- Many factors contribute to the market’s growth, challenges
- Stewardship program ensures nematicide best practices
- Nematodes cost UK farmers $62.6 million
By 2022, the nematicides market will reach $1.43 billion globally, MarketsandMarkets forecasts, growing at compound annual growth rate (CAGR) of 3.3%.
In 2015, North America was the largest market because the region has less arable land available for growing quality crops and rapid industrialization. Nematicides have led to improved soil conditions that yield better crops for food consumption.
The region projected to have the fastest grow is Asia-Pacific. In the region, there have been better crop-protection methods used as well as growth in the agricultural sector.
Other factors contributing to market growth include better soil health maintenance and the emergence of South America as a major contributor to the nematicides market.
Challenges to the market include government policies and environmental-protection laws. There is concern prolonged exposer to nematicides has an adverse effect on the health and can reduced soil health.
Nematicide Stewardship Programme
It’s not often that chemical manufacturers and farmers come together, but that’s exactly what happened in 2015 when the Nematicide Stewardship Programme was founded in the UK.
The program is a partnership between nematicide manufacturers and several agricultural organizations with the goal of encouraging best practices. It offers training workshops for the safest, most effective use of nematicides.
Standards also were set to ensure farmers have calibrated nematicide applicators that have been inspected in the last two years, that farmers keep records, farmers seek advice prior to purchase and farmers are certified.
“Nematodes affect 70% of potato land, and pose a significant risk to this high value crop,” Andy Alexander, BASIS-qualified agronomist and NFU potato committee member told FG Insight. “Best practice is the only way to safeguard nematicides for the future, and while most growers were already acting in a very professional manner, supported by the chemical manufacturers, the industry coming together on this is a big step forward.”
Every year, potato-cyst nematodes cost UK potato farmers $62.6 million, according to Farmers Weekly.
Farmers also are facing increased pressure from government legislation and a limited number of effective nematicides.
“It is vital that we use every opportunity to ensure that products are used responsibly, cost-efficiently and in accordance with the manufacturers’ recommendations,” Neil Beadle of Dupont told Farmers Weekly.
- Because of the health and environmental concerns surrounding chemical-based nematicides, the bionematicides segment is forecasted to grow at the fastest CAGR.
- From 2016 to 2022, the seed-treatment method is forecasted to grow at the highest CAGR. The method is less harmful to health and environment and is more cost effective than other ways. A relatively new method, it is preferred by the farmers in North America and Europe.
- The agriculture segment is the application forecasted to grow at the largest CAGR. The agricultural application segment of nematicides includes of major crop segments such as fruits and vegetables, cereals and grains, and oilseeds. Rapid global industrialization has contributed to this growth.