Nematicides Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Nematicides Market
The nematicides market size was valued at USD 1.60 billion in 2023, and the market is now projected to grow from USD 1.66 billion in 2024 to USD 2.54 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period of 2023-2032.
The pandemic slowed the global market, impacting nematicides manufacturers with raw material shortages and labour issues. Bayer AG experienced a 5% sales drop in crop sciences products in 2020 due to altered demand and COVID-19 disruptions affecting nematicides market growth.
The rising demand for food, driven by food safety and sustainability goals, boosts agriculture's importance. Global cereal use grew 1.2% in 2023-24, with Asia Pacific leading. Crop losses from pests and pathogens, estimated at 12.3% annually (USD 77 million), spur nematicide market share to enhance yields and productivity, meeting the increasing food demand efficiently.
Moreover, increasing concern about the environment and health over synthetic agricultural inputs boosts the need for sustainable options such as bio-based nematicides. Organic farming promoted as an eco-friendly substitute to traditional methods, aims to minimize negative effects on humans and the surroundings. This trend helps the anticipated increase of bio-based crop protection chemical substances, enhancing their market capability all through the forecast period.
Comprehensive Analysis of Nematicides Market
The nematicides market is experiencing rapid growth due to its strategic market segmentation. This expansion includes comprehensive assessments that consider the agriculture benefit management sector. These segments are systematically categorized by device type, crop and formulation. The types segmentation include, Fumigants, Organophosphate, Carbamate and Bio-based. The crops segmentation included Vegetables, Field Crops, Fruits, and Others. At last, the formulation segmentation such as Liquid, Granular or Emulsifiable Liquid, and Others.
North America led the global nematicides market, worth USD 544.69 million in 2023, and is anticipated to hold a large market share. Growth is driven by using the need to enhance crop yield and quality, decline arable land, and increase awareness of product benefits. Additionally, rising organic farming and demand for organic meals improve bionematicide demand.
Key market players are vital to the agriculture industry, ensuring growth prospects and establishing market standards. These players include, Bayer AG (Germany), UPL Limited (India), FMC Corporation (U.S.), Corteva Agriscience (U.S.), Syngenta (Switzerland), BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), Nufarm Limited (Australia), Marrone Bio Innovations (U.S.), American Vanguard Corporation (U.S.) these market players create a competitive landscape with equal opportunities for all.
In September 2023, Corteva Agriscience, a top global agriculture firm, introduced Reklemel™ active, a new nematicide for row crops. It protects against plant-parasitic nematodes while preserving beneficial soil organisms.
Segmentation Table
Global Nematicides Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 5.50% for 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, Crop, Formulation, and Region
By Type Fumigants
Organophosphate
Carbamate
Bio-based
By Crop Vegetables
Field Crops
Fruits
Others
By Formulation Liquid
Granular/ Emulsifiable Liquid
Others
By Region North America (By Type, Crop, Formulation, and Country)
- U.S. (By Formulation)
- Canada (By Formulation)
- Mexico (By Formulation)
Europe (By Type, Crop, Formulation, and Country)
- U.K. (By Formulation)
- Germany (By Formulation)
- France (By Formulation)
- Italy (By Formulation)
