Nematicide Market Growth Drivers, Opportunities, Challenges, and Top Companies

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Nematicide Market Growth Drivers, Opportunities,
Challenges, Top Companies, and Revenue
Forecast The global nematicides industry is
estimated to be valued at USD 1.9 billion
in 2022. It is projected to reach USD 3.0
billion by 2027, recording a CAGR of 9.9
during the forecast period. Nematicides are
chemical pesticides used to kill plant-
parasitic nematodes. They are applied to
crops for protection from nematodes,
resulting in enhanced yield and crop quality.
Nematodes are tiny parasites, such as microscopic
roundworms, found in large quantities in
soil, water, and inside other plants and
animals. They live in a film of water
surrounded by soil the water film helps in
the maintenance of body fluids of
nematodes. Availability of pesticide products,
growing awareness, increase in pest attacks, and
growing pest resistance toward crop protection
products drive the multiple application of
pesticides, resulting in an increase in pesticide
consumption across countries.
Nematicide Market Opportunities Providing
customized toward specific pests
solutions targeted
With the growing environmental and pollution
concerns and health hazards from many
conventional agrochemicals, the demand
for natural biologicals is rising
steadily across regions. Customers are witnessing
a high demand for new biological products such as
bionematicides to use against nematodes on
standing crops, which cause crop damages, thereby
reducing the overall farm yield and quality. One
such innovative method is seed treatment, which
is gaining traction due to its less or non- toxic
nature, reduced cost of cultivation, and
favourable effect on the yield and
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quality of crops. Moreover, seed treatment is
targeted toward the desired pests and improves
efficiency in nutrient uptake. The use of
biologicals and related alternative
management products is increasing. RD teams
of major global players are also engaged
in discovering target-specific innovative
products by using biological
insecticides, which promote organic
agriculture. For instance, Crop IQ
Technology announced the release of NEMA-
DEAD in 2018, the world's first organic
nematicide combining chemicals and natural
nematicides in a single formula.
NEMA-DEAD is therapeutic like chemical
nematicides and preventive like biological
nematicides, with no residuals. It does not
produce stress on treated plants and
contains biostimulants that help wounded
biostimulants overcome biotic challenges. Similar
ly, Zelto, a biological nematicide developed
by Marrone Bio Innovations, is based on a
non-living bacterium that provides grass
protection by employing a revolutionary
method of action for safely reducing insect
pests that destroy turfs, such as chinch
bugs, weevils, and caterpillars. Also, some
biological insecticides, such as bacteria,
fungi, and other microorganisms, are used in
research experiments to invent new biological
products. Download PDF Brochure https//www.mark
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Challenges Lack of awareness and low
utilization of biologicals As the market is
highly fragmented at the regional level,
awareness regarding various brands is low.
Despite considerable efforts by agronomists,
agricultural universities, companies, and
governments across the globe in recent
years, most farmers are unaware of biological
products and their benefits in increasing
cost-yield sustainability. On the other hand, in
countries such as India and China that are the
most populous economies and where
agriculture is the major source of income
for more than half of the countries
population, food demand remains higher, and
farmers are not willing to take risks
based on production capacity Also, small
retailers, and shopkeepers are unwilling to stock
and sell biologicals in the country, as they feel
their quality is unreliable. North America
dominated the nematicide market, with a
value of USD 0.54 billion in 2021 it is
projected to reach USD 0.91 billion by 2027, at a
CAGR of 9.4 during the forecast period. The US
is one of the largest soybean producers and its
by-products and contributes to a significant
share in the oilseeds market. While a major
portion of the demand for oilseeds is from the
food and feed industries, the regulatory
framework for the biofuel sector of Mexico has
been changing. The scope for oilseeds in the
biofuel sector is also changing. Canada has been
experiencing a high demand for grains, stemming
from the livestock industry. The countries are
not entirely self-sufficient and depend on
imports from South American countries such as
Brazil and Argentina. The market for
bionematicides has been growing in North American
countries such as the US and Mexico
Companies have been focusing on the
introduction of
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microorganisms that can be used as
bionematicides. For instance, Syngenta
(Switzerland) introduced TYMIRIUM technology
platform brand in 2020. It is a
revolutionary nematicide and fungicide
technology that is being developed for both
seed and soil applications. TYMIRIUM
technology, which is based on the active
component cyclobutrifluram, provides long-term
protection against a wide range of nematode
pests and illnesses across all major crops and
geographies. Top Companies in the Nematicide
Market Key players in this market include
BASF SE (Germany), Isagro S.P.A. (Italy),
Corteva Agriscience (US), Syngenta AG
(Switzerland), and Bayer AG (Germany). Bayer AG
(Germany). BASF SE is one of the global leaders
in the crop protection industry. The company
operates through surface technologies,
chemicals, materials, agricultural solutions,
industrial solutions, nutrition, and care.
It offers nematicide solutions through its
agricultural solutions business. It has
a broad product portfolio of
fungicides, insecticides, seed treatment,
and pest control. BASF offers solutions
within nematicides for seed treatment. The
company is now among the leading players in the
nematicides market due to the strategic
acquisition of Bayer CropScience's (Germany)
crop protection business and assets,
which complement BASFs agricultural
solutions business. The acquisition is
aimed at improving BASFs presence in
Europe and the Asia Pacific, along with
its research activities on herbicides and
nematicides. The company has also invested in
introducing patented technologies for
nematode management seed treatment, which
would provide growers with enhanced
protection against various damaging nematode
species in row crops Isagro S.p.A primarily
focuses on research, development,
production, and distribution of agricultural
products, such as agro pharmaceuticals and
BioSolutions. The company aims to offer
innovative solutions for crop protection and
stewardship of the environment. It operates in
two segments, namely crop protection and others
Products in the crop protection segment
range from fungicides, insecticides,
biostimulants, pheromones, and fumigants. The
company has invested USD 13.1 million in
the crop protection segment, owing to a
strong focus on RD. It has developed
nematicides by adopting innovative strategies
and with the increasing nematode
infestation. The major focus is on creating
new nematicide molecules to serve growers.
The company conducts its manufacturing
activities at four sites in Italy, with
direct distribution in Brazil, Colombia, Italy,
Spain, and the US. There are thirteen fully owned
subsidiaries of Isagro Group, which help in
delivering the global customers
requirements. Corteva Agriscience was formed
after the merger of Dow and DuPont in
June 2019. Corteva Agriscience is a global leader
in two of the largest and most promising markets
in the agricultural sector, namely, seed
and crop protection. The company has a
comprehensive, balanced, and diverse seed
and crop protection business. The company
offers nematicides through its crop
protection business, which contributes about
45 of its revenue to the company.
Corteva had completely
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• acquired all exclusive rights to the crop
  protection businesses of DuPont and Dow
  AgroSciences, including the soil fumigant
  products of the latter.
• Key Questions Addressed by the Nematicide Market
  Report
• What is a nematicide?
• Which region is projected to account for
  the largest share in the global nematicide
  market?
• What is the current size of the global nematicide
  market?
• Which are the key players in the market, and how
  intense is the competition?
• What are the major factors driving the growth of
  the nematicide market?
• What are the major challenges facing the
  nematicide market?
• Schedule a call with our analysts to discuss your
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