NEW YORK, Feb. 6, 2017 /PRNewswire/ --
"The global nematicides market is projected to grow at a CAGR of 3.30%"
The global nematicides market is projected to reach USD 1.43 billion by 2022 at a CAGR of 3.30% during the forecast period. The nematicides market growth is driven by various factors such as rapid industrialization leading to less arable land available, better maintenance of soil health to achieve the required crop yield, and emergence of South American countries as major contributors toward the overall growth of the nematicides market. The major restraints in the nematicides market are change in the environmental protection laws and government policies across geographies due to their adverse effects on the human health and reduced soil health due to more frequent use of chemical-based nematicides.
"The bionematicides segment, by type, is projected to grow at the highest CAGR during the forecast period"
The bionematicides segment, by type, is projected to grow at the fastest CAGR during the forecast period in the nematicides market owing to stringent regulatory framework against use of chemical-based nematicides. The chemical-based nematicides also have adverse effects on the human health if in contact for a prolonged period of time.
"The seed treatment method is projected to grow at the highest CAGR during the forecast period"
The seed treatment method is projected to grow at the highest CAGR from 2016 to 2022. The method is less harmful as compared to other methods, especially on the human health and rise in the price of pesticides and fertilizers compel the farm growers to opt for newer crop protection techniques. This method is relatively new and is highly preferred by the farmers in the North American and European regions due to its protection from nematodes at an early stage.
"The agricultural segment, by application, is projected to grow at the highest CAGR from 2016 to 2022"
The agriculture segment, by application, is projected to grow at the highest CAGR during the forecast period. The agricultural application segment of nematicides consists of major crop segments, namely, cereals & grains, oilseeds, and fruits & vegetables. The application of nematicides in the agricultural segment is the highest. This can be attributed to the rapid industrialization globally, reducing the agricultural land available to grow crops, leading to the use of nematicides to control nematodes and increase crop yield.
"North America led the nematicides market with the largest market share in 2015"
The North American market, by region, accounted for the largest market share in 2015, owing to the rapid industrialization and less arable land available for growing quality crops. This has led to improvement in the soil condition for better crop yield to meet the rise in food consumption. The Asia-Pacific region is projected to be the fastest-growing region, due to rise in agricultural sector and use of better crop protection methods in the region.
Break-up of Primaries:
- By Company Type – Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
- By Designation –C Level – 75% and Manager level – 25%
- By Region – Asia-Pacific – 40%, Europe – 20%, North America – 10%, and RoW – 30%
Key players include the following:
- BASF SE (Germany)
- Bayer CropScience AG (Germany)
- The Dow Chemical Company (U.S.)
- E.I. Du Pont De Nemours and Company (U.S.)
- Monsanto Company (U.S).
The above-mentioned companies have collectively accounted for the largest portion of the nematicides market in 2015. The key players in the nematicides market adopted mergers & acquisitions and new product launches as their key growth strategies to increase their market share and profits. Mergers & acquisitions accounted for the highest percentage of the total developments, followed by new product launches.
The report provides a picture on the nematicides market across different applications, verticals, and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, form, method of application, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- To get an overview of the global nematicides market.
- From an insight perspective, this research report has focused detailed analyses—industry, market share of top players, and company profiles.
- This report also explains high-growth segments of the global nematicides market, high-growth regions and, drivers, restraints, opportunities, and challenges related to the nematicides market.
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