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Asia-Pacific Nematicides Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 100 Pages
  • August 2020
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5176176
The Asia-Pacific nematicides market is projected to register a CAGR of 5.9 % in the forecast period( 2020-2025). Demand for nematicides has been increasing recently due to the presence of various nematode species attacking the wide range of economically important crops in the Asia-Pacific region. Major crops such as Rice, Wheat, Soyabean, Barley, and vegetable are attacked by these nematodes in this region which is becoming the factor of concern for farmers and thus the demand for nematicides is increasing. In recent years the use of Bio nematicides is also booming due to increased awareness of organic farming amongst the farmers. Some of the key players in the market are Syngenta, Bayer Crop Science AG, BASF SE, Corteva Agro Science, FMC Corporation, UPL Limited.

Key Market Trends

Growing Need to Meet Growing Food Requirements

A decrease in fertile and arable land has led to an increase in demand for high yielding crops to meet global food requirements. This factor has boosted nematicides demand, in order to increase crop protection and improve the quality yield from limited crops. The effect of plant parasitic nematode infestation is very high in crops like Soybean, Barley, Rice, and Wheat. For instance in 2017 rice production in China was 214.43 million tons that have slightly decreased to 214.07 million tons in 2018. In order to meet the food requirements of the growing population, production has to be increased due to which market for nematicides will record significant growth in the region. The increase in crop losses due to nematode infestation is increasing every year and is acting as a major concern for farmers and forcing them to use nematicides in order to protect the crops. Growing concerns over the demand for such crops in this region is creating a wide range of market opportunities for nematicides.

Increased Demand for Bio-Based Nematicides

Owing to the growing concern over the environment and health concern, demand for biobased products is increasing significantly. In Asia-Pacific, according to the Research Institute of Organic Agriculture (FiBL), in 2016 organic area under cultivation was 4.87 million ha that has increased to 6.53 million ha in 2018, Between 2016 and 2017, the organic area in Asia increased by over 1.2 million ha, a 25% increase. Although synthetic or chemical nematicides continue to witness a positive trajectory in demand, and an emerging preference for biological nematicides has been observed in recent years, primarily due to the rapid adoption of Integrated Pest Management (IPM) techniques and sustainable agricultural practices. The organic retail sales in 2016 was valued at USD 8,306.21 million that has significantly increased to USD 11,327.4 million in 2018 in the region. thus, due to the increasing awareness regarding the importance of organic farming and health consciousness the demand for bio nematicides is growing at a significant rate in the Asia Pacific region.

Competitive Landscape

The Nematicides market in this region is consolidated with a few players holding a major market share. The key players in the market are Syngenta, Bayer Crop Science AG, BASF SE, Corteva Agro Science, FMC Corporation, UPL Limited. These companies are investing in Research & Development activities and are coming up with new product innovations in nematicides. In 2019, Bayer CropScience launched Indemnify a nematicide for Australia, that controls key plant-parasitic nematodes and improves root growth and turfgrass health resulting in better playability with improved wear tolerance.

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Table of Contents

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5.1 Chemical Type
5.1.1 Fumigants
5.1.2 Organo Phosphate
5.1.3 Carbamate
5.1.4 Bio-based Nematicides
5.2 Formulation
5.2.1 Gaseous Formulation
5.2.2 Liquid
5.2.3 Granules or Emulsifiable Liquid
5.2.4 Other Formulation
5.3 Application Type
5.3.1 Grains and Cereals
5.3.2 Pulses and Oilseeds
5.3.3 Commercial Crops
5.3.4 Fruits and Vegetables
5.3.5 Other Application Types
5.4 Geography
5.4.1 Asia Pacific India China Japan Australia Rest of Asia-Pacific
6.1 Market Share Analysis
6.2 Most Adopted Strategy
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Bayer CropScience AG
6.3.3 Syngenta AG
6.3.4 FMC Corporation
6.3.5 UPL Ltd
6.3.6 Corteva Agro Science
6.3.7 Adama Agricultural Solutions Ltd.
6.3.8 Valent Corporation
6.3.9 American Vanguard Corporation
6.3.10 Ishihara Sangyo Kaisha Ltd.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bayer CropScience AG
  • Syngenta AG
  • FMC Corporation
  • UPL Ltd
  • Corteva Agro Science
  • Adama Agricultural Solutions Ltd.
  • Valent Corporation
  • American Vanguard Corporation
  • Ishihara Sangyo Kaisha Ltd.