Market Trends of asia pacific nematicide Industry
Growing awareness among farmers about the importance of nematode control is increasing the application of nematicides
- Japan is the largest consumer of nematicides per hectare, with an average consumption of 478.7 grams per hectare of agricultural land in 2022. However, Japan only accounted for 0.45% of the total agricultural land in the region, with just 2.9 million hectares in 2022. Intensive farming practices, such as greenhouse cultivation and monocropping, are prevalent in Japan. While these practices have their advantages in maximizing productivity, they also increase the vulnerability of crops to soil-borne pests like nematodes, leading the farmers in Japan to rely on nematicides to safeguard their crops.
- Australia is the second-highest consumer of nematicides per hectare, with a consumption of 63.6 grams per hectare in 2022. This could be attributed to the huge hidden cost posed by plant parasitic nematodes to Australian producers and turf managers. It has been estimated that up to 19 million hectares of cultivated land and amenity turf are negatively impacted by parasitic nematodes in Australia, resulting in annual losses of USD 300 million.
- Australia is closely followed by the Philippines and Vietnam, with nematicide consumptions of 46.3 and 41.1 grams per hectare, respectively, in 2022. Root-knot nematode is a major problem in the Philippines. It is known to cause losses between 20% and 85%, especially in vegetable crops like tomatoes, based on the cultivar and region grown.
- China, Thailand, Myanmar, and India are other countries in the region that consume significant amounts of nematicides, owing to the increasing incidences of nematode infestation, which are often neglected by the farmers because of their hidden nature. However, the usage of nematicides is increasing with growing awareness among farmers and the need to protect the crops.
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Crop losses due to nematode infestation are increasing every year, influencing the prices of nematicides
- Plant parasitic nematodes (PPNs) are among the most notorious and underrated threats to food security and plant health. For instance, in India, the annual crop losses due to major plant parasitic nematodes are estimated to be 19.6%, valued at INR 242.1 billion. In vegetable cultivation, plant parasitic nematodes are considered among the major pests. Fluensulfone, Abamectin, and Oxamyl are commonly used nematicides in Asia-Pacific.
- Fluensulfone was valued at USD 19.0 thousand per metric ton in 2022. It can be used to suppress nematodes, including root-knot nematodes (Meloidogyne spp.), potato cyst nematodes, needle nematodes, lance nematodes, sting nematodes, stubby root nematodes (Trichodorus and Paratrichodorus spp.), and lesion nematodes.
- Abamectin is known to have nematicidal activity against some plant parasitic nematodes, including the root lesion nematode (Pratylenchus penetrans), the reniform nematode (Rotylenchulus reniformis), the root-knot nematode (Meloidogyne incognita), and the cyst nematode (Heterodera schachtii). Abamectin was valued at USD 12.2 thousand per metric ton in 2022.
- Oxamyl is a carbamate nematicide that is manufactured in liquid and granular forms. Oxamyl is the only nematicide with downward-moving systemic activity; thus, it has foliar nematicidal applications that help to reduce Pratylenchus nematodes. Oxamyl was valued at USD 8.7 thousand per metric ton in 2022.
- Crop losses due to nematode infestation are increasing every year and are acting as a major concern for farmers, forcing them to use nematicides in order to protect the crops. This factor is expected to influence the prices of nematicides.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Growing awareness among farmers about the importance of nematode control is increasing the application of nematicides
