Global Nematicides Market

Global Nematicides Market Overview:

Nematodes are small wormlike creatures that reside in the soil and inflict damage to crop production, and farmers employ nematicides to destroy nematodes that are toxic chemicals. Nematodes are tiny particles and granules located in the root’s bottom that inhibit plant development. Nematicides could also be used in solid or liquid form mainly in the production of grain production, fruit and vegetables, rice, crops, and other farm items. Nematicide, which is widely used, is aldicarb. However, in developed economies, aldicarb use is prohibited due to the enormous threat it poses to humans. Nematicides systems are consisting of both commercial and agrochemical products. There are some known natural nematicides. An environmentally friendly polysulfide drug extracted from garlic is licensed for use as a nematicide in the European Union and the UK.

Global Nematicides Market Insights

The global nematicides market size was valued at USD 1.26 billion in 2019 and projected to reach USD 1.63 billion by 2027, growing at a CAGR of 3.27% during the forecast period of 2020-2027 across the globe. The rising demand for nematicides to destroy nematodes to avoid declines of vegetables and other crops are projected to fuel the development of the global market for nematicides over the forecast era. In addition, the increasing population has resulted in strong demand for foodstuffs worldwide, driving nematicides market development. Moreover, the declining productive and arable land has an inverse relationship that contributed to a rise in demand for high yield crops to fulfill global food needs, which is projected to propel the global market. Additionally, the loss of crop owing to the pest attack is further estimated to drive the market.

However, the harmful effect of nematicides on the environment is predicted to create an obstacle in the growth of the market globally at a significant level.

Growth Driver

Rising demand for high-value crops

High-value agricultural products are commonly classified as high economic value agricultural products per kilogram, per hectare, or calory. The food market in Africa, valued at around USD 313 billion a year in 2013, is expected to triple by 2030, with spending on infrastructure, smart trade, and business regulations, and a vibrant agricultural business industry that links consumers and producers in growing urban areas. Rice and wheat, Indian diet long fixtures, took up less room on nutrition plates in the world. Fruit and vegetables, milk, meat, and refined products have taken their position at an increasing pace, with the so-called ‘high-value foods.’ This is primarily guided by growing wages, urbanization, and exchange over the past couple of decades, providing considerable incentives to smallholder farmers in India, who traditionally own less than two hectares of land. In addition, a rise in foreign direct investment (FDI) has contributed to a boom in high-value crop growth. Therefore, the strong demand for high-value crops is estimated to fuel the global nematicides market.

Rise in providing tailor-made remedies for different plagues

The growth in providing tailor-made remedies for different plagues anticipated fueling the market. The rising environmental and contamination issues and threats to safety from many modern agrochemicals estimated to drive the demand for natural biologicals are gradually rising across regions. Increasing usage of biologics and related appropriate solution is propelling. Consumers are experiencing a vast market for new biological products, including bio nematicides, to be used on standing crops towards nematodes that trigger damage to crops and thus reduce the overall farm quality and yield. Furthermore, the growing technologies combined with the usage of biological insecticides is expected to improve organic farming.

COVID-19 Impacts Insights

The COVID-19 outbreak recently severely impacted the healthcare system of developed and developing economies. The manufacturing work has slowed down due to the pandemic. The COVID-19 turmoil has a modest market impact and shows profitability by Q1 / Q2 of 2023. COVID-19 has somewhat influenced leading players in their enterprises. Such suppliers have their manufacturing operations distributed all over Asia Pacific, North America, Europe, South America, and RoW across multiple nations. While the government is implementing significant improvements in pandemic reaction, businesses are continually adapting to the changing needs of their personnel, customers, and vendors while meeting the financial and operational challenges. While this pandemic condition has disrupted their companies, their nematicides will not have any direct effects on the corporate activities and supply chain. There are already several players whose manufacturing facilities are still in operation, which is projected to somewhat drive the global nematicides market at a substantial rate.

Type Segmental Analysis

Based on the type, the global nematicides market is bifurcated into Fumigants, Organophosphates, Carbamates, Bio-nematicides, and Others. The bio-nematicides segment is anticipated to hold the largest share during the forecast period of 2020-2027 across the globe, owing to the increasing consciousness among customers about the reputation of organic foods. In addition, the rapid industrialization led to decreased productive farmland and a critical factor in boosting the global market growth.

