Global Nematicides Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Fumigants, Carbamates, Organophosphates, Bio-Based Nematicides), Application (Agricultural, Non-Agricultural), Form (Liquid, Granular), Mode Of Application (Irrigation, Spraying, Fumigation, Seed Treatment), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029

Updated On: January, 2024
ID: 1937
Pages: 175

Global Nematicides Market Size (2024 to 2029)

The global nematicides market size is expected to reach USD 1.42 billion in 2024 and reach USD 1.77 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.56 % during the forecast timeline from 2024 to 2029.

Nematicides are pesticides used to kill various types of worms like Nematodes. These Nematicides are usually applied in various ways like fumigants and Non-Fumigants. Fumigant Nematicides usually have high volatility and diffuse easily through the soil. Non-fumigant nematicides should be mixed carefully with the soil.

Market Drivers

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. Increasing the prevalence of infections and rising investments from administration bodies for agricultural purposes are driving the Nematicides Market. However, Environmental Hazards caused by synthetic Nematicides are restricting the growth of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.56%

Segments Covered

By Type, Form, Application, Mode of Application and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF SE, Bayer CropScience AG, The Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company

 

REGIONAL ANALYSIS

North America dominated the global market in terms of consumption owing to the rising demand for healthy food and a decrease in agricultural lands. Asia-Pacific is expected to be the fastest-growing region owing to the growing demand for food from a large population and increasing industrialization.

KEY MARKET PLAYERS

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 that are profiled are Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd., Ishihara Sangyo Kaisha Ltd., and Valent Corporation.

DETAILED SEGMENTATION OF THE GLOBAL NEMATICIDES MARKET INCLUDED IN THIS REPORT

This research report on the global nematicides market has been segmented and sub-segmented based on type, form, application, mode of application, and region. 

By Type

  • Fumigants
  • Carbamates
  • Organophosphates
  • Bio-based Nematicides

By Form

  • Liquid
  • Granular

By Application

  • Agricultural
  • Non-Agricultural

By Mode of Application

  • Irrigation
  • Spraying
  • Fumigation
  • Seed Treatment

By Region

  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa
  • North America

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Frequently Asked Questions

1. What is driving the growth of the nematicides market?

The growth of the nematicides market is primarily driven by increasing global population leading to higher demand for food, coupled with the rising prevalence of nematode infestations in agricultural crops. Additionally, technological advancements and the introduction of environmentally friendly nematicides are contributing to market growth.

2. What are the major challenges faced by the nematicides market?

One major challenge faced by the nematicides market is the regulatory restrictions on certain chemical nematicides due to their harmful effects on human health and the environment. Another challenge is the development of resistance to conventional nematicides in nematode populations, leading to reduced efficacy.

3. What are the current trends in the nematicides market?

Some current trends in the nematicides market include the shift towards biological and eco-friendly nematicides, the adoption of precision farming techniques for targeted application of nematicides, and the integration of nematicides with other pest management practices such as crop rotation and soil health management.

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