Nematicides Market Report 2022-2027 Size, Share, Top Companies Overview, Growth Trends and Forecast
According to the latest report by IMARC Group, titled "Global Nematicides Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global nematicides market reached a value of US$ 1.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.84 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Nematicides are chemical pesticides used to prevent crops from plant-parasitic nematode (PPN) infection. They are produced with different microorganisms, such as fungus, bacteria, and other inert materials, that do not cause any harm to the soil fertility and quality of various crops. They are also available in dry and liquid variants that can be used at every stage of the plant lifecycle. Owing to these properties, nematicides find extensive applications in the agriculture sector across the globe.
Year Considered to Estimate the Market Size:
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Nematicides Market Trends and Drivers:
The market is primarily driven by the growing consciousness among farmers about crop losses caused due to pest attacks. Besides this, as several nematicides have been banned due to their health and environmental hazards, various key players are introducing bio-nematicides that are environment-friendly, less toxic, and do not have any adverse effect on plant growth.
They are also making huge investments in research and development (R&D) activities to develop more sustainable product variants. This, coupled with the rising trend of organic farming on account of growing health consciousness among consumers, is also escalating the demand for bio-based nematicides across the globe.
Moreover, the increasing population and a consequently rising need for food worldwide are anticipated to propel market growth in the coming years.
Global Nematicides Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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The report has segmented the market on the basis of region, chemical type, nematode type, formulation and application.
Breakup by Chemical Type:
• Fumigants
• Organophosphates
• Carbamates
• Bio-Nematicides
Breakup by Nematode Type:
• Root-knot Nematode
• Cyst Nematode
• Others
Breakup by Formulation:
• Liquid
• Granular
• Emulsifiable Concentrates
• Others
Breakup by Application:
• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Others
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
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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