Nematicides Market to be Worth $3.97 Billion by 2031

Nematicides Market Size, Share, Forecast, & Trends Analysis by Type (Chemical {Fumigant}, Biological {Microbial [Bacillus sp]}, Biochemical), Form, Nematode Type (Root-knot, Cyst), Mode of Application (Seed Treatment), Crop Type – Global Forecast to 2031

According to this latest publication from Meticulous Research®, in terms of value, the global nematicides market is projected to reach $3.97 billion by 2031, at a CAGR of 9.3% during the forecast period of 2024–2031. In terms of volume, this global nematicides market is projected to reach 201,413.3 tons by 2031, at a CAGR of 8.8% during the forecast period of 2024–2031. Rising demand for organic foods, growing environmental concerns, and market players’ focus on product launches and acquisitions are some of the factors driving the growth of this market. However, the lack of awareness and low adoption of bionematicides and stringent and non-standardized regulations restrain the growth of this market. Moreover, emerging markets in Asia-Pacific and Latin America and the growing adoption of biological seed treatments are expected to generate growth opportunities for the players operating in this market. However, the limited availability of bionematicides is a challenge for market stakeholders. Additionally, the growing utilization of sustainable agricultural inputs is a prominent trend in the nematicides market.