The global nematocide market was valued at USD 2.13 billion in 2023 and is anticipated to reach USD 2.33 billion in 2024 from USD 4.74 billion by 2032, growing at a CAGR of 9.3% from 2024 to 2032.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the fertilizer industry. Nematocide is a chemical pesticide that is used to get rid of plant-parasitic nematodes. Nematocides are known to be broad-spectrum toxic substances that have high volatility and other features that promote migration through the soil.
Increasing industrialization that has resulted in a decrease in arable land is predicted to propel the market for nematocides. Hence, the demand for high-yielding crops has risen, too. Also, the rising population leading to greater food demand is estimated to drive market growth. Moreover, the awareness of the benefits of nematicides is also responsible for the prospering market. However, environmental restrictions are predicted to hinder market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
9.3% |
Segments Covered |
By Product, End Users, and Region. |
Various Analyses Covered |
Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
ASF SE, Bayer CropScience AG, Adama Agricultural Solutions Ltd, FMC Corporation, Monsanto, Syngenta AG, Dow AgroSciences, E.I. DU Pont De Nemours, and Company, Valent, among Others. |
The global nematocide market was dominated by North America. Asia Pacific is expected to show the highest CAGR during the forecast period.
ASF SE, Bayer CropScience AG, Adama Agricultural Solutions Ltd, FMC Corporation, Monsanto, Syngenta AG, Dow AgroSciences, E.I. DU Pont De Nemours and Company, Valent, among others. Are some of the market players dominating the global nematocide market.
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