Nematicides Global Market Report 2024

The nematicides market comprises sales of nematicides, which are chemically derived compounds used to kill or harm nematodes, including parasitic worms such as roundworms and threadworms. Nematicides have traditionally been broad-spectrum toxicants with high volatility or other qualities that facilitate soil movement.

The main types of nematicides in the market include fumigants, bio-nematicides, organophosphates, carbamates, and others. Fumigants are highly volatile nematicides that move quickly through the air gaps between soil particles. Their mobility may be limited if soil pore spaces or pore necks are filled with water. Nematicides are available in various forms, including granular or powder, liquid, and are used across different crop types, such as fruits and vegetables, oilseeds, cereals and grains, and others. They find application in various agricultural practices, including fumigation, soil dressing, drenching, seed treatment, and others.

The nematicides market research report is one of a series of new reports that provides nematicides market statistics, including nematicides industry global market size, regional shares, competitors with a nematicides market share, detailed nematicides market segments, market trends and opportunities, and any further data you may need to thrive in the nematicides industry. This nematicides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nematicides market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period in the nematicides market can be attributed to factors such as crop protection, enhancement of agricultural productivity, maintenance of soil health, the global demand for food, and regulatory support.

The nematicides market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period for the nematicides market can be attributed to factors such as the increasing adoption of organic farming practices, the implementation of precision agriculture techniques, the impacts of climate change on pest management, the promotion of integrated pest management (IPM), and the exploration of alternative pest control methods. Key trends expected during this period include the rise of sustainable agriculture certification, the development of biological nematicides, an emphasis on research and innovation, the incorporation of data-driven decision-making, and the evolving landscape of chemical nematicides.

The nematicides market is anticipated to experience growth due to the increasing demand for high-value crops. High-value crops, which yield a better net return per hectare compared to high-yielding winter rice, include vegetables, potatoes, hybrid maize, fruits, and spices. Meeting export criteria for high-value agricultural products often requires addressing nematode issues in various crops. For example, The Economic Times reported a 20% increase in export demand for vegetables in the first quarter of 2020-21 compared to pre-COVID levels in 2019. Additionally, Vegetable Growers Weekly highlighted a $7.1 billion increase in sales of fresh produce such as frozen fruits and vegetables, shelf-stable fruits, and shelf-stable vegetables in May 2021 compared to the previous year. Consequently, the rising demand for high-value crops is a key driver of the nematicides market.

The nematicides market is expected to witness growth propelled by the increasing prevalence of crop pests. Crop pests, including insects, fungi, bacteria, viruses, nematodes, rodents, or weeds, contribute to reduced agricultural yields and economic losses. Nematicides play a crucial role in crop pest control by protecting crops from nematodes, improving crop quality, and enhancing plant health. In 2021, agricultural production statistics by the Food and Agriculture Organization (FAO) revealed that pests caused losses of $220 billion, affecting up to 40% of the world's crops. This trend is expected to persist, emphasizing the role of nematicides in addressing crop pests and driving market growth.

Technological advancements are emerging as a prominent trend in the nematicides market, with major companies focusing on innovative solutions. In May 2021, Syngenta introduced the TYMIRIUM technology platform brand, a new nematicide and fungicide technology designed for seed and soil applications. Based on the active component cyclobutrifluram, TYMIRIUM technology offers long-term protection against a broad range of nematode pests and diseases across major crops and geographical regions.

Major companies in the nematicides market are actively developing sustainable products to meet the increasing demand. Sustainable nematicides, which are environmentally-friendly and effective solutions for managing nematode pests, contribute to long-term soil health while minimizing ecological harm. For instance, Corteva Agriscience launched Lumialza in December 2022, the first biological nematicide for seed treatment. Lumialza serves a crucial role in nematode control, offering farmers a biological alternative and promoting sustainable agriculture by reducing dependence on chemical pesticides.

In May 2021, ADAMA Ltd. acquired a 51% stake in Jiangsu Huifeng Bio Agriculture Co., Ltd., a move aimed at enhancing ADAMA's commercial presence in the Chinese crop protection industry. Jiangsu Huifeng Bio Agriculture Co., Ltd., a Chinese company specializing in the research, development, and production of agrochemical products, became a significant part of ADAMA's strategic initiatives for undisclosed terms.

Major companies operating in the nematicides market include Adama Agricultural Solutions Ltd., BASF SE, Bayer Crop Science AG, Certis L.L.C, Corteva Inc., Crop IQ Technology Group, Horizon Group, Isagro Group, Marrone Bio Innovations Inc., Nufarm Limited, Syngenta AG, Dow Inc., UPL Limited, Valent L.L.C, Agri Life, BioWorks Inc., Brandt Consolidated Inc., Chr. Hansen Holding A/S, American Vanguard Corporation, FMC Corporation, Monsanto Company, Sumitomo Chemical Co. Ltd., Camson Bio Technologies Limited, Terramera Inc., Gowan Company LLC, AgBiome Inc., Novozymes A/S, Verdesian Life Sciences LLC, NemaLife Sciences LLC, AgroLiquid LLC, BioSafe Systems LLC

North America was the largest region in the nematicides market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nematicides market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the nematicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The nematicides market consists of sales of natural nematicides and chemical nematicides. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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