Canada Nematicides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Canadian Nematicides Market was valued at USD 0.09 billion in 2018, and it is expected to register a CAGR of 4.3% during the forecast period (2019-2024).

• 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.
• 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. 

Scope of the Report

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. In this report, the market has been segmented on the basis of chemical type and its application with special focus on the Canadian market. Crops, like potato, carrot, cucurbits, and fruiting vegetables, have been given special attention. The report presents an analysis of production and the area under treatment for a particular crop. The market operates at a B2C level, and this has been taken into consideration while carrying out a holistic analysis based on numerous factors.

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Key Market Trends

Low Per Capita Consumption of Pesticides Acts as a Restraint for the Market

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 13 kg/ha in China and 7 kg/ha in the United States. The main reasons for the lower consumption of pesticide are 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 may increase the potential of the pesticide market, with focus on bio products.

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