Nematicides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Nematicides are type of pesticides used to kill plant parasites such as nematodes. Based on types nematicides can be segmented as organo-phosphates, carbamates, bio-nematicides and fumigants. Nematicides are available in two delivery forms that include contact application and fumigant. Recently seed treatment form is being developed and available in the market. The applications of nematicides include agrochemicals, industrial and others.

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Growing industrialization that has lead to reduction in arable land is expected to drive the market for nematicides. Due to industrial development, total arable land across the globe has decreased therefore the demand for high yielding crops has increased to fulfill the demand. In addition, increasing population leading to high food demand is expected to fuel the market growth. Use of nematicides and other pesticides is necessary for crop protection and ultimately to improve the total yield of crop. Further, demand for bio-nematicides is expected to boost the market. Due to environmental hazards of synthetic nematicides, government is supporting growth bio-nematicides. The advantages of bio-nematicides over synthetic include no hazards to human health and environment, no residues in soil and no crop losses. Hence, demand for bio-nematicides is expected to drive the market growth. Additionally, demand for nematicides from Latin America is expected to further drive the nematicides market growth. Due to increase in disposable income in this region, consumer’s preference has been shifted to quality food. To ensure quality of food use of nematicides is necessary, which is expected to drive nematicides market.

However, environmental regulations are expected to hamper the market growth. Concerns are being raised regarding ill effects of nematicides in human health and environment. These concerns has led to cancellation of few...