Canada Nematicides Market - Segmented by Chemical Type by Application Type, and Geography- Growth, Trends, and Forecast (2018 - 2023)

The Canada Nematicides Market was valued at USD 84.9 million in 2017 and is expected to register a CAGR of 4.3% during the forecast period (2018-2023). Approximately 15-20% of the crop loss in Canada is due to nematodes and almost every crop in Canada is affected by nematodes. To avoid crop losses, the demand for nematicides is growing at a high rate in the region.

Nematicides are the chemical substances that are used to kill nematodes in farmland. Nematodes are parasites of plants, which can infest all parts of the plant, leading to severe crop damage. Although, Canada is a net exporter of agricultural products, the demand for agricultural products has been increasing. The increasing demand, coupled with the heavy crop losses in recent times, has posed a greater challenge to the farming community. The crop losses are due to the presence of nematodes, which were found in recent times. To overcome this challenge, the government and the companies are focusing on developing new products and are spending more on their R&D.

The Major Growing Segment by Application Type – Fruits & Vegetables

The Canadian nematicide market for fruit & vegetable-based application is estimated to reach USD 57.2 million by 2023, from USD 45.6 million recorded in 2017, while registering a CAGR of 3.8% during the forecast period. Fruits & vegetable-based application consumes the largest amount of nematicides; potato forms the single largest crop category in terms of nematicide consumption. Most of the major vegetable crops grown are affected by Pratylenchus penetrans. ‘other’ vegetables, such as carrots, strawberries, etc., occupy the largest segment among the nematicides being used on fruits and vegetables in Canada. The others segment is also the fastest-growing, at a CAGR of 3.9% during the forecast period. Nematicides, such as Velum Prime and Metum Sodium Agricultural, are used on potato, the most important vegetable crop in Canada; this market is expected to register a CAGR of 3.8% during the forecast period.

High Agricultural Production in the Region

Canada had a total agricultural area of 6.52 million ha in 2014, which accounts for around 7% of the total land in the country.About 80% of Canada’s farmland is located in the Prairies provinces and about 8% in Ontario, and remaining in the other locations. Nematodes have not been present in the Prairie region, but recently the species Heterodera Filipjevi has been confirmed. It is estimated that around 15-20% of the crop loss in Canada is due to nematodes and almost every crop in Canada is affected by nematodes. Because of the high production area and growing population, the demand for agricultural products is high. To avoid crop losses, the demand for nematicides is growing at a higher rate in the region.

Low Per-Capita Consumption of Pesticides

Modern agriculture depends mainly on four factors viz: water, fertilizer, seeds, and pesticides. Pesticides have become an integral part of modern agriculture. In Canada, an average of 15-20% of the crop is lost due to insects, weeds, and diseases. To avoid the huge losses in crop, pesticide usage is a must. The per-capita consumption of pesticide in Canada is 1-2 kg/ha, whereas, it is 13kg/ha in China and 7kg/ha in the United States. The main reason for the lower consumption of pesticide is due to adverse effects on human life and the government’s discouragement of the use of chemical pesticide. As the arable land per capita reduces, the per-capita pesticide usage may further decline. However, focus on food security and safety will increase the potential of the pesticide market, with focus on bio products.

Key Developments of Canada Nematicide Market

• May 2017 – Bayer has launched Velum Prime nematicide, the first non-fumigant for potato crop. It also controls the complete nematode management program.
• Nov 2015 -  The Veterinary Medicines Authority has banned nematicide containing fenamiphos

Major Players:   BASF SE, Bayer CropScience AG, DuPont, American Vanguard Corporation, Syngenta International AG, Monsanto Company, FMC Corporation, Buckman Laboratories International Inc., The Great Lakes Solutions (Chemtura), Marrone Bio Innovations Inc.,Valent Biosciences Corp (United States) , list not exhaustive.

Reasons to Purchase the Report

• To have an understanding of the fastest growing countries  in the Canada nematicide and growth trends during the forecast period
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