Global Nematicides Market Report and Forecast 2024-2032

Global Nematicides Market Outlook

The global nematicides market size reached a value of more than USD 1.42 million in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 4%, owing to the increase in the preference towards organic food products.

Key Trends in the Market

Nematicide is a term used to describe a kind of chemical pesticide used to eradicate plant-parasitic nematodes. These pesticides should only be used by skilled applicators who are aware of the hazards as they are known to be highly dangerous. These substances can be used to control nematode populations and infestations with different formulations and application methods. Nematicides are broad-spectrum poisons with high volatility and other characteristics that encourage soil mobility. 

• One of the key factors propelling the growth of the nematicides market is the rise in consumer preference for organic food items. Demand for high-quality food and rising consumer buying power are some of the factors that are projected to drive the global market for nematicides.

• The rising trend of bio-nematicides due to the increasing adoption of sustainable agricultural methods is further supporting the growth of the market. There is increased focus on integrated pest management strategies and funding by governments for the creation of bio-nematicides as alternatives to traditional synthetic pesticides.

• The market for nematicides is also positively impacted by the growth in pollution incidents, increasing demand for high-value crops, increased use of diverse biological products, growing environmental concerns, and agricultural losses from insect infestations.

• Additionally, in the projection period, the use of biologicals to gain traction and the rise in demand for customised solutions aimed at certain pests, provide lucrative prospects to market participants.

Global Nematicides Market Analysis 

Based on chemical type, the market is segmented into fumigants, organophosphates, carbamates, and bio-nematicides. The market on the basis of nematode type can be divided into root-knot nematode and cyst nematode, among others. On the basis of formulation, the market is bifurcated into liquid and granular, among others. Based on application, the market can be segmented into grains and cereals, pulses and oilseeds, commercial crops, and fruits and vegetables, among others. The regional markets for nematicides can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global nematicides market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• Bayer AG

• FMC Corporation

• Syngenta

• ADAMA Agricultural Solution Ltd.

• Marrone Bio Innovations, Inc.

• UPL Limited

• Others

Market Share by Chemical Type

In the forecast period, the bio nematicides chemical type is anticipated to grow at the fastest rate. With increased consumers awareness of the value of growing natural foods, there are now more viable farming and integrated pest management options available. This has sparked interest in biocontrol products like pheromones, bio fungicides, biopesticides, and bionematicides, among others, thus aiding the nematicides market development. 

Additionally, in recent years, there has been a growing demand for biological nematicides, particularly as a result of the global adoption of integrated pest management (IPM) strategies and sustainable farming practises. Since they are simple to use, biological nematicides have a decreased risk of application-related contamination. Bio-nematicides don't pollute the environment by leaving residues in the soil, which helps the segment flourish.

Market Share by Region

North America is anticipated to become a sizable regional market for the consumption of nematicides due to rising food demand and a reduction of arable land. Farmers are employing nematicides because of the presence of various nematode species causing harm to a variety of crops.

In the upcoming years, it is also projected that growing agrochemical and agricultural activities in the Asia Pacific region will likely provide lucrative opportunities for nematicides market expansion in the region. Due to the reduction of arable land due to industrialisation, demand for nematicides from China and India has increased. 

Additionally, the market is expanding due to the increasing nematode infestations in a variety of vegetables, such as potatoes, tomatoes, peas, and carrots, in various developing nations, such as China and India. The market is further being stimulated by rising consumer demand for sustainable fruits and vegetables as well as growers' and farmers' awareness of the benefits of the applications of nematicides.

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Competitive Landscape

Bayer AG, with its global headquarters in Germany and more than 150 years of history, is a life science corporation with core capabilities in healthcare and agriculture. Established in 1863, Bayer offers ground-breaking treatments, cures, and preventative measures for illnesses.

FMC Corporation, an agricultural sciences corporation with its headquarters in the United States, offers producers solutions with a product portfolio supported by a market-driven pipeline for discovery and development in crop protection, crop enhancement, and professional pest and turf management. Crop protection products from the company include biologicals, crop nutrition, and digital and precision agriculture.

Syngenta was created in 2000 and is a multinational, science-based agtech firm comprising of Crop Protection and Seeds business groups. The business strives to be the most trustworthy and collaborative team in agriculture, offering cutting-edge seeds and crop protection technology to boost farmers' profitability.

Other market players include ADAMA Agricultural Solution Ltd., Marrone Bio Innovations, Inc., and UPL Limited, among others.

Key Highlights of the Report