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Global nematicide market to grow by 3% to $1,329.5 million by 2019
Jul. 8, 2014
Geographically, North America and Europe are the top two consumers of nematicides.
Due to the adverse effect of nematicides and gradual phase-out of fumigant products such as methyl bromide in many countries from 2005, manufacturers are developing bio-nematicide products. Bio-nematicides are projected to grow at the highest CAGR of 4.2% from 2014 to 2019.
Manufacturers are struggling to produce nematicide products that will impose less effect on non-target organisms, environment resources, and humans. Nematicides are primarily available in two different delivery forms, fumigants and contact applications, with a very small portion of product currently in the form of integrated seed treatment. While fumigants are administered several weeks before planting, contact nematicides are applied during planting, as both treatments are most effective as preventative measures before the root system are fully developed. The two broad applications of nematicides include agrochemical and industrial sectors. The majority of the nematicides are used in agrochemical industry, and the market for this is projected to grow at a CAGR of 3.3% in the projected period.
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