According to the report by Expert Market Research (EMR), the global nematicides market is projected to grow at a CAGR of 4% between 2024 and 2032. Aided by the intensifying battle against nematode infestations in agriculture, the market is expected to grow significantly by 2032.
Nematicides are a class of chemical or biological agents specifically used to target nematodes – microscopic, worm-like organisms that can cause significant damage to a wide range of crops. They are applied to soil or plants to control nematode populations, thereby safeguarding crop health and yield. Nematicides are crucial in managing soil health and are used across various crops including fruits, vegetables, grains, and ornamental plants.
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The nematicides market growth is fuelled by several factors. Rising global food demand, driven by the growing world population, necessitates higher crop yields, subsequently increasing the reliance on pest control solutions. The expansion of high-value crops, which are more susceptible to nematode damage, also contributes to the growing demand for nematicides. Additionally, the shrinking arable land area underscores the need for effective crop protection chemicals to maximize yields from available land.
As per the nematicides market analysis, the development of bio-nematicides, derived from natural or biological sources, is gaining traction as a sustainable and eco-friendly alternative to chemical nematicides. Advances in biotechnology are enabling the creation of genetically modified crops with inherent resistance to nematodes. Additionally, the integration of nematicides with precision agriculture technologies is improving application efficiency and reducing environmental impact.
To sustain and augment its growth, the market for nematicides must focus on several strategic areas. Continued investment in research and development for the development of safer, more effective, and environmentally friendly nematicides is critical. Expanding awareness and training among farmers regarding the proper use and benefits of nematicides can enhance market penetration. Collaborations between agrochemical companies and agricultural research institutes can foster innovation and influence the global nematicides market outlook. Moreover, adapting to the evolving regulatory landscape and consumer preferences towards organic farming practices is vital for long-term sustainability.
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Nematicides Market Segmentation
The market can be divided based on chemical type, nematode type, formulation, application, and region.
Market Breakup by Chemical Type
- Fumigants
- Organophosphates
- Carbamates
- Bio-Nematicides
Market Breakup by Nematode Type
- Root-knot Nematode
- Cyst Nematode
- Others
Market Breakup by Formulation
- Liquid
- Granular
- Others
Market Breakup by Application
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global nematicides market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bayer AG
- FMC Corporation
- Syngenta
- ADAMA Agricultural Solution Ltd.
- Marrone Bio Innovations, Inc.
- UPL Limited
- Others
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