Global Nematicides Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Type;
Fumigants, Organophosphate, Carbamate, Bio-based.By Crop Type;
Vegetables, Field Crops, Fruits, and Others.By Formulation;
Liquid, Granular or Emulsifiable Liquid, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Nematicides Market (USD Million), 2020 - 2030
In the year 2023, the Global Nematicides Market was valued at USD 1,770.74 million. The size of this market is expected to increase to USD 2,525.03 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
Global nematicides market is witnessing steady growth, driven by the increasing demand for high-quality agricultural produce and the rising awareness about crop protection. Nematicides play a crucial role in protecting crops from nematode infestations, which can cause significant yield losses. As farmers strive to improve crop yield and quality, the adoption of nematicides is expected to rise, contributing to the market's growth. Key trends shaping the market include the development of eco-friendly nematicides and the integration of technology in nematicide formulations. Manufacturers are focusing on producing nematicides that are effective against nematodes while being environmentally sustainable. Advancements in formulation technologies are leading to the development of nematicides with improved efficacy and longer residual activity, further driving market growth.
The market is also witnessing a shift towards integrated pest management (IPM) practices, which emphasize the use of multiple strategies, including nematicides, to manage pest populations sustainably. This approach is gaining traction among farmers and agricultural organizations seeking to reduce chemical inputs and minimize environmental impact. As the adoption of IPM practices increases, the demand for nematicides that are compatible with these strategies is expected to grow, driving further innovation in the market.
Global Nematicides Market Report Snapshot
Recent Development
- March 2022 - BioConsortia, Inc., a U.S.-based agricultural R&D company, announced the development and registration of two new nematicides upon its successful field trials on corn and other important crops. The new product controls nematodes and increases crop yields.
- December 2021 - BASF SE launched its first bionematicide in Brazil with the trade name Votivo Prime. The bionematicide is based on the bacterium Bacillus Firmus, which improves the root system and diminishes stresses on soybeans, rice, wheat, corn, and cotton. The product is safe to use in conjunction with chemicals and other biological insecticides.
Parameters | Description |
---|---|
Market | Global Nematicides Market |
Study Period | 2020 - 2030 |
Base Year (for Nematicides Market Size Estimates) | 2023 |
Drivers |
|
Restraints |
|
Opportunities |
|
Segment Analysis
This report extensively covers different segments of Global Nematicides Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Nematicides Segment Analysis
In this report, the Global Nematicides Market ,Segmented by Type, Crop Type, Formulation, and Geography.
Global Nematicides Market, Segmentation by Type
The Global Nematicides Market, Segmented by Type into Fumigants, Organophosphate, Carbamate, Bio-based.
Fumigants are broad-spectrum nematicide products where the active component transfers through the soil as a gas. Fumigants are not bound by soil or taken up by plants. Thus, they have a short period of residual pesticide activity and are highly effective compared to other types such as organophosphate and carbamate. In addition to killing plant-parasitic nematodes, they are effective against various soil-borne pests and pathogens. They are used to disinfect soil and reduce the risk of yield loss due to soil-borne pests in high-value crops like vegetables and fruits. Numerous advantages of fumigants are likely to support the segment's steady growth.
The bio-based segment is growing at the highest pace in the global market. The increasing popularity and adoption rate of bio-based nematocide products is predicted to be a favorable factor for market growth. The use of bio-based products is eco-friendlier and economical than chemical-based products, which is expected to increase the utilization of bio-based nematicide products in the forthcoming years.
Global Nematicides Market, Segmentation by Crop Type
Global Nematicides Market, Segmented by Crop Type into Vegetables, Field Crops, Fruits, and Others.
The vegetables segment is predicted to hold the largest market share due to the rising incidences of nematode infestation on numerous vegetables such as carrots, potatoes, and tomatoes. Nematode-infected roots become damaged and distorted, which hamper the quality and quantity of the product. Moreover, nematodes also aggravate the harmful effects of fungi and bacteria. Hence, vegetable crop growers use nematocide products to treat nematodes and avoid product losses. The increasing farmer inclination toward cultivating organic fruits, vegetables, and cereals is expected to boost the demand for bio-based nematicide products in the coming years.
