Nematicides Market Analysis

Nematicides Market Overview

Nematicides Market Size was valued at USD 2,039.95 million in 2023. The Nematicides industry is projected to grow from USD 2199.678085  million in 2024 to USD 4,020.69 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.83% during the forecast period (2023 - 2032). The increasing demand for bio-based nematicides owing to the various benefits provided by it such as ease of handling as well as ensuring lower risk of contamination to applicators is a vital factor boosting its market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nematicides Market Trends

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  Demand For High-Quality Foods Is Always Rising, Which Is Important for Market Development

  
  

There is a growing demand for high-value crops and organic agriculture as consumers become more aware of the health and environmental benefits of these products. The demand for high-quality food is one of the key drivers of the nematicides market. Consumers are becoming more conscious about the quality and safety of the food they eat. The use of nematicides helps farmers produce crops that are free from nematode infestations, which in turn leads to higher crop yields and better-quality produce. For example, tomato growers in Florida use nematicides to protect their crops from nematode infestations, which can increase yield by up to 50%. 

Another driver of the nematicides market is the need to protect crops from nematode infestations. Nematodes can cause significant damage to crop by feeding on the roots, which can reduce the plant's ability to absorb water and nutrients. This can result in stunted growth, reduced yields, and even crop failure. Nematicides help to protect crops from nematode infestations and improve plant health, resulting in higher yields and better-quality produce. In addition to the traditional chemical-based nematicides, there is a growing trend toward using natural and organic compounds to control nematode populations. For example, farmers are increasingly using marigold extracts to control nematode populations in vegetable crops. Marigold extracts contain natural compounds that are toxic to nematodes, but safe for humans and other animals. This trend toward more sustainable and eco-friendlier nematicides is driving the development of new and innovative products in the market.

Nematicides Market Segment Insights:

Nematicides Product Type Insights

Based on product type, the Nematicides Market segmentation includes fumigants, carbamates, and organophosphates. The carbamates segment held the majority share in 2022 contributing to around a market value of USD 730.14 million of Nematicides Market revenue. Carbamates are esters of N-methyl carbamic acid. Carbaryl, propoxur, aldicarb, oxamyl and terbucarb are carbamates. It is used as sprays or baits to kill insects by affecting their brains and nervous systems. They are used on various crops on farms and in homes to kill ants, cockroaches, fleas, crickets, whitefly, aphids, scale, lace bugs, and mealy bugs. Some carbamates control mosquitoes. And these pesticides are generally divided into N-allyl carbamate herbicides and N-methylcarbamate insecticides in view of their chemical structures and biological actions.  

December 2021: BASF Launched its bionematicide product called Votivo Prime in Brazil. The bacterium bacillus-based product helps in improvising plant growth.

May 2020: Bayer company has launched its Velum products as integrated waste management to help farmers. The product known as Velum Prime 400 SC is a concentrated suspension nematicide used for pepper and coffee.

Figure 2: Nematicides Market, By Product Type, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nematicides Form Insights

Based on form, the Nematicides Market segmentation includes dry and liquid. The liquid segment held the majority share in 2022 contributing to around ~ 63.79% of the Nematicides Market revenue. A liquid is a type of matter that is a specified application that makes it less stiff than a solid but more rigid than a gas. A liquid can flow and does not have a particular shape like a solid. Instead, a liquid observes the shape of the vessel in which it is held. Whereas, this is like a gas, and the liquid does not expand to fill up the container like a gas. The liquid form is of two categories pure liquid and liquid mixtures. Chloropicrin is used as a pre-plant soil fumigant to regulate the nematodes and soilborne diseases in various other crops. It is produced in liquid form with an average vapor pressure, and it spread quickly through soil when applied below the soil surface under a tarp. The liquid segment is expected to grow at a market CAGR of 7.50%.

Nematicides Crop Type Insights

Based on crop type, the Nematicides Market segmentation includes fruits & vegetables, cereals & grains, and oilseeds & pulses. The fruits & vegetables segment held the majority share in 2022 contributing to around ~ 37.51% of the Nematicides Market revenue. Fruit and vegetables are an important part of a human’s daily diet. They are natural and contain vitamins and minerals that assist to be healthy. Fruits & vegetables also help to protect against diseases. It also contains many vitamins and minerals that are good for one’s health. Many of these are antioxidants and may reduce the risk of many diseases such as vitamin A, vitamin C, vitamin E, magnesium, zinc, phosphorous, and folic acid. Fruits and vegetables are low in fat, salt, and sugar. They are a good source of dietary fiber, that assists in feeling fuller for longer and prevents overconsumption of food. As part of a well-balanced, healthy diet and an active lifestyle, a high intake of fruit and vegetables can help in reducing obesity, maintaining cholesterol, and lowering blood pressure. The fruits & vegetables segment is expected to grow at a market CAGR of 7.41%.

