LONDON, Feb. 15, 2018 (GLOBE NEWSWIRE) -- According to the new report by Meticulous Research™, global nematicides market will grow at a CAGR of 3.0% from 2018 to 2023 to reach USD 1,344.5 million by 2023.

This market is primarily driven by “growing need to increase crop yield and quality, growing reduction in arable land, the benefit of higher crop quality and yield with the use of nematicides, and increasing organic farming and demand for organic food. However, environmental and human hazards with the use of chemical nematicides, strict government regulations on pesticides, and development of transgenic crops are the major factors restraining the growth of this market to some extent, Meticulous Research™ notes in a press release today.

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The report also notes that, the chemical nematicides commanded the largest share in global market 2017. However, the biological nematicides market is expected to witness the fastest growth during the forecast period, owing to growing environmental and public health concerns with the use of chemical nematicides, growing trend of organic farming, rising demand for chemical residue free agricultural products, and government support to use biological nematicides across the globe.

The key players operating in the global nematicides market are Bayer CropScience AG, BASF SE, The Dow Chemical Company, Syngenta, FMC Corporation, Sumitomo Chemical Co., Ltd., Monsanto Company, Nufarm Limited, ADAMA Agricultural Solutions Ltd., AMVAC Chemical Corporation, Brandt Consolidated, Inc., Isagro S.p.A., Marrone Bio Innovations Inc., and Certis USA L.L.C.

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Scope of the Report

Market by Product Type

  • Chemical
    • Fumigants
    • Carbamates
    • Organophosphate
  • Biological 

Market by Form

  • Liquid form
  • Solid form

Market by Mode of Application

  • Fumigation
  • Irrigation
  • Spraying
  • Seed Treatment

Market by Crop Type

  • Fruits and Vegetables
  • Oilseeds
  • Cereals & Grains
  • Other Crops

Market by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Spain
    • Italy
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
      • Brazil
      • Argentina
      • Chile
      • Rest of LATAM
    • Middle East & Africa

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