global nematicides market zeroes in on the key trends operating in this market. The global nematicides market can be segmented on the basis of the following parameters: type, form, method of application, and region.

Global Nematicides Market: Notable Developments

As the agricultural sector engulfs new practices, the need for pest control has gained more prominence. Some of the notable developments related to this market are enlisted below.

  • DowDuPont’s agricultural segment, Corteva Agriscience, has announced renaming of its sulphonamide nematicide ‘Vellozine’. This nematicide would be available in the market as ‘Reklemel’, and is claimed to endow a better toxicological profile than other treatments. Corteva is planning to release the newly-named nematicide in 2021, with its initial launch in North America and Asia Pacific.

The aforementioned development would expand the product portfolio of the market with Reklemel being an addition nematicide such as Isoclas, Inatreq, Pyraxalt, and Rinskor.

  • Bayer recently made an announcement to discontinue sales of NemaStrike, 2020 onwards. The company cited safety concerns related to the use of nematicides by individuals. The announcement came after several people complained of skin irritation after handling the nematicide.

Names of other notable players in the global nematicides market are listed below:

  • BASF (Germany)
  • The Dow Chemical Company (US)
  • Monsanto (US)
  • Syngenta (Switzerland)

Global Nematicides Market: Growth Drivers

  • Agricultural Productivity becomes a National Concern 

The economic progress of several regions is directly related to the agricultural sector. Governments across several countries have made concerted efforts to enhance the performance of the agricultural sector. State-sponsored developments in the agricultural sector have aided the growth of the global nematicides market.

  • Study of Agricultural Science

Agricultural productivity has emerged as a key area of study for researchers and scientists. Pest control plays an important role in enhancing the productivity of horticultural crops. This factor has spearheaded the growth of the global nematicides market. Increased investments in the agricultural sector have enabled farmers to use high-yielding variety of fertilizers and insecticides. Furthermore, agricultural camps and drives to educate farmers about affordable and effective pesticides has also propelled market demand.

  • Growing Plantations and Increasing Number of Nurseries

The use of nematicides to protect plants in nurseries and residential plantations has gathered swing. This trend is projected to bring in respectable amount of revenues into the market.

Global Nematicides Market: Regional Outlook

Based on geography, the nematicides market may be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The Asia Pacific nematicides market is growing at the back of advancements in the agricultural sector. India’s economy largely rests on the performance of the agricultural sector.

The global nematicides market can be segmented along the following parameters:

Type

  • Fumigant
  • Carbamate
  • Organophosphate
  • Bionematicide

 Form

  • Solid
  • Liquid

Method of Application

  • Fumigation
  • Irrigation
  • Seed Treatment

Application

  • Agricultural
  • Industrial

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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