The Nematicides Market is projected to reach $3.58 billion by 2030, at a CAGR of 8.9% during the forecast period of 2023–2030. In terms of volume, the nematicides market is projected to reach 182,932.2 tons by 2030, at a CAGR of 8.5% during the forecast period of 2023–2030. The growth of this market is driven by the rising demand for organic foods, growing environmental concerns, and market players’ focus on product launches and acquisitions. However, the lack of awareness and low adoption of bionematicides and stringent and non-standardized regulations restrain the growth of this market. Moreover, emerging markets in Asia-Pacific and Latin America and the growing adoption of biological seed treatments are expected to generate growth opportunities for the players operating in this market. However, the limited availability of bionematicides is a challenge for market stakeholders. Additionally, the growing utilization of sustainable agricultural inputs is a major trend in the nematicides market.
Key Players
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies they adopted in the last 3–4 years. Some of the key players operating in the global nematicides market are American Vanguard Corporation (U.S.), BASF SE (Germany), Bayer AG (Germany), Biobest Group NV (Belgium), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Gowan Company, LLC. (U.S.), Nufarm Limited (Australia), Pro Farm Group Inc. (U.S.), Syngenta AG (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), and UPL Limited (India).
Growing Environmental Concerns Fuel the Growth of the Nematicides Market
The heavy use of synthetic agricultural inputs has raised environmental concerns due to the serious damage caused to freshwater flora and fauna. The extensive use of synthetic agricultural inputs directly affects the environment as residues of chemical pesticides/substances stay in the soil and cause soil pollution, contaminate surface and groundwater, or get released into the atmosphere through vitalization. These residues left in the soil emit methyl bromide and hydrogen cyanide into the environment, leading to hazardous effects such as depleting the ozone layer, thereby contributing to global warming and causing respiratory, neurological, and skin problems. Growing awareness about the adverse effects of agrochemicals on plant physiology, soil quality, animals, and human beings has boosted the use of sustainable farming practices and, thereby, the demand for biological chemicals.
Biological chemicals are natural products derived from microorganisms, plant extracts, beneficial insects, and organic matter. They are valuable tools for growers and are highly effective in managing pests and diseases without negatively impacting the environment. Additionally, their active and inert ingredients are generally considered safe. Besides the microbial content, the carrier media used to formulate biologicals consists of several organic materials, such as animal broth or organic waste, which are biodegradable.
Besides the impacts on human health, chemicals significantly damage the environment. There have been many cases around the world where the freshwater used for agriculture was polluted due to harmful pesticides, severely harming freshwater flora and fauna. Therefore, many environmental organizations, such as the Environmental Protection Agency (EPA), oppose pesticide use. A recent study conducted by researchers from the Public Health Institute, the California Department of Health Services, and the UC Berkeley School of Public Health found a six-fold increase in the risk for autism spectrum disorders (ASD) among children of women exposed to organochlorine pesticides.
Bionematicides are always safer and easier on the environment than chemical nematicide products. In direct contrast to chemicals that offer broad sweeping coverage (non-selective), negatively impacting insects, birds, and any other organisms that may come into contact with them, bionematicides are often formulated to only affect the target pest and closely related organisms (selective). Bionematicides contain natural organisms/products and are, therefore, less harmful to the environment and human health. Bionematicides have gained much significance in pest management and have since long been promoted as prospective alternatives to synthetic nematicides.
As a result, the global demand for bionematicides is expected to continue to rise as more farmers recognize the importance of environmental safety and sustainable farming methods.
Key Findings in the Nematicides Market Study:
In 2023, the Chemical Nematicides Segment to Dominate the Nematicides Market
Based on type, the global nematicides market is segmented into chemical nematicides (organophosphates, carbamates, fumigants, and other chemical nematicides) and biological nematicides (microbial nematicides {bacillus species, paecilomyces lilacinus, and other microbial nematicides} and biochemical nematicides). In 2023, the chemical nematicides segment is expected to account for a larger share of the global nematicides market. The large market share of this segment is attributed to the rising global food demand, the need for high crop yields, the increase in nematode infestation in crops, and the demonstrated efficacy of nematicides in controlling these pests.
Click here to: Get Free Sample Pages of this Report
However, the biological nematicides segment is slated to register a higher CAGR during the forecast period of 2023–2030. The growth of this segment is driven by the increasing adoption of organic farming practices, growing environmental and public health concerns related to the use of chemical nematicides, high demand for chemical residue-free agricultural products, the increasing use of integrated pest management technologies and sustainable agriculture methods, and government initiatives aimed at promoting the use of biological nematicide products.
In 2023, the Liquid Segment to Dominate the Overall Nematicides Market
Based on form, the global nematicides market is segmented into liquid and dry. In 2023, the liquid segment is expected to account for a larger share of the nematicides market. The large market share of this segment is attributed to the benefits offered by liquid nematicides, such as ease of uniform application, superior performance, extended effectiveness, and their growing significance in modern irrigation techniques such as drip irrigation and sprinkler irrigation.
Moreover, this segment is projected to register a higher CAGR during the forecast period of 2023-2030 due to the lower dosage requirement of liquid nematicides compared to fumigant nematicides (typically requiring only a few kilograms of active ingredients per hectare) and their straightforward application without the need for specialized equipment.
In 2023, the Root-knot Nematodes Segment to Dominate the Overall Nematicides Market
Based on nematode type, the global nematicides market is segmented into root-knot nematodes, cyst nematodes, lesion nematodes, and other nematodes. In 2023, the root-knot nematodes segment is expected to account for the largest share of the global nematicides market. The large market share of this segment is mainly attributed to the growing demand for nematicides to control root-knot nematodes due to the high prevalence of root-knot nematodes in crops worldwide.
Moreover, the segment is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is driven by advancements in nematicide formulations and increasing awareness about the benefits of using nematicides.
In 2023, the Soil Treatment Segment to Dominate the Overall Nematicides Market
Based on mode of application, the global nematicides market is segmented into soil treatment, seed treatment, fumigation, and other modes of application. In 2023, the soil treatment segment is expected to account for the largest share of the global nematicides market. The large share of this segment is mainly attributed to the benefits of soil treatment, such as preventing the spread of nematodes to non-infested areas and minimizing the risk of additional crop damage. Additionally, the easy availability of nematicide products designed for soil application further contributes to the segment’s large market share.
However, the seed treatment segment is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is driven by the growing demand for nematicides to control nematode infestation in seeds. Furthermore, advancements in seed treatment technologies and the growing awareness regarding the benefits offered by seed treatment are expected to drive the growth of this segment during the forecast period 2023–2030.
In 2023, the Cereals & Grains Segment to Dominate the Overall Nematicides Market
Based on crop type, the global nematicides market is segmented into cereals & grains (maize/corn, wheat, and other cereals & grains), fruits & vegetables, oilseeds & pulses, and other crops. In 2023, the cereals & grains segment is expected to account for the largest share of the global nematicides market. The large share of this segment is mainly attributed to rising disposable incomes and the increasing demand for ready-to-eat cereal products such as cornflakes and muesli. In addition, major cereal-based snack manufacturers are adopting contact farming strategies through backward integration to ensure quality, quantity, and price benefits. These factors are expected to drive the utilization of nematicides in the cultivation of cereals and grains, supporting the growth of this segment.
However, the fruits & vegetables segment is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is driven by the increase in fruit and vegetable production globally, the rising prevalence of nematode infestations impacting fruit and vegetable crops, and the growing demand for chemical-free organic fruits and vegetables.
North America: The Dominating Regional Market for Nematicides
Based on geography, the global nematicides market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global nematicides market. North America’s large share is attributed to the rise in the demand for crops with the growing population, decreasing arable land area, the presence of major market players, the increasing adoption of precision farming techniques, the rising awareness about nematicide usage to get high-quality and high-yield crops, the growing demand for bio nematicides due to growing organic farming and the demand for organic food, and the adoption of innovative products and technologies in the agricultural industry.
However, Europe is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this regional market is driven by the rising population, decreasing arable land, advances in farming practices and technology, increasing government initiatives to boost organic farming, the rising adoption of bionematicides, and growing investments in R&D activities.
Scope of the Report:
Nematicides Market Assessment, by Type
- Chemical Nematicides
- Organophosphates
- Carbamates
- Fumigants
- Other Chemical Nematicides
- Biological Nematicides
- Microbial Nematicides
- Bacillus Species
- Paecilomyces Lilacinus
- Other Microbial Nematicides
- Biochemical Nematicides
Nematicides Market Assessment, by Form
Nematicides Market Assessment, by Nematode Type
- Root-knot Nematode
- Cyst Nematode
- Lesion Nematodes
- Other Nematodes
Nematicides Market Assessment, by Mode of Application
- Soil Treatment
- Seed Treatment
- Fumigation
- Other Modes of Application
Nematicides Market Assessment, by Crop Type
- Cereals & Grains
- Maize/Corn
- Wheat
- Other Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Other Crops
Nematicides Market Assessment, by Geography
- North America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Thailand
- Vietnam
- Indonesia
- Malaysia
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America (RoLATAM)
- Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe (RoE)
- Middle East and Africa
Key Questions Answered in the Report: