What contributes to the development of the nematicide market
According to a report published by the WiseGuyReports.Com analytical agency, the global nematicide market in 2017 was estimated at $ 1,14 billion and will reach $ 1,52 billion in 2019, with an average annual growth of 3,66%.
The growing need to increase the yield and quality of agricultural products amid a reduction in arable land stimulates the global nematicide market.
In 2017, Europe dominated the global nematicide market, followed by North America.
In North America, the growth trend of the nematicides market will increase, as farmers are increasingly using nematicides to prevent crop losses from parasitic attacks on expensive marginal crops.
It is expected that in the near future, countries in Central and South America, such as Brazil and Argentina, will become leaders in food exports for various reasons: greater availability of arable land, favorable climatic conditions and the expansion of special crops. This will entail an increase in demand for plant protection products. Current research and development in the field of nematode control, these countries are well accepted and put into practice, including products with biological agents.
Innovations in biotechnology have added value to some field crop seeds through the introduction of new traits. The end user demanded better seedling protection in order to maximize return on investment, which opens up opportunities for the nematicide market, which is fragmented into several segments, for example, by type:
- Fumigants (their share is consistently higher than non-fumigants, but they face serious competition from seed treatment products, as this technology is considered less harmful to human health)
- Bionematicides (an increase in the cost of high-quality seeds such as hybrids and GMOs, as well as restrictions on the use of agrochemistry and trends in protecting soil health, play a significant role in the growth of this segment - it will show the most rapid development. Moreover, public discussions about the harmful effects of some synthetic nematicides per person and the environment has reduced demand for these products)
Others (include active ingredients such as Acetoprol, Benzlothiaz, DBCP and Metam).
The liquid-based nematicide segment is expected to show the fastest growth over the forecast period due to the flexibility in direct placement of nematicides on the target crop and their cost.
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