"Yield Higher Revenue with our Exclusive Insights "

Nematicides Market Size, Share & COVID-19 Impact Analysis, By Type (Fumigants, Organophosphate, Carbamate, Bio-based Nematicides), Crop (Vegetables, Field Crops, Fruits, and Others), Formulation (Liquid, Granular or Emulsifiable Liquid, and Others), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI101609

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global nematicides market size stood at USD 1,439.2 million in 2019 and is projected to reach USD 2,055.3 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.


Amplified demand for high-value crops such as fruits and vegetables and rising incidence of nematode infestation are leading to the increasing demand for nematicide products. Higher acceptance and appreciation of the product amongst growers in developing as well as developed countries are influencing the market growth trajectory. Besides, the ongoing research and development activities for the production of sustainable nematicides are fueling the present growth scenario.


Coronavirus Outbreak: Disrupted Supply of Raw Material to Impede Market


The Covid-19 global pandemic disrupted operations across all agri-inputs sectors. The supply chain of the market includes an interconnection between raw material transport, manufacturing plants, manufacturers, and transportation & logistics. The spread of COVID-19 has affected the supply chain around the world. Also, with the uncertainties allied with the pandemic’s duration and nature, the supply-chain disruption is expected to continue.


The global nematicides market remains to be challenged by the economic and logistics impacts of Covid-19. Nonetheless, the effects are irregular across markets and not all undesirable. For instance, the sudden outbreak of COVID-19 has had a big impact on cash flow, disruption in raw material procurement, and product distribution but the demand for nematicides is expected to increase post-COVID-19 to ensure overall food security. The prominent, as well as niche companies, are expected to rigorously enter digital solutions to continue the revenue generation, which can serve as an opportunity for company growth even after COVID 19 pandemic. This pandemic has taught the companies that there could be capacity concerns during these kinds of global crises, and companies must learn to adapt to this new normal.


LATEST TRENDS


Request a Free sample to learn more about this report.


Proliferating Demand for Sustainable Agri-inputs to Support High Growth Trajectory


The increasing environmental concerns and health problems caused due to synthetic agri-inputs have led to the significant demand for sustainable agri-inputs such as bio-based nematicides. Organic farming is gradually encouraged as an ideal substitute for conventional practice to reduce the overall impact on human beings and the environment. The favorable growth trajectory of organic farming is predicted to benefit the future growth of bio-based nematicides with stronger demand dynamics for bio-based plant protection solutions during the forecast period.


DRIVING FACTORS


Ever-rising Demand for Food is Playing a Crucial Role in the Market Growth


Agriculture is one of the most crucial economic sectors in the world. The rapidly increasing population is urging growers to utilize pesticides such as nematicides to improve yield quantity as well as quality. Moreover, the strong emphasis from governments and other stakeholders on the organic and sustainable mode of farming has increased the utilization of bio-based nematicides among farmers.


The decreasing agriculture production due to nematode damage is expected to be a favorable factor for market growth. For instance, according to the Food and Agriculture Organization (FAO), on a global basis, annual crop losses due to nematode infestation have been estimated to approximately 12.3%, amounting to some US$ 77 million yearly. 


Rising Investment in R&D Activities to Support Market Growth


The rising investment by prominent market players in the research and development of innovative products is anticipated to positively impact market growth. For instance, in September 2019, FMC Corporation introduced its new product, Presence. The company claims that this is the first microbiological nematicide in the Brazilian market permitted for use on seeds. The product has brilliant stability and the highest concentration in the market and it will benefit the overall plant health by promoting root growth.


RESTRAINING FACTORS


High Environmental Risk is Restricting the Market Growth


High environmental risk allied with the utilization of synthetic pesticides is predicted to hamper market growth. The uses of synthetic pesticides have recorded extensive and large-scale damage to the environment. Thus, there has been a strong call of action regarding the improvisation in traditional agricultural solutions and limitations on the use of synthetic pesticides. These above-mentioned factors can negatively impact market growth.


