Market Overview

The global nematicides market was valued at USD 1339.54 million in 2018 and it is expected to witness a CAGR of 4.6% in the forecasted period (2019-2024). Asia-Pacific, the largest producer of fruits & vegetables, is likely to witness the fastest growth during the forecast period. North America and Europe accounted for the largest market share, with more than 60% of the market share in 2017 and Asia-Pacific as the fastest growing market for nematicides.

Scope of the Report

Nematodes are parasitic worms that feed on living material. They can often be detrimental to plant growth and health as they attack and feed on plant roots. It can infest on all parts of the plant leading to severe crop damages. Nematicides are a type of chemical pesticide that is used to kill nematodes. With the rising population and increasing need for enhanced crop production for food security, the demand for the use of nematicides is increasing globally. While the market is expected to see potential growth, developing countries witnessing faster demand for nematicides and this creates an opportunity for the global nematicides market.

Key Market Trends

Halogen Compounds and Other Fumigants Leading the Market

Soil fumigation is the most widely accepted practice for crop treatment against nematodes. Meloidogyne, Heterodera, Tylenchulus, Rotylenchulus, and Protylenchulus are important agricultural pest nematodes. Due to their high volatility, chemical fumigants are used in enclosed spaces, such as greenhouses, warehouses, etc. In the United States, soil fumigants are widely used in treating vineyard acres, such as sodium tetrathio carbamate for nematodes and phylloxera, and a pre-plant nematicide, namely 1,3D. In strawberries, 1,3D or 1, 3-D plus chloropicrin are used to control Meloidogyne. Halogen compounds are the most common nematicides used as fumigants. Until recently, the most widely used multipurpose nematicide was methyl bromide for vegetable production systems in Florida; but with a partial ban on the use of methyl bromide, many different alternatives are being constantly evaluated in Europe and the United States against pathogens, such as root-knot nematodes. China entirely banned methyl bromide in the year 2015. The fumigant nematicide segment is projected to command the global market with large market revenue, due to huge adoption in vegetables & fruit crop production

Asia-Pacific - Fastest Growing Market

Asia-Pacific is expected to be the fastest-growing market for nematicides. The nematicide market in Asia-Pacific was valued at USD 223.92 million in 2018 and it is expected to register a CAGR 6.34% during the forecasted period 2019-2024. The growth of the nematicide market in the Asia-Pacific region is driven by the fact that it is the largest producer of fruits and vegetables. In Asia, there are a number of fumigant and nematicide producers and users. China is considered to be the largest market for nematocide which is basically used for nematode control in wheat.

Competitive Landscape

The nematicide market is a highly concentrated market with the top five companies holding a majority of shares, namely, Corteva Agriscience, AMVAC Chemicals Corporation, FMC Corporation, Bayer CropScience, and Syngenta. With increasing adoption rate among the farmers in various countries, there are well-defined regulatory structures for the use of nematicides. As a result of this competition, companies are trying to gain an advantage over others through innovation and with technological innovation; companies may gain a competitive edge over their rivals by constantly introducing new products. Increase in the advertising expenses has been intensifying the competition between the companies. UPL, one of the biggest player of nematicides market, acquired another crop protection company Arysta Life Science in USD 4.2 billion. This will enhance the production of nematicides in the future period.


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