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The global market value of nematodes will reach 1.34 billion US dollars in 2020.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, According to the Global nematicide Market trend and Forecast report (to 2020), by 2020, the global market value of nematodes will reach US $1.34 billion, with a compound annual growth rate of 3.2%. The pesticide market is an important part of the pesticide field and is expected to

According to the Global nematicide Market trend and Forecast report (to 2020), by 2020, the global market value of nematodes will reach US $1.34 billion, with a compound annual growth rate of 3.2%. The pesticide market is an important part of the pesticide field, which is expected to occupy the leading position of the whole agrochemical industry from 2015 to 2020.

With the increase in the production of agricultural products in developing countries, the use of agrochemical products has also increased. Demand for agrochemical products in the Asia-Pacific region, especially in China, Japan and India, will increase. Increasingly intensive agricultural activities and domestic demand have driven the demand for nematodes in these areas. With the rapid expansion and urbanization of the global population, more and more agricultural land has been transformed into industrial areas, reducing the global arable land area. It is urgent to maximize the production of food from limited land to meet the needs of population growth. As a result, nematodes are widely used around the world to increase production, which also drives the demand for nematodes.

In 2015, North America was the largest market for nematodes. The Asia-Pacific region will be the fastest growing region during the forecast period. The market is mainly driven by increased population and demand for food.

 
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