Recent News:

Following extensive development and dozens of experimental trials conducted in sugarcane fields across different regions of Brazil, Syngenta introduced CERTANO, a microbiological bionematicide. The newly developed technology represents the organization's initial biological approach to sugarcane cultivation. It functions as a growth promoter, biofungicide, and bionematicide, all of which provide consistent control with both immediate and prolonged effects. With the objective of effectively managing various genera of entomopathogenic nematodes that are prevalent in sugarcane fields and have a significant impact on the overall productivity of the crop, this product targets the entire sugarcane crop cycle. The CERTANO official launch occurred at a recent event in Ribeirão Preto (SP) that was attended by representatives of sugar-energy plants, researchers, and sugarcane producers. There were over 200 participants in total. The incorporation of the new characteristic will enhance usability throughout the year by integrating physical and chemical compatibility with other merchandise.

Corteva Agriscience announced the introduction of Salibro™ nematicide in India today, February 2024. This groundbreaking product, fueled by Reklemel™ active, offers agriculturalists a specialized and ecologically sustainable remedy to safeguard their crops against detrimental nematodes while concurrently conserving soil vitality. Plant-parasitic nematodes, which reside in the soil, are minuscule organisms that consume the roots of horticultural commodities including brinjal, capsicum, tomato, and cucumber. These nematodes, which are notoriously challenging to identify and manage, inflict detrimental effects on crops, thereby impeding the productivity and profitability of farmers. By virtue of its distinctive composition, Salibro™ effectively eliminates detrimental nematodes with remarkable selectivity, thereby preserving the vitality of beneficial soil organisms. Salibro™ exhibits compatibility with nematodes that prey on fungi and bacteria, in addition to beneficial soil macrofauna including earthworms and soil mites. This characteristic guarantees the maintenance of a harmonious and flourishing soil ecosystem. Through the maintenance of the intricate equilibrium of soil biology, Salibro™ serves to protect agricultural harvests and promote the adoption of sustainable practices.

Nematicides Mode of Application Channel Insights

Based on the distribution channel, the global nematicides industry market data has been categorized as soil treatment, and seed treatment. The soil treatment segment accounts for the largest market share of ~ 54.85% in 2022. Soil treatment is a method that purifies and revitalizes soil by removing impurities. Soil impurity is often caused by various chemicals that include petroleum hydrocarbons, pesticides, lead, and other heavy metals, wastes such as alkali, oil, or some other non-degradable material. The main concern behind soil treatment is the harm to human health associated with direct contact with contaminated soil, vapors released by contaminants, and secondary contamination of water supplies. The Impurified soil is treated using microbes, pH adjusters, organic amendments, and soil treatment technologies such as biological, physiochemical, and thermal treatment. The soil treatment is of two methods, fumigation and irrigation. Fumigant nematicides are chemicals with high volatility. They move rapidly through the air spaces between soil particles. Therefore, their movement may be restricted if soil pore spaces or pore necks are filled with water. On the other hand, Irrigation nematicides are of low volatility and are spread through the soil and dissolved in the soil solution. Their movement may be enhanced by water movement through irrigation or rainfall.

January 2021: Syngenta Crop Protection AG had acquired two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited, a renowned biocontrol technology developer. This helps the company to increase its customer base as well as its product offering.

April 2020: UPL Limited announced the acquisition of Laoting Yoloo Bio-Technology Co. Ltd., which is engaged in the business of manufacturing, distribution, and commercialization of crop protection products in China

Nematicides Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America nematicides market has held the largest market share among all the regions in the Nematicides Market. The North American region includes major markets such as the US, Canada, and Mexico. The US and Canada have the highest per capita income. The standard of living in North America is high and is considered a major contributor to creating demand for nematicides products. The new product developments and the expansions that have been done by major players in the region are expected to drive the demand for food inclusion in the upcoming years. For instance, in December 2022, Corteva Agriscience had introduced the launch of Lumialzam, which is biological nematicide for seed treatment in Brazil. They come up with the health and re-establishment of the soil in a sustainable way.

For instance, in March 2022, BioConsortia Inc. company had launched the two new nematicides for corn and for various other food crops. The new launched products control nematodes and protect plant roots from damage. Moreover, these products also control insect pests in increase yields and greenhouse conditions. The region is anticipated to dominate the global market due restrictions of hazardous and older solutions as well as research and development conducted by the key players to develop sustainable and effective nematode control.

For instance, in January 2018, Organisan Corp., had introduced the launch of an EPA-registered nematicide, Nemasan, which is organically produced and can be applied year-round with other agricultural products.

The major countries studied are the US, Canada, Mexico, the UK, France, Germany, Italy, Spain, China, India, Japan, Australia and New Zealand, South America, the Middle East, and Africa.

Figure 3: NEMATICIDES MARKET SHARE BY REGION, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia-Pacific nematicides market has the second largest market share and is expected to witness significant growth of 8.49% during the forecast period. Asia-Pacific is the most populated region in the world, consisting of some of the major economies, including China, India, and Japan are growing rapidly because of the major consumers of nematicides in the market. In Asia Pacific the agricultural sector is one of the largest and most diverse in the world, with a broad range of crops being cultivated across the region. Moreover, the region is also highly permitting nematode infestations, that has led to the increasing demand for nematicides as a means of controlling nematode infestations and growing crop yields. In one of the developing countries like India, the utilization of bio-nematicides is driving the market in few recent years. According to one of the schemes Strengthening & Modernization of Pest Management Approach (SMPMA), the overall use of bio-pesticides, as well as bio-nematicides, in India grown from 123.0 metric ton in 1995 to 7,682.0 metric ton in 2020.

