PUBLISHER: The Business Research Company | PRODUCT CODE: 1653134
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653134
The nematicides market comprises sales of nematicides, which are chemically derived compounds used to kill or harm nematodes, including parasitic worms such as roundworms and threadworms. Nematicides have traditionally been broad-spectrum toxicants with high volatility or other qualities that facilitate soil movement.
The main types of nematicides in the market include fumigants, bio-nematicides, organophosphates, carbamates, and others. Fumigants are highly volatile nematicides that move quickly through the air gaps between soil particles. Their mobility may be limited if soil pore spaces or pore necks are filled with water. Nematicides are available in various forms, including granular or powder, liquid, and are used across different crop types, such as fruits and vegetables, oilseeds, cereals and grains, and others. They find application in various agricultural practices, including fumigation, soil dressing, drenching, seed treatment, and others.
The nematicides market research report is one of a series of new reports from The Business Research Company that provides nematicides market statistics, including nematicides industry global market size, regional shares, competitors with a nematicides market share, detailed nematicides market segments, market trends and opportunities, and any further data you may need to thrive in the nematicides industry. This nematicides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nematicides market size has grown strongly in recent years. It will grow from $1.69 billion in 2024 to $1.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to crop protection, agricultural productivity, soil health, global food demand, regulatory support.
The nematicides market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to organic farming, precision agriculture, climate change impacts, integrated pest management (ipm), alternative pest control methods. Major trends in the forecast period include sustainable agriculture certification, biological nematicides, research and innovation, data-driven decision-making, chemical nematicides.
The rising demand for high-value crops is anticipated to drive the growth of the nematicides market in the future. High-value crops are defined as those that provide farmers with a better net return per hectare than high-yielding winter rice. This category includes vegetables, potatoes, hybrid maize, fruits, and spices. Specific export requirements, especially for high-value agricultural products, mandate the removal of nematodes from various crops. For example, in February 2024, data published by the Department for Environment, Food, and Rural Affairs (Defra), a UK-based government department, indicated that the demand for domestic human and industrial wheat for flour milling- which encompasses starch and bio-ethanol-rose by 2.8% in 2022 compared to 2021, reaching nearly 6 million tonnes. Thus, the increasing demand for high-value crops is propelling the growth of the nematicides market.
The growing prevalence of crop pests is expected to drive the growth of the nematicides market in the future. Crop pests include organisms such as insects, fungi, bacteria, viruses, nematodes, rodents, or weeds that cause harm or damage to crops, leading to reduced agricultural yields and economic losses. Nematicides are utilized in crop pest control to protect crops from nematodes, manage nematode populations, improve crop quality, and enhance plant health. For example, a report published in February 2024 by the Crop Protection Network (CPN), a US-based international partnership organization, indicated that invertebrate pests led to an estimated 5.2% reduction in corn yield across 27 states and a 1.3% decline in Ontario in 2023, amounting to a total loss of over 837 million bushels. Corn rootworms were identified as the main contributors to this yield loss, consistent with trends observed in 2021 and 2022. Additionally, statistics from the National Institute of Food and Agricultural Production by the Food and Agriculture Organization (FAO), a US-based federal agency, revealed that between 20% to 40% of global crop production is lost to pests each year. Annually, plant diseases cost the global economy around $220 billion, while invasive insects contribute approximately $70 billion in losses, resulting in a 40% loss of the world's crops, with losses of $220 billion reported in 2021. These figures are anticipated to increase in the future. Thus, the rise in crop pests is driving the growth of the nematicides market.
Technological advancements have become a significant trend gaining traction in the nematicides market. Technological advancement refers to the discovery of knowledge that enhances technology. Major companies in the nematicides sector are focused on creating new technological solutions to strengthen their market position. For example, in September 2023, Bayer Inc., a Germany-based life science company, introduced Velum and Emesto. These innovative formulations provide broad-spectrum protection against pests and diseases, improving crop yield and quality while promoting sustainable agricultural practices through low dose rates and efficient application. These developments reflect a commitment to integrated pest management, equipping Canadian potato growers with effective tools to tackle pest resistance challenges and secure a more dependable harvest.
Major companies in the nematicides market are actively developing sustainable products to meet the increasing demand. Sustainable nematicides, which are environmentally-friendly and effective solutions for managing nematode pests, contribute to long-term soil health while minimizing ecological harm. For instance, Corteva Agriscience launched Lumialza in December 2022, the first biological nematicide for seed treatment. Lumialza serves a crucial role in nematode control, offering farmers a biological alternative and promoting sustainable agriculture by reducing dependence on chemical pesticides.
In July 2023, Biobest Inc., a Belgium-based agricultural chemicals company, acquired BioWorks Inc. for an undisclosed amount. This acquisition propels Biobest's entry into the biopesticide market, which is a global strategic priority, by incorporating BioWorks' robust portfolio of innovative biopesticides for disease and insect control. This allows Biobest to utilize BioWorks' expertise in product development and logistics to enhance its biocontrol solutions for growers. BioWorks Inc. is a US-based manufacturer of biopesticides, including biological controls against nematodes.
Major companies operating in the nematicides market include Adama Agricultural Solutions Ltd., BASF SE, Bayer Crop Science AG, Certis L.L.C, Corteva Inc., Crop IQ Technology Group, Horizon Group, Isagro Group, Marrone Bio Innovations Inc., Nufarm Limited, Syngenta AG, Dow Inc., UPL Limited, Valent L.L.C, Agri Life, BioWorks Inc., Brandt Consolidated Inc., Chr. Hansen Holding A/S, American Vanguard Corporation, FMC Corporation, Monsanto Company, Sumitomo Chemical Co. Ltd., Camson Bio Technologies Limited, Terramera Inc., Gowan Company LLC, AgBiome Inc., Novozymes A/S, Verdesian Life Sciences LLC, NemaLife Sciences LLC, AgroLiquid LLC, BioSafe Systems LLC
North America was the largest region in the nematicides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nematicides market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the nematicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The nematicides market consists of sales of natural nematicides and chemical nematicides. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nematicides Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nematicides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nematicides ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nematicides market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.