The latest research study “Nematicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global nematicides market reached a value of US$ 1.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.84 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Nematicides are chemical insecticides used to kill microscopic parasitic worms such as plant parasitic nematodes (PPNs), which live in soil or freshwater. They are generally spread on the soil to maximize effectiveness, prevent contact with humans and animals, and protect crop seedlings from nematode attacks during plant development. As a result, nematicides find extensive applications in the agriculture sector as PPNs are a significant threat to the quantitative and qualitative production of several cash crops.
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Nematicides Market Trends and Drivers:
The global nematicides market is primarily driven by surging concerns regarding agricultural losses due to pest infestations. Moreover, the rising use of fosthiazate, a contact-acting nematicide that kills potato cyst nematodes, is positively influencing market growth.
Additionally, there has been a rise in the adoption of biological nematicides as numerous nematicides have been banned due to their human health and environmental hazards. In line with this, the increasing importance of biological control of pests is contributing to market growth. Besides this, the escalating usage of non-fumigant nematicides before, during, and after planting via soil drenching, drip irrigation, or spraying onto the crop foliage to reduce population densities of nematodes and protect crops from damage has catalyzed the market growth.
Furthermore, several key players are focusing on developing selective, less toxic, and safer-to-use nematicides. Other factors, including the rising population, ongoing research and development (R&D) activities, and surging need for food, are also anticipated to drive the market further.
Global Nematicides Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
American Vanguard Corporation, BASF SE, Bayer AG, BioWorks Inc., Chr. Hansen Holding A/S, Corteva Inc., FMC Corporation, Isagro S.p.A., Marrone Bio Innovations Inc., Sumitomo Chemical Co. Ltd., Syngenta AG (China National Chemical Corporation) and UPL Limited.
The report has segmented the market on the basis of region, chemical type, nematode type, formulation and application.
Breakup by Chemical Type:
- Fumigants
- Organophosphates
- Carbamates
- Bio-Nematicides
Breakup by Nematode Type:
- Root-knot Nematode
- Cyst Nematode
- Others
Breakup by Formulation:
- Liquid
- Granular
- Emulsifiable Concentrates
- Others
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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