Market Trends of Canada Nematicides Industry
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.
Canada Nematicides Market is segmented by Chemical Type into Fumigants, Organophosphates, Carbamates, Bio-based Nematicides, and Other Fumigants
On the basis of chemicals, nematicides can be segmented into: fumigants, organophosphates, carbamates, bio-based nematicides, etc. The carbamate-based nematicides occupy the largest market share in the Canadian nematicide market, followed by nematicides with other chemical types, such as benzamides, phosphides, carbides, pyrroles, and silicides. Adoption of integrated pest management techniques is increasing the market share of the bio-based nematicides segment, which is estimated to be the fastest-growing segment during the forecast period, which is anticipated to register a CAGR of 7%.
