Nematicide Market 2021 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and Growth Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Nematicide Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nematicide Market products.

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On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Nematicide Industry was valued at USD 1.23 Billion in the year 2017. Global Nematicide Industry is further estimated to grow at a CAGR of 3.60% from 2018 to reach USD 1.61 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period due to growing agriculture sector. At a country level, the U.S. is projected to grow strongly in the coming years.

Bayer CropScience AG, Syngenta AG, BASF SE, Dow Chemical Company and Monsanto Company and 12 more companies’ detailed information is provided in report. E.I. du Pont de Nemours and Company are some of the key players in the Global Nematicide Industry. Better global reach at an operational level is the main reason the key players are holding substantial Industry share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Nematicide Industry:
Strength:

Characteristics and application of Nematicides in agriculture

Weakness:
Side-effects caused to environment and humans

Opportunities:
Growing demand for quality food
Emerging Asia-Pacific agriculture Industry

Threats:
Government Regulations and norms.

The segmentation is done on the basis of Types, by application, by form, and by region. On the basis of types, the global nematicide Industry is sub-segmented as Fumigants, Carbamates, Organophosphates, and Bionematicides of which the Fumigants segment is expected to hold the highest Industry share during the forecast period.

Nematicide Industry Segmentation:
By Application
*Agricultural
*Industrial
*Others

By Form
*Granular or Powder Form
*Liquid Form

By Type
*Fumigants
*Carbamates
*Organophosphates
*Bionematicides

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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