Nematicides Market : Projected to Expand with a 4.69% CAGR to Reach USD 2.1 Billion by 2030
Nematicides Market Overview
Market size
for nematicides is anticipated to grow at a CAGR of 4.69% between 2022 and
2030, reaching USD 2.1 billion by the end of that year. More than 15,000
different species of roundworms are collectively referred to as nematodes in
science. Nematode species that destroy crops are typically quite small. Plants'
flowers, leaves, stems, and roots are all vulnerable to nematicides market. Root lesions, root knots, and
stunted root systems are caused by nematodes attacking the roots, which causes
the crop to fail.
To feed on
plants, nematodes assault them. Nematodes can therefore severely harm plants by
consuming their fruits and blossoms, which affects yield. To manage and
eliminate nematodes, utilise nematicides.
The global
nematicides market is anticipated to expand because of nematicides' ability to
boost nutrient uptake and water use efficiency, which lowers the cost of
fertilisers and irrigation and increases crop yields. The worldwide nematicides
market is predicted to increase as integrated pest control is increasingly used
throughout the world and nematicides' advantages become more widely known. The
development of the worldwide nematicides market, however, may be constrained by
the damaging effects of synthetic nematicides on soil.
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Halogen
compounds and other fumigants are applied more frequently than organophosphate
and carbamate because soil fumigation is a widely used method for preventing
root-knot nematodes in vegetable crops.
Farmers are,
however, increasingly using liquid nematicides that are non-fumigant because to
growing worries about the impact on the environment and public health.
Key
Players identified in the nematicides market include :
BASF SE (Germany), ,Bayer Cropscience AG (Germany), ,The DOW Chemical
Company (US), ,The Monsanto Company (US), ,Syngenta AG (Switzerland), ,FMC
Corporation (US), ,ADAMA Agricultural Solutions Ltd. (Israel), ,Ishihara Sangyo
Kaisha Ltd. (Japan), ,Valent USA (US), ,Simbiose Agrotecnologia Biologica
(Brazil), ,Marrone Bio Innovations Inc. (US), ,American Vanguard Corporation
(US), ,Isagro Group Spa (Italy), ,Nufram Limited (Australia), ,Sumitomo
Chemical Co., Ltd (Japan)
Segmentation
The market
for nematicides has been divided into segments by kind, form, crop type,
application mode, and geography.
The global
nematicides market has been divided into categories based on kind, including
fumigants, carbamates, organophosphates, and others.
Based on
form, the worldwide
nematicides market has been divided into two categories: liquid and dry.
Depending on
the kind of crop, the global nematicides market has been segmented into fruits
and vegetables, cereals and grains, oilseeds and pulses, and others.
The global
nematicides market has been segmented into seed treatment, irrigation,
fumigation, and others based on the method of application.
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Regional
Analysis
Four major
regions have been examined in depth: North America, Europe, Asia-Pacific, and
the rest of the globe. The US, Canada, and Mexico have each been given their
own segment of the North American nematicides market. The United Kingdom,
Germany, France, Italy, Spain, and the rest of Europe are included in the
classification of the European nematicides market. The markets for nematicides
in China, India, Japan, Australia, New Zealand, and the rest of Asia-Pacific
have been separated. In the remainder of the world, the nematicides market has
been divided into South America, the Middle East, and Africa.
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