The nematicide market is projected to reach USD 3.0 billion by 2027, recording a CAGR of 9.9% during the forecast period. The global industry is estimated to be valued at USD 1.9 billion in 2022. Nematodes are non-segmented, bilaterally symmetric worm-like invertebrates that lack respiratory and circulatory systems but have a body cavity and a fully functional digestive system. It is difficult to create chemical countermeasures against worms that infests plants. It is challenging to administer a chemical to a nematode's immediate surroundings since most Phyto-parasitic nematodes spend their whole lives isolated to the soil or inside plant roots.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193252005

Opportunities: Providing customized solutions targeted toward specific pests

With the growing environmental and pollution concerns and health hazards from many conventional agrochemicals, the demand for natural biologicals is rising steadily across regions. Customers are witnessing a high demand for new biological products such as bionematicides to use against nematodes on standing crops, which cause crop damages, thereby reducing the overall farm yield and quality. One such innovative method is seed treatment, which is gaining traction due to its less or non-toxic nature, reduced cost of cultivation, and favourable effect on the yield and quality of crops. Moreover, seed treatment is targeted toward the desired pests and improve efficiency in nutrient uptake.

The use of biologicals and related alternative management products is increasing. R&D teams of major global players are also engaged in discovering target-specific innovative products by using biological insecticides, which promote organic agriculture. For instance, Crop IQ Technology announced the release of NEMA-DEAD in 2018, the world's first organic nematicide combining chemicals and natural nematicides in a single formula. NEMA-DEAD is therapeutic like chemical nematicides and preventive like biological nematicides, with no residuals. It does not produce stress on treated plants and contains bio stimulants that help wounded bio-stimulants biotic challenges.

Root-Knot segment accounted for the largest share in the global nematicide market by nematode type in 2021

The nematicide market has been segmented by nematode type into root-knot nematodes, cyst nematodes, lesion nematodes and others (Stubby root and stem nematodes). In 2021, the root-knot segment dominated the global nematicide market with a share of 41.6 %, followed by cyst nematodes with a share of 29.5 % and lesion nematodes with a share of 17.4 %. Root-knot nematodes are major nematode types and are impacting yield losses in high-value cash crops, such as onion, winter wheat, onion, tomato, and hot pepper. Cyst nematodes are most prevalent in Europe and are found across the globe. They mostly occur in potatoes, sugarbeet, and beetroot.

Request Sample Pages: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=193252005

North America dominated the nematicide market, with a value of USD 0.54 billion in 2021; it is projected to reach USD 0.91 billion by 2027, at a CAGR of 9.4 % during the forecast period.

The US is one of the largest soybean producers and its by-products and contributes to a significant share in the oilseeds market. While a major portion of the demand for oilseeds is from the food and feed industries, the regulatory framework for the biofuel sector of Mexico has been changing. The scope for oilseeds in the biofuel sector is also changing. Canada has been experiencing a high demand for grains, stemming from the livestock industry. The countries are not self-sufficient entirely and depend on imports from the South American countries such as Brazil and Argentina.