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Global Nematicides Market to Reach US$ 1.84 Billion by 2027, Impelled by Rising Awareness Regarding Crop Losses

Published on Oct 19, 2022

The latest report by IMARC Group, titled “Nematicides Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global nematicides market size reached US$ 1.38 Billion in 2021. Nematicides, also known as nematocides, are chemical agents utilized to kill plant parasitic nematodes (PPNs), which are microscopic parasitic worms living in freshwater or soil. They are generally used on the soil to increase effectiveness, avoid the animal and human contact, and protect crop seedlings from nematode attacks during plant development. As PPNs pose a significant threat to the qualitative and quantitative production of cash crops, nematicides are widely utilized across the agriculture sector across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. 

Global Nematicides Market Trends:

The market is primarily driven by the rising awareness regarding crop losses due to pest attacks. In addition, the escalating demand for valuable crops and rapid urbanization are contributing to market growth. Moreover, the rising usage of fosthiazate, a contact-acting nematicide that controls potato cyst nematodes, is also positively influencing market growth. Besides this, various nematicides have been banned on account of their health and environmental hazards. As a result, biological nematicides, or bionematicides, are gaining popularity for the environment-friendly management of PPNs. This, coupled with the rapidly rising population and the consequent increasing need for food worldwide, is anticipated to propel market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 1.84 Billion by 2027, exhibiting a CAGR of 4.60% during the forecast period (2022-2027).

Market Summary:

  • Based on the chemical type, the market has been classified into fumigants, organophosphates, carbamates, and bio-nematicides.
  • On the basis of the nematode type, the market has been segmented into root-knot nematode, cyst nematode, and others. 
  • Based on the formulation, the market has been divided into liquid, granular, emulsifiable concentrates, and others. 
  • On the basis of the application, the market has been segregated into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others. 
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the industry has also been examined in the report, along with the key players being American Vanguard Corporation, BASF SE, Bayer AG, BioWorks Inc., and 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.
     

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