The Europe nematicides market is expected to reach USD 350.24 million in 2023 and is anticipated to reach USD 365.30 million in 2024 from USD 511.59 million by 2032, growing at a CAGR of 4.3% from 2024 to 2032.
Nematicide is a kind of pesticide used to kill parasites like nematodes. There are various types of nematicides. Some Nematicides are highly volatile and toxic, and hence, they are generally used as fumigants, while others are less volatile and hence should be mixed manually and applied through other methods.
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 land due to 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.
Europe is the second largest market after North America owing to the decrease in agricultural land because of industrialization and increase in demand for healthy food.
The key players in this market are BASF SE, Bayer CropScience AG, The 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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