Global Nematicides Market was worth USD 1230.25 million in 2016 and is expected to reach USD 1537.8 million by 2021 at a CAGR of 4.56 %.
According to the report Global Nematicides market, published by Market Data Forecast, the Market was worth USD 1230.25 million in 2016 and is expected to reach USD 1537.8 million by 2021 with a CAGR of 4.56 %.
Nematicides are pesticides used to kill various types of worms like Nematodes. These Nematicides are usually applied through various ways like fumigants and Non-Fumigants.
Fumigant Nematicides usually have high volatility and diffuse easily through soil.
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Nematicides increases the fertility of the soil aside from protecting plants from parasites. This trait is driving the market significantly owing to the decreasing Agricultural lands because of the growing industrialization.
Increasing prevalence of infections, rising investments from administration bodies for agricultural purposes are driving the Nematicides Market. However, Environmental Hazards caused by synthetic Nematicides is restricting the growth of the market.
Nematicides Market is segmented based on Type, Form, Application and Mode of Application. Based on Type, market is segmented into Fumigants, Carbamates, Organophosphates, Bio-based Nematicides.
Based on Application, market is segmented into Agricultural, Non-Agricultural. Based on Form, market is segmented into Liquid, Granular.
Based on Mode of Application, market is segmented into Irrigation, Spraying, Fumigation, Seed Treatment. Fumigant segment dominated the market in 2016 owing to its use for high value crops.
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Geographically, market is segmented into Asia-Pacific, Europe, Latin America, Middle East and Africa and North America. North America dominated the global market in terms of consumption owing to the rising demand for healthy food and decrease in agricultural lands.
Asia-Pacific is expected to be the fastest growing region owing to the growing demand for food from large population, and increasing industrialization.
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The key players in this market are BASF SE, Bayer CropScience AG, The Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company.
The other companies which are profiled are Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd., Ishihara Sangyo Kaisha Ltd., and Valent Corporation.
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