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DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The 'global nematicide market by type (chemical, biologicals), nematode type (root-knot, cyst, lesion), mode of application (drenching, soil dressing, seed treatment, fumigation), formulation, crop type, and region - forecast to 2027' report has been added to ResearchAndMarkets.com's offering.
The global nematicide market is estimated to be valued at USD 1.9 billion in 2022. It is projected to reach USD 3 billion by 2027, recording a CAGR of 9.9% during the forecast period.
The North America region is estimated to record a CAGR of 9.4% during the forecast period
The North American market is projected to rule the global nematicides market over the forecast period due to the dwindling amount of arable land and rising need for food. The use of new farming practices is also anticipated to increase demand for nematicides in this region. As a result, it is anticipated that the market would expand over the course of the projected period as a result of increasing global demand for nematodes made from biological sources and an increase in nematode infestation in crops. The growing international demand for crops such as soybean and corn has increased the scope for the use of nematicides in the North America.
The Asia-pacific region accounted for the fastest growing market share of 23.3% in 2021 and is projected to grow at a CAGR of 6.8% during the forecast period. Favorable agricultural policies pertaining to food security, hygiene, and quality have widened the application of nematicides in the Asia-pacific region. In countries such as the US, the adoption of drip irrigation mode of application is high. This has increased efficiency in the delivery of nematicides through the agricultural fields, which grow crops such as soybean and corn.
Soil dressing mode of application had the largest market share of 33.8% in 2021 and is projected to grow at a CAGR of 9.5% by 2027
The soil is dressed either in a dry formulation or wet treated with a slurry or liquid formulation. Soil dressing involves the application of nematicides near the root zone of the infected crop. Nematicides are applied in ring formation near the root zone as a part of the soil dressing method. Since the method of dressing is labor-intensive, it is popular in the Asia-Pacific region, as opposed to the North American region, where the economy is more capital-intensive. FMC Corporation (US), ADAMA Agricultural Solutions (Israel), and Bayer (Germany) are some of the major companies providing nematicides in the granular form in this region.
The fruits & vegetables segment is projected to grow at the highest CAGR of 10.7% during the forecast period
Fruits and vegetables are high-value crops grown on a large scale in greenhouses and open fields. Due to an increase in nematode infection on many commodities, including carrots, potatoes, and tomatoes, the vegetable segment currently occupies a majority share in the market. Nematode-infected roots become damaged and deformed, which lowers the product's quality and yield. Nematodes also intensify the negative effects of bacteria and fungi. Nematicides are therefore used by vegetable growers to control worms and avoid crop losses. The need for bio-based nematicides is expected to rise over the coming years as farmers increasingly want to raise organic fruits, vegetables, and cereals.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Nematicides Market: Brief Overview4.2 Nematicides Market, by Region4.3 Nematicides Market, by Type4.4 Nematicides Market, by Crop Type4.5 Nematicides Market, by Nematode Type4.6 Nematicides Market, by Mode of Application4.7 North America: Nematicides Market, by Key Type & Country4.8 Nematicides Market Growth, by Key Country
