- Organophosphates
- Fumigants
- Carbamates
- Others
Nematicides Market size is estimated to be at USD 1.35 billion in 2022 and is poised to grow at a CAGR of 3.56% from 2023 - 2029. Nematicides are the chemical pesticides used in crops to control the growth of nematodes, which are a major reason for the crop loss. Nematicides increases the quality and yield of the agriculture products. Nematicides are available in the two forms which include fumigant and contact application. Apart from the protection of plants from parasites, nematicides also help in the increasing of soil fertility. The most commonly used nematicides are the fumigants, carbamates, and organophosphates among others. Global Nematicides market is growing at a significant CAGR owing to increase in the prevalence of plant diseases and adoption of newer organic farming practices. Increase in the R&D activities for the development newer products and product approvals from U.S. Environmental Protection Agency are the factors expected to propel the revenue growth of the market over the forecast period. Moreover, acquisitions and mergers, product launchings, and expanding the business around the globe are the strategies followed by the companies for increasing their revenue share in market.
Nematicides Market Key Developments:
in August 2015, Bayer CropScience AG launched Velum Prime in Malawi market to destroy the parasites present in the plants. The demand for natural biologicals is constantly increasing throughout areas, owing to increased environmental and pollution concerns, as well as the health risks posed by many conventional agrochemicals. Customers are seeing a surge in demand for new biological treatments like bionematicides, which are used to combat nematodes on standing crops that cause crop damage, lowering overall farm productivity and quality.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Rapid industrialization leads to decrease in arable land, increase in global population demanding for quality food products, rise in the incidence of diseases caused by nematodes, technological advancements in organic farming practices are anticipated to fuel the nematicides market over the forecast period. Moreover, increasing the R&D activities for the innovation of newer nematicides, low cost of the products, and increase in awareness about the nematicides among farmers are expected to propel the revenue of nematicides market over the forecast period. However, stringent regulatory policies on synthetic nematicides, use of alternative products such as bionematicides, adverse effects associated with the nematicides, and high product development and registration cost are the factors hampering the growth of nematicides market.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.