Continuous growth in the population throughout the world is rising the demand for food, which is reflecting positively over the nematicides market growth. Nematicides are generally used for the control of worms. These are playing a prominent role in protecting a crop from nematodes as well as from other soil-dwelling pests. Nematodes occur in almost two-thirds of the fields which are organized for commercial crop and vegetable production. These pests cause major losses especially in case of commercial farms, greenhouses and home gardens across the globe. Nematicide chemicals are one of the popularly known agrochemicals, which are highly used in the agriculture industry. As these chemical products are active in increasing the root efficiency, and in balancing the use of both water and fertilizers. Additionally, it also reduces the adverse effects and damages caused by soil-borne diseases. Nematicides are usually used as plant protection products against plant pests and diseases. Thus, these beneficial nematicides are highly preferred by vegetable growers to obtain profitable yield along with product quality. The need for nematicides is high in dryland broadacre crops, owing to the favorable conditions such as rise in soil temperature which supports the development of nematodes. Thus, usage of approved and selective nematicides has become important for the control of this pest problem. Widespread use of nematicides is found in the agricultural applications particularly for food crops, termite control, pest control, and in food manufacturing plants. Therefore, the nematicides market size stood at $1.2 billion in 2018 and is estimated to raise with a CAGR of 3.5% during the forecast period 2019-2025.
Worldwide, nematodes have involved in generating $10 billion worth of damage for farmers. This damage is mainly occurred by the feeding of nematodes on the roots of the susceptible crops. So, the yield of the crops gets affected by the inhibition of both water and nutrient uptake. Increasing necessity for effective fumigants to control the destructive pathogens under protected conditions coupled with the need for reduction of nematodes is driving the growth of nematicides market. Wide range nematicidal activity of the fumigants is helpful in reducing the disease incidence of root-knot nematodes. UGA Cooperative Extension Bulletin states that globally the use of nematicides is valued at $1 billion on an annual basis, out of which 48% of this market being used up for the control of root-knot nematodes. Currently, removal of nematodes from crops has become necessary, mainly for export requirements of high-value horticultural products. Chemical treatment with fumigants has been recognized as the best technique available for the control of nematodes. Fumigants provide excellent control of nematodes in soil because of their high volatility at ambient temperatures. These nematicides are widely used due to their uninterrupted diffusion among varied soil particles. Thus, fumigants are well-known as improved plant growth promoters. Therefore, this product type of nematicides is set to grow with a CAGR of 2.8% during the forecast period 2019-2025. Combination of soil fumigants and non-fumigant nematicides act as the most effective and reliable control options to eliminate the plant-parasitic nematodes (PPNs). The improvement in novel effective and eco-friendly non-fumigant nematicides has decreased the reliance on fumigant nematicides.
In the United States, nematodes are mostly damaging a huge ratio of corn fields. Moreover, soybean cyst nematode (SCN) infestations are causing 30 percent loss in the soybean yields. Beck’s invented a Nemaset nematicide to eradicate these concerns. As well, Syngenta’s CLARIVA pn seed treatment nematicide provides the best solution for soybean growers to control SCN in soybean fields. Excessive use of these nematicides in the agricultural sector of this country has been contributing to a larger share in the North America nematicides market. In addition to this, the continuous developments involved in the agritech industry of this region has been influencing North America to be the leading region among other regions in the global nematicides market. It has been identified that North America is dominating with a regional share of 39% in the global nematicides market, as of 2018.
Nematicides Market Growth Drivers:
· Farming Sector: The endurance of pests have amplified the requirement of nematicides in the farms. Increasing investments and focus of market players in both the product development and advancement is boosting the growth of yields. For instance, Beck’s Hybrids has introduced a revolutionary nematicide namely NEMASECT on June 6th, 2018. This product is engaged in escalating the growth of seed treatment, particularly on corn and soybean crops. Because it is not only fighting against the nematodes but also involved in protecting the yield.
· Organic Nematicides: The growing focus of scientists in developing the organic nematicides which are more supportive compared to non-organic nematicides at nourishing the rising requisite for natural fruits and vegetables. On the other hand, these organic nematicides are useful to fulfill the increasing demand for organic fruits and vegetables. For sample, Organisan corporation has announced the introduction of a novel nematicide namely NEMASAN in January 2018. It is a formulation of specialized ingredients, which improves the control over PPNs in the soil. Furthermore, it is an Environmental Protection Agency (EPA) registered nematicide and supports in the formation of better roots along with the efficient usage of nutrients and water which offer a profitable yield.
· Biological Nematicides: Many economic crops both qualitative and quantitative production is highly susceptible owing to the PPNs. Annually, 12.6% of crop loss which is equal to $215.77 billion has been resulted by considering only the top 20 life-sustaining crops. Increasing adverse effects during the usage of chemical nematicides coupled with the increasing concentration towards microbial control PPNs are promoting the growth of biological nematicides in environment-friendly management systems. Inclusion of bio-nematicides in the integrated nematode management programs has maximized its benefits across chemical nematode management methods.
The Major Players in this Market Include:
The major players which are involved in the nematicides market are noted as follows Bayer Crop Science AG, BASF S.A., The Dow Chemical Company, Monsanto Corporation, Syngenta, ADAMA Agricultural Solutions Ltd., FMC Corporation, Nufarm Limited, AMVAC Chemical Corporation, and Isagro S.p.A. These companies have been continuously concentrating on product launches, and acquisitions strategies to strengthen their portfolio of products and their stable existence in respective geographies.
Key Players Market Strategies:
o In June 2018, Bayer AG has completed the acquisition of Monsanto Corporation, which was accounted for a value of $63 billion. This acquisition has reflected a positive impact not only on Bayer’s innovative chemical and biological crop protection portfolio but also at seeds and traits division of Monsanto. And also, made both companies stand as leaders in the agriculture industry.
o In 2018, Syngenta announced a product launch namely NEMATHORIN 10G nematicide, particularly for crop protection. It is mainly utilized for the control of potato cyst nematode along with the reduction of tuber damage and spraing in potatoes production.
o Greenlife Crop Protection Africa has introduced a biological nematicide “ADVENTURE 5G” in 2018. It is very much effective against root-knot nematodes on ornamentals and edible crops.
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