Global Nematicides Market Size, Trends and Growth Opportunity, By Type (Carbamates, Fumigants, Organophosphates, and Bio Nematicides), By Form (Liquid and Powder), By Application (Seed Treatment, Fumigation, Irrigation, and Spraying), By Region and Forecast till 2027.
Global Nematicides Market
The global nematicides market was valued at US$1.3 Billion in 2021 and it is expected to reach at US$3.8 Billion in 2027 at a CAGR of 2.2% during forecast period 2022-2027.
Nematicides are a class of pesticide used to remove extremely proliferating plant parasites like nematodes, which has increased demand in a variety of agricultural, industrial, and other uses. The demand for high yielding crops has inversely increased as the amount of fertile and arable land has decreased in order to meet global food demands. As a result, the demand for nematicides has significantly increased. This is done in order to promote crop protection and boost the quality of output from scarce crops.
Market Drivers
Despite this, demand for synthetic or chemical nematicides is still on the rise. Recent years have also seen an increase in the popularity of biological nematicides, mostly as a result of the global adoption of integrated pest management (IPM) strategies and sustainable farming methods. The expansion of the global bio-nematicides market has also been aided by government funding supporting the development of bio-nematicides as an alternative to traditional synthetic pesticides.
Market Restraints
Nematicides market expansion is anticipated to be hampered by concerns about the adverse effects of pesticides and associated concerns of health and environmental deterioration. It is also projected that various environmental laws implemented by the National Institute of Environmental Health Sciences (NIEHS) and the Environment Protection Agency (EPA) will impede the growth of the pesticide market as a whole.
Market Segmentation
The global nematicides market segmented on the basis of type, form and application. On the basis of type it segmented into carbamates, fumigants, organophosphates, and bio nematicides. On the basis of form it segmented into liquid and powder. On the basis of application it segmented into seed treatment, fumigation, irrigation, and spraying.
Regional Analysis
The global nematicides market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. As a result of rising food demand and a reduction in arable land, North America has become the largest geographical market for the consumption of nematicides. Over the next seven years, rising agrochemical and agricultural activity in the Asia Pacific region is also predicted to create a number of chances for market expansion in the area. Demand from China and India has increased due to the reduction of arable land caused by industrialization.
Key Players
Various key players are listed in this report such as Adama Agricultural Solutions Ltd., Bayer CropScience AG, Monsanto, FMC Corporation, BASF SE, Syngenta AG, Valent, Horizon Group, Real IPM Kenya and Dow Agrosciences.
Market Taxonomy
By Type
Carbamates
Fumigants
Organophosphates
Bio Nematicides
By Form
Liquid
Powder
By Application
Seed Treatment
Fumigation
Irrigation
Spraying
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Nematicides Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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