Monday, 8 August 2016

Global Nematicides Market has grown tremendously on account of rapid industrialization leading to market growth

Global nematicides market has grown tremendously on account of rapid industrialization leading to reduction of arable soil and fertile land for agriculture. Nematicides are a type of pesticide used to eradicate highly prolific plant parasites such as nematodes, which has led to increasing demand in various agricultural, industrial and other applications. Decrease in fertile and arable land has inversely led to an increase in high yielding crops demand to meet global food requirements. This factor has considerably boosted nematicides demand, in order to increase crop protection and improve quality yield from limited crops. Governmental support encouraging development of bio-nematicides as an alternative to conventional synthetic pesticides has also fostered the global bio-nematicides market growth. Reduction of human health hazards and environmental side-effects is also expected to boost global nematicides market over the forecast period. Increasing spending capacity of consumers and high quality food demand is also anticipated to fuel global nematicides market.

On the basis of products, nematicides are categorized into organophosphates, carbamates and bio-nematicides. On the basis of delivery, nematicides can be classified mainly into fumigants and contact applicators, as well as integrated seed treatment which is yet in a nascent stage of development. Fumigants are generally administered several weeks before actual crop plantation in order to eradicate parasites existent in surrounding soil, air or water. Fumigants are generally applied only to high-value crops such as vegetables and fruits on account of high cost. Contact applicators are sprayed directly onto the crops once they are planted into the soil. Various market opportunities on account of bio-fuel technology development are expected to support nematicides market growth. Highest potential lies in the bio-nematicides market on account of eco-friendliness and sustainability.

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Concerns regarding ill-effects of pesticides and associated perceptions of health and environment degradation are expected to hamper the nematicides market growth. Various environmental regulations imposed by Environment Protection Agency (EPA) and the National Institute of Environmental Health Sciences (NIEHS) are further anticipated to hinder the development of the pesticides market on the whole. Increasing development of transgenic crops is also expected to negatively impact the nematicides market over the forecast period.

North America has emerged as the largest regional market in terms of nematicides consumption on account of growing food demand and decline in arable land. Europe was the second major market for nematicides until governmental regulations hampered the market development. Increasing agrochemical and agricultural activities in Asia Pacific regions are also anticipated to present various opportunities for market growth in the region over next seven years. Decrease in arable land on account of industrialization has led to surge in nematicides demand from the India and China. Other regions such as Latin America and Middle East are also expected to offer ample opportunities for nematicides market growth.

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