Global Nematicides Market Size, Trends And Growth Opportunity By Product Type(Less Than 100 Ml, 100-250ml, 251-500 Ml, More Than 500 Ml), By Formulation (Necked In, Shaped Wall, Straight Wall), By Application (Cosmetics & Personal Care, Household Products

Global Nematicides Market Size, Trends and Growth Opportunity, By Product Type (Less Than 100 Ml, 100-250ml, 251-500 Ml, More Than 500 Ml), By Formulation (Necked In, Shaped Wall, Straight Wall), By Application (Cosmetics & Personal Care, Household Products, Automotive/Industrial, Others), By Region and Forecast Till 2027.

Global Nematicides Market

Global Nematicides Market was valued at USD 1.4 billion in 2021 and expected to reach USD 1.7 billion by 2027 at a CAGR 2.69% from 2022 to 2027.

Nematicides are also known as roundworms and a group of worms. These are commonly utilized in the agriculture industry to safeguard crops. Nematodes are the tiny granules and nodes that can be found at the base of plant roots that inhibit plant growth. Nematicides are essentially chemical-based products used to kill nematodes and other worms. Nematicides come in both liquid and solid forms. Both liquid and solid forms of chemicals are applied to the soil as fumigants.

Market Drivers

Global demand for food and vegetables is predicted to increase due to better agricultural methods, which will also fuel market expansion for nematicides. Additionally, the global market for nematicides will rise as new technology is adopted. The main nematodes that affect crops include Meloidogyne (cotton root-knot nematode), Heterodera (huge economic damage), Tylenchulus, Rotylenchulus, and Protylenchulus. These nematodes are crucial for agricultural pest nematodes. Additionally, a rise in the demand for high-value crops is anticipated to propel the expansion of the worldwide nematicides market.

Market Restraints

The major hindrance to the growth of the global nematicides market over the forecast period is the issue of pesticide residues. Additionally, low biological usage and lack of knowledge may restrain the growth of the worldwide nematicides market.

Market Segmentation

Global Nematicides market is segmented into product type, formulation, application. By product type it is segmented into fumigant, bio-based nematicides, chemical nematicides. By formulation it is segmented into liquid, and solid. By application it is segmented into such as grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and others.

Regional Analysis

The Nematicides market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America presently holds a monopoly on the global nematode business as a result of the development of innovative products to combat nematode infestations on field crops. In the anticipated period of 2022–2027, Asia–Pacific is expected to experience significant increase due to the surge in nematicide products in the region.

Market Key PlayersVarious key players are discussed in this report such as Corteva Incorporation, BASF SE, Adama Ltd, FMC Corporation, Nu farm, UPL Limited, ISAGRO Group, Valent U.S.A. LLC, Bayer AG, Syngenta Crop Protection AG, and AMVAC Chemical Corporation.

Market Taxonomy

By Product Type

• Fumigant
• Bio-based nematicides
• Chemical nematicides

By Formulation

• Liquid
• Solid

By Application

• Grains & Cereals
• Pulses & Oilseeds
• Commercial Crops
• Fruits & Vegetables
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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?