South America Nematicides Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 256.5 Million |
| Market Size (2029) | USD 328.90 Million |
| CAGR (2024 - 2029) | 5.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Nematicides Market Analysis
The South America Nematicides Market size is estimated at USD 256.5 million in 2024, and is expected to reach USD 328.90 million by 2029, at a CAGR of 5.20% during the forecast period (2024-2029).
The South American nematicides market has experienced steady growth in recent years, fueled by rising demands for high-yield crops and the imperative to address nematode infestations. The region's robust agricultural foundation, especially in soybean and corn production, further propels this market. Additionally, heightened attention to specialty crops and a growing awareness of nematode management across South American nations bolster the market's expansion.
Farmers in the region are increasingly embracing integrated pest management practices, which include crop rotation and the adoption of biological nematicides. Furthermore, technologies facilitating the targeted application of nematicides are gaining popularity, enhancing efficiency while minimizing environmental repercussions. This trend is likely to bolster the market's growth further. Nonetheless, concerns are mounting over nematodes developing resistance to chemical treatments, underscoring the urgency for innovative solutions. Stricter regulations on chemical applications are advocating for safer, sustainable nematicide alternatives. Additionally, the premium pricing of certain advanced nematicides poses challenges for smallholder farmers.
In response, regional growers are pivoting towards sustainable agricultural practices, a shift likely to amplify the adoption of biological nematicides and integrated pest management strategies in the foreseeable future. Supportive initiatives further underscore this trend. For instance, in 2023, Syngenta introduced its biological nematicide, Certano, tailored for the entire sugarcane cycle in Brazil.
Given these dynamics, the South American nematicides market is poised for continued growth, driven by the pressing need for effective pest management amidst escalating agricultural production demands. As the market leans towards sustainability and innovation, it is set to evolve, striking a balance between efficacy and environmental responsibility.
South America Nematicides Market Trends
Bio-Based Nematicides Market is Growing by Chemical Type
In the region, farmers are increasingly adopting bio-based nematicides, recognized for their effectiveness in managing nematode populations and their alignment with environmental sustainability goals. Heightened awareness of environmental concerns and rising consumer demand for organic products are steering farmers in the region's countries toward organic farming. For example, data from FibL highlights that Brazil's organic farming area expanded from 945,409 hectares in 2020 to 996,413 hectares in 2022. This trend will likely bolster the growth of bio-based nematicides in the region.
Bio-based nematicides protect non-target organisms, thereby enhancing biodiversity in agricultural ecosystems. These products not only enrich microbial diversity and nutrient availability but also bolster soil health, creating a favorable environment for crops. Furthermore, their compliance with organic farming regulations enables farmers to label their produce as organic. In Brazil, the government, in collaboration with international agricultural bodies, is championing sustainable farming practices. There's a concerted effort to curtail the use of chemical pesticides, driven by environmental and health concerns. In this context, bio-based products are garnering heightened attention, evident from increased research funding and regulatory backing. Policies are advocating for integrated pest management (IPM) strategies that incorporate bio-based nematicides, especially within organic farming and agroecology.
Moreover, several bio-based nematicides, especially those harnessing beneficial microorganisms like Bacillus, Trichoderma, and Paecilomyces, have proven effective against nematode populations. Beyond nematode control, these products bolster soil health by promoting microbial diversity. Notably, bio-based nematicides are deemed safer for non-target organisms, including beneficial insects and soil microbes, compared to their synthetic counterparts, enhancing their appeal in eco-friendly farming.
Increasing Use of Nematicides in Grains and Cereals
Nematicides are essential for managing nematode populations that threaten the yield and quality of grains and cereals, which are staple crops in South America. With major exporters like Brazil and Argentina, South America holds a significant position in the global grain market. As the demand for food continues to rise, the need for effective pest management strategies, including the use of nematicides, has become increasingly important.
In Brazil, key cereals such as maize (corn), wheat, rice, and sorghum are integral to the nation's agricultural economy. Infestations from nematodes, particularly root-knot nematodes (Meloidogyne spp.), root-lesion nematodes (Pratylenchus spp.), and cyst nematodes (Heterodera spp.), can severely impact cereal production. These infestations hinder root function, water uptake, and nutrient absorption, ultimately leading to diminished yields. To address this issue, Brazilian cereal producers employ a variety of nematicides, spanning chemical, biological, and bio-based formulations. This multifaceted approach not only mitigates nematode-related challenges but also reduces chemical usage, thereby enhancing grain and cereal output. For instance, according to FAOSTAT, Brazil's cereal production jumped from 112.04 metric tons in 2021 to 135.49 metric tons in 2022.
