Global Nematicides Market Size, Share, Growth Analysis Report - Forecast 2034

Global Nematicides Market: Industry Perspective

The global nematicides market size was worth around USD 1523.54 Million in 2024 and is predicted to grow to around USD 2677.38 Million by 2034 with a compound annual growth rate (CAGR) of roughly 5.8% between 2025 and 2034. The report analyzes the global nematicides market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the nematicides industry.

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Global Nematicides Market: Overview

Nematicides are chemical pesticides that kill nematode plant parasites. They are widely utilized in different fruits and vegetables like apples, tomatoes, potatoes, and several others. Besides this, it also aids in enhancing soil fertility. Reportedly, nematicides are used for controlling parasitic worms such as threadworms and roundworms. They are the most frequently used fungicides/insecticides in farming activities. Apart from this, they are applied uniformly in farming and are utilized for killing nematodes.

Global Nematicides Market: Growth Factors

The degrading human health is one of the crucial factors steering the growth of the global nematicides market. The growing spending capacity of consumers all around the globe along with the surge in demand for high-quality food is likely to further complement the growth of the market exponentially. The growing environmental issues along with the associated health problems owing to the synthetic agri-inputs are likely to accentuate the requirements of bio-based nematicides globally. However, organic farming is largely being encouraged all around the globe as an ideal alternative to conventional farming practices to lower the negative impact on the environment as well as on human beings. Organic farming is expected to offer stronger dynamics for the growth of bio-based plant protection solutions. The reduction of fertile and arable soil for agriculture purposes due to the growing industrialization globally is also likely to drive the growth of the market globally during the forecast period.

Restraints:

Overuse of pesticides in developing countries can hinder global industry expansion over the forecast period

A rise in raw material costs and production prices has decimated the expansion of the global nematicides industry in recent years. Apart from this, the pesticide residue issue has taken center stage in the farming sector in emerging economies as farmers overuse pesticides for protecting crops against insects & pests, thereby leading to pesticide-affected low-quality crop yield. This, in turn, can retard the growth of the industry across the globe in the years ahead.

Opportunities:

Less availability of cultivable land for increasing food produce & taking more crops will shape the global market growth 

The growing focus of the government and other stakeholders on adopting the sustainable mode of farming is likely to further promote the adoption of bio-based nematicides, thereby opening new avenues of growth for the global nematicides market. Reduction of the arable & fertile soil for farming purposes owing to surging industrialization will steer the global market elevation in the upcoming years. The rise in the investments by leading players to propel the research & development activities and launching of innovative products in the market will positively impact the growth statistics. Citing an instance, in November 2023, FMC Corporation, a U.S.-based chemical manufacturing firm, introduced a new biofungicide premix crop-protecting product referred to as Ethos Elite LFR biofungicide for the U.S. market in 2024.  

Challenges:

A rise in environmental degradation caused by fertilizers & pesticides can prove a big challenge for the global industry elevation

Lack of awareness and less use of biological products can pose a huge challenge to the growth of the global nematicides industry. High concerns over environmental pollution caused due to chemical pesticide use can further restrain the growth of the industry across the globe.

Key Insights

• As per the analysis shared by our research analyst, the global nematicides market is estimated to grow annually at a CAGR of around 5.8% over the forecast period (2025-2034).
• Regarding revenue, the global nematicides market size was valued at around USD 1523.54 Million in 2024 and is projected to reach USD 2677.38 Million by 2034.
• The nematicides market is projected to grow at a significant rate due to increasing global demand for food, the rising incidence of nematode infestations causing significant crop damage, growing awareness of advanced crop protection solutions, and continuous research and development in sustainable and bio-based nematicides.
• Based on Type, the Fumigants segment is expected to lead the global market.
• On the basis of Crop, the Vegetables segment is growing at a high rate and will continue to dominate the global market.
• Based on the Formulation, the Liquid segment is projected to swipe the largest market share.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Global Nematicides Market: Report Scope

Global Nematicides Market: Segmentation

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The global nematicides market is sectored into the application, crop, type, form, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.                    

In type terms, the global nematicides market is segregated into fumigants, bio-nematicides, carbamate, organophosphates, and others segments. Furthermore, the bio-nematicides segment, which acquired approximately two-thirds of the global market share in 2022, is prognosis to record the fastest rate of growth in the coming eight years. The growth of the segment during the forecast timeline can be credited to rising awareness about sustainable agriculture practices among the customers. Moreover, the growing significance of organic foods and integrated pest management solutions will steer the segmental surge.  

Based on the form, the global nematicides industry is sectored into liquid and granular segments. Moreover, the liquid segment, which accumulated the largest share of the global industry in 2022, is predicted to dominate the form segment in the forecasting period. The expansion of the segment in the next eight years can be due to its ease of application, less product wastage, and high convenience in handling the product.

Based on the crop, the nematicides market globally is bifurcated into vegetables, fruits & nuts, field crops, and others segments. Furthermore, the vegetables segment, which dominated the segmental growth in 2022, is prognosis to continue its segmental domination in the forecast timeframe. The growth of the segment during the forecasting years can be attributed to growing cases of infestation on vegetables such as carrots, cauliflower, peas, tomatoes, and potatoes by different nematode species including cyst nematode, lesion, root-knot nematodes, and others. Hence, farmers growing vegetables make utilization of nematicide products for treating nematodes along with preventing product losses.   

Based on application, the global nematicides market is segregated into soil dressing, seed treatment, fumigation, drenching, and others segments.

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Global Nematicides Market: Regional Analysis

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The nematicides market exhibits strong regional variation, with North America holding a significant share due to the region's well-established agricultural sector, adoption of advanced farming practices, and high awareness of crop protection solutions. Europe follows closely, driven by stringent regulations promoting sustainable farming and the increasing demand for bio-based nematicides. Asia-Pacific is expected to witness the fastest growth owing to expanding agricultural activities, rising demand for food production, and growing awareness among farmers in countries like China and India. Meanwhile, Latin America and the Middle East & Africa show steady growth potential, supported by increasing investments in agriculture and the need to control crop losses caused by nematode infestations in key cash crops such as coffee, sugarcane, and bananas.

Global Nematicides Market: Competitive Analysis

The global nematicides market is dominated by players like:

• 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.)

Global Nematicides Market: Segmentation Analysis

The global nematicides market is segmented as follows:

By Form

• Liquid
• Granular

By Crop

• Vegetables
• Fruits & Nuts
• Field Crops
• Others

By Type

• Bio-Nematicides
• Carbamate
• Organophosphates
• Fumigants
• Others

Global Nematicides Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa