Global Nematicides Market Overview
Nematicides Market Size was valued at USD 1,903.64 million in 2022. The Nematicides industry is projected to grow from USD 2,039.95 million in 2023 to USD 4,020.69 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.83% during the forecast period (2023 – 2032). The increasing demand for bio-based nematicides owing to the various benefits provided by it such as ease of handling as well as ensuring lower risk of contamination to applicators is a vital factor boosting its market growth.by the end of that year. More than 15,000 different species of roundworms are collectively referred to as nematodes in science. Nematode species that destroy crops are typically quite small. Plants’ flowers, leaves, stems, and roots are all vulnerable to nematicides market. Root lesions, root knots, and stunted root systems are caused by nematodes attacking the roots, which causes the crop to fail.
To feed on plants, nematodes assault them. Nematodes can therefore severely harm plants by consuming their fruits and blossoms, which affects yield. To manage and eliminate nematodes, utilise nematicides.
The global nematicides market is anticipated to expand because of nematicides’ ability to boost nutrient uptake and water use efficiency, which lowers the cost of fertilisers and irrigation and increases crop yields. The worldwide nematicides market is predicted to increase as integrated pest control is increasingly used throughout the world and nematicides’ advantages become more widely known. The development of the worldwide nematicides market, however, may be constrained by the damaging effects of synthetic nematicides on soil.
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Halogen compounds and other fumigants are applied more frequently than organophosphate and carbamate because soil fumigation is a widely used method for preventing root-knot nematodes in vegetable crops.
Farmers are, however, increasingly using liquid nematicides that are non-fumigant because to growing worries about the impact on the environment and public health.
Key Players identified in the nematicides market include : BASF SE (Germany), ,Bayer Cropscience AG (Germany), ,The DOW Chemical Company (US), ,The Monsanto Company (US), ,Syngenta AG (Switzerland), ,FMC Corporation (US), ,ADAMA Agricultural Solutions Ltd. (Israel), ,Ishihara Sangyo Kaisha Ltd. (Japan), ,Valent USA (US), ,Simbiose Agrotecnologia Biologica (Brazil), ,Marrone Bio Innovations Inc. (US), ,American Vanguard Corporation (US), ,Isagro Group Spa (Italy), ,Nufram Limited (Australia), ,Sumitomo Chemical Co., Ltd (Japan)
The market for nematicides has been divided into segments by kind, form, crop type, application mode, and geography.
The global nematicides market has been divided into categories based on kind, including fumigants, carbamates, organophosphates, and others.
Based on form, the worldwide nematicides market has been divided into two categories: liquid and dry.
Depending on the kind of crop, the global nematicides market has been segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others.
The global nematicides market has been segmented into seed treatment, irrigation, fumigation, and others based on the method of application.
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Four major regions have been examined in depth: North America, Europe, Asia-Pacific, and the rest of the globe. The US, Canada, and Mexico have each been given their own segment of the North American nematicides market. The United Kingdom, Germany, France, Italy, Spain, and the rest of Europe are included in the classification of the European nematicides market. The markets for nematicides in China, India, Japan, Australia, New Zealand, and the rest of Asia-Pacific have been separated. In the remainder of the world, the nematicides market has been divided into South America, the Middle East, and Africa.
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