Nematicides Market Growth, Size, Share, Trends, and Forecast 2030

Nematicides Industry Prospective:

The global nematicides market size was evaluated at $2.3 billion in 2022 and is slated to hit $5.4 billion by the end of 2030 with a CAGR of nearly 10% between 2023 and 2030.

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Nematicides Market: Overview

Nematicides are chemical pesticides that kill nematode plant parasites. They are widely utilized in different fruits and vegetables like apples, tomatoes, potatoes, and several others. Besides this, it also aids in enhancing soil fertility. Reportedly, nematicides are used for controlling parasitic worms such as threadworms and roundworms. They are the most frequently used fungicides/insecticides in farming activities. Apart from this, they are applied uniformly in farming and are utilized for killing nematodes.

Key Insights

• As per the analysis shared by our research analyst, the global nematicides market is projected to expand annually at the annual growth rate of around 10% over the forecast timespan (2023-2030)
• In terms of revenue, the global nematicides market size was evaluated at nearly $2.3 billion in 2022 and is expected to reach $5.4 billion by 2030.
• The global nematicides market is anticipated to grow rapidly over the forecast timeline owing to the growing environmental issues along with the associated health problems owing to the synthetic agri-inputs are likely to accentuate the demand for bio-based nematicides.
• In terms of type, the bio-nematicides segment is slated to register the highest CAGR over the analysis period.
• Based on form, the liquid segment is projected to record a massive surge in the coming years.
• Based on crop, the vegetables segment is predicted to lead the market space in the years ahead.
• Region-wise, the Asia-Pacific nematicides industry is expected to register the fastest CAGR during the assessment timeline.

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Nematicides Market: Growth Factors

Humungous demand for enhancing the health of people to embellish the global industry growth by 2030

The degrading human health is one of the crucial factors steering the growth of the global nematicides market. The growing spending capacity of consumers all around the globe along with the surge in demand for high-quality food is likely to further complement the growth of the market exponentially. The growing environmental issues along with the associated health problems owing to the synthetic agri-inputs are likely to accentuate the requirements of bio-based nematicides globally. However, organic farming is largely being encouraged all around the globe as an ideal alternative to conventional farming practices to lower the negative impact on the environment as well as on human beings. Organic farming is expected to offer stronger dynamics for the growth of bio-based plant protection solutions. The reduction of fertile and arable soil for agriculture purposes due to the growing industrialization globally is also likely to drive the growth of the market globally during the forecast period.

Nematicides Market: Restraints

Overuse of pesticides in developing countries can hinder global industry expansion over the forecast period

A rise in raw material costs and production prices has decimated the expansion of the global nematicides industry in recent years. Apart from this, the pesticide residue issue has taken center stage in the farming sector in emerging economies as farmers overuse pesticides for protecting crops against insects & pests, thereby leading to pesticide-affected low-quality crop yield. This, in turn, can retard the growth of the industry across the globe in the years ahead.

Nematicides Market: Opportunities

Less availability of cultivable land for increasing food produce & taking more crops will shape the global market growth 

The growing focus of the government and other stakeholders on adopting the sustainable mode of farming is likely to further promote the adoption of bio-based nematicides, thereby opening new avenues of growth for the global nematicides market. Reduction of the arable & fertile soil for farming purposes owing to surging industrialization will steer the global market elevation in the upcoming years. The rise in the investments by leading players to propel the research & development activities and launching of innovative products in the market will positively impact the growth statistics. Citing an instance, in November 2023, FMC Corporation, a U.S.-based chemical manufacturing firm, introduced a new biofungicide premix crop-protecting product referred to as Ethos Elite LFR biofungicide for the U.S. market in 2024.  

Nematicides Market: Challenges

A rise in environmental degradation caused by fertilizers & pesticides can prove a big challenge for the global industry elevation

Lack of awareness and less use of biological products can pose a huge challenge to the growth of the global nematicides industry. High concerns over environmental pollution caused due to chemical pesticide use can further restrain the growth of the industry across the globe.

Nematicides Market: Segmentation

The global nematicides market is sectored into the application, crop, type, form, and region.                    

