Nematicides Market Size - Global Industry Growth, New Opportunities and Forecast – 2027
Market Overview
Nematicides are widely used in the agricultural segment to restrict the
nematode attack on the agricultural produce by inhibiting or killing the
nematodes responsible for the crop diseases. Increasing demand for food grains
coupled and shrinking cultivating land are expected to drive the demand for
nematicides. Apart from the agriculture use, nematicides are increasingly used
in the horticulture, floriculture, domestic, and commercial pest management
program.
Market Forecast
The amount of crop-loss due to nematode attack is increasing rapidly,
which is a great concern among the farmers and crop producers. Thus, the demand
for the nematicides has increased to a greater extent due to adequate disease
control support and increases in the crop productivity. Additionally, rising
demand for organic fruits, vegetables, and cereals and pulses is projected to
drive the growth of the global nematicides market over the forecast period.
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Increasing demand for agricultural products is driving the growth of the
market due to increased crop production along with food security and
crop-damage. Additionally, high acceptance for integrated pest management (IPM)
by the crop cultivator’s is adding fuel to the growth of the nematicides
market.
Moreover, rising demand for bio-nematicides for crop-protection is
projected to drive the growth of the global nematicides market. The market
players are responding to these new opportunities by expanding their service
offerings/product lines, which has boosted the share of the nematicides in the
global market. The global nematicides market is expected to grow at a CAGR
of 4.7% during the forecast period 2017-2023.
Downstream analysis
The global nematicides market is segmented into type, application, and
form.
On the basis of the type, it is segmented into organophosphates,
carbamates, fumigants, bio-nematicides, and others. Among all, the
fumigant segment is dominating the market followed by bio-nematicides owing to
its higher use on fruits & vegetables.
On the basis of the form, it is segmented into powder, liquid, and
others. The liquid form segement is dominating the market owing to its easy
use.
On the basis of the application, the nematicides market is segmented
into fruits and vegetables, cereals & pulses, oilseeds & grains, and
others. Among all the applications, fruits and vegetables segment is dominating
the market.
Competitive analysis
The major players in the nematicides market
- BASF SE (Germany)
- I. du Pont de
Nemours and Company (U.S.)
- Monsanto Company
(U.S.)
- The Dow Chemical
Company (U.S.)
- Bayer CropScience
AG (Germany)
- FMC Corporation
(U.S.)
- Syngenta AG
(Switzerland)
- Ishihara Sangyo
Kaisha, Ltd. (Japan)
- Valent U.S.A.
Corporation (U.S.)
- Adama
Agricultural Solutions Ltd. (Israel)
Regional Analysis
The global nematicides market is segmented into North America, Europe,
Asia Pacific, and rest of the world (RoW). The North American region is
dominating the nematicides market followed by Europe. The U.S. accounts for a
higher use of nematicides for the protection of fruits and vegetables from
nematodes owing to increasing awareness about the benefits of using
nematicides. Furthermore, high demand for organic fruits and vegetables from
the farmers is considered to be key driving factor in this region.
Furthermore, increasing consumer awareness and growing demand for
organic fruits, vegetables, cereals, and pulses has uplifted the demand for
nematicides in the European countries like Germany, France , and the U.K, which
is anticipated to boost the growth of the nematicides market during the review
period.
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