Nematicides Global Market Analysis, Trends, Growth, Research And Forecast 2033

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 in the historic period can be attributed to crop protection, agricultural productivity, soil health, global food demand, 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 growth in the forecast period can be attributed to organic farming, precision agriculture, climate change impacts, integrated pest management (ipm), alternative pest control methods. Major trends in the forecast period include sustainable agriculture certification, biological nematicides, research and innovation, data-driven decision-making, chemical nematicides.

Market Overview -
The nematicides market consists of sales of nematicides by entities (organizations, sole traders, and partnerships) that are chemically derived compounds that kill or hurt nematodes. Nematicides have generally been broad-spectrum toxicants with high volatility or other qualities that facilitate soil movement. These are used to kill parasitic worms including roundworms and threadworms.

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Surging Demand For High-Value Crops Fuels Growth In The Nematicides Market
The increasing demand for high-value crops is expected to propel the growth of the nematicides market going forward. High-value crops are those that give the farmer a better net return per hectare than high-yielding winter rice. This includes vegetables, potatoes, hybrid maize, fruits, and spices. Certain export criteria, particularly for high-value agricultural products, necessitate the removal of nematodes from various crops. For instance, according to The Economic Times, an India-based newspaper, the export demand for vegetables has increased by roughly 20% in the first quarter of 2020-21 compared to the pre-COVID level (2019). Moreover, according to Vegetable Growers Weekly, a US-based news magazine, fresh produce such as frozen fruits and vegetables, shelf-stable fruits, and shelf-stable vegetables generated $7.1 billion in sales in May 2021, up to $790 million from the previous year. Therefore, the increasing demand for high-value crops is driving the growth of the nematicides market.

Competitive Landscape -
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

Technological Advancements To Sustain Market Position
Technological advancements have emerged as a key trend gaining popularity in the nematicides market. Technological advancement is a discovery of knowledge that advances technology. Major companies operating in the nematicides sector are focused on developing new technological solutions to reinforce their position. For instance, in May 2021, Syngenta, a Switzerland-based agrochemical company introduced the TYMIRIUM technology platform brand, a new nematicide and fungicide technology that's being developed for seed and soil applications. TYMIRIUM technology, which is based on the active component cyclobutrifluram, provides long-term protection against a wide range of nematode pests and illnesses across all significant crops and geographies.

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Key Segments -

The nematicides market covered in this report is segmented -

1) By Type: Fumigants, Bio Nematicides, Organophosphates, Carbamates, Other Types
2) By Form: Granular Or Powder, Liquid
3) By Crop Type: Fruits and Vegetables, Oilseeds, Cereals and Grains, Other Crop Types
4) By Application: Fumigation, Soil Dressing, Drenching, Seed Treatment, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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