Global Nematicides Market 2017-2021
Nematodes are invertebrates. They are bilaterally symmetric and non-segmented worms. Typically, nematodes freely live in the soil and water. They are common parasites of plants and animals, including humans. These organisms cause infectious cause crop diseases, resulting in approximately 12.9% of the overall crop damage on an average. Developing countries are more prone to nematode crop damage than developed countries. It is mainly due to the difference in the consumption of crop protection chemicals.
Technavio’s analysts forecast the global nematicides market to grow at a CAGR of 3.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nematicides market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nematicides Market 2017-2021
Technavio recognizes the following companies as the key players in the global nematicides market: Bayer, Dow Chemical, FMC, Syngenta, and Valent BioSciences.
Other Prominent Vendors in the market are: AMVAC Chemical, BioWorks, Isagro, ISHIHARA SANGYO KAISHA, and Marrone Bio Innovations.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing prominence of organic farming. Organic farming can be defined as the cultivation of crop and agricultural feedstock, without using the crop enhancement chemicals such as fertilizers, pesticides, antibiotics, and genetically modified organisms. This methodology is mainly developed for a harmless and sustainable environment. Cover crops, crop rotation, and the composed relationship between host and predator are some of the beneficial factors of organic farming. Another supporting factor regarding organic farming is that organic nutrients and residues, which are produced, are again recycled back to the soil.”
According to the report, one of the major drivers for this market is Increasing adoption of bio-based nematicides. Bio-based nematicides are generally bacterial or fungal spores along with inert materials. The microbial spores incorporated in bio-nematicides germinate and seize the growth of nematodes. Bio-based nematicides have several advantages such as no residue leftover, no resistance development, and excellent activity. These advantages make them favored in the market. Bionematicides are widely attracting attention as a core part of the crop protection system. The easy availability of raw materials for bio-based nematicides is the key advantage for the segment. The low cost of manufacturing of bio-based products is also increasing their demand and consumer concentration
Further, the report states that one of the major factors hindering the growth of this market is Decreasing arable land. The rapid increase in the global population and decreasing area of farming land are key concerns for the agricultural sector. In 1950, the available area for arable land was more than the population. However, the growth in the urbanization and industrialization had steadily decreased the amount of arable land. Inappropriate, unplanned, and illegal agricultural practices and deforestation have led to the significant decrease in arable lands. Owing to these reasons, the arable land and the crop yield has dramatically decreased over the period of time.
Bayer, Dow Chemical, FMC, Syngenta, Valent BioSciences, AMVAC Chemical, BioWorks, Isagro, ISHIHARA SANGYO KAISHA, and Marrone Bio Innovations.