The Asia-Pacific nematicides market size is expected to reach USD 332.85 million in 2024 and reach USD 441.24 million by 2029, growing at a CAGR of 5.8% during the forecast period from 2024 to 2029.
Nematicides are a type of pesticide used to kill plant-parasitic Nematodes. Nematicides are generally two types namely Synthetic and bio nematicides. The use of bionematicides has grown tremendously in recent years owing to the increased awareness of the adverse effects of Synthetic nematicides on the environment.
Nematicides increase the fertility of the soil aside from protecting plants from parasites. This trait is driving the market significantly owing to the decreasing agricultural lands because of the growing industrialization. The increasing prevalence of infections and rising investments from administration bodies for agricultural purposes are driving the nematicides market. However, Environmental Hazards caused by synthetic Nematicides is restricting the growth of the market.
Asia-Pacific is expected to be the fastest-growing region owing to the growing demand for food from a large population and increasing industrialization.
The key players in this market are BASF SE, Bayer CropScience AG, Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company. The other companies which are profiled are Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd., Ishihara Sangyo Kaisha Ltd., and Valent Corporation.
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