Trends and Opportunities in the Global Nematicides Market

Introduction:

Nematicides can be defined as a sub segment of pesticides which are extensively utilized across agriculture industry to kill harmful pests and insects. The nematicides are particularly effective against killing of nematodes which includes roundworms, flatworms, etc. that have ability to cause extreme damage to crop and agricultural produce. The rising safety concerns regarding crops in greenhouses, kitchen gardens and commercial agricultural lands are fostering the consumption of nematicides at a steady pace. The growing awareness regarding the impact of soil health on the agricultural productivity is anticipated to drive the global nematicides market, over the coming years.

Bio Nematicides versus Chemical Nematicides: Several other factors such as rapid scale of industrialization in developing economies, decreasing cultivable land, rising food security issues and growing application of biofuel resulting in increasing plantation of corn, sugarcane crops, etc. are going to generate tremendous market opportunities for the global nematicides market, through 2026.

Owing to the harmful health implications posed by the chemical nematicides, the bio nematicides, particularly those of microbial origin are showcasing a promising trend for the global nematicides manufacturers. The bio nematicides come with several beneficial features, including reduced toxicity, biodegradable nature, no resistance development and minimal residue generation. As a result, the leading global crop protection chemicals manufacturing companies are constantly undertaking R&D activities to launch new range of bio nematicides with enhanced efficacies.

The agricultural farmers are adopting integrated pest & infection management practices to safeguard their harvest against parasitic attacks, but the exposure to toxic chemical nematicides is augmenting the demand for safe as well as environment friendly biological nematicides. The stringent government regulations against chemical nematicides, increasing demand for organic food, expanding agricultural land under organic farming are catalyzing the market for bio nematicides over synthetic nematicides, globally.

Download sample report: https://www.techsciresearch.com/sample-report.aspx?cid=1390

Growing Penetration of Turf Grass Nematicides:

The sports turfs and gold grounds in the regions experiencing warmer seasons offers a perfect breeding growth for nematodes which is why the turf grass nematicides are gaining attention of nematicide manufacturers across the globe. The leading global companies such as Syngenta and Bayer have come up with brands such as Avid and Indemnify, respectively, which are effective against variety of nematodes including root-knot, sting, stubby-root, ring nematodes and many others. With the growing global popularity of the sport, commercial application of nematicides to preserve soil against parasitic damage is set to increase. In addition to protection against pest attacks, the nematicides also contributes to the soil quality by inducing drought resistance and offers easy handling, which is further expected to boost the global nematicides market.

Conclusion:

Global Nematicides market stood at USD1.2 Billion in 2016 and is projected to exhibit steady growth at a CAGR of 3.48% during 2017-26. The demand for Nematicides is estimated to surpass USD1.7 Billion by the end of 2026 on account of lack of availability of fertile and cultivable land for farming. As a result, the growing demand for high yielding crop produce to fulfil the demand for food by increasing population is escalating the global nematicides market through 2026. In addition to this, the rising trend of bio-nematicides due to urging adoption of sustainable agriculture practices would further promulgate the global nematicides market during the forecast period.

Global Nematicides market is controlled by these major players, namely– BASF SE (Germany), Bayer CropScience AG (Germany), DowDuPont (US), Monsanto Company (US), Syngenta AG (Switzerland), FMC Corporation (US), Adama Agricultural Solutions Ltd. (Israel), Ishihara Sangyo Kaisha Ltd. (Japan), Sumitomo Chemical Co., Ltd (Japan), Nufarm Limited (Australia), United Phosphorus Ltd. (India), etc.

Request for Sample Report Today!