The global nematicides market is poised to undergo significant growth during the forecast period on account of the lack of arable land for farming. As a result, the growing demand for high-yielding crop products coupled with a surging population is driving the global nematicide market. In addition to this, the rising trend of bio-nematicides due to urging the adoption of sustainable agriculture practices would further promulgate the global nematicides market by 2025.
Nematicides are chemical pesticides used to kill plant-parasitic nematodes. They are highly toxic and should be used only by trained applicators who understand how to mitigate the risks. The benefit of high crop yield with the use of nematicides is propelling the demand for these pesticides. Support of various governments in encouraging the development of bio-nematicides as a substitute for conventional synthetic pesticides is expected to drive the global nematicide market in the next five years.
The global nematicides market is categorized based on product type, form, mode of application, crop type, and region. Based on product type, the market is segmented into fumigant, carbamate, organophosphate, bio-nematicide, and others. The growing preference for bio-nematicides due to the increasing adoption of Integrated Pest Management (IPM) techniques is expected to make bio-nematicides dominating segment in the coming years. Additionally, with the focus on organic farming, the demand for bio-nematicides is increasing considerably around the world.
Regionally, North America is the largest consumer of nematicides owing to the increasing agricultural activity and decline in arable land. The presence of various nematode species destroying a wide range of crops is making farmers use nematicides. The country is anticipated to lead the market through 2025 as well owing to the growing need for food and rapid increase in farming activity.
TechSci Research performed both primary and exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading nematicide manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products, and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product type, form, mode of application, crop type, and regional presence of all major nematicides manufacturers across the globe.
TechSci Research calculated the market size for global nematicides using a bottom-up approach, where manufacturers’ value sales data for standard product types were recorded and forecasted for future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as nematicides manufacturers, distributors, dealers, customers, and policy makers. which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
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Report Scope:
In this report, the global nematicides market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
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