Nematicides Market – Global Industry Analysis and Forecast 2024-2030

Global Nematicides Market was valued at USD 1.79 Billion in 2023, and it is projected to touch USD 2.6 Billion by 2030, exhibiting a CAGR of 5.17 % during the forecast period (2024-2030).
Nematicides Market Overview:
A nematicide is a type of chemical pesticide used to kill plant-parasitic nematodes. Nematicides have tended to be broad-spectrum toxicants possessing high volatility or other properties promoting migration through the soil. It is difficult to create chemical countermeasures against worms that infests plants. It is challenging to administer a chemical to a nematode's immediate surroundings since most Phyto-parasitic nematodes spend their whole lives isolated to the soil or inside plant roots. The nematicides market is witnessing high growth because of increasing demand in the developing countries, easy availability of crop protection products, growing area under high-value cash crops such as fruits & vegetables, as well as rise demand for food products on account of increasing population. Several chemicals and mechanical & biological measures were explored to control the growing nematode population, globally.

Various chemical formulations are registered under the US Environmental Protection Agency (US EPA) for application in the commercial and agriculture sectors. Due to the increasing concerns associated with chemical methods over the years, the advent of biological nematicide products has presented numerous benefits such as, biological typically do not linger in the environment. Since they rapidly degrade, possible harmful exposure risk to humans and the environment is reduced. Biological products are often exempted from Maximum Residue Limits (MRLs) helping to improve the global marketability of crops treated with biological, owing to which, biological are preferred over their chemical counterparts in North American and European regions.

Key Trends That Will Ultimately Result In the Market Expansion of Nematicides

1. The growing inclination for organic food items is a primary driver of the nematicides market. Demand for high-quality food and rising consumer spending power are among the reasons expected to drive the global market for nematicides.

2. The rising trend of bio-nematicides due to the increasing adoption of sustainable agricultural methods is further supporting the growth of the market. There is increased focus on integrated pest management strategies and funding by governments for the creation of bio-nematicides as alternatives to traditional synthetic pesticides.

3. The market for nematicides is also positively impacted by the growth in pollution incidents, increasing demand for high-value crops, increased use of diverse biological products, growing environmental concerns, and agricultural losses from insect infestations.

4. Additionally, in the projection period, the use of biological to gain traction and the rise in demand for customised solutions aimed at certain pests, provide lucrative prospects to market participants.

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Global Nematicides Market Dynamics:
The Continuous Rise in Demand for High-Quality Food Is Playing a Vital Role in Market Growth

High-significance foods and organic agriculture are becoming increasingly popular as people grow more conscious of their own health and the environment. The necessity for superior food is a vital driver of the nematicides industry. Buyers are gradually more anxious about the superiority and safety of the food they consume. Nematicides upkeep farmers in generating crops free of nematode attacks, subsequent in greater agricultural yields and developed-quality products. For example, tomato cultivators in Florida employ nematicides to protect their crops from nematode infections, which can increase yields by up to 52%. The increased importance on food safety and security to build an ecological future pushes up demand for food goods. One of the largest and most significant sectors for supplying demand is agriculture. The Food and Agriculture Organization reports that, up 1.2% from 2022–2023 to 2,822 million tons, the world used grains globally in 2023–2024. Half of the projected rise in global grain utilization is expected to come from developing countries in Asia-Pacific due to improved development and steady cost-effective growth. However, insect and pathogen attacks reduce crop yields, enhancing cultivators to use nematicides to boost quality and quantity. According to the Food and Agriculture Organization (FAO), yearly crop losses due to nematode infection are estimated to be roughly 12.3%, or USD 77 million per year.

Providing customized treatments for specific pests will create opportunities for the market to flourish

With the growing environmental and pollution concerns and health hazards from many conventional agrochemicals, the demand for natural biological is rising steadily across regions. Customers are witnessing a high demand for new biological products such as bionematicides to use against nematodes on standing crops, which cause crop damages, thereby reducing the overall farm yield and quality. One such innovative method is seed treatment, which is gaining traction due to its less or non-toxic nature, reduced cost of cultivation, and favourable effect on the yield and quality of crops. Moreover, seed treatment is targeted toward the desired pests and improve efficiency in nutrient uptake. The use of biological and related alternative management products is increasing. R&D teams of major global players are also engaged in discovering target-specific innovative products by using biological insecticides, which promote organic agriculture.

For instance, Zelto, a biological nematicides developed by Marrone Bio Innovations, is based on a non-living bacterium that provide grass protection by employing a revolutionary method of action for safely reducing insect pests that destroy turfs, such as chinch bugs, weevils, and caterpillars. Also, some biological insecticides, such as bacteria, fungi, and other microorganisms, are used in research experiments to invent new biological products.

