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Nematicides Market Expected to Collect USD 1.75 Billion by 2028 | Reports And Data

Reports And Data

Reports And Data

The report is a descriptive summary of the Nematicides business sphere and offers an in-depth study of the key market trends and growth prospects

NEW YORK CITY, NY, UNITED STATES, May 16, 2022 /EINPresswire.com/ -- The global Nematicides Market size is expected to reach USD 1.75 Billion by 2028 at a CAGR of 3.5%, according to a new report by Reports and Data. Nematodes, a scientific term indicated for roundworms, comprise above 15,000 species. Most of the nematodes’ species that attack crops are generally microscopic. Nematodes attack the foliage, flowers, stem, and plants’ roots. They specifically attack roots, causing root knots, stunted root systems, and root lesions, resulting in declining of the plants or crops. Nematodes are immensely harmful to plants, as they attack plants to feed on them. Therefore, nematodes cause severe damage to many crops by eating the flowers, and fruits, leading to decreased crop productivity. Nematicides are majorly used by farmers for killing as well as controlling nematodes.

Nematicides are intended to increase the efficiency of water use and nutrient uptake, resulting in the minimized cost of irrigation and fertilizers, promoting the growth of the market. Additionally, the growing adoption of integrated pest management globally, combined with rising awareness regarding the advantages of nematicides is boosting the industry’s growth.

Furthermore, growing practices in seed treatment are also providing ample opportunities for numerous stakeholders in this sector. However, human and environmental hazards due to the usage of chemical nematicides, the development of transgenic plants and crops, and government regulations on pesticides are the factors posing challenges to the sector’s growth. Moreover, the synthetic nematicides’ negative impact on soil may obstruct the industry's expansion.

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Market Dynamics

The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel market growth. Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.

Competitive Landscape:

The global Nematicides market research report provides a competitive strategy analysis portfolio to provide a better understanding of the competitive landscape. The report further discusses in depth the business strategies undertaken by key manufacturers on mergers and acquisitions, joint ventures, and collaborations. It sheds light on the companies holding the largest market share in terms of revenue in the global Nematicides market.

Major manufacturers in the nematicides industry are Syngenta Crop Protection AG (Switzerland), Bayer AG (Germany), Corteva Agriscience (US), Adama Agricultural Solutions Ltd (Israel), BASF SE (Germany), FMC Corporation (US), UPL Limited (India), Nufarm (Australia), and Isagro Group (Italy).

Further key findings in the report

Chemical nematicides accounted for the largest industry share in the year 2017, due to their growing usage in several developing countries, higher efficiency, easy availability, and reduced cost as compared to other biologicals.

Nematicides are applied to fruits & vegetables including tomatoes, potatoes, pineapples, and so on. Along with providing protection from the nematodes, it also aids in increasing soil fertility.

The biological nematicides are predicted to register the fastest growth over the analysis period, because of the increasing public health and environmental concerns with the usage of chemical nematicides, soaring need for chemical residue-free products, increasing organic farming, and government support to apply biological nematicides treatment globally.

The Asia Pacific and Latin America regions are foreseen to contribute significantly to the industry growth owing to growing agriculture, and rising demand for food. Furthermore, growing awareness regarding plant health among farmers and enhancing crop healthcare infrastructure in both of these regions are accelerating the industry growth.

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For the purpose of this report, Reports and Data has segmented the global nematicides market on the basis of product type, mode of application, nematode type, crop type, form, and region:

Type Outlook (Revenue, USD Billion, 2018 - 2028)

Fumigants

Organophosphates

Carbamates

Bio nematicides

Others (which include active ingredients, such as acetoprole, benclothiaz, DBCP, and chitosan)

Crop type Outlook (Revenue, USD Billion, 2018 - 2028)

Field crops

Fruits & nuts

Vegetables

Others (which include plantation, turf & grasses, and ornamental crops)

Form Outlook (Revenue, USD Billion, 2018 - 2028)

Granular

Liquid

Nematode Type Outlook (Revenue, USD Billion, 2018 - 2028)

Root-knot nematode

Cyst

Others (which include lesion nematodes, stubby root nematodes, and stem nematodes)

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Table of Content

Chapter 1 Executive Summary

Chapter 2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Chapter 3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Chapter 4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Internal Rivalry

Continued...

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Region Outlook (Revenue, USD Billion, 2018 - 2028)

North America

Europe

Asia-Pacific

Rest of the World (RoW)

Thank you for reading our report. The report can be customized according to the clients’ requirements. To know more about the report, kindly get in touch with us and our team will ensure the report is customized to meet your needs.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

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