Nematicides Market to Reach USD 2.54 billion by 2032; Sumitomo Chemicals Launches Aveo to Spur Growth during the Forecast Period

The global nematicides market size was valued at USD 1.66 billion in 2024. The market is projected to grow from USD 1.72 billion in 2025 to USD 2.54 billion by 2032, exhibiting a CAGR of 5.69% during the forecast period.

This information is presented by Fortune Business Insights, in its report, titled, “Nematicides Market Size, Share & COVID-19 Impact Analysis, By Type (Fumigants, Organophosphate, Carbamate, Bio-based), By Crop (Vegetables, Field Crops, Fruits, and Others), By Formulation (Liquid, Granular or Emulsifiable Liquid, and Others), and Regional Forecast, 2025-2032.”

Augmented recognition and obligation of the product between farmers in emerging as well as established economies are impacting the market growth. Additionally, the enduring research and development actions for the production of such products are navigating the current growth circumstance.

Interrupted Supply of Raw Material Hampered Market Growth during COVID-19

The pandemic outbreak led to the slowdown of the global market on account of several socio-economic fluctuations. Similar to the conventional insecticides industry, producers of nematicides throughout numerous nations confront jeopardies, owing to the patchy supplies of raw materials and labor deficiencies. Price extorting by a few logistics corporations owing to the obstructed obtainability of carriers has arisen as a substantial difficulty. There were temporary restrictions on the aviation sector, prohibitions on international flights, and deterioration in the dry bulk cargo mobility owing to the outbreak that interrupted the supply chain of the market. The indecisions related to the situation led to a drop in product demand.

Bayer Unveils Velum Solution Aiding Farmers Battle Nematodes and Maximize Crop Yields

Lately, Bayer declared the unveiling of Velum Prime 400SC (mentioned as Velum), a suspension-focused nematicide for regulating nematodes in coffee, pepper as well as cabbage. Velum Prime 400 SC is the prime nematicide that particularly constrains the nematode’s generation of cellular energy. It presents farmers with operative nematode protection that aids to support plant vigor and maximize crop yield latent.

Velum Prime is a more ecologically welcoming nematicide utilized to regulate nematodes in numerous crops involving tobacco, potatoes, and tomatoes. Infield hearings, Velum has displayed a considerable rise in yield and superiority in a comprehensive range of crops in other African nations. Their main motive has also been assisting to generate value for farmers through refined yields.

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Growing Investment in R&D Actions to Encourage Market Growth

The increasing emphasis of prime players on emerging inventive and novel crop protection solutions has swayed them to capitalize on research and development, affirmatively affecting the market growth. For example, in May 2020, Syngenta launched the TYMIRIUM technology platform brand. It is a ground-breaking nematicide and insecticide technology advanced for seed and soil applications. Syngenta's capitalization in progression, such as TYMIRIUM technology, validates the corporation’s assurance to offering farmers gears that aid them in effectively augmenting manufacturing.

Key Players Present Products to Spur Market Growth

The fundamental companies implement numerous tactics to bolster their position in the market as dominating firms. One such pivotal notion is attaining corporations to thrust the brand recognition among consumers. Additionally, an effective tactic is occasionally to introduce groundbreaking products with a complete review of the market and its target users.

Notable Industry Development:

• August 2021: Sumitomo Chemicals launched bio nematicides named Aveo in Brazil for biological seed treatment for combating nematodes. The product presents a sequence of profits for plants, security, and great efficiency in administering nematodes.

List of Key Players Mentioned in the Report:

• Bayer AG (Germany)
• UPL Limited (India)
• FMC Corporation (U.S.)
• Corteva Agriscience (U.S.)
• Syngenta (Switzerland)
• BASF SE (Germany)
• Sumitomo Chemical Co., Ltd. (Japan)
• Nufarm Limited (Australia)
• Marrone Bio Innovations (U.S.)
• American Vanguard Corporation (U.S.)

Further Report Findings:

North America held the largest nematicides market share and stood at USD 510.86 million in 2021. North America is a leading market for nematode control products at present, and it is projected to hold a major proportion of the global market share during the foreseeable years.

The liquid formulation of the product secured a larger revenue chunk, and the segment is anticipated to grow at a significant pace throughout the forecast period.

Table of Segmentation: