Description

The global nematicides market size is estimated to be at USD 1.35 billion in 2021 and is projected to grow at a CAGR of 3.56% from 2021, to reach a value of USD 1.75 billion by 2027. Nematicides are the chemical pesticides used in crops to control the growth of nematodes, which are a major reason for the crop loss. Nematicides increases the quality and yield of the agriculture products. Nematicides are available in the two forms which include fumigant and contact application. Apart from the protection of plants from parasites, nematicides also help in the increasing of soil fertility. The most commonly used nematicides are the fumigants, carbamates, and organophosphates among others. Global Nematicides market is growing at a significant CAGR owing to increase in the prevalence of plant diseases and adoption of newer organic farming practices. Increase in the R&D activities for the development newer products and product approvals from U.S. Environmental Protection Agency are the factors expected to propel the revenue growth of the market over the forecast period. Moreover, acquisitions and mergers, product launchings, and expanding the business around the globe are the strategies followed by the companies for increasing their revenue share in  market. For instance, in May 2013, Syngenta AG launched Clariva, a seed treatment nematicide used to control the growth of nematodes in agricultural crops. Moreover, in August 2015, Bayer CropScience AG launched Velum Prime in Malawi market to destroy the parasites present in the plants. The demand for natural biologicals is constantly increasing throughout areas, owing to increased environmental and pollution concerns, as well as the health risks posed by many conventional agrochemicals. Customers are seeing a surge in demand for new biological treatments like bionematicides, which are used to combat nematodes on standing crops that cause crop damage, lowering overall farm productivity and quality.

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