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Nematicides Market - Growth, Trends and Forecast (2020 - 2025)

The Global Nematicides Market is segmented by Chemical Type (Halogen Compounds & Other Fumigants, Organophosphates, Carbamates, and Bio-based Nematicide), By Formulation (Liquid, Granules, Emulsifiable Concentrates, and Other Formulations), By Application (Grains & Cereals, Pulses &Oilseeds, Commerical Crops, Fruits & Vegetables, and Other Applications), and By Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.8 %

Major Players:

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Market Overview

The market studied was valued at USD 1,347.6 million in 2019 registering a CAGR of 5.8%, during the forecast period (2020-2025). During the study period, it has been found that although the advent of bio-based nematicides is registering a high growth rate in terms of development and adoption, the chemical nematicides segment still occupies the largest share in the overall market. The rate of application of Halogen compounds and other fumigants outpaces that of organophosphate and carbamate, as soil fumigation is intensively practiced for controlling root-knot nematodes in vegetable crops across the world. However, liquid nematicides which are non-fumigant in nature, are being increasingly adopted by the farmers, as a result of the rising concerns about the effects on the environment and human health. Fluensulfone, which is a recently developed active ingredient, has reportedly resulted in the decrease of potato cyst nematode infection by 43% and increased potato yield by 62% in the United States, as revealed by a study conducted in 2019.

North America is the largest region for registered nematicide use with the United States accounting for 51.9% of the share in the region, in 2019, where cereal cyst nematodes result in economic loses worth USD 3.4 million, annually.

Scope of the Report

Nematicides refer to the pesticides available for controlling nematode population and infestation, as well as the formulations and application techniques utilized by growers, to maximize nematode control and significantly increase crop yields.  The report presents a wide range of analysis of the market share, size, and trends that are prevalent in the nematicide industry, globally. For the purpose of the report, the market is segmented by chemical type, formulation, application type, and geography. In accordance with the objective of the study, a thorough analysis of the regulatory framework that is followed in some of the major countries/regions, viz., Europe, the United States, Brazil, Argentina, Japan, India, and China, have also been incorporated.

Chemical type
Halogen Compounds & Other Fumigants
Organophosphate
Carbamate
Bio-Based Nematicide
Formulation
Liquid
Granules
Emulsifiable Concentrates
Other Formulations
Application Type
Grains & Cereals
Pulses & Oilseeds
Commercial Crops
Fruits & Vegetables
Other Application Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Demand for Bio-Based Nematicides

Although synthetic or chemical nematicides continue to witness a positive trajectory in demand, an emerging preference for biological nematicides has been observed in recent years, primarily due to the rapid adoption of Integrated Pest Management (IPM) techniques and sustainable agricultural practices, globally.  Empirical observations have revealed that bio-nematicides act synergistically with other agricultural inputs as an important component under environmentally friendly IPM programs. For instance, according to a study published in the Egyptian Journal of Biological Pest Control, T. viride and P. fluorescens, when integrated with neem cake, yielded effective results in controlling Meloidogyne incognita (Raveendra et al. 2011, Seenivasan 2007).  As per an article published in the Journal of the International Organization for Biological Control, in 2017, there have been numerous developments in the commercialization of bio-nematicides in the United States, in the past few years. Extensive research has been conducted in developing Pasteuria spp. and Purpureocillium lilacinus as potential nematicides. Under the scheme, “Strengthening & Modernization of Pest Management Approach (SMPMA)”, the overall use of bio-pesticides including bio-nematicides in India, increased from 123.0 metric ton during 1994-1995 to 7,682.0 metric ton during 2018-2019.

<Integrated Pest Management has been a compulsory regulation in the European Union since 2014, as part of its strategy towards achieving sustainability in agriculture and reduction of pesticide risks. Additionally, the area under organic farmland in Europe rose drastically from 13,535.2 thousand hectares in 2016 to 15,635.5 thousand hectares in 2018. Multiple nematodes (roundworms), such as root-knot, cyst, sting, and lance, prevalent on a wide range of crops grown organically in the region, are further expected to push the demand for bio-nematicides in the coming years.

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North America Dominates the Global Market

The US nematicide market was valued at USD 219.6 million in 2019 registering a CAGR of 5.6% during the forecast period. Owing to the presence of various nematode species attacking a wide range of economically important crops, as well as awareness of farmers regarding the application of chemical nematicides, the country has garnered the highest share in the North American market. In 2018, by chemical type, the fumigants segment dominated the market. Soil fumigation is the most widely accepted practice for crop treatment against nematodes. In the country, Meloidogyne, Heterodera, Tylenchulus, Rotylenchulus, and Protylenchulus are the common agricultural pest nematodes. Due to their high volatility, chemical fumigants are used in enclosed spaces, like greenhouses, warehouses, etc. Most of the soil fumigants are formulated in the gas form. Though soil fumigation is one of the most adopted methods in the country to control nematodes, they are not effective in the long run. These gaseous nematodes escape simultaneously into the atmosphere as they are applied in the soil. However, this can be prevented to some extent by locking the soil surface using some tillage or plowing equipment.

In terms of crops, vegetables, corn, and cotton are majorly affected by nematodes in the country. The most common nematode species affecting cotton in the United States are species southern root-knot (Meloidogyne incognita), reniform (Rotylenchulus reniformis), Columbia lance (Hoplolaimus columbus), and sting (Belonolaimus longicaudatus). The increase in the number of nematicide products based on the aforementioned nematodes is estimated to drive the market.

Farmers in the country are opting for bio-based nematicides, primarily due to increased pressure from the Environmental Protection Agency (EPA) to reduce the usage of chemical nematicides. The adverse impact of chemical nematicides on the environment has led to the restricted use of chemical nematicide products. This factor is expected to restrict the market’s growth in the future.

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Competitive Landscape

The global nematicides market is consolidated with the top seven players accounted for 66.0% of the market share in 2019, while others held a share of 34.0% in the same year. American Vanguard Corporation, Bayer AG, Syngenta International AG, Corteva Agriscience, and UPL Limited are the major players in the market. Major players are expanding their presence by making their nematicide products registered from respective regulatory authorities. For instance, in November 2016, Bayer launched Velum Prime nematicide, registered for potato crops in Canada. Velum Prime contains the active ingredient, fluopyram, that helps in the reduction of plant-parasitic nematodes, including root lesion, root-knot, and potato cyst nematode. The other prominent players who are active in the global market include Sumitomo Chemical Co. Ltd, Nufarm Ltd, ADAMA LTD, and Marrone Bio Innovations Inc.

 

 

 

 

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Chemical type

      1. 5.1.1 Halogen Compounds & Other Fumigants

      2. 5.1.2 Organophosphate

      3. 5.1.3 Carbamate

      4. 5.1.4 Bio-Based Nematicide

    2. 5.2 Formulation

      1. 5.2.1 Liquid

      2. 5.2.2 Granules

      3. 5.2.3 Emulsifiable Concentrates

      4. 5.2.4 Other Formulations

    3. 5.3 Application Type

      1. 5.3.1 Grains & Cereals

      2. 5.3.2 Pulses & Oilseeds

      3. 5.3.3 Commercial Crops

      4. 5.3.4 Fruits & Vegetables

      5. 5.3.5 Other Application Types

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Spain

        4. 5.4.2.4 France

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Stretegies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 American Vanguard Corporation

      2. 6.3.2 BASF SE

      3. 6.3.3 Bayer CropScience AG

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 Syngenta International AG

      6. 6.3.6 FMC Corporation

      7. 6.3.7 UPL Limited

      8. 6.3.8 Bioworks, Inc.

      9. 6.3.9 Isagro SpA

      10. 6.3.10 Marrone Bio Innovations Inc.

      11. 6.3.11 Nufarm Limited

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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