The Middle East and Africa Nematicides market is expected to reach USD 1.00 billion in 2024 and reach USD 1.17 billion by 2029, growing at a CAGR of 3.2% from 2024 to 2029.
Nematicides are a type of pesticide used to kill plant-parasitic Nematodes. Nematicides usage will increase tremendously in the future owing to the increasing demand for healthy food. The use of Bio Nematicides has been growing 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 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.
The fumigant segment dominated the market in 2020 owing to its use for high-value crops.
Geographically, market is segmented into Middle east and Africa. Middle East and Africa has an untapped market and is expected to grow in the future.
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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