The global nematicides market is projected to witness significant growth during the review period, exhibiting a CAGR of 7.83%. The market was estimated to be USD 1,903.64 million in 2022 and is expected to reach a value of USD 3,457.97 million by the end of the forecast period (2022-2030).
Based on type, the fumigants segment accounted for a market share of 13.8% in 2022 and is expected to exhibit a CAGR of 6.92% during the forecast period owing to its wide usage to disinfect soil and reduce the chances of yield loss caused by soilborne pests in high-value crops such as vegetables. Fumigants are usually broad-spectrum pesticides where the active component travels through the soil as a gas. Fumigants do not have a long duration of residual pesticidal activity since they are not absorbed by plants or bound by soil.
Based on form, the liquid segment accounted for a market share of 63.8% in 2021 owing the wide usage of liquid nematicides among farmers owing to the various benefits provided by it such as wide availability of the products by major key players, ease of usage and many more. As a part of this, Bayer Crop Science provides velum prime a liquid nematicide for potatoes and carrots. When planting potatoes, it can be administered in-furrow or as a spread spray on the soil's surface, and then it can be worked into the soil up to 72 hours beforehand to a minimum depth of 10 to 20 centimetres. Velum Prime is effective against both globodera pallida and globodera rostochiensis species of potato cyst nematodes (PCN) in potatoes (ware, seed, and salad crops). Some soils with a lot of organic matter may have less activity against g. pallida.
Based on crop type, the fruits and vegetables segment accounted for a market share of 37.5% in 2021 owing the wide usage of nematicides in various fruits and vegetables such as tomato, cucumber, okra, brinjal, chillies, and many more. Hence, the presence of various types of nematicides which are used in fruits and vegetables is likely to contribute to its market growth. For instance, the soil fumigant paladin has lately been sold in the US as a means of nematode, weed, and soilborne plant pathogen control. To combat soilborne pests in vegetable crops like tomatoes, cucurbits, squash, peppers, eggplants, and melons, paladin is an emulsified compound that can be broadcast, soaked, or drip-applied before planting.
Based on mode of application, the fumigation segment accounted for a market share of 57.9% in 2022 owing the wide usage of it in various agricultural practices. As a part of this, the use of fumigation techniques for pest control is quite flexible. When liquid or dust formulations are unsuccessful or dangerous, they can be employed to control burrowing rodents that are challenging to reach with other types of rodenticides. The most common uses of fumigants in nevada are weed and disease management in soils, commodity fumigations for insects in fresh and stored food products such cereals, fruits, vegetables, nuts, and dried fruit, and ground burrowing rodent control. However, there are few serious hazards associated with the practise of fumigation. These hazards include environmental risks from improper use or accidents, risks to the health and safety of agricultural workers and anyone who may be exposed to these compounds, and other dangers. Failure of the therapy due to the reintroduction of viruses on agricultural machinery or transplant materials is another concern. The "boomerang effect" is a phenomenon when a pathogen is (re)introduced in a partially sterilised soil and quickly multiplies since checks and balances are no longer present in that soil.
The ensuing outbreak is worse in this scenario than it would be if the soil had never been fumigated. Therefore, when working in a newly constructed area, it is crucial to take care to plant very clean transplant material and to use only clean equipment.
Furthermore, the increasing demand for bio-based nematicides owing to the various benefits provided by it such as ease of handling as well as ensuring lower risk of contamination to applicators is a vital factor boosting its market growth. As a part of this, bio-based nematicides work by using organic substances made by plants and microbes to suppress nematodes. Nematicides of this type can be split into microbe-based and plant-based varieties. Plant-parasitic nematodes are controlled by nematicides based on microorganisms. An antagonistic soil bacterium's secondary metabolites are suspended in products like majestene. Other treatments, like melocon wg, use live organisms to prevent nematode eggs from developing. Whereas the activity of a wide variety of natural substances produced by plants is used by plant-based nematicides to inhibit worms. This includes goods from Champon Millennium Chemicals Inc. like nemakill and dazitol, which include the active ingredients capsaicin and mustard essential oil.
Besides this, the demand for high-quality food is also rising which is another factor boosting its market growth. For example, according to Wantstats analysis, by 2050, the demand for food is anticipated to rise by anywhere from 59% to 98%. Consequently, agricultural markets will adopt new structures. Farmers around the world would enhance food production, either by adding more space for farming or by improving productivity on current agricultural lands through irrigation, fertiliser, and innovative techniques like precision farming. Apart from this, technological developments and rising investment in R&D activities may serve as an opportunity for market growth. However, the stringent government regulation regarding nematicides may serve as a restraint for its market growth.
