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 report, share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Nematicides
Nematicides are chemical or biological agents used to control, manage, or eradicate nematodes, which are known to infest soil and plant root systems. They are classified into chemical nematicides, which consist of synthetic compounds that kill or repel nematodes, and biological nematicides, which employ beneficial organisms like nematophagous fungi or bacteria to control nematode populations. They are also available as fumigants like methyl bromide and 1,3-dichloropropene, which are gaseous nematicides that penetrate the soil to control nematodes. Nematicides can be applied through various methods, including soil drenching, soil incorporation, and foliar application. They help protect plants, resulting in higher agricultural productivity, and prevent nematodes from causing deformed or stunted plant growth, reducing the overall quality of crops. They can indirectly control these diseases by reducing nematode populations. They align with sustainable farming practices by minimizing harm to the environment and non-target species.
How Big Is the Nematicides Market?
The global nematicides market size reached US$ 1.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.92 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
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What are the growth prospects and trends in the nematicides industry?
At present, the increasing adoption of precision agriculture practices and advanced farming technologies, such as soil testing, remote sensing, and data analytics, is propelling the use of nematicides, as they are integrated into integrated pest management (IPM) strategies. Besides this, the rising consumption of healthy diets consisting of vegetables and fruits is contributing to the market growth.
In addition, the growing emphasis on sustainable and eco-friendly farming practices is encouraging farmers to utilize bio-based and organic nematicides. Apart from this, the rising effects of climate change and its impact on pest populations, along with shifting pest profiles and geographies, are heightening the need for effective nematicides. Climate-induced alterations in temperature and precipitation patterns are influencing the distribution and prevalence of nematodes, necessitating the development of nematicides tailored to these changing conditions.
Furthermore, the rising awareness and concerns about food safety and quality, driven by consumers and regulatory bodies, are increasing the adoption of nematicides to ensure that agricultural products meet stringent safety standards. Moreover, the advancements in formulation techniques, such as controlled-release formulations and microencapsulation, are enhancing the efficiency and efficacy of nematicides.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chemical Type:
- Fumigants
- Organophosphates
- Carbamates
- Bio-Nematicides
Breakup by Nematode Type:
- Root-knot Nematode
- Cyst Nematode
- Others
Breakup by Formulation:
- Liquid
- Granular
- Emulsifiable Concentrates
- Others
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
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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