Global Nematicides Market Opportunities and Forecast 2023-2030

Nematicides Market Overview

High-value agricultural products are generally defined as agricultural products with a high economic value per kilogram (or pound), per hectare, or per calorie, which incorporates fruits, vegetables, meat, eggs, milk, and fishes. The key factors driving the demand for high-value crops (fruits, vegetables, and plantation crops) are the increase within the income of consumers, rapid urbanization, and therefore the increase in awareness about health benefits related to fruits & vegetables. Besides, a rise in foreign direct investment (FDI) has led to a surge within the production of high-value crops. The demand for nematodes is usually found in high-value crops, like pome fruits, grapes, cotton, tomato, maize, cotton, and other vegetable and ornamental crops, as they improve the crop quality and yield.

One key restraint within the crop protection chemicals market is that the pesticide residue problem because of the non-judicious use of pesticides by the farmers. Pesticide residue problems are highly found within the crops grown in developing or under-developed countries. Countries like Vietnam, Ghana, and therefore the Philippines are known for low-quality crop production, affected by pesticide residues. Though intensive farming is inevitable without the utilization of pesticides, farmers in developing countries tend to use excess pesticides, which then damage the crops. Thus, improper use and illegal import-export of pesticides and lack of proper government regulations have resulted in pesticide residue issues and excessive application of toxic pesticides, thereby hindering the expansion of the crop protection chemicals market.
 
Covid-19 Impact on Nematicides Market:

In addition, the current xx Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the xx Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which include supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
 
Nematicides Market Segment Overview

Based on type, With the increasing awareness among consumers about the importance of organic foods, the adoption of sustainable agriculture and integrated pest management solutions has increased. This has led to the demand for biocontrol products like pheromones, bio fungicides, biopesticides, and bio nematicides. Variety of major players within the market like Marrone Bio Innovations (US) and Valent Biosciences (US) are introducing bionematicide solutions for seed treatment. These factors have paved the way for the high rate of growth within the bio nematicides market.

By crop type, vegetables are projected to dominate the nematicides market.The vegetable segment is projected to carry the most important market share due to the increasing cases of infestation on vegetables like potatoes, tomatoes, peas, cauliflower, and carrots, by nematode species like root-knot, lesion, and cyst nematodes. The increasing acreage being brought under vegetable cultivation and therefore the growing demand for organic vegetables drive the expansion of this segment.

Market Analysis, Insights and Forecast – By Type
·       Fumigants
·       Organophosphates
·       Carbamates
·       Bionematicides
·       Others

Market Analysis, Insights and Forecast – By Crop Type
·       Field crops
·       Fruits & nuts
·       Vegetables
·       Others

Market Analysis, Insights and Forecast – By Formulation
·       Liquid
·       Granules
·       Emulsifiable Concentrates
·       Other Formulations
 
Nematicides Market Regional Overview

Region-wise, in terms of regions, In the Asia Pacific region due to the growing nematode infestation in vegetables like tomatoes, potatoes, carrots, peas, and cauliflower within the major vegetable-growing countries like China and India. The regulatory scenario within the Asia Pacific region is relatively more favourable for the launch of nematicides as compared thereto of Europe and North America. There’s also growing awareness among farmers about the utilization of bionematicides since the marketplace for organic farming, and sustainable agriculture is growing with more consumers demanding organic fruits & vegetables.

Nematicides Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Nematicides Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Nematicides are highlighted below.

·        In August 2018, BASF SE acquired a good range of companies and assets from Bayer CropScience (Germany). This acquisition would complement crop protection, biotech, and digital farming activities. This acquisition also allowed the company to enter the non-selective herbicide and nematicide seed treatment markets.

Nematicides Market, Key Players

·       Bayer AG
·       Syngenta Crop Protection AG
·       Corteva Agriscience
·       BASF SE
·       Adama Agricultural Solutions Ltd
·       FMC Corporation
·       Nufarm
·       UPL Limited
·       Isagro Group
·       Valent USA
·       Chr. Hansen
·       Certis USA LLC
·       Marrone Bio Innovations
·       American Vanguard Corporation
·       Crop IQ Technology
·       Real IPM Kenya
·       Horizon Group
·       Agri Life
·       T. Stanes & Company Limited