Nematicides Industry Growth Outlook: 8.3% CAGR and $2.48 Billion by 2029

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What Is the Long-Term Growth Forecast for the Nematicides Market Size 2025?
The nematicides market has witnessed significant growth in the past few years. Its size is expected to increase from $1.69 billion in 2024 to $1.8 billion in 2025, rising at a compound annual growth rate (CAGR) of 6.7%. Factors such as crop protection, agricultural productivity, soil conservation, worldwide food requirement, and regulatory aid contributed to the development during the historical period.

What CAGR is Forecasted for the Nematicides Market Through 2029?
In the coming years, the market size of nematicides is anticipated to undergo significant growth, projected to reach $2.48 billion in 2029 with a compound annual growth rate (CAGR) of 8.3%. Reasons for this growth during the predicted period can be tied to factors such as organic farming, precision agriculture, the effects of climate change, integrated pest management (ipm), and alternative pest control methods. Noteworthy trends that are expected to occur during the forecast period are sustainable agriculture certification, biological nematicides, research and innovation, data-based decision making, and chemical nematicides.

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What Are the Critical Factors Driving Nematicides Market Development?
The nematicides market is anticipated to experience significant growth, propelled by the escalating demand for high-value crops. High-value crops, inclusive of vegetables, potatoes, hybrid maize, fruits, and spices, offer farmers a more substantial net return per hectare compared to high-yielding winter rice. It's important, especially for exporting high-value agricultural products, to eliminate nematodes from these crops. As evidenced by data released by the Department for Environment, Food, and Rural Affairs (Defra), a government department based in the UK, in February 2024, there was a 2.8% rise in demand for domestic human and industrial wheat for flour milling, including starch and bio-ethanol, in 2022 compared to 2021, totalling approximately 6 million tonnes. Therefore, the tremendous surge in demand for high-value crops serves as a driving factor for the expansion of the nematicides market.

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How Does the Nematicides Market Break Down Across Major Segments?
The nematicides market covered in this report is segmented -

1) By Type: Fumigants, Bio Nematicides, Organophosphates, Carbamates, Other Types
2) By Form: Granular Or Powder, Liquid
3) By Crop Type: Fruits and Vegetables, Oilseeds, Cereals and Grains, Other Crop Types
4) By Application: Fumigation, Soil Dressing, Drenching, Seed Treatment, Other Applications

Subsegments:
1) By Fumigants: Methyl Bromide, Chloropicrin, Phosphine, 1,3-Dichloropropene
2) By Bio Nematicides: Bacterial-Based Bio Nematicides, Fungal-Based Bio Nematicides, Plant-Based Bio Nematicides
3) By Organophosphates: Oxamyl, Terbufos, Methamidophos, Dimethoate
4) By Carbamates: Carbofuran, Methomyl, Aldicarb
5) By Other Types: Pyrethroids, Neonicotinoids, Essential Oils, Inorganic Compounds

What Are the Major Trends Transforming the Nematicides Industry?
Technological progress is becoming a major trend in the nematicides industry. This represents the creation of technological knowledge. Key players in the nematicides market are prioritizing the development of innovative technological solutions to consolidate their position. In September 2023, for instance, Bayer Inc., a company based in Germany that specializes in life sciences, released Velum and Emesto. These products bring new and innovative formulations that offer broad protection against pests and diseases, improving the yield and quality of crops while supporting sustainable farming through low dosage rates and effective application methods. These technological steps forward represent a commitment to integrated pest management, providing Canadian potato farmers with efficient solutions to tackle pest resistance ensuring a more secure harvest.

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Which Players Are Driving Innovation in the Nematicides Market?
Major companies operating in the nematicides market include Adama Agricultural Solutions Ltd., BASF SE, Bayer Crop Science AG, Certis L.L.C, Corteva Inc., Crop IQ Technology Group, Horizon Group, Isagro Group, Marrone Bio Innovations Inc., Nufarm Limited, Syngenta AG, Dow Inc., UPL Limited, Valent L.L.C, Agri Life, BioWorks Inc., Brandt Consolidated Inc., Chr. Hansen Holding A/S, American Vanguard Corporation, FMC Corporation, Monsanto Company, Sumitomo Chemical Co. Ltd., Camson Bio Technologies Limited, Terramera Inc., Gowan Company LLC, AgBiome Inc., Novozymes A/S, Verdesian Life Sciences LLC, NemaLife Sciences LLC, AgroLiquid LLC, BioSafe Systems LLC

Which Regions Are Driving Global Nematicides Market Expansion?
North America was the largest region in the nematicides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nematicides market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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