The global Nematicides Market size is expected to reach USD 1.75 Billion by 2028 at a CAGR of 3.5%, according to a new report by Reports and Data. Nematodes, a scientific term indicated for roundworms, comprises above 15,000 species. Most of the nematodes’ species which attack crops are generally microscopic. Nematodes attack the foliage, flowers, stem, and plants’ roots. They specifically attack roots, causing root knots, stunted root systems, and root lesions, resulting in declining of the plants or crops. Nematodes are immensely harmful for plants, as they attack plants to feed on them. Therefore, nematodes causing severe damage to many crops by eating the flowers, fruits, leading to decreased crop productivity. Nematicides are majorly used by farmers for killing as well as controlling nematodes.
Nematicides are intended to increase the efficiency of water use and nutrient uptake, resulting in minimized cost of irrigation and fertilizers, promoting the growth of the market. Additionally, growing adoption of integrated pest management globally, combined with rising awareness regarding the advantages of nematicides is boosting the industry’s growth.
Furthermore, growing practices on seed treatment is also providing ample opportunities for numerous stakeholders in this sector. However, human and environmental hazards due to the usage of chemical nematicides, development of transgenic plants and crops, and government regulations on pesticides are the factors posing challenges to the sector’s growth. Moreover, the synthetic nematicides’ negative impact on soil may obstruct the industry expansion.
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Major manufacturers in the nematicides industry are Syngenta Crop Protection AG (Switzerland), Bayer AG (Germany), Corteva Agriscience (US), Adama Agricultural Solutions Ltd (Israel), BASF SE (Germany), FMC Corporation (US), UPL Limited (India), Nufarm (Australia), and Isagro Group (Italy).
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For the purpose of this report, Reports and Data has segmented the global nematicides market on the basis of product type, mode of application, nematode type, crop type, form, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
Crop type Outlook (Revenue, USD Billion, 2018 – 2028)
Form Outlook (Revenue, USD Billion, 2018 – 2028)
Mode of Application Outlook (Revenue, USD Billion, 2018 – 2028)
Nematode Type Outlook (Revenue, USD Billion, 2018 – 2028)
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Regional analysis section covers analysis of the Nematicides market in the major geographies of the world including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa with regards to production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and market size, and presence of key players in the region.
Detailed Regional Analysis Covers:
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