United States Nematicides Market

United States Nematicides Market Overview:

The United States nematicides market size reached USD 449.6 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 628.86 Million by 2032, exhibiting a growth rate (CAGR) of 3.50% during 2024-2032. The market is primarily driven by the growing crop infestations, rising demand for high-quality agricultural produce, increasing demand for organic food products, and advancements in biodegradable nematicides that align with environmental safety regulations.

United States Nematicides Market Trends:

Increasing Demand for Organic Food

According to the Organic Trade Association (OTA), the growth of organic agriculture in the United States continues to surge, with organic food sales surpassing $60 billion for the first time in 2022, reaching a new peak for the robust organic sector. Additionally, the total sales of organic products, encompassing non-food items as well, hit a record high of $67.6 Billion, as revealed by the 2023 Organic Industry Survey conducted by the OTA. As the market for organic products expands, the need for farming inputs increases which complies with organic standards. Additionally, biological nematicides, permitted under these standards, have become increasingly popular among organic farmers. These nematicides are derived from natural sources and are less harmful to the environment and human health compared to their synthetic counterparts. Moreover, the shift toward organic and sustainable farming practices meets consumer demand for cleaner products and drives the demand for organic-compliant nematicides. As more farmers convert to organic methods, the market for these environmentally friendly solutions continues to grow, further driving the increasing consciousness around health and environmental sustainability.

Increasing Crop Losses Due to Nematode Infestations

Increasing crop losses attributed to nematode infestations significantly propel the demand for nematicides in the U.S. agricultural sector. For instance, as per the U.S. Department of Agriculture (USDA), plant-parasitic nematodes are responsible for inflation-adjusted crop losses in the USA that are estimated to reach around $10 Billion each year. Such substantial economic losses spotlight the critical need for effective solutions that can mitigate the impact of nematodes on agriculture. As a result, there is a heightened emphasis on the development and use of nematicides. These chemical agents are specifically designed to target and eliminate nematodes, thereby safeguarding crops from their destructive effects. Moreover, the growing financial toll of nematode-induced crop damage compels farmers to invest in these products as a vital component of their pest management strategies. Furthermore, the increasing reliance on nematicides is further driven by their proven efficacy in preserving crop health and improving yield outcomes. As the market for these products expands, agricultural producers continue to recognize nematicides as essential tools for maintaining economic stability and meeting the demands of production. This ongoing battle against nematode infestations fuels the growth of the nematicide market and underscores the importance of continuous innovation in pest control technologies to adapt to evolving agricultural challenges.

United States Nematicides Market News:

• 13 September 2023, Corteva, a notable agricultural chemical and seed company based in Indianapolis, Indiana, U.S. has introduced Reklemel active, an innovative nematicide designed to safeguard diverse food and row crops from damage caused by plant-parasitic nematodes, while preserving the beneficial organisms in the soil. This product is the culmination of over ten years of dedicated research and development by Corteva.
• 25 June 2024, Syngenta USA, North Carolina, disclosed the pending registration of two new active ingredients with the Environmental Protection Agency (EPA) for inclusion in its Professional Solutions markets. The company plans to introduce Isocycloseram, a broad-spectrum insecticide, under the brand name PLINAZOLIN technology. Additionally, cyclobutrifluram, which serves as a nematicide and fungicide, will be launched as TYMIRIUM technology.

United States Nematicides Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on chemical type, formulation, and application type.

Chemical Type Insights:

• Halogen Compounds and Other Fumigants
• Organophosphate
• Carbamate
• Bio-Based Nematicide
   

The report has provided a detailed breakup and analysis of the market based on the chemical type. This includes halogen compounds and other fumigants, organophosphate, carbamate, and bio-based nematicide.

Formulation Insights:

• Gaseous Formulations
• Liquid
• Granules or Emulsifiable Liquid
• Others
   

A detailed breakup and analysis of the market based on the formulation have also been provided in the report. This includes gaseous formulations, liquid, granules or emulsifiable liquid, and others.

Application Type Insights:

• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application type. This includes grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others.

Regional Insights: 

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.  

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Nematicides Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States nematicides market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States nematicides market?
• What is the breakup of the United States nematicides market on the basis of chemical type?
• What is the breakup of the United States nematicides market on the basis of formulation?
• What is the breakup of the United States nematicides market on the basis of application type?
• What are the various stages in the value chain of the United States nematicides market? 
• What are the key driving factors and challenges in the United States nematicides?
• What is the structure of the United States nematicides market and who are the key players?
• What is the degree of competition in the United States nematicides market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States nematicides market from 2018-2032
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States nematicides market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States nematicides industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.