Nematicides Market

Demand For High-Quality Foods Is Always Rising, Which Is Important for Market Development

There is a growing demand for high-value crops and organic agriculture as consumers become more aware of the health and environmental benefits of these products. The demand for high-quality food is one of the key drivers of the nematicides market. Consumers are becoming more conscious about the quality and safety of the food they eat. The use of nematicides helps farmers produce crops that are free from nematode infestations, which in turn leads to higher crop yields and better-quality produce.

For example, tomato growers in Florida use nematicides to protect their crops from nematode infestations, which can increase yield by up to 50%. 

Another driver of the nematicides market is the need to protect crops from nematode infestations. Nematodes can cause significant damage to crop by feeding on the roots, which can reduce the plant's ability to absorb water and nutrients. This can result in stunted growth, reduced yields, and even crop failure. Nematicides help to protect crops from nematode infestations and improve plant health, resulting in higher yields and better-quality produce. In addition to the traditional chemical-based nematicides, there is a growing trend toward using natural and organic compounds to control nematode populations.

For example, farmers are increasingly using marigold extracts to control nematode populations in vegetable crops. Marigold extracts contain natural compounds that are toxic to nematodes, but safe for humans and other animals. This trend toward more sustainable and eco-friendlier nematicides is driving the development of new and innovative products in the market.

The Global Nematicides Market Industry is projected to experience substantial growth in the coming years. With an estimated market value of 2.2 USD Billion in 2024, the industry is expected to expand at a CAGR of 7.83% from 2025 to 2035. This growth trajectory indicates a robust demand for nematicides, driven by factors such as increasing agricultural productivity, technological advancements, and rising awareness of sustainable practices. The market's expansion is likely to be influenced by ongoing research and development efforts aimed at enhancing nematicide formulations and efficacy, ensuring that the industry remains responsive to the evolving needs of farmers and agricultural stakeholders.

The Global Nematicides Market Industry is poised for growth due to the increasing global population and the corresponding rise in food demand. As the world population continues to expand, the pressure on agricultural systems intensifies, necessitating effective pest management solutions to ensure crop yields. Nematodes pose a significant threat to various crops, making nematicides essential for maintaining productivity. The market's projected growth to 5.04 USD Billion by 2035 reflects this urgent need for effective pest control measures. As farmers strive to meet the demands of a growing population, the reliance on nematicides is expected to increase, driving market expansion.

The Global Nematicides Market Industry is experiencing a notable shift towards sustainable agricultural practices. Farmers are increasingly seeking environmentally friendly solutions to manage nematode infestations, driven by consumer demand for organic produce. This trend is likely to propel the market, as sustainable nematicides are developed and adopted. The industry is projected to reach 2.2 USD Billion in 2024, reflecting a growing awareness of the environmental impact of traditional nematicides. As regulations tighten and consumers prioritize sustainability, the demand for innovative, eco-friendly nematicides is expected to rise, potentially reshaping the market landscape.

The Global Nematicides Market Industry is significantly impacted by the rising crop losses attributed to nematode infestations. Nematodes are known to cause substantial damage to various crops, leading to reduced yields and economic losses for farmers. As agricultural productivity becomes increasingly critical to meet global food demands, the need for effective nematicide solutions is paramount. The market is projected to grow to 5.04 USD Billion by 2035, reflecting the urgent need for effective pest management strategies. This escalating threat underscores the importance of nematicides in safeguarding crop health and ensuring food security.

Innovations in nematicide formulations are significantly influencing the Global Nematicides Market Industry. The development of advanced formulations, such as microencapsulated and slow-release products, enhances efficacy and reduces environmental impact. These technological advancements allow for targeted application, minimizing the quantity of chemicals used while maximizing effectiveness. As a result, farmers are more inclined to adopt these modern solutions, contributing to market growth. The anticipated CAGR of 7.83% from 2025 to 2035 indicates a robust future for the industry, driven by continuous research and development efforts aimed at improving nematicide performance and safety.

Government initiatives aimed at promoting effective pest management practices are playing a crucial role in the Global Nematicides Market Industry. Various agricultural departments are implementing programs to educate farmers about nematode management and the benefits of using nematicides. Additionally, subsidies and financial assistance for purchasing nematicides are being offered in several regions. Such support not only encourages the adoption of nematicides but also enhances overall agricultural productivity. As governments recognize the importance of pest management in achieving food security, the market is likely to see sustained growth, driven by these supportive policies.

By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America nematicides market has held the largest market share among all the regions in the Nematicides Market. The North American region includes major markets such as the US, Canada, and Mexico. The US and Canada have the highest per capita income. The standard of living in North America is high and is considered a major contributor to creating demand for nematicides products.

The new product developments and the expansions that have been done by major players in the region are expected to drive the demand for food inclusion in the upcoming years. For instance, in December 2022, Corteva Agriscience had introduced the launch of Lumialzam, which is biological nematicide for seed treatment in Brazil. They come up with the health and re-establishment of the soil in a sustainable way.

For instance, in March 2022, BioConsortia Inc. company had launched the two new nematicides for corn and for various other food crops. The new launched products control nematodes and protect plant roots from damage. Moreover, these products also control insect pests in increase yields and greenhouse conditions. The region is anticipated to dominate the market due restrictions of hazardous and older solutions as well as research and development conducted by the key players to develop sustainable and effective nematode control.

For instance, in January 2018, Organisan Corp., had introduced the launch of an EPA-registered nematicide, Nemasan, which is organically produced and can be applied year-round with other agricultural products.

The major countries studied are the US, Canada, Mexico, the UK, France, Germany, Italy, Spain, China, India, Japan, Australia and New Zealand, South America, the Middle East, and Africa.

Figure 3: NEMATICIDES MARKET SHARE BY REGION, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The Asia-Pacific nematicides market has the second largest market share and is expected to witness significant growth of 8.49% during the forecast period. Asia-Pacific is the most populated region in the world, consisting of some of the major economies, including China, India, and Japan are growing rapidly because of the major consumers of nematicides in the market. In Asia Pacific the agricultural sector is one of the largest and most diverse in the world, with a broad range of crops being cultivated across the region.

Moreover, the region is also highly permitting nematode infestations, that has led to the increasing demand for nematicides as a means of controlling nematode infestations and growing crop yields. In one of the developing countries like India, the utilization of bio-nematicides is driving the market in few recent years. According to one of the schemes Strengthening & Modernization of Pest Management Approach (SMPMA), the overall use of bio-pesticides, as well as bio-nematicides, in India grown from 123.0 metric ton in 1995 to 7,682.0 metric ton in 2020.

The key companies are increasing their investment in research & development to innovate and add new features in the nematicides which is expected to boost the growth of the market further. In addition, the companies’ strategic initiatives including expansion to new markets that have significant growth potential, entering into long-term contracts and agreements with domestic and international raw material suppliers, mergers and acquisitions, and technological innovation & incorporation in the manufacturing facilities are used by different players in the market to strengthen their presence in the market.

Moreover, the competitors in the nematicides industry must incorporate sustainable materials and production techniques to capitalize on the trend of increasing demand for environment-friendly products across the globe.

One of the key business strategies deployed by the nematicides industry to gain a competitive advantage among the competitors is product launch. Also, strategic partnerships with new startups and small-scale manufacturers augment the production capacity to meet the increasing demand for various nematicides types in the market.

 BASF SE (BASF) is one of the leading chemical producers in the world. The company’s portfolio has been distinguished into, industrial solutions, chemicals, nutrition & care, materials, surface technologies, and agricultural solutions. The Nutrition & Care segment consists of Care Chemicals and Nutrition & Health divisions. The Agricultural Solutions segment consists of the Agricultural Solutions division, which focuses on the provision of crop protection products and seeds. The company has an extensive regional presence.

The BASF has subsidiary companies and joint ventures in more than 80 countries worldwide and functions around 390 production sites in Europe, Asia-Pacific, North America, and Africa. BASF has customers in more than 190 countries and supplies products to a range of industries.

Bayer AG makes prescription products and works in oncology, hematology, and ophthalmology through its pharmaceuticals division, OTC products such as Claritin and Canesten via its Consumer Health division, and crop protection and pest control via its Crop Science division. Its top-selling pharmaceuticals include oral anticoagulant Xarelto and eye disease medicine Eylea. The company, also known as Bayer Group, has approximately 385 operating subsidiaries worldwide and operates in the US through Bayer Corporation. About 30% of the company's revenue is generated in the US. It operates through three reportable segments: Crop Science, Pharmaceuticals, and Consumer Health.

The product portfolio of the company includes prescriptive products, diagnostic imaging equipment, specialty pharmaceuticals, OTC (over-the-counter) products, solutions for crop protection, pest control solutions for non-agricultural products, along with seeds

The Crop Science segment does business in seeds & plant traits, crop protection, digital solutions, and customer services, which it provides through brands such as Adengo, Asgrow, BioAct, Dekalb, Fox, Maxforce, Seminis, Climate FieldView, and Deltapine.