However, the fumigants segment is estimated to have a considerable growth rate by 2027 across the globe due to technological advancements.

Crop Type Segmental Analysis

Based on the crop type, the global nematicides market is classified into Field crops, Fruits & nuts, Vegetables, and Others. The vegetable crop type segment is estimated to dominate the market across the globe. The growing acreage being taken into vegetable cultivation and the increased production of organic vegetables drive vegetable segment development at a substantial rate. Since the root-knot nematodes found in the soil, the sales of nematicides are highly dependent on fresh vegetable crops, supplemented by specialized crops including cocoa, nuts, tobacco, and sugar cane.

Form Segmental Analysis

Based on the form, the global nematicides market segmented into granular and liquid. The liquid form segment is projected to have a considerable growth rate over the forecasted period of 2020-2027 across the globe. The noise quality drawback in granular form type overcomes by liquid-based nematicides is often cost-effective in production and handling terms.

Mode of Application Segmental Analysis

Based on the mode of application, the global nematicides market is segmented into Fumigation, Soil dressing, Drenching, and Seed treatment. The fumigation segment is projected to have a significant growth rate as numerous fumigants of popular purpose provide the efficient grip of nematodes in the soil. The usefulness is due to its substantial variability at higher conditions. Fumigants are a wide variety of pesticides in which the active substance shifts as a gas via the soil.

However, the drenching segment is estimated to have a considerable growth rate as naturally or deliberately infested nematode soil is handled with a nematicide by combining drenching.

Nematode Type Segmental Analysis

Based on the nematode type, the global nematicides market is segmented into Root-knot nematode, Cyst, and Others. The root-knot nematode segment is projected to dominate the market as root-knot nematodes from the genus Meloidogyne are plant-parasitic nematodes. In regions with hot summers or short winters, they live in the soil. Giant cells are developed primarily to support the nematode and provide the nutrients vital for the development of nematodes, which is projected to drive the global market at a substantial growth rate over the forecasted period.

Region Segmental Analysis

By geography, the global Nematicides market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to hold the largest share over the forecasted period of 2020-2027 globally due to the rise in research and development activities across the nations. In addition, the presence of leading players in nematicides is further anticipated to boost the regional market.

However, the Asia Pacific region is projected to hold a significant growth rate due to rapid industrialization across the region.

Competitor Analysis

Companies such as American Vanguard Corporation, Horizon Group, Adama Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, Monsanto, Corteva Agriscience, Syngenta International AG, Valent, FMC Corporation, UPL Limited, Crop IQ Technology, Nufarm, Bioworks Inc., Isagro SpA, Hansen, Marrone Bio Innovations Inc, T. Stanes & Company Limited, Dow Agrosciences, and Nufarm Limited are the key players in the global nematicides market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global Nematicides manufacturing firm
• Research organizations and consulting companies
• Organizations, associations, and alliances related to Nematicides
• Regulatory bodies

Scope of the report

Recent Developments

1. In August 2017, Syngenta Crop Protection AG launched the only available and accessible biological seed treatment, Clariva, which controls nematodes on contact in Brazi.
2. In August 2018, BASF SE gained a wide range of businesses and assets from Bayer CropScience. This procurement would complement crop protection, biotech, and digital farming activities. This procurement also allowed the organization to enter the non-selective herbicide and nematicide seed treatment markets.
3. In October 2018, Corteva Agriscience launched a novel sulfonamide nematicide, Reklemel, which has a unique action method against plant-parasitic nematodes. This product is set to be launched by 2021 across the Asia Pacific and North America.

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

• Fumigants
• Organophosphates
• Carbamates
• Bionematicides
• Others

By Crop Type

• Field crops
• Fruits & nuts
• Vegetables
• Others

By Form

• Granular
• Liquid

By Mode of Application

• Fumigation
• Soil dressing
• Drenching
• Seed treatment

By Nematode Type

• Root-knot nematode
• Cyst
• Others

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa