Market Trends of South America Nematicides Industry
This section covers the major market trends shaping the South America Nematicides Market according to our research experts:
Increase in Demand for Nematicides in Fruits and Vegetables Crops
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.
Brazil Dominates the 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.
