Nematicides are a type of chemical pesticides which are used to kill plant-parasites nematodes. They are used on fruits & vegetables such as potatoes, tomatoes, pineapples and so on. Other than providing protection from the parasites it also helps in increasing fertility of soil. Nematicides market is fueled by factors such as increasing prevalence of parasitic infections, growing investments from government and non-government organizations for the purpose of agriculture welfare. Driven by these favorable factors the global nematicides market is estimated to grow at a CAGR of XX% to reach $XX billion by 2021.
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Nematicides market has been analyzed with respect to different parameters such as demand & supply. The global nematicides market is segmented on the basis of product type, application and geography to provide a comprehensive analysis of the market. Based on product type, the market has been categorized into two segments namely fumigants and non-fumigants. Fumigants have a higher market share than the non-fumigants because of their volatile nature which helps them leave no residue behind. These are further sub-segmented based on the formulation type. The market is also categorized and analyzed based on non-crop applications such as industrial usage or household applications.
Europe dominated the global nematicides market with a share of XX% in 2015 followed by North America. Rising demand of-is driving the nematicides market in this region. , Farmers are increasingly adopting nematicides to prevent loss of crops from parasitic attacks.
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However, developed nations in these regions have reached saturation phase and are estimated to exhibit sluggish growth in the coming years. Asia-Pacific and Latin America regions are projected to contribute to majority of the market growth predominantly due to increasing agriculture, population and hence, demand of food. Furthermore, escalating awareness about plant health among farmers and improving crops healthcare infrastructure in these regions provides impetus to the market growth.
Nematicides market is fairly consolidated with over two-thirds of the share being occupied by key players such as:
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