Market Size of Canada Nematicides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Nematicides Market Analysis
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.
Canada Nematicides Industry Segmentation
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.
| Chemical Type | |
| Fumigants | |
| Organophosphates | |
| Carbamates | |
| Bio-based Nematicides | |
| Other Chemical Types |
| Application | |||||
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Canada Nematicides Market Size Summary
The Canadian nematicides market is experiencing significant growth due to the substantial crop losses attributed to nematodes, which affect nearly every crop in the region. As a result, the demand for nematicides is on the rise, driven by the need to mitigate these losses and support the increasing demand for agricultural products. Despite Canada being a net exporter of agricultural goods, the challenges posed by nematodes have intensified, prompting a greater reliance on pesticides as an essential component of modern agriculture. The market is characterized by a diverse range of chemical segments, including fumigants, organophosphates, and bio-based nematicides, with carbamate-based products holding the largest market share. The adoption of integrated pest management techniques is contributing to the rapid growth of the bio-based nematicides segment.
In the competitive landscape of the Canadian nematicides market, companies are not only focusing on product quality and promotion but are also making strategic investments to expand their market presence. The market is highly fragmented, with numerous small players holding significant portions, while leading companies are diversifying their product portfolios to include bio-based solutions. This strategic focus is aimed at capturing a larger share of the market, particularly as the demand for sustainable and environmentally friendly agricultural practices increases. Key players in the market include Bayer CropScience AG, American Vanguard Corporation, Buckman Laboratories International Inc., Syngenta International AG, and Marrone Bio Innovations Inc., all of which are actively investing in research and development to enhance their offerings in the nematicides sector.
Canada Nematicides Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.4 Market Restraints
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Chemical Type
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2.1.1 Fumigants
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2.1.2 Organophosphates
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2.1.3 Carbamates
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2.1.4 Bio-based Nematicides
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2.1.5 Other Chemical Types
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2.2 Application
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2.2.1 Crop-Based Nematicides
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2.2.1.1 Grains and Cereals Nematicides
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2.2.1.2 Oilseed-based Nematicides
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2.2.1.3 Fruits and Vegetables-based Nematicides
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2.2.2 Non-crop-based Nematicides
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2.2.2.1 Turf and Ornamental-based Nematicides
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2.2.2.2 Other Non-crop-based Nematicides
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Canada Nematicides Market Size FAQs
What is the current Canada Nematicides Market size?
The Canada Nematicides Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Canada Nematicides Market?
Bayer CropScience AG, American Vanguard Corporation, Buckman Laboratories International Inc., Syngenta International AG and Marrone Bio Innovations Inc. are the major companies operating in the Canada Nematicides Market.