SEGMENTATION


By Type Analysis


Fumigants Segment to Lead the Market During the Forecast Period


The fumigants segment held the largest share in the global market in 2019. Fumigants are broad-spectrum nematicide products where the active component transfers through the soil as a gas. Fumigants are not bound by soil or taken up by plants, thus they have a small period of residual pesticidal activity and they are highly effective compared to other nematicides such as organophosphate and carbamate. The aforementioned factor is expected to aid the fumigant's growth in the upcoming years.


At present, the bio-based nematicides segment is growing at the highest pace in the global market. The increasing popularity and adoption rate of bio-based nematicide products is predicted to be a favorable factor for market growth. The long term use of bio-based nematode control products for crop cultivation is eco-friendly, economical, and more effective over chemical-based nematicides, which is expected to increase the utilization of bio-based nematicide products in forthcoming years.


By Crop Analysis


To know how our report can help streamline your business, Speak to Analyst


Application of Nematicides in the Production of Vegetables to Remain High


The vegetable segment is predicted to hold the largest market share due to the rising incidences of nematode infestation on numerous vegetables such as carrots, potatoes, and tomatoes. Nematode-infected roots become damaged and distorted which hamper the quality and quantity of the product. Moreover, nematodes also aggravate the harmful effects of fungi and bacteria. Hence, vegetable growers use nematicide products to treat nematodes and avoid product losses. The increasing farmer's inclination towards the cultivation of organic fruits, vegetables, and cereals is expected to boost the demand for bio-based nematicide products in upcoming years.


By Formulation Analysis


Liquid Formulation of Nematicides is Extensively Utilized among Farmers


The liquid formulation of the product has secured a larger revenue chunk in 2019, and the segment is anticipated to grow at a significant pace throughout the forecast period. The demand for liquid nematicide products is high among the farmers across the globe owing to ease of application, convenience in the usage of the product & to evade any wastage or spoilage of the product due to contamination. Nonetheless, the granular or powder formulation of the product is also gaining traction among farmers due to the comparatively long shelf life, easy storage, and transport of the product.


REGIONAL INSIGHTS


North America Nematicides Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample


North America is the leading market at present and it is projected to hold a major proportion of the global market share during the foreseeable years. The regional market is expected to grow at the fastest pace mainly because of the phase-out and restrictions of hazardous and older solutions and intensive research performed by prominent market players to develop sustainable and effective nematode control. The presence of prominent players such as Bayer Crop Science AG, Marrone Bio Innovations, and The Dow Chemical Company in the U.S. is likely to act as a growth booster for the market in the region.


The demand for nematode control products in Asia Pacific is predicted to remain promising during the upcoming years owing to the rising cultivation of high-value crops such as vegetables and fruits. As a result, numerous prominent market players operating in the global market are expanding their business in the region. For instance, in 2019, Bayer Crop Science AG has announced the launch of nematicide for Australia. The product Indemnify will help the farmers to control plant-parasitic nematodes. Moreover, high profit linked with the export of organic vegetables and fruits is forcing farmers to use bio-based nematicide products, which is another reason ascribed to the latent growth of the nematicides industry within the region.


To know how our report can help streamline your business, Speak to Analyst


The rising infestation of nematodes on major crops such as potatoes and sugar beet is affecting the overall quality and quantity of the crops, which will propel the growth of the market in Europe. The demand for bio-based nematicides is increasing in various European countries due to rising awareness regarding the benefit of bio-based nematicides and increasing government support for the utilization of organic solutions. The South American market is driven by the rising demand for efficient agriculture products and declining food production rates because of nematodes infestation.


KEY INDUSTRY PLAYERS


Emphasis on Innovative Product Development to Positively Aid Market Growth


The tremendous increase in the cultivation of high-value crops such as fruits and vegetables is expected to upsurge the demand for nematode control products at a stronger pace. The rising demand for this product is gravitating major players to diversifying their product portfolio and distribution network to increase their market reach and consumer base. BASF SE is one of the leaders operating in the nematode control products market. Mergers & acquisitions and new product development are some of the crucial strategies adopted by the company to compete in the global market. For instance, in August 2018, BASF SE announced the complete acquisition of a wide range of businesses and assets from Bayer Crop Science AG (Germany). This acquisition will help BASF SE to enter the nematicide seed treatment markets.


