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Nematicide Market Growth Drivers, Opportunities, Challenges, and Top Companies

The global nematicides industry is estimated to be valued at USD 1.9 billion in 2022. It is projected to reach USD 3.0 billion by 2027, recording a CAGR of 9.9 % during the forecast period. Nematicides are chemical pesticides used to kill plant-parasitic nematodes. They are applied to crops for protection from nematodes, resulting in enhanced yield and crop quality. Nematodes are tiny parasites, such as microscopic roundworms, found in large quantities in soil, water, and inside other plants and animals.

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Nematicide Market Growth Drivers, Opportunities, Challenges, and Top Companies

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  1. NematicideMarketGrowthDrivers,Opportunities,Challenges,TopCompanies,andRevenueForecastNematicideMarketGrowthDrivers,Opportunities,Challenges,TopCompanies,andRevenueForecast Theglobal nematicides industryisestimatedtobevaluedatUSD1.9billionin2022.ItisprojectedtoreachUSD3.0billionby2027,recordingaCAGRof9.9%duringtheforecastperiod.Nematicidesarechemicalpesticidesusedtokillplant-parasiticnematodes.Theyareappliedtocropsforprotectionfromnematodes,resultinginenhancedyieldandcropquality.Nematodesaretinyparasites,suchasmicroscopicroundworms,foundinlargequantitiesinsoil,water,andinsideotherplantsandanimals.Theyliveinafilmofwatersurroundedbysoil;thewaterfilmhelpsinthemaintenanceofbodyfluidsofnematodes.Availabilityofpesticideproducts,growingawareness,increaseinpestattacks,andgrowingpestresistancetowardcropprotectionproductsdrivethemultipleapplicationofpesticides,resultinginanincreaseinpesticideconsumptionacrosscountries. Nematicide Market Opportunities:Providingcustomizedtowardspecificpests solutionstargeted Withthegrowingenvironmentalandpollutionconcernsandhealthhazardsfrommanyconventionalagrochemicals,thedemandfornaturalbiologicalsisrisingsteadilyacrossregions.Customersarewitnessingahighdemandfornewbiologicalproductssuchasbionematicidestouseagainstnematodesonstandingcrops,whichcausecropdamages,therebyreducingtheoverallfarmyieldandquality.Onesuchinnovativemethodisseedtreatment,whichisgainingtractionduetoitslessornon-toxicnature,reducedcostofcultivation,andfavourableeffectontheyieldand

  2. qualityofcrops.Moreover,seedtreatmentistargetedtowardthedesiredpestsandimprovesefficiencyinnutrientuptake.qualityofcrops.Moreover,seedtreatmentistargetedtowardthedesiredpestsandimprovesefficiencyinnutrientuptake. Theuseofbiologicalsandrelatedalternativemanagementproductsisincreasing.R&Dteamsofmajorglobalplayersarealsoengagedindiscoveringtarget-specificinnovativeproductsbyusingbiologicalinsecticides,whichpromoteorganicagriculture.Forinstance,CropIQTechnologyannouncedthereleaseofNEMA-DEADin2018,theworld'sfirstorganicnematicidecombiningchemicalsandnaturalnematicidesinasingleformula.NEMA-DEADistherapeuticlikechemicalnematicidesandpreventivelikebiologicalnematicides,withnoresiduals.Itdoesnotproducestressontreatedplantsandcontainsbiostimulantsthathelpwoundedbiostimulantsovercomebioticchallenges. Similarly,Zelto,abiologicalnematicidedevelopedbyMarroneBioInnovations,isbasedonanon-livingbacteriumthatprovidesgrassprotectionbyemployingarevolutionarymethodofactionforsafelyreducinginsectpeststhatdestroyturfs,suchaschinchbugs,weevils,andcaterpillars.Also,somebiologicalinsecticides,suchasbacteria,fungi,andothermicroorganisms,areusedinresearchexperimentstoinventnewbiologicalproducts. DownloadPDFBrochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193252005 Challenges:Lackofawarenessandlowutilizationofbiologicals Asthemarketishighlyfragmentedattheregionallevel,awarenessregardingvariousbrandsislow.Despiteconsiderableeffortsbyagronomists,agriculturaluniversities,companies,andgovernmentsacrosstheglobeinrecentyears,mostfarmersareunawareofbiologicalproductsandtheirbenefitsinincreasingcost-yieldsustainability.Ontheotherhand,incountriessuchasIndiaandChinathatarethemostpopulouseconomiesandwhereagricultureisthemajorsourceofincomeformorethanhalfofthecountries’ population,fooddemandremainshigher,andfarmersarenotwillingtotakerisksbasedonproductioncapacityAlso,smallretailers,andshopkeepersareunwillingtostockandsellbiologicalsinthecountry,astheyfeeltheirqualityisunreliable. NorthAmericadominatedthenematicidemarket,withavalueofUSD0.54billionin2021;itisprojectedtoreachUSD0.91billionby2027,ataCAGRof 9.4%duringtheforecastperiod. TheUSisoneofthelargestsoybeanproducersanditsby-productsandcontributestoasignificantshareintheoilseedsmarket.Whileamajorportionofthedemandforoilseedsisfromthefoodandfeedindustries,theregulatoryframeworkforthebiofuelsectorofMexicohasbeenchanging.Thescopeforoilseedsinthebiofuelsectorisalsochanging.Canadahasbeenexperiencingahighdemandforgrains,stemmingfromthelivestockindustry.Thecountriesarenotentirelyself-sufficientanddependonimportsfromSouthAmericancountriessuchasBrazilandArgentina. ThemarketforbionematicideshasbeengrowinginNorthAmericancountriessuchastheUSandMexico;Companieshavebeenfocusingontheintroductionof