The growth of the market is being hindered by the high environmental risk resulting from the use of chemical pesticides

Pesticides are known as one of the most key components of agricultural efficiency. Farmers have used them for eras to handle insects and weeds that decrease the yield of crops. Pesticide use has increased worldwide as agricultural productivity has grown, generating worries about environmental damage and requests to restrict the use of toxic pesticides. Without pesticides, production of fruits, vegetables, and cereals would fall by about 78%, 54%, and 32%, respectively. However, persistent use of such chemically produced pesticides might be harmful to the environment and human health, thereby inhibiting nematicides market growth.
Global Nematicides Market Segment Analysis:
Based on the Type, nematicides are categorized into Fumigants, Organophosphates, Carbamates, Bionematicides and others. Fumigants are broad-spectrum nematicides products where the active component transfers through the soil as a gas. Fumigants are not bound by soil or taken up by plants. Thus, they have a short period of residual pesticide activity and are highly effective compared to other types such as organophosphate and carbamate. In addition to killing plant-parasitic nematodes, they are effective against various soil-borne pests and pathogens. They are used to disinfect soil and reduce the risk of yield loss due to soil-borne pests in high-value crops like vegetables and fruits. Fumigants are generally administered several weeks before actual crop plantation in order to eradicate parasites existent in surrounding soil, air, and water. Contact applicators are sprayed directly onto the crops once they are planted into the soil. Various market opportunities on account of biofuel technology development are expected to support nematicides market growth. The highest potential lies in the bio-nematicides market on account of eco-friendliness and sustainability. Numerous advantages of fumigants are likely to support the segment's steady growth.

The bio-based segment is growing at the highest pace in the global market. The increasing popularity and adoption rate of bio-based nematicides products is predicted to be a favourable factor for market growth. The use of bio-based products is eco-friendlier and economical than chemical-based products, which is expected to increase the utilization of bio-based nematicides products in the forthcoming years.

For instance,

1. In 2023, Syngenta introduced a new nematicides with enhanced efficacy and environmental safety features, targeting key markets globally. Syngenta has been active in launching new nematicides products and expanding their market presence through collaborations and partnerships.

2. In 2022, BASF completed the acquisition of the global nematode seed treatment assets from Bayer CropScience. This acquisition strengthened BASF's portfolio in biological seed treatments and nematicides, enhancing their capabilities in offering integrated pest management solutions.



Based on the Application, nematicides are further categorized into Fumigation, Drenching, Soil dressing and seed treatment.
Nematicides application via Soil Dressing held a majority market share in 2023, which was majorly attributed to the effectiveness of this method in reducing soil-borne nematode populations and improving crop productivity. Soil Dressing dominates the nematicides market because it is effective at directly targeting nematodes in the soil where they mostly live and cause harm to plant roots, assuring thorough and long-term pest control. These can be applied prior to planting and after planting by soil drenching, which helps in faster crop germination. Soil Dressing is a method that purifies and revitalizes soil by removing impurities. Soil impurity is often caused by various chemicals that include petroleum hydrocarbons, pesticides, lead, and other heavy metals, wastes such as alkali, oil, or some other non-degradable material.

The main concern behind Soil Dressing is the harm to human health associated with direct contact with contaminated soil, vapours released by contaminants, and secondary contamination of water supplies. The Impurified soil is treated using microbes, pH adjusters, organic amendments, and Soil Dressing technologies such as biological, physiochemical, and thermal treatment. The Soil Dressing is of two methods, fumigation and irrigation. Fumigant nematicides are chemicals with high volatility. They move rapidly through the air spaces between soil particles. Therefore, their movement may be restricted if soil pore spaces or pore necks are filled with water. On the other hand, Irrigation nematicides are of low volatility and are spread through the soil and dissolved in the soil solution. Their movement may be enhanced by water movement through irrigation or rainfall.

According to MMR analysis, the Soil Dressing mode of nematicides application is expected to increase by around 19.7 thousand metric ton during 2024-2030.

For instance,

1. In 2022, Corteva acquired a leading company specializing in soil health and nematode management solutions, thereby strengthening its portfolio in integrated pest management. Corteva's collaborations with universities and technology start-ups have also led to the development of innovative soil dressing technologies that improve the efficacy and sustainability of nematicides applications.

2. Bayer CropScience has continued to innovate in the nematicides sector, focusing on new product launches and advancements in formulation technologies. In 2023, Bayer introduced a novel soil dressing nematicides aimed at enhancing crop protection against nematode pests while minimizing environmental impact.


Global Nematicides Market Regional Analysis:
North America dominated the global nematicides market in 2023 followed by Europe and South America. Key factors are propelling the growth of the nematicides market in North America include the region's robust agricultural sector, particularly in the United States and Canada. As these countries seek to maintain high crop yields to meet domestic and global food demands, the need for effective nematode control becomes paramount. In line with this, climate change effects, such as shifts in temperature and precipitation patterns, are contributing to increased nematode infestations. This, in turn, drives the demand for nematicides as farmers strive to protect their crops from these destructive pests. Additionally, the growing awareness of environmental sustainability and the adoption of eco-friendly agricultural practices are influencing the choice of nematicides.

