The global nematicides market was valued at USD 1.36 billion in 2023 and is anticipated to reach USD 1.42 billion in 2024 from USD 2.03 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.56 % during the forecast timeline from 2024 to 2032.
Nematicides are pesticides used to kill various types of worms like Nematodes. These Nematicides are usually applied in various ways like fumigants and Non-Fumigants. Fumigant Nematicides usually have high volatility and diffuse easily through the soil. Non-fumigant nematicides should be mixed carefully with the soil.
Nematicides increase the fertility of the soil, aside from protecting plants from parasites. This trait is driving the market significantly owing to the decreasing Agricultural lands because of the growing industrialization. Increasing the prevalence of infections and rising investments from administration bodies for agricultural purposes are driving the Nematicides Market. However, Environmental Hazards caused by synthetic Nematicides are restricting the growth of the market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
4.56% |
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Segments Covered |
By Type, Form, Application, Mode of Application and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, Bayer CropScience AG, The Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company |
North America dominated the global market in terms of consumption owing to the rising demand for healthy food and a decrease in agricultural lands. Asia-Pacific is expected to be the fastest-growing region owing to the growing demand for food from a large population and increasing industrialization.
The key players in this market are BASF SE, Bayer CropScience AG, Dow Chemical Company, E.I. Du Pont De Nemours and Company, and Monsanto Company. The other companies that are profiled are Syngenta AG, FMC Corporation, Adama Agricultural Solutions Ltd., Ishihara Sangyo Kaisha Ltd., and Valent Corporation.
By Type
By Form
By Application
By Mode of Application
By Region
Frequently Asked Questions
The growth of the nematicides market is primarily driven by increasing global population leading to higher demand for food, coupled with the rising prevalence of nematode infestations in agricultural crops. Additionally, technological advancements and the introduction of environmentally friendly nematicides are contributing to market growth.
One major challenge faced by the nematicides market is the regulatory restrictions on certain chemical nematicides due to their harmful effects on human health and the environment. Another challenge is the development of resistance to conventional nematicides in nematode populations, leading to reduced efficacy.
Some current trends in the nematicides market include the shift towards biological and eco-friendly nematicides, the adoption of precision farming techniques for targeted application of nematicides, and the integration of nematicides with other pest management practices such as crop rotation and soil health management.
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