Nematicides Key Market Players & Competitive Insights

The key companies are increasing their investment in research & development to innovate and add new features in the nematicides which is expected to boost the growth of the market further. In addition, the companies’ strategic initiatives including expansion to new markets that have significant growth potential, entering into long-term contracts and agreements with domestic and international raw material suppliers, mergers and acquisitions, and technological innovation & incorporation in the manufacturing facilities are used by different players in the market to strengthen their presence in the market. Moreover, the competitors in the nematicides industry must incorporate sustainable materials and production techniques to capitalize on the trend of increasing demand for environment-friendly products across the globe.

One of the key business strategies deployed by the nematicides industry to gain a competitive advantage among the competitors is product launch. Also, strategic partnerships with new startups and small-scale manufacturers augment the production capacity to meet the increasing demand for various nematicides types in the market.

 BASF SE (BASF) is one of the leading chemical producers in the world. The company’s portfolio has been distinguished into, industrial solutions, chemicals, nutrition & care, materials, surface technologies, and agricultural solutions. The Nutrition & Care segment consists of Care Chemicals and Nutrition & Health divisions. The Agricultural Solutions segment consists of the Agricultural Solutions division, which focuses on the provision of crop protection products and seeds. The company has an extensive regional presence. The BASF has subsidiary companies and joint ventures in more than 80 countries worldwide and functions around 390 production sites in Europe, Asia-Pacific, North America, and Africa. BASF has customers in more than 190 countries and supplies products to a range of industries.

Bayer AG makes prescription products and works in oncology, hematology, and ophthalmology through its pharmaceuticals division, OTC products such as Claritin and Canesten via its Consumer Health division, and crop protection and pest control via its Crop Science division. Its top-selling pharmaceuticals include oral anticoagulant Xarelto and eye disease medicine Eylea. The company, also known as Bayer Group, has approximately 385 operating subsidiaries worldwide and operates in the US through Bayer Corporation. About 30% of the company's revenue is generated in the US. It operates through three reportable segments: Crop Science, Pharmaceuticals, and Consumer Health. The product portfolio of the company includes prescriptive products, diagnostic imaging equipment, specialty pharmaceuticals, OTC (over-the-counter) products, solutions for crop protection, pest control solutions for non-agricultural products, along with seeds

The Crop Science segment does business in seeds & plant traits, crop protection, digital solutions, and customer services, which it provides through brands such as Adengo, Asgrow, BioAct, Dekalb, Fox, Maxforce, Seminis, Climate FieldView, and Deltapine.

Key Companies in the Nematicides market include

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  BASF SE

  
  


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  Bayer AG

  
  


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  Syngenta AG

  
  


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  UPL LTD

  
  


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  Ishihara Sangyo Kaisha Ltd

  
  


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  Valent BioSciences LLC

  
  


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  Simbiose Agrotecnologia Biologica

  
  


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  Profarm

  
  


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  American Vanguard Corporation

  
  


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  Certis

  
  

Nematicides Industry Developments

April 2021: Syngenta Crop Protection AG acquired two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited, a renowned biocontrol technology developer. This helps the company to increase its customer base as well as its product offering.

June 2022: UPL announced the launch of insecticides to protect rice yield. Flupyrimin is a new pesticide with distinct biological features and residual control, and it is effective against key rice pests such as the brown plant hopper (BPH) and the yellow stem borer.

October 2022: A deal between Bayer and Ginkgo Bioworks builds Agricultural Biologicals Powerhouse. To create biological solutions in fields including nitrogen optimization, carbon sequestration, and next-generation crop protection/Open Innovation, Ginkgo Bioworks joins up with Bayer as a multi-year strategic partner. By utilizing the global open innovation ecosystem, sourcing is anticipated to accelerate the development of biologicals.

April 2018: BASF company has signed an agreement with the Bayer company for its crop protection business. The agreement further enhances the crop protection products business.

Nematicides Market Segmentation

Nematicides Type Outlook

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  Fumigants

  
  


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  Carbamates

  
  


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  Organophosphates

  
  


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  Others

  
  

Nematicides Form Outlook

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  Dry

  
  


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  Liquid

  
  

Nematicides Crop Type Outlook

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  Fruits & Vegetable

  
  


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  Cereals & Grains

  
  


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  Oilseeds & Pulses

  
  


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  Others

  
  

Nematicides Mode of Application Outlook

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  Soil Treatment

  
  


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  Seed Treatment

  
  


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  Others

  
  

Nematicides Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
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    Mexico

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    UK

    
    
  
  
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    France

    
    
  
  
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    Spain

    
    
  
  
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    Italy

    
    
  
  
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    Rest of Europe

    
    
  
  
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    Asia-Pacific

    
    
  
  
  
  


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  China

  
  
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia and New Zealand

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    South America

    
    
  
  
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    The Middle East

    
    
  
  
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    Africa