IMARC Group, a leading market research company, has recently releases report titled “Nematicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nematicides market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Nematicides Market?
The global nematicides market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Nematicides are chemical substances or pesticides specifically designed to control or eliminate nematodes, which are microscopic worms that can cause damage to plants, crops, and agricultural systems. They work by various mechanisms to control nematode populations. They are applied to the soil before or during planting to target nematodes in the root zone. They can act as vectors for certain plant diseases, which transmit pathogens that can cause additional damage to crops.
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What are the growth prospects and trends in the nematicides industry?
The increasing awareness about crop losses due to pest attacks represents one of the primary factors driving the demand for nematicides around the world. Moreover, the rising need for nematicides to enhance overall agricultural production and protect adequate food availability for the continuously growing global population is favoring the growth of the market.
In addition, the growing usage of non-fumigant nematicides that can be applied before, during, or after planting through drip irrigation, soil drenching, or spraying onto the crop foliage to minimize population densities of nematodes and protect crops from damage is influencing the market positively.
Apart from this, leading players are introducing bionematicides that are environment friendly, selective, less toxic, and safer to use. Along with this, significant growth in the agriculture industry and the increasing adoption of organic farming practices worldwide are strengthening the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chemical Type:
Breakup by Nematode Type:
- Root-knot Nematode
- Cyst Nematode
Breakup by Formulation:
- Emulsifiable Concentrates
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
American Vanguard Corporation, BASF SE, Bayer AG, BioWorks Inc., Chr. Hansen Holding A/S, Corteva Inc., FMC Corporation, Isagro S.p.A., Marrone Bio Innovations Inc., Sumitomo Chemical Co. Ltd., Syngenta AG (China National Chemical Corporation) and UPL Limited.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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