- The key vendors in the global nematicides market 2015-2019 are ADAMA, BASF SE, Bayer Cropscience AG, Dow Agrosciences LLC, DuPont, FMC Corp., Monsanto, Syngenta AG, and Valent BioSciences Corp.
London, 1 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global nematicides market 2015-2019. The adoption of modern farming practices and technology to increase crop yield is a key trend observed in this market. Nematicides are specially formulated to kill insects and pests that hamper crop yield. These nematicides are also available in the form of nets, which help in controlling pests without having any adverse effect on the environment. The global nematicides market is expected to grow at a CAGR of 3.48% during the forecast period of 2014-2019.
Rising demand for food products as a result of the growing population worldwide is the primary reason that drives growth in this market. Unavailability of arable land can also be attributed to factors such as salinization, erosion, and desertification. Consequently, farmers are now becoming increasingly dependent on nematicides to increase crop yield.
“Farmers are adopting modern farming techniques and using updated technology to increase crop yield. They are also using a variety of nematicides that are specially formulated to kill harmful insects and not affect other organisms,” says Faisal Ghaus, Vice President of Technavio Research.
“Nematicide-treated nets are also being used that help farmers to reduce insect menace and increase crop yield. Bayer has developed a nematicide named Verango, which is applied once a year and is less harmful to the environment and to the farmers.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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