Nematicides Market Trends, and Forecasts (2019-2024)


Posted January 10, 2020 by sandycool

Nematicides Market was worth USD 1240.25 million in 2019 and is expected to reach USD 1540.8 million by 2024 with a CAGR of 4.56 %.

 
Nematicides Market Overview

Nematicides are pesticides used to kill various types of worms like Nematodes. These Nematicides are usually applied through various ways like fumigants and Non-Fumigants. Fumigant Nematicides usually have high volatility and diffuse easily through soil. Non-Fumigant Nematicides should be mixed carefully with the soil.

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Nematicide increases the fertility of the soil aside from protecting plants from parasites. This trait is driving the market significantly owing to the decreasing Agricultural lands because of the growing industrialization. Increasing the prevalence of infections, rising investments from administration bodies for agricultural purposes are driving the Nematicides Market. However, Environmental Hazards caused by synthetic Nematicides is restricting the growth of the market.

Nematicides Market Forecast Report (2019-2024)

Nematicides Market was worth USD 1240.25 million in 2019 and is expected to reach USD 1540.8 million by 2024 with a CAGR of 4.56 %.

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Nematicides Market Segmentation

Nematicides Market is segmented based on Type, Form, Application and Mode of Application. Based on Type, market is segmented into Fumigants, Carbamates, Organophosphates, and Bio-based Nematicides. Based on Application, market is segmented into Agricultural, Non-Agricultural. Based on Form, market is segmented into Liquid, Granular. Based on Mode of Application, market is segmented into Irrigation, Spraying, Fumigation, and Seed Treatment. Fumigant segment dominated the market in 2019 owing to its use for high value crops. 

Geographically, market is segmented into Asia-Pacific, Europe, Latin America, Middle East and Africa and North America. North America dominated the global Nematicides market in terms of consumption owing to the rising demand for healthy food and decrease in agricultural lands. Asia-Pacific is expected to be the fastest growing region owing to the growing demand for food from large population, and increasing industrialization. 

Major Players: 

The major companies dominating this market for its products and services are

BASF SE,
Bayer Crop Science AG,
The Dow Chemical Company,
E.I. Du Pont De Nemours and Company,
Monsanto Company.
Syngenta AG,
FMC Corporation,
Adama Agricultural Solutions Ltd.,
Ishihara Sangyo Kaisha Ltd.,
Valent Corporation. 
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Last Updated January 10, 2020