5 Market Overview 5.1 Introduction5.2 Macroindicators5.2.1 Adoption of Pesticides for Defense Against Pest Attacks5.2.2 Foreign Direct Investments5.3 Global Crop Losses due to Nematodes5.4 Market Dynamics5.4.1 Drivers184.108.40.206 Strong Demand for High-Value Crops220.127.116.11 Demand for Low-Cost Crop Protection Solutions18.104.22.168 Increasing Damage to Crop Production due to Nematode Infestations5.4.2 Restraints22.214.171.124 Technological Limitations in Use of Biological Products126.96.36.199 Varying Government Regulations5.4.3 Opportunities188.8.131.52 Use of Plant-based Nematicides in Organic Agriculture and Horticulture184.108.40.206 Nematodes Developing Resistance to Crop Protection Chemicals5.4.4 Challenges220.127.116.11 Evolution of Biotechnology and Increasing Acceptance of GM Crops as Alternatives to Crop Protection Chemicals18.104.22.168 Lack of Awareness and Low Utilization of Biologicals
6 Industry Trends 6.1 Overview6.2 Tariff and Regulatory Landscape6.2.1 North America22.214.171.124 US126.96.36.199 Canada6.2.2 European Union188.8.131.52 UK184.108.40.206 France220.127.116.11 Russia18.104.22.168 Australia6.2.3 Asia-Pacific22.214.171.124 India126.96.36.199 China6.2.4 South America188.8.131.52 Brazil6.2.5 Middle East184.108.40.206 Egypt220.127.116.11 UAE6.3 Regulatory Bodies, Government Agencies, and Other Organizations6.4 Trends/Disruptions Impacting Buyers in Nematicides Market6.5 Average Selling Prices6.6 Value Chain Analysis6.6.1 Research and Product Development6.6.2 Material Sourcing and Acquisition6.6.3 Nematicide Manufacturing6.6.4 Distribution6.6.5 Sales Management6.6.6 Post-Sales Services6.7 Market Ecosystem6.8 Technology Analysis6.8.1 Organic Acid-based Plant Extract Biocontrol6.8.2 Reduced-Risk Nematicides6.8.3 Syngenta Tymirium6.8.4 Kruger Seeds Nemastrike6.9 Patent Analysis6.10 Trade Analysis6.11 Key Conferences & Events6.12 Case Study Analysis6.12.1 Use Case 1: Syngenta AG Seedcare Launches Victrato6.12.2 Use Case 2: Basf's Irgacycle Stabilizes Recycled Plastics Used to Protect Pineapples from Sunburn in Malaysia6.13 Key Stakeholders & Buying Criteria6.13.1 Key Stakeholders in Buying Process6.14 Porter's Five Forces Analysis6.14.1 Threat of New Entrants6.14.2 Threat of Substitutes6.14.3 Bargaining Power of Suppliers6.14.4 Bargaining Power of Buyers6.14.5 Intensity of Competitive Rivalry
7 Nematicides Market, by Type 7.1 Introduction7.2 Chemicals7.2.1 Longer Residual Activity and Quick Mode of Action Against Nematodes to Drive Segment7.2.2 Fumigants18.104.22.168 Broad Spectrum Functionality of Fumigants Against Nematodes to Positively Drive Market22.214.171.124.1 Methyl Bromide126.96.36.199.1.1 Ability to Penetrate Quickly into Sorptive Materials at Normal Atmospheric Pressure to Drive Segment188.8.131.52.2 Metam Sodium184.108.40.206.2.1 Increase in Farmers' Education and Adoption of Metam Sodium in Agriculture Sector to Booster Market220.127.116.11.3 1-3-Dichloropropene18.104.22.168.3.1 Properties Such as Minimum Soil Contamination Air Dispersion to Drive Segment22.214.171.124.4 Other Fumigants7.2.3 Carbamates126.96.36.199 Low Toxicity to Non-Target Organisms and Selective Action Against Nematodes to Accelerate Segment Growth7.2.4 Organophosphates188.8.131.52 Fast Absorption Rate of Organophosphates to Drive Market7.2.5 Other Chemicals7.3 Biologicals7.3.1 Stringent Regulatory Policies on Conventional Agrochemicals to Propel Segment Growth7.3.2 Microbials184.108.40.206 High Adoption of Sustainable Agricultural Techniques to Fuel Growth7.3.3 Biochemicals220.127.116.11 Residue-Free Nematode Management by Biochemicals to Propel Growth7.3.4 Macrobials18.104.22.168 Natural and Unique Mode of Action and Convenient Application to Spur Usage
8 Nematicides Market, by Formulation 8.1 Introduction8.2 Granular8.2.1 Good Storage Viability to Drive Segment Growth8.3 Liquid8.3.1 Greater Degree of Dispersion Property Offered by Liquid Nematicides to Drive Demand
