Market Research Report
South America Nematicides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
|South America Nematicides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)|
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 90 Pages
Delivery time: 2-3 business days
The South America Nematicides Market is projected to grow at a CAGR of 5.9% during the forecast period (2020-2025),
Vegetables held as prominent share in the nematicides market in 2019. This is attributed to the increasing acreage being brought under vegetables. In countries such as Argentina, nematodes are affecting tomatoes and tobacco to a larger extend thus decreasing yield by 20%. For instance, "DiTera" product from Valent Bioscience offer bio-based nematicide products for crops such as, capsicum, tomato, cole crops, grapes, stone fruit, citrus, nut crops, bananas, pineapples, turf, and ornamentals that helps to control nematodes, which in turn helps to increase yield of vegetable crops and thus boost the sales of bio nematicides market.
In Brazil, nematodes were widely present in the soils of Brazilian Cerrado and Brazilian Savanna. The key crops cultivated in the region are soybeans, sugarcane, corn, rice, and coffee, among others. It has been observed that, inadequate practices of crop rotation has provided an environment for nematodes to grow in the aforementioned regions. Major nematode species in the soils include Heterodera, Pratylenchus and Meloidogyne. The major companies of nematicide include Syngenta and FMC that accounted more than 50% of sales in 2016. The product launches by key players to control nemtodes attack on major crops such as coffee, soybean is projected to boost the sales of nematicides during the forecast period.
Syngenta International AG, FMC Corporation, Bayer Cropscience AG and Adama Ltd are some of the major players operating in this region. These players are adopting product innovation as their key adopted strategy to strengthen their position in the market. For instance, FMC launched Rugby 200 CS nematicide to control nematode attack on soybean crop in Brazil