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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
By Crop Type
By Mode of Application
By Nematode Type