The global nematicides market is projected to reach at USD 1.43 Billion by 2022, at a CAGR of 3.30% during the forecasted period. Multiple factors such as better maintenance of soil health to achieve the required crop yield, and emergence of South American countries in the agricultural sector acted as major contributors toward the growth of the overall market. In near future, Central and South American countries such as Brazil and Argentina are expected to emerge as food-exporting powerhouses due to various reasons such as large availability of arable land, favorable climatic conditions and expansion of specialty crops; in turn increases the demand for crop protection. Moreover, ongoing R&D activities on nematode control also help in introducing a few biological agents for effective crop protection solutions.
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The nematicides market has been segmented on the basis of type, form, method of application, application, and region. Based on the type, this market has been segmented into fumigant, carbamate, organophosphate, bionematicide, and others (acetoprole, benclothiaz, DBCP, and metam). The fumigant segment, by type, dominated the market in 2015 due to increasing use on high-value crop produces, such as fruits and vegetables. The fumigants remain an effective technique to control nematodes in the soil. It is one of the major biologicals that helps in controlling major nematodes, such as root knot nematodes, stubby root nematodes, and cyst nematodes. The bionematicides segment is projected to grow at the fastest CAGR during the forecast period. This is largely attributed to the declining demand for chemical-based nematicides due to the imposition of stringent government policies in developed countries and the increasing shift towards organic farming.

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Based on form, the nematicides market is segmented into solid (granular or powder) and liquid. The granular or powder form dominated the market in 2015. However, the liquid-based nematicides segment has been projected to witness the fastest growth during the forecast period due to flexibility toward direct placement of the nematicides on the target crop and due to their cost-effective benefits.

Based on method of application, the market is segmented into fumigation, irrigation, spraying, and seed treatment. Although the fumigation method segment held the largest market share in 2015, the seed treatment method is projected to witness the fastest growth during the forecast period, due to its less harmful effects on the human health.
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Based on application, the agricultural segment accounted for the largest share in 2015 and is projected to be the fastest-growing during the forecast period. This can be attributed to the increasing industrialization globally, accommodating the growth of industrial crops, such as corn and soybean leading to the increasing use of nematicides for controlling nematodes and increasing crop yield.

The key players in this market are BASF SE (Germany), Bayer CropScience AG (Germany), The Dow Chemical Company (US), E.I. Du Pont De Nemours and Company (US), and Monsanto (US).

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