How Strong Is The Growth In Nematicides Market Size And What Are The Predicted Growth Rates?
The nematicides market size has witnessed substantial growth overthe recent years. It is projected to increase from $1.69 billion in 2024 to $1.81 billion in 2025, marking a compound annual growth rate (CAGR) of 7.6%. The considerable growth in the historic period can be attributed to factors such as increased focus on crop protection, improvements in agricultural productivity, heightened emphasis on soil health, rising global food demand, and supportive regulatory influence.
The nematicides market size is anticipated to witness robust growth in the coming years. It is forecasted to elevate to $2.53 billion in 2029 at a CAGR of 8.7%. The forecasted growth can be chiefly attributed to the rise of organic farming practices, advances in precision agriculture, the impact of climate change, implementations of integrated pest management (IPM), and the adoption of alternative pest control methods. Major trends anticipated to shape the forecast period include the rise of sustainable agriculture certification, increased use of biological nematicides, research and innovation, data-driven decision-making, and the use of chemical nematicides.
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What Drives The Growth Of The Nematicides Market?
An increase in the demand for high-value crops is expected to boost the growth of the nematicides market in the future. High-value crops are those that give farmers a better net return per hectare compared to high-yielding winter rice. These include vegetables, potatoes, hybrid maize, fruits, and spices. Certain export criteria, particularly for high-value agricultural products, necessitate the removal of nematodes from various crops. For instance, in February 2024, data published by the Department for Environment, Food, and Rural Affairs (Defra) in the UK indicated that the demand for domestic human and industrial wheat for flour milling, which includes starch and bio-ethanol, increased by 2.8% in 2022 compared to 2021, reaching nearly 6 million tonnes. Hence, the rising demand for high-value crops is driving the growth of the nematicides market.
What Are The Dominant Segments In The Nematicides Market?
1) By Type: Fumigants, Bio Nematicides, Organophosphates, Carbamates, Other Types
2) By Form: Granular Or Powder, Liquid
3) By Crop Type: Fruits and Vegetables, Oilseeds, Cereals and Grains, Other Crop Types
4) By Application: Fumigation, Soil Dressing, Drenching, Seed Treatment, Other Applications
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Who Are The Major Players In The Nematicides Market?
Significant companies operating in the nematicides market include Adama Agricultural Solutions Ltd., BASF SE, Bayer Crop Science AG, Certis L.L.C, Corteva Inc., Crop IQ Technology Group, Horizon Group, Isagro Group, Marrone Bio Innovations Inc., Nufarm Limited, Syngenta AG, Dow Inc., UPL Limited, Valent L.L.C, Agri Life, BioWorks Inc., Brandt Consolidated Inc., Chr. Hansen Holding A/S, American Vanguard Corporation, FMC Corporation, Monsanto Company, Sumitomo Chemical Co. Ltd., Camson Bio Technologies Limited, Terramera Inc., Gowan Company LLC, AgBiome Inc., Novozymes A/S, Verdesian Life Sciences LLC, NemaLife Sciences LLC, AgroLiquid LLC, BioSafe Systems LLC.
What Are The Prevailing Trends In The Nematicides Market?
The emergence and implementation of technological advancements have become a significant trend in the nematicides market. Key players in the nematicides sector are focusing on developing new technological solutions to strengthen their positions. For instance, in September 2023, Bayer Inc., a Germany-based life science company, introduced solutions like Velum and Emesto that offer broad-spectrum protection against pests and diseases, thus improving crop yield and quality while promoting sustainable agricultural practices.
Which Region Dominates The Nematicides Market And Which Is Expected To Grow The Fastest?
In 2024, North America emerged as the largest region in the nematicides market, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. The nematicides market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Nematicides Market Report 2025 Offer?
The nematicides market encompasses the sales of nematicides by entities (organizations, sole traders, and partnerships) that produce compounds that harm or kill nematodes. Nematicides have typically been broad-spectrum toxicants with high volatility or other properties that facilitate soil movement. These are used to eradicate parasitic worms including roundworms and threadworms. The Nematicides Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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