LIST OF KEY COMPANIES PROFILED:



  • BASF SE (Ludwigshafen, Germany)

  • Bayer Crop Science AG (Leverkusen, Germany)

  • FMC Corporation (Philadelphia, United States)

  • The Dow Chemical Company (Michigan, United States)

  • Syngenta (Basal, Switzerland)

  • ADAMA Agricultural Solution Ltd. (Airport City, Israel)

  • Nufarm Limited (Laverton North, Australia)

  • Marrone Bio Innovations (California, United States)

  • American Vanguard Corporation (California, United States)

  • UPL Limited (Mumbai, India)


KEY INDUSTRY DEVELOPMENTS:



  • In May 2020, Gropro Corporation, a U.S.-based producer and distributor of bio crop protection solutions announced the launch of new nematode control i.e. Vigilance Nematicide.

  • In March 2019, Syngenta announced a new beneficial spot treatment rate for Divanema Nematicide. The spot treatment rate of 12.2 oz./10,000 ft.2 is beneficial as more product is available to turf roots and plant tissue.

  • In April 2019, IHARA announced the launch of seed treatment product CERTEZA N for control of nematodes in Brazil. The active ingredient present in the product will help to control nematodes in soybeans and corn.


REPORT COVERAGE


An Infographic Representation of Nematicides Market

To get information on various segments, share your queries with us



The report provides qualitative and quantitative insights on the market and a detailed analysis of market size and growth rate for all possible segments in the market. Along with this, the market research report provides an elaborative analysis of the market dynamics, swot analysis, and competitive landscape. Various key insights provided in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends.


Report Scope & Segmentation














































ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million)



By Type




  • Fumigants

  • Organophosphate

  • Carbamate

  • Bio-based Nematicides



By Crop




  • Vegetables

  • Field Crops

  • Fruits

  • Others



By Formulation




  • Liquid

  • Granular/ Emulsifiable Liquid

  • Others



By Geography




  • North America (Type, Crop, Formulation, and Country)

    • U.S. (By Formulation)

    • Canada (By Formulation)

    • Mexico (By Formulation)



  • Europe (Type, Crop, Formulation, and Country)

    • U.K. (By Formulation)

    • Germany (By Formulation)

    • France (By Formulation)

    • Italy (By Formulation)

    • Spain (By Formulation)

    • Netherland (By Formulation)

    • Rest of Europe (By Formulation)



  • Asia-Pacific (Type, Crop, Formulation, and Country)

    • Japan (By Formulation)

    • China (By Formulation)

    • India (By Formulation)

    • Australia (By Formulation)

    • Rest of Asia- Pacific (By Formulation)



  • South America (Type, Crop, Formulation, and Country)

    • Brazil (By Formulation)

    • Argentina (By Formulation)

    • Rest of South America (By Formulation)



  • The Middle East & Africa (Type, Crop, Formulation, and Country)

    • South Africa (By Formulation)

    • Israel (By Formulation)

    • Rest of the Middle East & Africa (By Formulation)





Frequently Asked Questions

Fortune Business Insights says that the global market was USD 1,439.2 million in 2019 and is projected to reach USD 2,055.3 million by 2027.

Growing at a CAGR of 4.7%, the market will exhibit robust growth during the forecast period (2020-2027)

The fumigants segment is expected to hold a prominent share during the forecast period.

The increasing cultivation of high-value crops is anticipated to drive the growth of the global market.

BASF SE, Bayer Crop Science AG, Syngenta, FMC Corporation are some of the prominent players in the market.

North America is expected to hold the highest market share in the global market.

The demand for nematicides in liquid form is expected to remain high in the global market.

Proliferating demand for sustainable agri-inputs is an emerging trend in the global market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Nematicides Market Size, Share and Global Industry Trend Forecast till 2026
  • Dec, 2020
  • 2019
  • 2016-2018
  • 164

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X