Nematicides-Type of pesticides used to kill plant parasites;Nematicides Market is expected to rise at a remarkable CAGR in 2020

Nematicides are type of pesticides used to kill plant parasites such as nematodes. Based on types nematicides can be segmented as organo-phosphates, carbamates, bio-nematicides and fumigants. Nematicides are available in two delivery forms that include contact application and fumigant. Recently seed treatment form is being developed and available in the market. The applications of nematicides include agrochemicals, industrial and others.  

Growing industrialization that has lead to reduction in arable land is expected to drive the market for nematicides. Due to industrial development, total arable land across the globe has decreased therefore the demand for high yielding crops has increased to fulfill the demand. In addition, increasing population leading to high food demand is expected to fuel the market growth. Use of nematicides and other pesticides is necessary for crop protection and ultimately to improve the total yield of crop.

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Further, demand for bio-nematicides is expected to boost the market. Due to environmental hazards of synthetic nematicides, government is supporting growth bio-nematicides. The advantages of bio-nematicides over synthetic include no hazards to human health and environment, no residues in soil and no crop losses. Hence, demand for bio-nematicides is expected to drive the market growth. Additionally, demand for nematicides from Latin America is expected to further drive the nematicides market growth. Due to increase in disposable income in this region, consumer’s preference has been shifted to quality food. To ensure quality of food use of nematicides is necessary, which is expected to drive nematicides market. 

However, environmental regulations are expected to hamper the market growth. Concerns are being raised regarding ill effects of nematicides in human health and environment. These concerns has led to cancellation of few registered products and phasing out of some of the products. For example, methyl bromide is banned in few countries due to its environmental hazards. Additionally, development of transgenic crops is leading to replacement of nematicides in the future due to various advantages it offers.  

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Improved bio fuel technology is expected to provide an opportunity for the players in this market. Bio-fuel sector is expected to support the growth of crop acreage, which in turn expected to provide opportunity for nematicides. Further growing agrochemical industries in Asia Pacific region and other developing regions is expected to provide immense opportunities in the near future. North America emerged as largest market for nematicides in terms of consumption. Demand for quality food and decrease in arable land are expected to drive the market for nematicides in this region. Though, have been few incidents of registration cancellation in this region, bio-nematicides demand is expected to drive the market growth.

North America was followed by Europe in terms of consumption of nematicides. However, due to environmental regulations due to hazardous effects of synthetic nematicides are expected to hamper the market growth in this region. Asia Pacific is expected to exhibit highest growth rate in nematicides market in the near future due to growing demand for food from growing population. Increase in industrialization in countries such as India and China has decreased total arable land that is expected to drive the market for nematicides in this region. Demand for nematicides from Rest of the World regions is expected to be high especially from Latin America region. 

Some of the major players in the nematicides market include BASF SE, Bayer CropScience AG, Adama Agricultural Solutions Ltd., FMC Corporation, Monsanto, Syngenta AG, Dow Agrosciences, E.I. DU Pont De Nemours and Company, Valent among others.