9 Nematicides Market, by Nematode Type 9.1 Introduction9.2 Root-Knot Nematodes9.2.1 Control of Economic Damage Worth USD 100 Billion Caused by Root-Knot Nematodes to Drive Demand9.3 Cyst Nematodes9.3.1 Large-Scale Economic Losses and Lower Yield Quality due to Cyst Nematode Infestation to Increase Demand9.4 Lesion Nematodes9.4.1 Wide Host Range and Presence in Temperate and Tropical Environments to Drive Market9.5 Other Nematode Types
10 Nematicides Market, by Mode of Application 10.1 Introduction10.2 Fumigation10.2.1 Lower Costs Involved in Fumigation for Nematode Control to Propel Growth10.3 Drenching10.3.1 Precise Application and Deep Penetration of Nematicides on Target Nematodes to Drive Demand10.4 Soil Dressing10.4.1 Effective Management of Early Season Nematode to Drive Demand10.5 Seed Treatment10.5.1 Safer Application and Early Season Protection Against Nematode to Augment Demand10.6 Other Modes of Application
11 Nematicides Market, by Crop Type 11.1 Introduction11.2 Cereals & Grains11.2.1 Rise in Consumption of Cereals & Grains to Drive Market11.2.2 Corn22.214.171.124 Commercial Value and Vulnerability of Corn Crop to Needle Nematodes to Drive Nematicide Demand11.2.3 Wheat126.96.36.199 Severe Damage to Wheat Crop in Asia & Europe due to Root-Knot and Cyst Nematodes to Drive Market11.2.4 Rice188.8.131.52 Major Global Rice Export Demand and Severe Yield Loss Caused due to Meloidogyne Graminicola Nematodes to Drive Demand11.2.5 Other Cereals & Grains11.3 Oilseeds & Pulses11.3.1 Increase in Consumption of Protein- and Healthy Fat-Rich Meals to Drive Segment11.3.2 Soybean184.108.40.206 Increase in Vegan Population and Severe Crop Loss due to Infestation from Soybean Cyst Nematodes to Drive Market11.3.3 Sunflower220.127.116.11 Preference for Sunflower Oil due to Its Associated Heart-Related Health Benefits to Drive Demand11.3.4 Other Oilseeds & Pulses11.4 Fruits & Vegetables11.4.1 Rise in Exports of Fresh, Frozen, and Processed Fruits & Vegetables from South Asia to Drive Demand11.4.2 Pome Fruits18.104.22.168 Economic Losses Caused due to Nematode-Related Complex Diseases to Drive Market11.4.3 Citrus Fruits22.214.171.124 Severe Yield Loss Caused due to Citrus Nematodes in Citrus Fruits to Drive Nematicides Market11.4.4 Leafy Vegetables126.96.36.199 Susceptibility of Leafy Vegetables to Needle Nematodes and Lesion Nematodes to Drive Market11.4.5 Berries188.8.131.52 Rise in Demand for Berries in Food & Beverage, Pharmaceutical, and Cosmetics Industries in US to Positively Drive Market11.4.6 Roots & Tubers Vegetables184.108.40.206 Severe Economic Losses due to Tuber Blemishes Caused by Nematodes to Drive Market11.4.7 Other Fruits & Vegetables11.5 Other Crop Types
12 Nematicides Market, by Region
13 Competitive Landscape 13.1 Overview13.2 Segmental Revenue Analysis of Key Players13.3 Market Share Analysis, 202113.4 Key Player Strategies13.5 Company Evaluation Quadrant (Key Players)13.5.1 Stars13.5.2 Pervasive Players13.5.3 Emerging Leaders13.5.4 Participants13.5.5 Product Footprint13.6 Nematicides Market (Startup/SME Evaluation Quadrant)13.6.1 Progressive Companies13.6.2 Starting Blocks13.6.3 Responsive Companies13.6.4 Dynamic Companies13.6.5 Competitive Benchmarking13.7 Competitive Scenario13.7.1 Product Launches13.7.2 Deals13.7.3 Others
14 Company Profiles 14.1 Key Players14.1.1 BASF SE14.1.2 Isagro S.p.A14.1.3 Corteva Agriscience14.1.4 Syngenta AG14.1.5 Bayer AG14.1.6 UPL14.1.7 American Vanguard Corporation14.1.8 Nufarm14.1.9 FMC Corporation14.1.10 Chr. Hansen14.1.11 Adama Agricultural Solutions Ltd.14.1.12 Marrone Bio Innovations14.1.13 T. Stanes & Company Limited14.1.14 Valent Biosciences LLC14.1.15 Certis Biologicals14.1.16 Agri Life14.1.17 Bio Huma Netics, Inc.14.1.18 Real IPM Kenya14.1.19 Horizon Group14.1.20 Crop IQ Technology Ltd.14.2 Startups/SMEs/Other Players14.2.1 Varsha Bioscience and Technology India Private Limited14.2.2 Pheronym14.2.3 Vive Crop Protection14.2.4 Telluris Biotech India Private Limited14.2.5 Ecowin
15 Adjacent & Related Markets
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