The fruit segment is expected to witness significant growth, owing to the risk of plant-parasitic nematodes on the roots and leaves of fruit crops. Several types of nematodes are known to cause extensive root necrosis in fruit orchards, which results in significant economic losses. Major nematode pests that infect the fruit crop type are citrus, burrowing, and root-knot nematodes. Thus, nematode management is important for high yields and quality of fruit production, which further propels market growth.
Global Nematicides Market, Segmentation by Formulation
Global Nematicides Market , Segmented by Formulation into Liquid, Granular or Emulsifiable Liquid, and Others.
Liquid formulation of the product secured a larger revenue chunk, and the segment is anticipated to grow at a significant pace throughout the forecast period. The demand for liquid nematode control products is high among farmers across the globe owing to ease of application, convenience in the usage of the product, and evade any wastage or spoilage of the product due to contamination.
The granular or powder formulation of the product is also gaining traction among farmers due to the comparatively long shelf life, easy storage, and transport of the product.
Global Nematicides Market, Segmentation by Geography
In this report, the Global Nematicides Market , Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Nematicides Market Share (%), by Geographical Region, 2023
The market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa in terms of geography.
North America dominated the world market and stood at USD 510.86 million in 2021. North America is the leading market for nematode control products at present, and it is projected to hold a major proportion of the global market share during the foreseeable years. The growth in the North American market is mainly driven by the rising need to increase crop yield and quality, declining arable land, and the awareness regarding the product application to get high-quality yield. The demand for bionematicides is also rising due to growing organic farming and demand for organic food.The demand for nematode control products in Asia Pacific is predicted to remain promising due to the rising cultivation of high-value crops such as vegetables and fruits. As a result, numerous prominent market players operating in the global market are expanding their business in the region. For instance, in 2019, Bayer Crop Science AG announced the launch of nematicide for Australia. The product will help the farmers to control plant-parasitic nematodes. Moreover, high profit linked with the export of organic vegetables and fruits is forcing farmers to use bio-based nematocide products, which is another reason ascribed to the latent growth of the market within the region.
The demand for these crop protection solutions is rapidly increasing across South America due to rising yield loss. The increase in nematode attacks on major crops such as maize, vegetables, soybean, coffee, and many others can severely affect the yield quantity and quality, affecting the profit of growers. Moreover, these crops are easily infested by nematodes due to poor soil management and double cropping pattern. There has been a significant increase in nematocide product launches and approvals in South America. Leading agricultural nutrients companies are also relying on base expansion to strengthen their market position in the South American market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Nematicides Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers
- Growing Demand for Food Security
- Expansion of Commercial Agriculture
- Regulatory Support for Nematicide Use
-
Rising Investment in R&D Activities to Support Market Growth:- The growing focus of key players on developing innovative and new crop protection solutions has influenced them to invest in research and development, positively impacting the market growth. For instance, in May 2020, Syngenta introduced the TYMIRIUM technology platform brand. It is a revolutionary nematocides and fungicide technology developed for seed and soil applications. Syngenta's investment in innovation, such as TYMIRIUM technology, demonstrates its commitment to providing farmers with tools that help them sustainably increase production.
Rising investment in research and development (R&D) activities is a key driver for the growth of the global nematicides market. Companies are increasingly focusing on developing innovative nematicide formulations and technologies to enhance efficacy, reduce environmental impact, and meet regulatory requirements. This investment in R&D is driving the development of next-generation nematicides, which are expected to offer improved performance and sustainability compared to traditional products.
