Nematicide is a chemical pesticide used to kill plant-parasitic nematodes. It is a broad-spectrum toxicant possessing high volatility, which helps in promoting migration through the soil. Nematodes are microscopic parasitic worms that are mostly found in soil or water. Nematodes can cause looses in vegetables and other crops in home gardens and commercial farms. Nematicide is mostly applied in the procedure of fumigation, drenching, soil dressing, and soil treatment to reduce root system damage, increase water efficiency & nutrient-uptake, and decrease the cost of irrigation.
The increasing demand for infestation of nematodes in high-value crops such as cotton, soybean, fruits, and vegetables is the key driver driving the growth of the Global nematicides market during the forecast period. The continuous increasing investment in agricultural inputs such as seeds will drive growth in the market over the coming years. With the growing usage of active ingredients including methyl bromide and aldicarb will boost the adoption of new innovation control measures. Moreover, the high demand for sustainable agriculture in the global market and the growing demand for fruits & vegetables caused by the rise in population will have a positive impact on the global nematicides market. The introduction of nematicides by the key manufacturers in the market for fruits, vegetables, and field crops will attract a large number of farmers to opt for nematicides, thereby accelerating the demand of the market.
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Based on the type, the global nematicides market is segmented into fumigants, carbamates, organophosphates, bio nematicides, and others. The bio nematicides segment is expected to grow at a higher CAGR during the forecast period owing to the rising adoption of integrated pest management solutions and sustainable agriculture practices among the farmers. Various major players, such as Marrone Bio Innovations (US) and Valent BioSciences (US), are mainly focusing on the development of bio nematicide solutions for seed treatment. This product development will bolster the demand for bio nematicides market across the globe.
Based on the mode of application, the Global Nematicides market is segmented into fumigation, drenching, soil dressing, and seed treatment. The seed treatment segment is anticipated to lead the market over the forecast period due to the increasing adoption of high-value crops and genetically modified seeds. Key players in the market are focusing on the introduction of bio nematicide products to capture the seed treatment market. These factors will drive the demand of the seed treatment segment in the global nematicides market during the forecast period.
Based on the crop type, the Global Nematicides market is segmented into macro indicators, field crops, fruits & nuts, vegetables, and others. The vegetables segment is expected to grow at a higher CAGR during the forecast period due to the rising demand for organic vegetables, followed by the shift in the customer’s preference & taste. Moreover, the increasing cases of infestation on vegetables by different nematode species such as root-knot, lesion, and cyst nematodes will further propel the growing demand of the Global Nematicides market.
Based on the region, Asia-Pacific is anticipated to lead the market during the forecast period owing to the growing nematode infestation in vegetables such as tomatoes, potatoes, carrots, and peas in developing nations, including India and China. In addition to this, the recent scenario favoring the launch of nematicides will have a positive impact on the growth of the Global Nematicides market during the forecast period. The growing awareness about the usage of bio nematicides among the farmers and increasing demand for organic fruits & vegetables among the end-users will bolster the demand of the market in the Asia-Pacific countries.
Various notable players operating in the market include Corteva Agriscience, BASF SE, Isagro Group, Bayer AG, Syngenta Crop Protection AG, UPL Limited, Nufarm Ltd., FMC Corporation, AMVAC Chemical Corporation, Chr. Hansen Holding A/S, among others.
- In 2019, UPL acquired Arysta LifeScience (Arysta), a global leader of innovative plant protection solutions for USD 4.2 billion. This acquisition focused on increasing crop protection solutions and market expansion in Russia, Africa, and Eastern Europe.
The global nematicides market has been segmented based on nematode type, type, mode of application, form, crop type, and region. Based on nematode type, the market is segmented into root-knot nematodes, cyst nematodes, and other nematodes. Based on type, the market is segmented into fumigants, carbamates, organophosphates, bio nematicides, and others. Based on the mode of application, the market is segmented into fumigation, drenching, soil dressing, and seed treatment. Based on form, the market is segmented into granular form and liquid form. Based on crop type, the market is segmented into macroindicators, field crops, fruits & nuts, vegetables, and others.
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