Nematodes are plant parasites that can infest all parts of the plant, leading to severe crop damages. With increasing population and the growing need for enhanced crop production, for food security, the demand for nematicides is increasing, worldwide. The crop loss estimate, owing to the single species infestation of pathogenic nematodes and the cost involved in nematode control using chemicals, averages up to 10% of the crop value but can range up to 100%, depending on the extent of damage and infestation. This is driving the Canada nematicides market, which was USD 81.64 million in 2016 and is projected to reach USD 104.15 million by 2022, with a CAGR of 4.14 %.
The major factors driving the Canadian nematicides market are the high agricultural production in the region, increasing demand for bio-based nematicides and continuous development of new nematicides to widen its application areas and an increase in the ease of use. While the market for nematicides is growing gradually, factors, such as the growing demand for food safety & quality and low per capita use of pesticides in Canada are limiting the market growth. Growing awareness and demand for organic food products are the opportunities for future growth of the nematicides market in Canada.
Canada has relatively fewer nematodes of major economic importance in the field and greenhouse vegetable crops, due to unfavorable climatic conditions. Despite many product cancellations and restrictions on the use and lower rates of biodegradation, nematicides are still used in Canada.
The nematicides market in Canada is segmented by the chemical type and mode of application. By the chemical type, the market is further segmented into fumigants, organophosphates, carbamates, bio-based nematicides, among others, with application in, both, crop-based and non-crop-based categories. By type, carbamate-based nematicide products had the largest market share of XX%, in 2016. The bio-based nematicide market will remain the fastest-growing over the forecast period. Organophosphate-based nematicide is the slowest-growing segment in the industry, with a CAGR of 2.92%.
By application, crop-based nematicides held the largest market share of 82%, in 2016. However, non-crop-based nematicides are slated to record a CAGR of XX%. Fruits & vegetables held the largest share in the crop-based nematicides segment, with XX% and a market value of USD 43.86 million, in 2016. Oil seed-based nematicides are the fastest-growing segment, with a CAGR of XX%. Turf and ornamentals-based nematicide were the largest segment in non-crop-based nematicides, with a share of XX%. Other non-crop-based nematicides are expected to register a CAGR of XX%. By crop type, the Canada nematicides market is segmented into canola, potato, wheat and soybeans, based on the consumption. In the Canada nematicide market, carbamates occupy the largest share, among canola nematicides.
Major Companies in the Sector Include:
Bayer CropScience Ltd.
Recent Industry Insights
Bayer’s Velum™ Prime nematicide is the first and only non-fumigant nematicide registered to suppress nematodes in potatoes in Canada.
Nematicide stewardship programme is a joint initiative that brings together agrochemical companies, Certis, DuPont and Syngenta, setting minimum stewardship standards for application of all nematicides.
Syngenta Canada Inc. announced the registration and launch of Clariva™ pn seed treatment, an innovative, new biological seed treatment that provides growers with an important tool in the management of soybean cyst nematode (SCN).
Global, regional and country-level analysis, along with forecasts of the study market.
Study of the effect of exogenous & endogenous factors, viz. demographic, economics, and political factors, among others, which affect the global market.
Porter’s five forces framework incorporating the factors influencing each force to determine the intensity of competition.
Segment and sub-segment level analysis of the market over the review and forecast period
Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
SWOT analysis of key players and a detailed study of their current strategic interests and key financial performance indicators.
The report holds importance for the following stakeholders:
Producers and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
Supply chain analysis
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. REACRCH APPROACH AND METHODOLOGY
2.2 Analysis Methodology
2.3 Study Phases
2.3.1 Secondary Research
2.3.2 Discussion Guide
2.3.3 Econometric Modelling
2.3.4 Expert Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
4.1.1 High Agriculture Production Region
4.1.2 Growing Demand for Bio-Based Nematicides
4.1.3 Development Of New Nematicide To Widen Its Application and Ease of Use
4.2.1 Low Per Capita Use of Pesticides
4.2.2 Growing Demand for Food Safety and Quality
4.3.1 Growing Awareness and Demand for Organic Food Products
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 MARKET SEGMENTATION, BY CHEMICAL TYPE
5.1.4 Bio-Based Nematicides
5.2 MARKET SEGMENTATION, BY APPLICATION TYPE
5.2.1 Crop-Based Nematicides
188.8.131.52 Grains and Cereals Nematicides
184.108.40.206 Oilseed-Based Nematicides
220.127.116.11 Fruits & Vegetables-Based Nematicides
5.2.2 Non-Crop-Based Nematicides
18.104.22.168 Turf & Ornamentals-Based Nematicides
22.214.171.124 Other Non-Crop-Based Nematicides
5.2.3 By Crop Type
126.96.36.199.1 Treated Acreage
188.8.131.52.2 Market Segmentation, by Product Type
184.108.40.206.1 Treated Acreage
220.127.116.11.2 Market Segmentation, by Product Type
18.104.22.168.1 Treated Acreage
22.214.171.124.2 Market Segmentation, by Product Type
126.96.36.199.1 Treated Acreage
188.8.131.52.2 Market Segmentation, by Product Type
6. COMPETITIVE LANDSCAPE
6.1 Competitive Landscape - Global
6.2 Major Strategies Adapted by Key Players (Canada)
6.3 Most Active Companies by Market Strategies (Canada)
6.4 Market Share Analysis - Canada
6.5 Major Product Sales
7. KEY COMPANY PROFILES
7.1 BASF SE
7.2 BAYER CROPSCIENCE AG
7.4 AMERICAN VANGUARD CORPORATION
7.5 SYNGENTA INTERNATIONAL AG
7.6 MONSANTO COMPANY
7.7 FMC CORPORATION
7.8 BUCKMAN LABORATORIES INTERNATIONAL INC
7.9 THE GREAT LAKES SOLUTIONS (CHEMTURA)
7.10 MARRONE BIO INNOVATIONS INC
7.11VALENT BIOSCIENCES CORP (UNITED STATES)