In type terms, the global nematicides market is segregated into fumigants, bio-nematicides, carbamate, organophosphates, and others segments. Furthermore, the bio-nematicides segment, which acquired approximately two-thirds of the global market share in 2022, is prognosis to record the fastest rate of growth in the coming eight years. The growth of the segment during the forecast timeline can be credited to rising awareness about sustainable agriculture practices among the customers. Moreover, the growing significance of organic foods and integrated pest management solutions will steer the segmental surge.  

Based on the form, the global nematicides industry is sectored into liquid and granular segments. Moreover, the liquid segment, which accumulated the largest share of the global industry in 2022, is predicted to dominate the form segment in the forecasting period. The expansion of the segment in the next eight years can be due to its ease of application, less product wastage, and high convenience in handling the product.

Based on the crop, the nematicides market globally is bifurcated into vegetables, fruits & nuts, field crops, and others segments. Furthermore, the vegetables segment, which dominated the segmental growth in 2022, is prognosis to continue its segmental domination in the forecast timeframe. The growth of the segment during the forecasting years can be attributed to growing cases of infestation on vegetables such as carrots, cauliflower, peas, tomatoes, and potatoes by different nematode species including cyst nematode, lesion, root-knot nematodes, and others. Hence, farmers growing vegetables make utilization of nematicide products for treating nematodes along with preventing product losses.   

Based on application, the global nematicides market is segregated into soil dressing, seed treatment, fumigation, drenching, and others segments.

Nematicides Market: Report Scope

Nematicides Market: Regional Insights

North America is predicted to retain its dominant status in the global nematicides market over the prognosis timespan

North America, which amassed nearly 60% of the global nematicides market revenue share in 2022, is predicted to dominate the regional sphere in the ensuing years. Additionally, the regional market expansion in the years ahead can be ascribed to a surging need for high crop yield and quality. Apart from this, a decline in the availability of arable and fertile land along with growing awareness about the rise in the use of nematicides for high-quality yield of crops in the region will steer the global market trends. Apart from this, the need for organic farming and a rise in the demand for organic food in countries such as Canada and the U.S. will drive the regional market growth. Moreover, in North America, there is a huge presence of agricultural pest nematodes such as Protylenchulus, Meloidogyne, Rotylenchulus, Heterodera, and Tylenchulus. Hence, farmers make use of chemical fumigants for treating these nematodes. Apart from this, cotton, crops, and vegetables are severely impacted by nematodes in the U.S. and this has increased the penetration & use of nematicides in farming activities. Reportedly, there is massive use & commercialization of bio-nematicides in the country such as the U.S., thereby boosting the regional market trends.

Asia-Pacific nematicides industry is set to register the highest CAGR in the ensuing years subject to a rise in the cultivation of high-value vegetables & fruits. Furthermore, key players across the globe are rapidly expanding their businesses and product lines in the sub-continent. Citing an instance, Bayer AG, a pharmaceutical & biotech firm in Germany, introduced nematicide in Australia. The new product will help in regulating plant-parasitic nematodes. Furthermore, large-scale revenues related to the export of organic fruits & vegetables have compelled farmers of the region to use bio-based nematicides, thereby driving the regional industry trends. Countries such as India and China, which are the largest producers of wheat, maize, rice, and cotton, are likely to be the key regional revenue drivers in the upcoming years.

Nematicides Market: Competitive Space

The global nematicides market profiles key players such as:

• American Vanguard Corporation
• Dow AgroSciences LLC
• BASF SE
• FMC Corporation
• Valent U.S.A. LLC
• Bayer AG
• Corteva Agriscience
• Sumitomo Chemical Company Limited
• Monsanto Company
• Nufarm Limited
• UPL Limited
• Syngenta AG
• Marrone Bio Innovations
• Adama Agricultural Solutions Ltd..     

The global nematicides market is segmented as follows:

By Application

• Seed Treatment
• Drenching
• Soil Dressing
• Fumigation
• Others

By Form

• Liquid
• Granular

By Crop

• Vegetables
• Fruits & Nuts
• Field Crops
• Others

By Type

• Bio-Nematicides
• Carbamate
• Organophosphates
• Fumigants
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa