Nematicide Market

The Nematicide Market is valued at USD 2.7 Bn in 2026 and is projected to reach USD 4.3 Bn,  growing at a CAGR of 7% by 2033.

Nematicide Market Remains Influenced by Stringency of Regulation to Phase out Chemical-based Products

The need for nematicides is rising throughout various locations due to their effectiveness being established, the adoption of more sophisticated farming methods, and the development of bio-nematicides, all of which are projected to fuel growth. On the other side, given that it has come under growing scrutiny from politicians, the worldwide nematicide market is also anticipated to face significant obstacles. Aldicarb, a popular product on the market, just had its use prohibited in the EU. Additionally, significant businesses like Dow Chemicals were recently hit with US$600 Mn in fines and penalties. The market is anticipated to experience consistent expansion despite the significant obstacles, partly because of the numerous new prospects. Worldwide regulatory organizations control the nematicides business. In contrast to Asia Pacific that has a robust regulatory framework for regulating the introduction and use of these nematicides, pesticide law in Europe is strict, which has led to the phase-out of a variety of hazardous chemicals.

Global market expansion has been facilitated by the growing adoption of organic farming and sustainable agricultural techniques. Bionematicides can now be used as a result of this. Seed treatment has also become a prominent area of focus as the emphasis on improving crop quality, and production has grown. In April 2022, To address the long-standing issue of safeguarding endangered species from pesticides, the Environmental Protection Agency (EPA) of the United States created its first-ever comprehensive action plan. The plan outlines four general strategies and numerous detailed actions for putting these protections into place while granting farmers, public health officials, and other users of pesticide access. In August 2018, Several Bayer CropScience companies and assets were purchased by BASF SE (Germany). This acquisition would be advantageous for crop protection, biotechnology, and digital farming. This purchase allowed the company to enter the non-selective herbicide, and nematicide seed treatment markets. Such developments present the nematicide market with newer opportunities.

Nematicide Market: COVID-19 Impact

Due to different socioeconomic factors, the pandemic epidemic has caused the worldwide market to slow down. Nematicide producers in various economies encounter difficulties because of the irregular availability of raw materials and manpower constraints, much like the traditional pesticides sector. Price gouging by some logistics companies due to the limited number of transporters has become a serious issue. The nematicide market supply chain was hampered by the outbreak's temporary restrictions on the aviation industry, a ban on foreign flights, and a decrease in the transportation of dry bulk goods. The situation's uncertainties brought on a decrease in product demand.

The revenue earned by the crop protection product segment for the top market players decreased somewhat in 2020. For instance, sales of Bayer AG's crop sciences products fell 5% in 2020 compared to 2019 at the German multinational life sciences company. Sales decreased due to a change in consumer demand and poor product registration brought on by the COVID-19 interruption. Additionally, growers continue to put up a lot of effort to maintain enough food production, which is projected to benefit productivity growth. Governments have declared agricultural operations crucial. Even after the COVID-19 epidemic, it is anticipated that both well-known and specialized businesses will aggressively pursue digital solutions to maintain income generation.

Growing Need to Improve Agricultural Produce Quality and Output to Accelerate  Nematicide Market Growth

Growing consumer demand for premium crops and an increase in nematode infestation on crops are two factors impacting the growth of the global nematicide market. High-value agricultural items include fish, milk, eggs, meat, veggies, and fruits. These items are categorized as agricultural items with high economic worth per kg (or pound), per calorie, or hectare. Demand for high-value crops is driven by rising disposable income, accelerated urbanization, and increased knowledge of the health advantages of fruits and vegetables (plantation crops, vegetables, and fruits). In addition, increasing FDI has led to an increase in high crop yield. Nematodes increase the yield and quality of high-value crops such as decorative plants, ornamental plants, tomatoes, cotton, maize, grapes, fruits, and other vegetables.

Increasingly Rising Food Demand to Drive Nematicide Market Growth

The demand for food items is rising as there is a greater focus on food security and safety to attain a sustainable future. Regarding satisfying demand, agriculture is one of the most important businesses. The growing need for grains to fight malnutrition and famine is mostly the fault of developing countries, claims the New Zealand Digital Library's 2020 study. The demand for grain from emerging nations was 1,675 million MT in 2020. Because of their rapid economic development and expanding urbanization, developing nations in the Asia Pacific region are anticipated to make up for half of the rise in the world's demand for grain. However, pest and pathogen attacks on crops reduce yields, forcing growers to utilize nematicides to boost quality and quantity. The Food and Agriculture Organization (FAO) estimates that crop losses caused by nematode infection occur annually at about 12.3%, or about US$77 Mn. To combat this, farmers boost productivity, yielding more from each available hectare of land and stimulating the nematicide market for high-quality nematocides.

Expensive Installations, and Additional Costs to Hamper Nematicide Market Growth

With the high cost of their components, such as compressors, condensers, and evaporators, Nematicide often has a high installation cost. The pricey control systems employed in modern refrigeration systems also increase the installation cost. In addition, certain hydrocarbons and ammonia are caustic and flammable refrigerants. Similarly, breathing in excessive ammonia levels is poisonous and potentially fatal. When dealing with ammonia-based refrigeration systems, safety equipment is thus needed. Along with the installation cost, additional expenses like routine maintenance, staff training, and the high energy cost further raise overall operating costs, limiting nematicide market expansion.

Fumigants to Dominate Nematicide Market Based on Improved Efficiency, and Mutability

Since the active ingredient in fumigants is gas, they are broad-spectrum nematicide compounds. Neither the soil nor the plants can bind or absorb pesticides. As a result, they are highly effective and have a short residual pesticide action duration compared to other varieties like carbamate and organophosphate. They are efficient against various soil-borne pests and diseases and eradicate plant-parasitic nematodes. They are used to sanitize the soil and lower the possibility of yield loss from pests that are carried in the soil in high-value crops like fruits and vegetables. Fumigants have a variety of benefits, which are anticipated to maintain the segment's consistent rise in global nematicide market. On the other hand, liquid formulation remains preferred in the nematicide market owing to its simpler formulation, and ease of use. Liquid nematode control products are in high demand among farmers worldwide, which helps with prevention of potential wastage, and deterioration of nematicides caused by their contamination.

North America’s Dominance in Nematicide Market with Introduction of Microorganisms as Potential Bionematicides

The US produces a sizable portion of the world's soybeans and their byproducts, making up a sizeable portion of the oilseeds market. Although the food and feed industries make up the majority of the demand for oilseeds, Mexico's legislative environment for the country's biofuel industry has been evolving. In the biofuel industry, the use of oilseeds is evolving as well. Because of the cattle business, there has been a significant increase in the need for grains in Canada. The nations depend on imports from South American nations like Argentina, and Brazil because they are not totally self-sufficient. Companies have been concentrating on the development of microorganisms that can be utilised as bionematicides due to the growth of the nematicide market for them in North American nations like the US, and Mexico. For instance, in 2020 Syngenta (Switzerland) unveiled the brand for its TYMIRIUM technology platform. For both seed and soil treatments, a cutting-edge nematicide and fungicide technology is being created. The active ingredient cyclobutrifluram is the foundation of the TYMIRIUM technology, which offers long-term defence against a variety of nematode pests and diseases in all significant crops and regions. For instance, In 2021 for Columbia, Bayer (Germany) will have a monopoly on the use of nematicide seed treatments for both corn, and soybeans, according to the US District Court report.

Global Nematicide Market: Competitive Landscape

The need for nematode control products is anticipated to develop faster due to the enormous expansion in cultivating high-value crops such as fruits, and vegetables. Due to the increased demand for this product, major businesses are being drawn to broaden their product lines and distribution networks to expand their market share, and customer bases. Some of the essential tactics used by the leading competitors to compete in the global nematicide market include mergers and acquisitions and new product development. For instance, in December 2021, Under the brand name Votivo Prime, BASF SE introduced the first bionematicide in Brazil. The bionematicide is based on the bacteria Bacillus Firmus, which strengthens the roots and lessens stressors on soybean, rice, wheat, corn, and cotton. Combining the product with other biopesticides and chemicals is safe.

The nematicide market is a tightly-knit industry where the leading companies hold a dominant position. The leading companies in the industry are American Vanguard Corporation, Bayer AG, Syngenta International AG, Corteva Agriscience, and UPL Limited. The other well-known companies operating in the nematicide market include 

• BASF SE
• Syngenta AG (ChemChina)
• Corteva Agriscience
• Bayer AG
• Nufarm Limited
• Sumitomo Chemical Co., Ltd.
• UPL Limited
• ADAMA Ltd.
• FMC Corporation
• Valent U.S.A. LLC
• ISK Biosciences Corporation
• Arysta LifeScience (now part of UPL)
• Gharda Chemicals Ltd.
• Dhanuka Agritech Ltd.
• Tata Chemicals Limited

Global Nematicide Market Segmentation Can be Given as Below:

By Type

• Fumigants
• Organophosphate
• Carbamate
• Bio-based

By Crop

• Vegetables
• Field Crops
• Fruits
• Others

By Formulation

• Liquid
• Granular/Emulsifiable Liquid
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa