Albany, New York, Jan. 31, 2019 (GLOBE NEWSWIRE) -- The global nematicides market is expected to clock-in a healthy growth in the forthcoming years, according to analysts at Transparency Market Research (TMR). The business landscape of the nematicides market features fragmentation, as noted by TMR. The global market comprises of a number of vendors who are largely focused on offering products of high quality. The global nematicides market is likely to see an influx of new product launches in the coming years. This could be attributed to the intense rivalry among existing players, who are seen focusing on launching novel products into the global nematicides market over the coming years.
Vendors are adopting several organic and inorganic strategies in order to gain momentum in the global nematicides market. A popular strategy is the uptake of mergers and acquisitions, and collaborations. Players are further seen focusing on expanding their geographical horizons, and offering novel product portfolios to stay ahead of their competition.
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Key players in the global nematicides market include Nufarm Ltd. Company, Bayer AG, FMC Corporation, DowDuPont Inc., and Syngenta International AG.
As projected by TMR, the global nematicides market is likely to rise at a 3.30% CAGR over the forecast period 2017 to 2025. The market was evaluated to be worth US$995.01 mn in 2015, and is estimated to reach US$1326.99 mn by 2025-end.
In terms of the crop analysis, the segment of fruits and vegetables is expected to play a defining role in the global nematicides market over the forecast period.
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Based on geographical segmentation, the region of North America is anticipated to lead the global nematicides market, attributed to the high demand for infection-free, quality food products in the region.
Adoption in Seed Treatment Practices to Propel Growth
Typically, nematicides are applied to protect the seeds, as well as to help to grow healthier crops during the growth of the crop. The increase in high-quality seed prices, such as hybrid and genetically-modified seeds, cost efficiency of seeding treatment systems, soil structure constraints and the application temperature of plant protection chemicals and encouraging public regulations stimulate growth in the market for nematicides.
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BASF recently submitted the Environmental Protection Agency (EPA) to register its new TrunemcoTM seed treatment for nematode management. Trunemco Nematode Management is a seed solution for growers. Instances such as these are expected to fuel the demand in the global nematicides market.
High Utilization of Fumigants to Boost Opportunity
Various fumigants of general purpose allow for better control of soil nematodes. The effectiveness is linked to their high ambient temperature volatility. All fumigants are low in weight and occur in the form of gases or liquids. The gas diffuses between the soil particles while volatilizing; effectively killing the nematodes. The fumigant market is expected to increase over the forecast period, among other types of nematicides. This is due to its greater use on high-value fresh crops such as fruits and vegetables.
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This review is based on TMR’s report titled, “Nematicide Market (Product - Fumigant, Carbamate, and Organophosphate; Crop - Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”Top of Form
Nematicide Market – Product Analysis
- Fumigant
- Carbamate
- Organophosphate
- Others
Nematicide Market – Crop Analysis
- Oilseeds & Pulses
- Cereals & Grains
- Fruits & Vegetables
- Others
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