Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 5.8 % |
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Market Overview
The nematicides market is projected to register a CAGR of 5.8% during the forecast period (2021-2026). The global COVID-19 pandemic had a significant impact on the nematicides market. The imposition of lockdown restrictions around the world resulted in supply chain disruptions, which in turn, disturbed the stakeholders involved in the supply of products to the destined locations. Factors such as shortage of labor and limited supply of raw materials due to restriction of movements have led to a decrease in production efficiency.
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 that are non-fumigant in nature are being increasingly adopted by farmers as a result of the rising concerns about the effects on the environment and human health. Fluensulfone, a recently developed active ingredient, has reportedly decreased 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 and the formulations and application techniques utilized by growers to maximize nematode control and significantly increase crop yields. The nematicides market is segmented by chemical type (halogen compounds and other fumigants, organophosphates, carbamates, and bio-based nematicides), formulation (liquid, granules, emulsifiable concentrates, and other formulations), application (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications), and geography (North America, Europe, South America, Asia-Pacific, and Africa).
| By Chemical Type | |
| Halogen Compounds and Other Fumigants | |
| Organophosphates | |
| Carbamates | |
| Bio-based Nematicides |
| By Formulation | |
| Liquid | |
| Granules | |
| Emulsifiable Concentrates | |
| Other Formulations |
| By Application | |
| Grains and Cereals | |
| Pulses and Oilseeds | |
| Commercial Crops | |
| Fruits and Vegetables | |
| Other Application Types |
| Geography | |||||||||
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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 environment-friendly IPM programs. For instance, 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. In developing countries like India, the usage of bio-nematicides is growing in recent years. For instance, 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 toward 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
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 North America, 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 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 United States. The most common nematode species affecting cotton in the United States are 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 nematicides market is a consolidated market, with the top seven players accounting 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 registering their nematicide products from respective regulatory authorities. The other prominent players active in the nematicides market include Sumitomo Chemical Co. Ltd, Nufarm Ltd, ADAMA LTD, and Marrone Bio Innovations Inc.
Recent Developments
In October 2020, American Vanguard Australia Pty Ltd acquired AgNova Technologies Pty Ltd, an Australian specialist agrochemical company. Through this acquisition, American Vanguard will gain global rights for Agnova products that could contribute to significant commercial operations to AMVAC globally.
In May 2019, Corteva Agriscience partnered with Stoller to enter the agricultural biologicals market to sell bio-nematicides for the protection of sugarcane in Brazil.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Chemical Type
5.1.1 Halogen Compounds and Other Fumigants
5.1.2 Organophosphates
5.1.3 Carbamates
5.1.4 Bio-based Nematicides
5.2 By Formulation
5.2.1 Liquid
5.2.2 Granules
5.2.3 Emulsifiable Concentrates
5.2.4 Other Formulations
5.3 By Application
5.3.1 Grains and Cereals
5.3.2 Pulses and Oilseeds
5.3.3 Commercial Crops
5.3.4 Fruits and Vegetables
5.3.5 Other Application Types
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 Spain
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Stretegies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 American Vanguard Corporation
6.3.2 BASF SE
6.3.3 Bayer CropScience AG
6.3.4 Corteva Agriscience
6.3.5 Syngenta International AG
6.3.6 FMC Corporation
6.3.7 UPL Limited
6.3.8 Bioworks Inc.
6.3.9 Isagro SpA
6.3.10 Marrone Bio Innovations Inc.
6.3.11 Nufarm Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Nematicides Market market is studied from 2016 - 2026.
What is the growth rate of Nematicides Market?
The Nematicides Market is growing at a CAGR of 5.8% over the next 5 years.
Which region has highest growth rate in Nematicides Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Nematicides Market?
North America holds highest share in 2020.
Who are the key players in Nematicides Market?
American Vanguard Corporation, BASF SE, Bayer CropScience AG, Syngenta International AG, Corteva Agri Science are the major companies operating in Nematicides Market.
