The global nematicides market size was valued at USD 1.66 billion in 2024. The market is projected to grow from USD 1.72 billion in 2025 to USD 2.54 billion by 2032, exhibiting a CAGR of 5.69% during the forecast period. North America dominated the nematicides market with a market share of 33.73% in 2024. Moreover, the nematicidies market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 608.89 million by 2032, driven by rising need to increase crop yield and quality and declining arable land in the country.

Amplified demand for high-value crops, such as fruits and vegetables, and rising incidence of nematode infestation are leading to the increasing demand for nematode control products. Higher acceptance and appreciation of the product amongst growers in developing and developed countries are influencing the market growth trajectory. In addition, the ongoing research & development activities for the production of sustainable nematode control products are fueling the present growth scenario.

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Segmentation

The market is segmented by type into fumigants, organophosphate, carbamate, and bio-based nematicides. Based on crop type, it is divided into vegetables, field crops, fruits, and others. In terms of formulation, the market is classified into liquid, granular/emulsifiable liquid, and others. Geographically, the market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

This report offers a detailed analysis of market trends, future projections, and investment opportunities. It provides insights into upcoming challenges, competitive dynamics, and key growth drivers shaping the industry. Additionally, the report examines regional market trends and evaluates the impact of COVID-19, equipping investors and industry professionals with a comprehensive risk assessment. The strategies of leading market players are also highlighted to illustrate their role in market expansion.

Driving Factors

Rising Food Demand as a Key Market Growth Driver

The increasing emphasis on food security and sustainability is driving the demand for agricultural products. As a vital sector, agriculture must meet the rising global demand for cereals and staple crops. Rapid urbanization and economic growth in Asia Pacific are expected to significantly contribute to this demand surge. However, pest and pathogen infestations pose serious threats to crop yields, prompting farmers to adopt nematicides to enhance both productivity and crop quality.

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Regional Insights

North America Maintains Market Leadership with Increased Product Utilization

North America led the nematicides market, recording a valuation of USD 510.86 million in 2021. The region remains a key hub for nematode control solutions and is expected to sustain its dominance in the coming years.

In Asia Pacific, demand for nematicides is projected to rise due to the expanding cultivation of high-value crops such as fruits and vegetables. Consequently, several leading companies are expanding their operations in this region.

Meanwhile, South America is experiencing an increasing need for crop protection solutions due to substantial yield losses from nematode infestations. Major crops such as soybeans, maize, vegetables, and coffee are highly susceptible, leading to a growing reliance on nematicides to safeguard agricultural profitability.

Competitive Landscape

Strategic Business Moves by Key Players to Influence Market Trends

Leading companies in the industry actively engage in strategic initiatives, including acquisitions, product innovations, partnerships, and regulatory agreements, shaping the overall market landscape.

Key Players Profiled in the Report:

  • Bayer AG (Germany)
  • UPL Limited (India)
  • FMC Corporation (U.S.)
  • Corteva Agriscience (U.S.)
  • Syngenta (Switzerland)
  • BASF SE (Germany)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Nufarm Limited (Australia)
  • Marrone Bio Innovations (U.S.)
  • American Vanguard Corporation (U.S.)

Notable Industry Development

March 2022 – U.S.-based agricultural R&D company BioConsortia, Inc. announced the development and registration of two new nematicides after successful field trials on corn and other key crops. These innovative products provide effective nematode control while improving overall crop yields.

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