Restraints
- Regulatory Restrictions
- Health Risks
- Development of Resistance
-
High Environmental Risk Associated with the Use of Chemical Pesticides is Restricting Market Growth:- Pesticides are regarded as one of the most important components of agricultural production. Farmers have used them for centuries to control insects and weeds that reduce overall yield. Pesticide use has increased globally as agricultural production increased, raising concerns about environmental damage and calls to reduce the use of hazardous chemicals. However, repeated use of such chemically synthesized pesticides can negatively affect the environment and human health, potentially impeding the nematicides market growth.
The high environmental risk associated with the use of chemical pesticides, including nematicides, is a significant restraint on the market. Concerns over the negative impact of these chemicals on ecosystems, non-target organisms, and human health have led to stricter regulations and a shift towards more sustainable pest management practices. This has limited the use of chemical nematicides and created opportunities for environmentally friendly alternatives, thereby restricting market growth.
Opportunites
- Development of Bio-Based Nematicides
- Advancements in Formulation Technologies
- Expansion of Precision Agriculture
-
Increasing Adoption of Integrated Pest Management (IPM) Practices:- The increasing adoption of Integrated Pest Management (IPM) practices presents significant opportunities for the nematicides market. IPM emphasizes the use of multiple strategies, including biological control, cultural practices, and chemical treatments, to manage pest populations effectively while minimizing environmental impact. Nematicides that are compatible with IPM principles and offer targeted control of nematodes are likely to see increased demand as farmers seek more sustainable pest management solutions.
The adoption of IPM practices is driving the development of novel nematicide formulations and technologies. Manufacturers are investing in research and development to create nematicides that are effective, environmentally friendly, and compatible with IPM strategies. These innovative products have the potential to capture a larger market share as farmers increasingly prioritize sustainable agriculture practices.
Competitive Landscape Analysis
Key players in Global Nematicides Market include
- Bayer AG (Germany)
- UPL Limited (India)
- FMC Corporation (U.S.)
- Corteva Agriscience (U.S.)
- Syngenta (Switzerland)
- BASF SE (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
- Nufarm Limited (Australia)
- Marrone Bio Innovations (U.S.)
- American Vanguard Corporation (U.S.)
In this report, the profile of each market player provides the following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Crop Type
- Market Snapshot, By Formulation
- Market Snapshot, By Region
- Global Nematicides Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Demand for Food Security
- Expansion of Commercial Agriculture
- Regulatory Support for Nematicide Use
- Rising Investment in R&D Activities to Support Market Growth
- Restraints
- Regulatory Restrictions
- Health Risks
- Development of Resistance
- High Environmental Risk Associated with the Use of Chemical Pesticides is Restricting Market Growth
- Opportunities
- Development of Bio-Based Nematicides
- Advancements in Formulation Technologies
- Expansion of Precision Agriculture
- Increasing Adoption of Integrated Pest Management (IPM) Practices
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Nematicides Market, By Nematode Type, 2020 - 2030 (USD Million)
- Fumigants
- Organophosphate
- Carbamate
- Bio-based
- Global Nematicides Market, By Crop Type, 2020 - 2030 (USD Million)
- Vegetables
- Field Crop
- Fruits
- Others
- Global Nematicides Market, By Formulation, 2020 - 2030 (USD Million)
- Liquid
- Granular or Emulsifiable Liquid
- Others
- Global Nematicides Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Nematicides Market, By Nematode Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Bayer AG (Germany)
- UPL Limited (India)
- FMC Corporation (U.S.)
- Corteva Agriscience (U.S.)
- Syngenta (Switzerland)
- BASF SE (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
- Nufarm Limited (Australia)
- Marrone Bio Innovations (U.S.)
- American Vanguard Corporation (U.S.)
- Company Profiles
- Analyst Views
- Future Outlook of the Market
ReAnIn's Most Viewed Titles:
In the year 2023, the Global Pet Food Ingredients Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%
In the year 2023, the Global Pheromones Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%
In the year 2023, the Global Phytogenic Feed Additives Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%
In the year 2023, the Global NPK Fertilizers (feed-grade and food-grade) Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%