IMARC Group, a leading market research company, has recently releases report titled “Nematicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nematicides market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Nematicides Market?
The global nematicides market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
What are Nematicides?
Nematicides, chemical pesticides employed to eradicate plant parasitic nematodes (PPNs), which are minuscule worms that reside in soil or freshwater, are predominantly utilized by applying them to the soil. This method enhances their efficacy, minimizes contact with animals and humans, and safeguards young crop seedlings from nematode infestations during the growth stage. Given the significant impact, PPNs have on the quantity and quality of various valuable crops, nematicides are widely employed in the global agricultural sector.
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What are the growth prospects and trends in the nematicides industry?
The sales of nematicides are being positively influenced by the increasing concerns regarding crop losses caused by pest attacks. Currently, fenamiphos, a systemic nematicide effective against various types of nematodes, including ecto- and endoparasitic, free-living, cyst-forming, and root-knot nematodes, and ethoprop, a nonsystemic nematicide targeting soil-dwelling insects, are widely used worldwide.
Additionally, there is a significant upsurge in the utilization of fosthiazate, a contact-acting nematicide specifically designed to control potato cyst nematodes. Furthermore, non-fumigant nematicides can be applied at different stages of planting, such as before, during, or after, using methods like soil drenching, drip irrigation, or foliar spraying onto crop foliage. These applications effectively reduce nematode populations and safeguard crops from damage. Moreover, due to the health and environmental risks associated with several nematicides, there is a growing adoption of biological alternatives known as bionematicides.
These eco-friendly solutions are gaining considerable traction for the management of plant parasitic nematodes, particularly with the increasing emphasis on biological pest control. Leading industry players are also focused on developing selective, less toxic, and safer nematicides. Combined with the rising global population and the subsequent demand for food, these factors are expected to further drive market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chemical Type:
Breakup by Nematode Type:
- Root-knot Nematode
- Cyst Nematode
Breakup by Formulation:
- Emulsifiable Concentrates
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- American Vanguard Corporation
- BASF SE
- Bayer AG
- BioWorks Inc.
- Chr. Hansen Holding A/S
- Corteva Inc.
- FMC Corporation
- Isagro S.p.A.
- Marrone Bio Innovations Inc.
- Sumitomo Chemical Co. Ltd.
- Syngenta AG (China National Chemical Corporation)
- UPL Limited
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