  3. microorganismsthatcanbeusedasbionematicides.Forinstance,Syngenta(Switzerland)introducedTYMIRIUMtechnologyplatformbrandin2020.Itisarevolutionarynematicideandfungicidetechnologythatisbeingdevelopedforbothseedandsoilapplications.TYMIRIUMtechnology,whichisbasedontheactivecomponentcyclobutrifluram,provideslong-termprotectionagainstawiderangeofnematodepestsandillnessesacrossallmajorcropsandgeographies.microorganismsthatcanbeusedasbionematicides.Forinstance,Syngenta(Switzerland)introducedTYMIRIUMtechnologyplatformbrandin2020.Itisarevolutionarynematicideandfungicidetechnologythatisbeingdevelopedforbothseedandsoilapplications.TYMIRIUMtechnology,whichisbasedontheactivecomponentcyclobutrifluram,provideslong-termprotectionagainstawiderangeofnematodepestsandillnessesacrossallmajorcropsandgeographies. Top Companies in the Nematicide Market KeyplayersinthismarketincludeBASFSE(Germany),IsagroS.P.A.(Italy),CortevaAgriscience(US),SyngentaAG(Switzerland),andBayerAG(Germany). BayerAG(Germany). BASFSEisoneofthegloballeadersinthecropprotectionindustry.Thecompanyoperatesthroughsurfacetechnologies,chemicals,materials,agriculturalsolutions,industrialsolutions,nutrition,andcare.Itoffersnematicidesolutionsthroughitsagriculturalsolutionsbusiness.Ithasabroadproductportfoliooffungicides,insecticides,seedtreatment,andpestcontrol.BASFofferssolutionswithinnematicidesforseedtreatment.ThecompanyisnowamongtheleadingplayersinthenematicidesmarketduetothestrategicacquisitionofBayerCropScience's(Germany)cropprotectionbusinessandassets,whichcomplementBASF’sagriculturalsolutionsbusiness.TheacquisitionisaimedatimprovingBASF’spresenceinEuropeandtheAsiaPacific,alongwithitsresearchactivitiesonherbicidesandnematicides.Thecompanyhasalsoinvestedinintroducingpatentedtechnologiesfornematodemanagementseedtreatment,whichwouldprovidegrowerswithenhancedprotectionagainstvariousdamagingnematodespeciesinrowcrops IsagroS.p.Aprimarilyfocusesonresearch,development,production,anddistributionofagriculturalproducts,suchasagropharmaceuticalsandBioSolutions.Thecompanyaimstoofferinnovativesolutionsforcropprotectionandstewardshipoftheenvironment.Itoperatesintwosegments,namelycropprotectionandothers;Productsinthecropprotectionsegmentrangefromfungicides,insecticides,biostimulants,pheromones,andfumigants.ThecompanyhasinvestedUSD13.1millioninthecropprotectionsegment,owingtoastrongfocusonR&D.Ithasdevelopednematicidesbyadoptinginnovativestrategiesandwiththeincreasingnematodeinfestation.Themajorfocusisoncreatingnewnematicidemoleculestoservegrowers.ThecompanyconductsitsmanufacturingactivitiesatfoursitesinItaly,withdirectdistributioninBrazil,Colombia,Italy,Spain,andtheUS.TherearethirteenfullyownedsubsidiariesofIsagroGroup,whichhelpindeliveringtheglobalcustomers’ requirements. CortevaAgrisciencewasformedafterthemergerofDowandDuPontinJune2019.CortevaAgriscienceisagloballeaderintwoofthelargestandmostpromisingmarketsintheagriculturalsector,namely,seedandcropprotection.Thecompanyhasacomprehensive,balanced,anddiverseseedandcropprotectionbusiness.Thecompanyoffersnematicidesthroughitscropprotectionbusiness,whichcontributesabout45%ofitsrevenuetothecompany.Cortevahadcompletely

  4. acquiredallexclusiverightstothecropprotectionbusinessesofDuPontandDowAgroSciences,includingthesoilfumigantproductsofthelatter.acquiredallexclusiverightstothecropprotectionbusinessesofDuPontandDowAgroSciences,includingthesoilfumigantproductsofthelatter. • KeyQuestionsAddressedbytheNematicide Market Report: • Whatisanematicide? • Whichregionisprojectedtoaccountforthelargestshareintheglobalnematicidemarket? • Whatisthecurrentsizeoftheglobalnematicidemarket? • Whicharethekeyplayersinthemarket,andhowintenseisthecompetition? • Whatarethemajorfactorsdrivingthegrowthofthenematicidemarket? • Whatarethemajorchallengesfacingthenematicidemarket? • Scheduleacallwithouranalyststodiscussyourbusinessneeds:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=193252005

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