- Spain (By Formulation)
- Netherland (By Formulation)
- Rest of Europe (By Formulation)
Asia Pacific (By Type, Crop, Formulation, and Country)
- Japan (By Formulation)
- China (By Formulation)
- India (By Formulation)
- Australia (By Formulation)
- Rest of Asia Pacific (By Formulation)
South America (By Type, Crop, Formulation, and Country)
- Brazil (By Formulation)
- Argentina (By Formulation)
- Rest of South America (By Formulation)
Middle East & Africa (By Type, Crop, Formulation, and Country)
- South Africa (By Formulation)
- Israel (By Formulation)
- Rest of ME&A (By Formulation)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market SegLiquidtation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Formulation Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis (in relation to COVID-19)
- 4.5.1. Impact of COVID-19
- 4.5.2. Supply Chain Challenges
- 4.5.3. Potential Opportunities due to COVID-19
- 5. Global Nematicides Market Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type(Value)
- 5.2.1.1. Fumigants
- 5.2.1.2. Organophosphate
- 5.2.1.3. Carbamate
- 5.2.1.4. Bio-based Nematicides
- 5.2.2. By Crop (Value)
- 5.2.2.1. Vegetables
- 5.2.2.2. Field Crops
- 5.2.2.3. Fruits
- 5.2.2.4. Others
- 5.2.3. By Formulation (Value)
- 5.2.3.1. Liquid
- 5.2.3.2. Granular or Emulsifiable Liquid
- 5.2.3.3. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Nematicides Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type(Value)
- 6.2.1.1. Fumigants
- 6.2.1.2. Organophosphate
- 6.2.1.3. Carbamate
- 6.2.1.4. Bio-based Nematicides
- 6.2.2. By Crop (Value)
- 6.2.2.1. Vegetables
- 6.2.2.2. Field Crops
- 6.2.2.3. Fruits
- 6.2.2.4. Others
- 6.2.3. By Formulation (Value)
- 6.2.3.1. Liquid
- 6.2.3.2. Granular or Emulsifiable Liquid
- 6.2.3.3. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.1.1. By Formulation(Value)
- 6.2.4.1.1.1. Liquid
- 6.2.4.1.1.2. Granular or Emulsifiable Liquid
- 6.2.4.1.1.3. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Formulation(Value)
- 6.2.4.2.1.1. Liquid
- 6.2.4.2.1.2. Granular or Emulsifiable Liquid
- 6.2.4.2.1.3. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Formulation(Value)
- 6.2.4.3.1.1. Liquid
- 6.2.4.3.1.2. Granular or Emulsifiable Liquid
- 6.2.4.3.1.3. Others
- 7. Europe Nematicides Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type(Value)
- 7.2.1.1. Fumigants
- 7.2.1.2. Organophosphate
- 7.2.1.3. Carbamate
- 7.2.1.4. Bio-based Nematicides
- 7.2.2. By Crop (Value)
- 7.2.2.1. Vegetables
- 7.2.2.2. Field Crops
- 7.2.2.3. Fruits
- 7.2.2.4. Others
- 7.2.3. By Formulation (Value)
- 7.2.3.1. Liquid
- 7.2.3.2. Granular or Emulsifiable Liquid
- 7.2.3.3. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Formulation (Value)
- 7.2.4.1.1.1. Liquid
- 7.2.4.1.1.2. Granular or Emulsifiable Liquid
- 7.2.4.1.1.3. Others
- 7.2.4.2. Italy
- 7.2.4.2.1. By Formulation (Value)
- 7.2.4.2.1.1. Liquid
- 7.2.4.2.1.2. Granular or Emulsifiable Liquid
- 7.2.4.2.1.3. Others
- 7.2.4.3. U.K.
- 7.2.4.3.1. By Formulation (Value)
- 7.2.4.3.1.1. Liquid
- 7.2.4.3.1.2. Granular or Emulsifiable Liquid
- 7.2.4.3.1.3. Others
- 7.2.4.4. France
- 7.2.4.4.1. By Formulation (Value)
- 7.2.4.4.1.1. Liquid
- 7.2.4.4.1.2. Granular or Emulsifiable Liquid
- 7.2.4.4.1.3. Others
- 7.2.4.5. Netherland
- 7.2.4.5.1. By Formulation (Value)
- 7.2.4.5.1.1. Liquid
- 7.2.4.5.1.2. Granular or Emulsifiable Liquid
- 7.2.4.5.1.3. Others
- 7.2.4.6. Spain
- 7.2.4.6.1. By Formulation (Value)
- 7.2.4.6.1.1. Liquid
- 7.2.4.6.1.2. Granular or Emulsifiable Liquid
- 7.2.4.6.1.3. Others
- 7.2.4.7. Rest of Europe
- 7.2.4.7.1. By Formulation (Value)
- 7.2.4.7.1.1. Liquid
- 7.2.4.7.1.2. Granular or Emulsifiable Liquid
- 7.2.4.7.1.3. Others
- 8. Asia-Pacific Nematicides Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type(Value)