The demand for nematode control products in Asia Pacific is predicted to remain promising due to the rising cultivation of high-value crops such as vegetables and fruits. As a result, numerous prominent market players operating in the global market are expanding their business in the region. Moreover, high profit linked with the export of organic vegetables and fruits is forcing farmers to use bio-based nematicides products, which is another reason ascribed to the latent growth of the market within the region.

1. The top 5 Exporters of Power Transformer are United States, China, France, Germany and Chile.
2. The top 5 Importers of Power Transformer are Peru, Chile, Japan, South Korea and United States.



Competitive Analysis of Global Nematicides Market:

The global nematicides market is dominated by a diverse range of competitors, each vying for a foothold in this profitable industry. These companies are fiercely competitive, focused on tactics to increase their market presence and suit the changing needs of farmers and the agriculture sector. This landscape is influenced by key research and development programs aiming at generating new and environmentally sustainable nematicides solutions. In addition, industries are actively partnering with academic institutions to remain ahead of technological breakthroughs in nematode control. Market companies are also focusing on increasing their distribution networks to reach a larger customer base while following to strict regulatory requirements limiting pesticide use.

Recent Developments in Nematicides Market:

1. In July 2023, Biobest acquired BioWorks, Inc., a NY-based manufacturer and marketer of biopesticides.

2. In September 2023, Corteva Agriscience, one of the leading global agriculture companies, launched Reklemel™ active, a new nematicide developed for row crops, to protect them against plant-parasitic nematode damage, while maintaining the balance of beneficial organisms in the soil.

3. In 2023, Bayer AG is underpinning its commitment to innovation for regenerative agriculture with a €220 million investment in research and development at Monheim site.

4. In January 2023, Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.

5. In December 2022, Novozymes A/S agreed to buy Danish firm, Chr. Hansen Holding A/S, for about 87.1 billion kronor ($12.3 billion) in stock to gain probiotic cultures and expand in the growing market for nutrition and food.

6. In June 2022, AgriNova New Zealand Ltd was acquired by ADAMA Ltd. With this acquisition, ADAMA expanded its product line in the New Zealand market.

7. In May 2022, Corteva Agriscience in Brazil expanded its portfolio, services, and industrial infrastructure to commercial partners to strengthen its activities in the seed treatment industry. For instance, the company strengthened its operations in the area of seed treatment with the new global brands LumiGEN and Ampl.

8. In November 2022, Syngenta Brazil, one of the subsidiary companies of Syngenta AG, extended its crop protection portfolio by launching two fungicide products – Victrato and nimaticide – Vaniva, using the Tymirium technology.

9. March 2022 - BioConsortia, Inc., a U.S.-based agricultural R&D company, announced the development and registration of two new nematicides upon its successful field trials on corn and other important crops. The new product controls nematodes and increases crop yields.
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Global Nematicides Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.79 Bn.


Forecast Period 2024 to 2030 CAGR:
5.17%
Market Size in 2030:
US $ 2.6 Bn.


 Segments Covered:
by Type
Fumigants
Carbamates
Organophosphates
Bionematicides
Others


by Form
Liquid
Granular or Emulsifiable Liquid
Others


by Nematode Types
Root-Knot
Cyst
Lesion
Others


by Application
Soil Dressing
Fumigation
Drenching
Seed Treatment



Nematicides Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Nematicides Market, Key Players:
1. Bayer CropScience AG (Germany)
2. BASF SE (Germany)
3. The Dow Chemical Company (US)
4. Syngenta AG (Switzerland)
5. FMC Corporation (US)
6. Sumitomo Chemical Co., Ltd. (Japan)
7. Nufarm Limited (Australia)
8. UPL Limited (India)
9. ADAMA Agricultural Solutions Ltd. (Israel)
10. American Vanguard Corporation (US)
11. Brandt Consolidated, Inc. (US)
12. Isagro S.P.A. (Italy)
13. Marrone Bio Innovations Inc. (US)
14. Certis USA L.L.C. (US)
15. Corteva Agriscience (US)
16. Chr. Hansen (Denmark)
17. Marrone Bio Innovations (US)
18. Valent Biosciences LLC (US)
19. T. Stanes & Company Limited (India)
20. Agri Life (India)
21. Bio Huma Netics, Inc (US)
22. Real IPM Kenya (Kenya)
23. Horizon Group (India)
24. Crop IQ Technology Ltd (UK)

Frequently Asked Questions:
1. Which region has the largest share in Global Nematicides Market?
Ans: North America region held the highest share in 2023.

2. What is the current market size of the Global Nematicides Market?
Ans: The Global Nematicides market is estimated to be valued at USD 1.79 billion in 2023.

3. What is the growth rate of Global Nematicides Market?
Ans: The Global Nematicides Market is growing at a CAGR of 5.17% during forecasting period 2024-2030.

4. What is scope of the Global Nematicides market report?
Ans: Global Nematicides Market report helps with the PESTEL, PORTER, Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

5. What is the study period of this market?
Ans: The Global Nematicides Market is studied from 2024 to 2030.