Nematicide Market Share, Size, Trends, Industry Analysis Report, By Type (Fumigants, Organophosphate, Carbonate, and Bio-based); By Crop; By Formulation; By Region; Segment Forecast, 2023 - 2032

Nematicide Market Share, Size, Trends, Industry Analysis Report, By Type (Fumigants, Organophosphate, Carbonate, and Bio-based); By Crop; By Formulation; By Region; Segment Forecast, 2023 - 2032

The global nematicide market size is expected treach USD 5,017.71 million by 2032, according ta 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 intcurrent 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 tgain 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 Victrat& Vaniva, which provides long-lasting protection against nematodes and soil-borne diseases. It safeguards the root of the plant from attack, & resistance tearly-season diseases.

Moreover, with the rapid increase in environmental and pollution-related concerns across the globe and alshealth hazards associated with different conventional agrochemicals, customers and especially growers are shifting towards new biological products, including bionematicides tuse against the nematodes on standing crops, which results in crop damages and alsreduce 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 tremain 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 theld largest market share throughout the forecast period owing tits higher prevalence among variety of fruit crops due tthe growing risk of nematodes on the leaves and root

Liquid formulation segment dominated the global market in 2021, which is mainly attributed tits ability tprovider higher convenience in product usage and eliminate the wastage of the product

Asia Pacific is expected tbe the fastest emerging region over the study period, due tthe surging demand for various high-value crops and growing incidences of nematode attacks on crops

The global key market players include SumitomChemical, Adama Agricultural Solutions, FMC Corporation, Marrone BiInnovations, 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