Nematicide Market

Market Leaders - BASF SE, Syngenta AT, Corteva Agriscience and Bayer AG are Focusing on Partnership, Acquisitions, and Investment Strategies to Strengthen Their Market Position in Nematicides Market

The global nematicides market is estimated to be valued at USD 1.9 billion in 2022. It is projected to reach USD 3.0 billion by 2027, recording a CAGR of 9.9 % during the forecast period. Nematicides are chemical pesticides used to kill plant-parasitic nematodes. They are applied to crops for protection from nematodes, resulting in enhanced yield and crop quality. Nematodes are tiny parasites, such as microscopic roundworms, found in large quantities in soil, water, and inside other plants and animals. They live in a film of water surrounded by soil; the water film helps in the maintenance of body fluids of nematodes.  Availability of pesticide products, growing awareness, increase in pest attacks, and growing pest resistance toward crop protection products drive the multiple application of pesticides, resulting in an increase in pesticide consumption across countries.

Key players in this market include BASF SE (Germany), Isagro S.P.A (Italy), Corteva Agriscience (US), Syngenta AG (Switzerland), Bayer AG (Germany).

BASF SE is one of the global leaders in the crop protection industry. The company operates through surface technologies, chemicals, materials, agricultural solutions, industrial solutions, nutrition, and care. It offers nematicide solutions through its agricultural solutions business. It has a broad product portfolio of fungicides, insecticides, seed treatment, and pest control. BASF offers solutions within nematicides for seed treatment. The company is now among the leading players in the nematicides market due to the strategic acquisition of Bayer CropScience’ (Germany) crop protection business and assets, which complement BASF’s agricultural solutions business. The acquisition is aimed at improving BASF’s presence in Europe and the Asia Pacific, alongside improving the research activities on herbicides and nematicides. The company has also invested in introducing patented technologies for nematode management seed treatment, which would provide growers with enhanced protection against various damaging nematode species in row crops

To know about the assumptions considered for the study download the pdf brochure

Isagro S.p.A primarily focuses on research, development, production, and distribution of agricultural products, such as agro pharmaceuticals and BioSolutions. The company aims to offer innovative solutions for crop protection and stewardship of the environment. It operates in two segments, namely crop protection and others; products in the crop protection segment range from fungicides, insecticides, biostimulants, pheromones, and fumigants. The company has invested USD 13.1 million in the crop protection segment, owing to a strong focus on R&D. It has developed nematicides by adopting innovative strategies and with the increasing nematode infestation. The major focus is on creating new nematicide molecules to serve the growers. The company conducts its manufacturing activities at four sites in Italy, with direct distribution in Brazil, Colombia, Italy, Spain, and the US. There are thirteen fully owned subsidiaries of Isagro Group, which help in delivering the global customers’ requirements.

Corteva Agriscience was formed after the merger of Dow and DuPont in June 2019. Corteva Agriscience is a global leader in two of the largest and most promising markets in the agricultural sector, namely, seed and crop protection. The company has a comprehensive, balanced, and diverse seed and crop protection business. The company offers nematicides through its crop protection business, which contributes about 45% of its revenue to the company. Corteva had completely gained all exclusive rights to crop protection businesses of DuPont and Dow AgroSciences, including the soil fumigant products of the latter.

The company has a stronghold in the agriculture industry and provides its solutions for crops such as corn, sorghum, rice, rapeseed, soybean, cotton, and cereals. The company has a stronghold in the crop protection business in the US, Canada, Brazil, and the European markets.

Related Reports:

Nematicide Market by Type (Chemical, Biologicals), Nematode Type (Root-Knot, Cyst, Lesion), Mode of Application (Drenching, Soil Dressing, Seed Treatment, Fumigation), Formulation, Crop Type, and Region - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Nematicide Market Size,  Share & Growth Report
Report Code
AGI 2533
RI Published ON
10/20/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status