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Nematicides Market worth 1.34 Billion USD by 2020
The report "Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, and Bio-Nematicides), Application (Agrochemicals, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Row) - Global Trends & Forecast to 2020", defines and segments the nematicides market with analyses and projections of the market size, in terms of value and volume. The global nematicides market is projected to reach USD 1.34 Billion by 2020, at a CAGR of 3.2% during the forecast period.
Browse 100 tables and 91 figures spread through 155 Pages and in-depth TOC on "Nematicides Market - Global Trends & Forecast to 2020"
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The analysis in the report has been conducted on various market segments derived on the basis of application, geography, and type with respect to the global nematicides market. On the basis of application, the market has been segmented into agrochemicals, industrial, and others. On the basis of type, this market has been segmented into fumigants, carbamates, organophosphates & bio-nematicides, and others. The geographical analysis includes all the major regions for nematicides all across the globe, namely, North America, Europe, Asia-Pacific (APAC), and RoW. The report also includes the key market drivers and inhibitors, along with their impacts in detail.
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Nematicides are used to terminate plant-parasitic nematodes. Nematicides are majorly used for crops such as tobacco, tomatoes, sugarcane, potatoes, tea, and many more. They are also used for fruits such as pineapples, strawberries, and bananas. Through the use of nematicides and eradication of nematodes from the soil, the productivity and the yield of the soil increases. This property of nematicides has led to increased used of nematicides by farmers across the globe. Based on usage, nematicides are segmented into fumigants, organophosphates, carbamates, bio-nematicides, and other nematicides. The nematicides market is one of the major pesticides market and is estimated to dominate the agrochemical industry from 2015 to 2020.
Agrochemicals are estimated to register high growth rate due to the increased production of the same in the developing nations. The demand for agrochemicals is expected to rise from the Asia-Pacific region, particularly from China, Japan, and India. The increasing agricultural activities, coupled with the rising domestic demand, are driving the growth for nematicides in this region. With rapid urbanization and expansion of the global population, more and more agricultural land is being converted into industrial areas, thereby reducing the overall arable land gradually. It is necessary to maximize the yield from the available arable land to meet the rising needs of the growing population. Thus, the use of nematicides is being highly adopted across the globe to increase the yield from the available land which in turn is boosting the demand for nematicides globally.
The Global Nematicides Market is projected to reach USD 1.34 billion by 2020, at a CAGR of 3.2%. In 2015, North America is estimated to be the largest market for nematicides. Asia-Pacific is projected to be the fastest-growing market for nematicides during the forecast period. This market is driven by the increasing population, leading to rising demand for food which spurs the growth of the nematicides market.
This report is a detailed study of different geographies and their market sizes, along with an analysis of the nematicides market by type and by application. It includes profiles and competitive positions of top market players in the business, such as Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Monsanto (U.S.), Dow AgroSciences (U.S.), and BASF SE (Germany), among others. Apart from the financial information, insights about the competitive position of the companies and their recent developments and strategies have been studied and included in the report.
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News Release: Nematicides Market worth 1.34 Billion USD by 2020
Submitted on: January 10, 2017 11:04:42 AM
Submitted by: Sonal
On behalf of: www.marketsandmarkets.com/Market-Reports/nematicides-market-193252005.html