Posted by IMARC Group, a leading market research company, has recently releases report titled “Nematicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global nematicides market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Nematicides
Nematicides are a class of pesticides specifically formulated to control or kill nematodes that can cause considerable damage to crops. They are available in various forms, such as granular, liquid, and fumigants, and can be applied through irrigation, soil drenching, seed treatment, or direct spraying. They help in maintaining or improving soil structure by eliminating harmful nematodes. They are widely used in the cultivation of crops like corn, soybeans, potatoes, and tomatoes. They are employed in controlled environments to manage nematode populations without affecting other aspects of the ecosystem. Besides this, they are utilized in forestry applications to protect young trees from nematode-related diseases.
How Big Is the Nematicides Market?
The global nematicides market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
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What are the growth prospects and trends in the nematicides industry?
The increasing instances of crop loss due to nematode infestation represent one of the key factors catalyzing the demand for effective nematicides across the globe. Additionally, the escalating demand for crop production due to the rising population is driving the need for effective pest management solutions like nematicides.
Apart from this, the increasing emphasis on sustainable farming practices that focus on crop rotation and the use of nematicides to preserve soil health is strengthening the growth of the market. Furthermore, the development of new and improved nematicide formulations, such as bio-nematicides, that are less toxic to humans and the environment is offering a favorable market outlook.
Moreover, innovations in application technology, such as drone-assisted spraying, are improving the efficiency of nematicides.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chemical Type:
- Fumigants
- Organophosphates
- Carbamates
- Bio-Nematicides
Breakup by Nematode Type:
- Root-knot Nematode
- Cyst Nematode
- Others
Breakup by Formulation:
- Liquid
- Granular
- Emulsifiable Concentrates
- Others
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- American Vanguard Corporation
- BASF SE
- Bayer AG
- BioWorks Inc.
- Chr. Hansen Holding A/S
- Corteva Inc.
- FMC Corporation
- Isagro S.p.A.
- Marrone Bio Innovations Inc.
- Sumitomo Chemical Co. Ltd.
- Syngenta AG (China National Chemical Corporation)
- UPL Limited
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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