Global Nematicides Market Competitive Analysis Report 2021–2028 | Growth Market Reports

The global nematicides market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028.

The growth of the market is attributed to expanded invasion of nematodes influencing the development of the plants.

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Various types of pesticides are required to eliminate unsafe irritations and different types of organic entities. This can help in the improvement of crop yield. Nematicides is a type of irritation control specialist and arrangement that is generally utilized in the agriculture market. It is known as a type of synthetic specialist, which is utilized to control and eliminate plastic worms or different sorts of unsafe pets. They are being utilized for horticulture rehearses in different structures.

The coronavirus pandemic has had significantly affected the world economy. This, in turn, has caused extreme financial obliteration and not a solitary nation has been left unaffected. However, the relaxation in restriction is aiding the market reach pre-COVID level.

Market Trends, Drivers, Restraints and Opportunities

• Rising demand for crops due to increasing population is estimated to positively influence the market growth during the forecast period.
• Rapid urbanization, and the increment in mindfulness about health advantages related to organic products and vegetables are key factors that can spur the growth of the market.
• Unlawful import-product of pesticides and lack of proper government regulations can hamper the market growth in the coming years.
• Increasing adoption of organic farming and advancement in farming methods can create lucrative opportunities during the forecast period.

Nematicides Market Segment Insights

Bio-based nematicides segment is expected to expand at a rapid pace

Based on chemical types, the market is divided into halogen compounds and other fumigants organophosphates, carbamates, and bio-based nematicides. The bio-based nematicides segment is expected to grow at a rapid pace during the forecast period due to rising inclination toward quick adoption of integrated pest management (IPM) procedures and feasible rural practices around the world.

Granules segment is anticipated to constitute a key market share

On the basis of formulations, the market is segregated into liquid, granules, emulsifiable concentrates, and others. The granules segment is projected to expand at a considerable CAGR during the forecast period. High accessibility in the granular structure obliging harvests such as cotton, soybean, and vegetables drives the development for the granular type nematicides.

Vegetables segment is estimated to account for a significant market share

In terms of applications, the market is divided into grains & cereals, pulses & oilseeds, commercial crops, fruits & vegetables, and others. The vegetables segment is estimated to account for a significant market share during the forecast period. The rise in the land area being brought under vegetable development and the developing interest for natural vegetables drive the development of this market segment.

Asia Pacific to dominate the global market

In terms of regions, the global nematicides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. The borrow of hereditarily changed seeds has additionally expanded the instances of nematode invasion on yields of soybean and corn, driving the development in countries such as China, Japan, and India.

Compititive Landscape

Key players competing in the global nematicides market are Corteva Agri Scie; Bayer CropScience AG; American Vanguard Corporation; BASF SE; and Syngenta International AG.

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