The global Organophosphates Nematicides Market size is expected to reach USD 1.75 Billion by 2028 at a CAGR of 3.5%, according to a new report by Reports and Data. Nematodes, a scientific term indicated for roundworms, comprises above 15,000 species. Most of the nematodes’ species which attack crops are generally microscopic. Nematodes attack the foliage, flowers, stem, and plants’ roots. They specifically attack roots, causing root knots, stunted root systems, and root lesions, resulting in declining of the plants or crops. Nematodes are immensely harmful for plants, as they attack plants to feed on them. Therefore, nematodes causing severe damage to many crops by eating the flowers, fruits, leading to decreased crop productivity. Nematicides are majorly used by farmers for killing as well as controlling nematodes.
Nematicides are intended to increase the efficiency of water use and nutrient uptake, resulting in minimized cost of irrigation and fertilizers, promoting the growth of the market. Additionally, growing adoption of integrated pest management globally, combined with rising awareness regarding the advantages of nematicides is boosting the industry’s growth.
Some of the leading players in the global Organophosphates Nematicides Market:
BASF SE, Corteva Agriscience, Isagro Group, Syngenta Crop Protection AG, Bayer AG, UPL Limited, FMC Corporation, Nufarm Ltd., and Chr. Hansen Holding A/S AMVAC Chemical Corporation.
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The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
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Organophosphates Nematicides Market Segmentation:
Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Others (which include active ingredients, such as acetoprole, benclothiaz, DBCP, and chitosan)
Crop type Outlook (Revenue, USD Billion, 2018 - 2028)
- Field crops
- Fruits nuts
- Others (which include plantation, turf grasses, and ornamental crops)
Form Outlook (Revenue, USD Billion, 2018 - 2028)
Mode of Application Outlook (Revenue, USD Billion, 2018 - 2028)
- Soil dressing
- Seed treatment
Nematode Type Outlook (Revenue, USD Billion, 2018 - 2028)
- Root-knot nematode
- Others (which include lesion nematodes, stubby root nematodes, and stem nematodes)
Regional Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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