Nematicide Market Size Worth $5,017.71 Million By 2032 | CAGR: 9.8%

Nematicide Market Size Worth $5,017.71 Million By 2032 | CAGR: 9.8%

The global nematicide market size is expected to reach USD 5,017.71 million by 2032, according to a new study by Polaris Market Research. The report “Nematicide Market Share, Size, Trends, Industry Analysis Report, By Type (Fumigants, Organophosphate, Carbonate, and Bio-based); By Crop; By Formulation; By Region; Segment Forecast, 2032-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing preferences towards organic food products worldwide and a rise in the trend of bio-nematicides because of the urging adoption of several sustainable agricultural practices along with the high advancements and technological developments in farming methods and processes are key factors influencing the market growth exponentially. Additionally, a rapid surge in the incidences of pollution, demand for high-value crops, and increasing penetration for customized solutions mainly targeted toward specific pests and biological product usage are expected to gain traction and create profitable growth opportunities for the market.

For instance, in November 2022, Syngenta announced the launch of its latest advanced nematicide in Argentina, named Victrato & Vaniva, which provides long-lasting protection against nematodes and soil-borne diseases. It safeguards the root of the plant from attack, & resistance to early-season diseases.

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Moreover, with the rapid increase in environmental and pollution-related concerns across the globe and also health hazards associated with different conventional agrochemicals, customers and especially growers are shifting towards new biological products, including bionematicides to use against the nematodes on standing crops, which results in crop damages and also reduce the overall farm quality and yield.

Despite considerable efforts by various large companies and governments across the globe in recent years, most farmers are getting aware of biological products & their numerous benefits in increasing cost-yield sustainability. On the other hand, in countries like India and China, the most populous nations in the world and where agriculture is the leading income source, food demand is expected to remain higher. Thus farmers are highly adopting innovative farming practices, creating lucrative market growth opportunities.

Nematicide Market Report Highlights

  • The fumigants segment accounted for largest market share in 2021, on account of its higher adoption in the prevention form soil-borne pests and pathogens
  • Fruit segment is projected to held largest market share throughout the forecast period owing to its higher prevalence among variety of fruit crops due to the growing risk of nematodes on the leaves and root
  • Liquid formulation segment dominated the global market in 2021, which is mainly attributed to its ability to provider higher convenience in product usage and eliminate the wastage of the product
  • Asia Pacific is expected to be the fastest emerging region over the study period, due to the surging demand for various high-value crops and growing incidences of nematode attacks on crops
  • The global key market players include Sumitomo Chemical, Adama Agricultural Solutions, FMC Corporation, Marrone Bio Innovations, and American Vanguard Corporation

Polaris Market Research has segmented the nematicide market report based on type, crop, formulation, and region:

Nematicide, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Fumigants
  • Organophosphate
  • Carbonate
  • Bio-based

Nematicide, Crop Outlook (Revenue - USD Million, 2019 - 2032)

  • Vegetables
  • Field Crops
  • Fruits
  • Others

Nematicide, Formulation Outlook (Revenue - USD Million, 2019 - 2032)

  • Liquid
  • Granular/Emulsifiable Liquid
  • Others

     Nematicide, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa