Global Nematicides Market Outlook
The nematicides market is poised for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 4.69% between 2022 and 2030. By the end of the forecast period, the market size is expected to reach USD 2.1 billion. This growth is fueled by the global recognition of the threat posed by more than 15,000 different species of roundworms collectively referred to as nematodes in the realm of science.
Nematodes, particularly those destructive to crops, are generally minuscule in size. Their impact, however, is significant, as they pose a threat to various parts of plants, including flowers, leaves, stems, and roots. The consequences of nematode attacks on roots include root lesions, root knots, and stunted root systems, ultimately leading to crop failure. To counter this threat, nematicides play a crucial role in managing and eliminating nematodes.
Nematodes primarily target plants to feed on them, posing a substantial risk to crops by consuming fruits and blossoms, thereby adversely affecting overall yield. Nematicides emerge as a vital tool in agricultural practices to mitigate these detrimental effects on plant health and crop productivity.
The global nematicides market is on an upward trajectory due to the multifaceted benefits offered by these solutions. Nematicides not only combat nematodes directly but also enhance nutrient uptake and water use efficiency in plants. This, in turn, contributes to a reduction in fertilizer and irrigation costs while simultaneously increasing crop yields. As integrated pest control gains widespread adoption globally, the advantages of nematicides are becoming more widely recognized, further driving the expansion of the nematicides market.
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However, the growth of the global nematicides market is not without challenges. The use of synthetic nematicides, while effective against nematodes, may have detrimental effects on soil health. This factor poses a potential constraint on the market's development, necessitating a balanced approach to ensure sustainable agricultural practices.
In the realm of soil fumigation, halogen compounds and other fumigants, such as organophosphates and carbamates, are commonly employed to prevent root-knot nematodes in vegetable crops. Yet, a notable shift is observed in agricultural practices, with farmers increasingly opting for liquid nematicides that are non-fumigant. This shift is driven by growing concerns about the environmental and public health impacts associated with traditional fumigants. The move towards non-fumigant alternatives reflects an evolving mindset in the agricultural sector, emphasizing sustainability and eco-friendly practices.
Segmentation
The market for nematicides has been divided into segments by kind, form, crop type, application mode, and geography.
The global nematicides market has been divided into categories based on kind, including fumigants, carbamates, organophosphates, and others.
Based on form, the worldwide nematicides market outlook has been divided into two categories: liquid and dry.
Depending on the kind of crop, the global nematicides market has been segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others.
The global nematicides market has been segmented into seed treatment, irrigation, fumigation, and others based on the method of application.
Four major regions have been examined in depth: North America, Europe, Asia-Pacific, and the rest of the globe. The US, Canada, and Mexico have each been given their own segment of the North American nematicides market. The United Kingdom, Germany, France, Italy, Spain, and the rest of Europe are included in the classification of the European nematicides market. The markets for nematicides in China, India, Japan, Australia, New Zealand, and the rest of Asia-Pacific have been separated. In the remainder of the world, the nematicides market has been divided into South America, the Middle East, and Africa.
Key Players identified in the nematicides market include : BASF SE (Germany), ,Bayer Cropscience AG (Germany), ,The DOW Chemical Company (US), ,The Monsanto Company (US), ,Syngenta AG (Switzerland), ,FMC Corporation (US), ,ADAMA Agricultural Solutions Ltd. (Israel), ,Ishihara Sangyo Kaisha Ltd. (Japan), ,Valent USA (US), ,Simbiose Agrotecnologia Biologica (Brazil), ,Marrone Bio Innovations Inc. (US), ,American Vanguard Corporation (US), ,Isagro Group Spa (Italy), ,Nufram Limited (Australia), ,Sumitomo Chemical Co., Ltd (Japan)
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