- 8.2.1.1. Fumigants
- 8.2.1.2. Organophosphate
- 8.2.1.3. Carbamate
- 8.2.1.4. Bio-based Nematicides
- 8.2.2. By Crop (Value)
- 8.2.2.1. Vegetables
- 8.2.2.2. Field Crops
- 8.2.2.3. Fruits
- 8.2.2.4. Others
- 8.2.3. By Formulation (Value)
- 8.2.3.1. Liquid
- 8.2.3.2. Granular or Emulsifiable Liquid
- 8.2.3.3. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Formulation (Value)
- 8.2.4.1.1.1. Liquid
- 8.2.4.1.1.2. Granular or Emulsifiable Liquid
- 8.2.4.1.1.3. Others
- 8.2.4.2. India
- 8.2.4.2.1. By Formulation (Value)
- 8.2.4.2.1.1. Liquid
- 8.2.4.2.1.2. Granular or Emulsifiable Liquid
- 8.2.4.2.1.3. Others
- 8.2.4.3. Japan
- 8.2.4.3.1. By Formulation (Value)
- 8.2.4.3.1.1. Liquid
- 8.2.4.3.1.2. Granular or Emulsifiable Liquid
- 8.2.4.3.1.3. Others
- 8.2.4.4. Australia
- 8.2.4.4.1. By Formulation (Value)
- 8.2.4.4.1.1. Liquid
- 8.2.4.4.1.2. Granular or Emulsifiable Liquid
- 8.2.4.4.1.3. Others
- 8.2.4.5. Rest of Asia-Pacific
- 8.2.4.5.1. By Formulation (Value)
- 8.2.4.5.1.1. Liquid
- 8.2.4.5.1.2. Granular or Emulsifiable Liquid
- 8.2.4.5.1.3. Others
- 9. South America Nematicides Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type(Value)
- 9.2.1.1. Fumigants
- 9.2.1.2. Organophosphate
- 9.2.1.3. Carbamate
- 9.2.1.4. Bio-based Nematicides
- 9.2.2. By Crop (Value)
- 9.2.2.1. Vegetables
- 9.2.2.2. Field Crops
- 9.2.2.3. Fruits
- 9.2.2.4. Others
- 9.2.3. By Formulation (Value)
- 9.2.3.1. Liquid
- 9.2.3.2. Granular or Emulsifiable Liquid
- 9.2.3.3. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Formulation (Value)
- 9.2.4.1.1.1. Liquid
- 9.2.4.1.1.2. Granular or Emulsifiable Liquid
- 9.2.4.1.1.3. Others
- 9.2.4.2. Argentina
- 9.2.4.2.1. By Formulation (Value)
- 9.2.4.2.1.1. Liquid
- 9.2.4.2.1.2. Granular or Emulsifiable Liquid
- 9.2.4.2.1.3. Others
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Formulation (Value)
- 9.2.4.3.1.1. Liquid
- 9.2.4.3.1.2. Granular or Emulsifiable Liquid
- 9.2.4.3.1.3. Others
- 10. Middle East & Africa Nematicides Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Fumigants
- 10.2.1.2. Organophosphate
- 10.2.1.3. Carbamate
- 10.2.1.4. Bio-based Nematicides
- 10.2.2. By Crop (Value)
- 10.2.2.1. Vegetables
- 10.2.2.2. Field Crops
- 10.2.2.3. Fruits
- 10.2.2.4. Others
- 10.2.3. By Formulation (Value)
- 10.2.3.1. Liquid
- 10.2.3.2. Granular or Emulsifiable Liquid
- 10.2.3.3. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Formulation (Value)
- 10.2.4.1.1.1. Liquid
- 10.2.4.1.1.2. Granular or Emulsifiable Liquid
- 10.2.4.1.1.3. Others
- 10.2.4.2. Isreal
- 10.2.4.2.1. By Formulation (Value)
- 10.2.4.2.1.1. Liquid
- 10.2.4.2.1.2. Granular or Emulsifiable Liquid
- 10.2.4.2.1.3. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Formulation (Value)
- 10.2.4.3.1.1. Liquid
- 10.2.4.3.1.2. Granular or Emulsifiable Liquid
- 10.2.4.3.1.3. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Nematicides Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. BASF SE
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Bayer AG
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. FMC Corporation
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Corteva Agriscience
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Syngenta
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Sumitomo Chemical Co., Ltd.
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Nufarm Ltd.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Marrone Bio Innovations
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. American Vanguard Corporation
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. UPL Limited
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
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