Latin America Nematicides Market by Type and by Application

The Latin America Nematicides Market had a market value of USD 201.94 million in 2016 and is forecasted to exhibit a CAGR of 5.1% and reach USD 262.2 million by 2021.

Nematicides are pesticides used to kill various types of insects like Nematodes, Fungi, bacteria and weed seeds. Nematicides fumigants are usually expensive and they are used mostly for high value crops where nematode problem is severe. Nematicides usage will increase tremendously in the future owing to the increasing demand for healthy food.

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Nematicides increases the fertility of the soil aside from protecting plants from parasites. This trait is driving the market significantly owing to the decreasing Agricultural lands because of the growing industrialization. Increasing prevalence of infections, rising investments from administration bodies for agricultural purposes are driving the Nematicides Market. However, Environmental Hazards caused by synthetic Nematicides is restricting the growth of the market.

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Latin America Nematicides Market is segmented based on Type, Form, Application and Mode of Application. Based on Type, market is segmented into Fumigants, Carbamates, Organophosphates, Bio-based Nematicides. Based on Application, market is segmented into Agricultural, Non-Agricultural. Based on Form, market is segmented into Liquid, Granular. Based on Mode of Application, market is segmented into Irrigation, Spraying, Fumigation, Seed Treatment. Fumigant segment dominated the market in 2016 owing to its use for high value crops.

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Geographically, market is segmented into Brazil, Argentina and Mexico. Latin America is expected to show significant potential during the forecast period owing to the increase in industrialization and growing demand for healthy food.

The key players in this market are BASF SE, Bayer CropScience AG, The Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company. The other companies which are profiled are Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd., Ishihara Sangyo Kaisha Ltd., and Valent Corporation.

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