Seed treatment systems help in the protection of seeds and aid in the growth of healthier crops. They involve the application of chemical and biological agents and physical techniques. Technavio’s research analysis on the global nematicides market identifies that the increase in seed treatment practices will be one of the major factors driving the demand for nematicides during the next four years. The adoption of seed treatment practices enables significant control over microorganisms, pests, and nematodes. With the increase in global population, there is a rise in the adoption of crop alternation practices. This in turn, fuels the demand for seed treatment products, subsequently driving the growth of the nematicides market. According to our industry research analysts, this market will generate a revenue of more than USD 1.5 billion by 2021.
The growing preference for organic farming will be one of the latest trends that will gain traction in the nematicides market during the next four years. Organically produced crops contain less amounts of toxic metals and minerals. The European Commission has already specified certain minimally acceptable contamination levels for various metallic contaminants such as lead, cadmium, and mercury. Organic harvest and crop-based foods contain 19%-68% of higher antioxidants such as polyphenolics, when compared to conventionally grown crops. These antioxidants help in reducing the risk of chronic diseases such as cardiovascular and neurogenerative diseases and even few types of cancers.
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The market has the presence of a considerable number of global players and a few regional and local vendors. The competitive environment among the players in this marketspace is quite intense and the players with huge production facilities and a vast geographical presence dominate the market. These key players mainly compete based on factors such as price, innovations, and the product's anti-nematode activity. To enhance their market shares a few vendors are focusing on offering products at lower prices.
The leading vendors in the market are -
The other prominent vendors in the market are AMVAC Chemical, BioWorks, Isagro, ISHIHARA SANGYO KAISHA, and Marrone Bio Innovations.
Segmentation by product type and analysis of the nematicides market
During 2016, the fumigants segment accounted for the major shares of this market. Fumigants are low molecular weight compounds and are mainly available in liquid and gaseous forms and provide excellent control of nematodes. Dichloropropane-dichloropropene (D-D), 1,2-dibromo-3-chloropropane, and ethylene dibromide are some of the most commonly used fumigants. The increased usage in high-value crop products and varieties, including fruits and vegetables will be a major factor fueling the market’s growth prospects in this segment.
Geographical segmentation and analysis of the nematicides market
This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the market till 2021. The region witnesses the effective productivity of crops and the proper maintenance of soil health and has the highest consumption of agrochemicals. Additionally, North America also houses some of the major nematicide manufacturers such as Dow Chemical, FMC, Valent BioSciences, and Marrone Bio Innovations. The growing popularity of agriculture-related biotechnology solutions such as the application of microorganism-based nematode control and productivity enhancers, will boost the growth of the nematicides market in the region.
Key questions answered in the report include
What will the nematicides market size and the growth rate be in 2021?
What are the key factors driving the global nematicides market?
What are the key nematicides market trends impacting the growth of the market?
What are the challenges to market growth?
Who are the key vendors in the global nematicides market?
What are the market opportunities and threats faced by the vendors in the global nematicides market?
Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
What are the key outcomes of the five forces analysis of the global nematicides market?
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