The increasing use of nematicides in South America's grain and cereal sectors highlights the pressing need for effective pest management in light of growing agricultural demands. By integrating both chemical and biological methods within a comprehensive pest management strategy, local farmers are not only addressing nematode issues but also promoting sustainability and protecting their yields. As the agricultural landscape evolves, the role of nematicides becomes ever more pivotal in ensuring food security and driving the region's economic growth.
South America Nematicides Industry Overview
South America's Nematicides Market is consolidated, with the top five companies including Syngenta International AG, FMC Corporation, Bayer Cropscience AG, Adama Ltd, and Agrivalle are some of the major players operating in this region. These players are adopting product innovation as their key strategy to strengthen their position in the market.
South America Nematicides Market Leaders
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Bayer CropScience AG
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Syngenta International AG
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Adama LTD
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FMC Corporation
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Agrivalle
*Disclaimer: Major Players sorted in no particular order
South America Nematicides Market News
- September 2024: Bayer presented its biological alternative for nematode control, the bionematicide Vinemco, during the 39th Brazilian Congress of Nematology (CBN). Formulated with Bacillus amyloliquefaciens, the product is registered to control reniform, root-knot, and lesion nematodes.
- May 2024: Plant Health Care (PHC) launched TEIKKO in Brazil, as per the company the product is one of the most innovative and disruptive peptide-based solutions for nematode control.
South America Nematicides Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Agricultural Production and Increasing Infestation from nematodes
4.2.2 Increasing Government Initiatives
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 Regulatory Challenges and Environmental Concerns
4.3.2 High Costs of the Nematicides
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Chemical Type
5.1.1 Halogen Compounds and Other Fumigants
5.1.2 Organophosphate
5.1.3 Carbamate
5.1.4 Bio-Based Nematicide
5.2 Formulation
5.2.1 Gaseous Formulations
5.2.2 Liquid
5.2.3 Granules or Emulsifiable Liquid
5.2.4 Other Formulations
5.3 Application type
5.3.1 Grains & Cereals
5.3.2 Pulses & Oilseeds
5.3.3 Commercial Crops
5.3.4 Fruits & Vegetables
5.4 Country
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Bayer CropScience AG
6.3.2 Syngenta International AG
6.3.3 Adama LTD
6.3.4 Agrivalle
6.3.5 Sumitomo Chemical Co., Ltd (Valent Bioscience)
6.3.6 FMC corporation
6.3.7 BASF SE
6.3.8 Corteva Agriscience
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Nematicides Industry Segmentation
Nematicides are a type of chemical pesticide that is used to kill nematodes. South America Nematicides Market is segmented by Chemical Type (Halogen Compounds & Other Fumigants, Organophosphates, Carbamates, and Bio-based Nematicide), By Formulation (Gaseous formulations, Liquid, Granules or Emulsifiable Liquid, and other formulations), By Application (Grains & Cereals, Pulses &Oilseeds, Commerical Crops, Fruits & Vegetables, and Other Applications) and by Country (Brazil, Argentina, Rest of South America). The report offers market estimation and forecasts in terms of value (USD) for the above-mentioned segments.
| Chemical Type | |
| Halogen Compounds and Other Fumigants | |
| Organophosphate | |
| Carbamate | |
| Bio-Based Nematicide |
| Formulation | |
| Gaseous Formulations | |
| Liquid | |
| Granules or Emulsifiable Liquid | |
| Other Formulations |
| Application type | |
| Grains & Cereals | |
| Pulses & Oilseeds | |
| Commercial Crops | |
| Fruits & Vegetables |
| Country | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Nematicides Market Research FAQs
How big is the South America Nematicides Market?
The South America Nematicides Market size is expected to reach USD 256.5 million in 2024 and grow at a CAGR of 5.20% to reach USD 328.90 million by 2029.
What is the current South America Nematicides Market size?
In 2024, the South America Nematicides Market size is expected to reach USD 256.5 million.
Who are the key players in South America Nematicides Market?
Bayer CropScience AG, Syngenta International AG, Adama LTD, FMC Corporation and Agrivalle are the major companies operating in the South America Nematicides Market.
What years does this South America Nematicides Market cover, and what was the market size in 2023?
In 2023, the South America Nematicides Market size was estimated at USD 243.16 million. The report covers the South America Nematicides Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Nematicides Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Nematicides Industry Report
Statistics for the 2024 South America Nematicides market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. South America Nematicides analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
South America Nematicides Market Report Snapshots
