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South America Nematicides Market Size (2024 - 2029)

The South America nematicides market is experiencing growth driven by increased demand due to nematode infestations affecting major crops like soybean, coffee, and maize. This demand is exacerbated by challenges such as poor soil management and double cropping patterns. Additionally, there is a notable interest in bio-based nematicides, particularly in countries like Chile, where they are commonly used on crops such as tomatoes.

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Market Size of South America Nematicides Industry

South America Nematicides Market Summary
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

South America Nematicides Market 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 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
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South America Nematicides Market Size Summary

The South America nematicides market is experiencing growth driven by the increasing prevalence of nematode infestations in key crops such as soybean, coffee, and maize. This rise in demand is largely due to poor soil management practices and the double cropping pattern, which have made these crops more susceptible to nematode attacks. The market is witnessing a notable shift towards bio-based nematicides, particularly in countries like Chile, where products are being used extensively on crops such as tomatoes. Major industry players, including Syngenta International AG, are actively catering to the needs of farmers in the region by offering targeted nematicide solutions. The vegetable segment holds a significant share of the market, with nematodes impacting crops like tomatoes and tobacco in Argentina, leading to reduced yields and driving the demand for effective nematicide products.

In Brazil, the nematicide market is bolstered by the presence of nematodes in regions like the Brazilian Cerrado and Savanna, where key crops such as soybeans, sugarcane, and coffee are cultivated. Inadequate crop rotation practices have created a conducive environment for nematode proliferation, prompting the need for effective control measures. Major nematode species in these soils include Heterodera, Pratylenchus, and Meloidogyne. Leading companies such as Syngenta, FMC, Bayer CropScience AG, and Adama Ltd are dominating the market, with product innovation being a key strategy to enhance their market position. For instance, FMC's launch of Rugby 200 CS nematicide specifically targets nematode attacks on soybean crops in Brazil, reflecting the ongoing efforts to address the challenges posed by nematodes and boost market growth.

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South America Nematicides Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Agricultural Production and Increasing Infestation from nematodes

      2. 1.2.2 Increasing Government Initiatives

      3. 1.2.3 Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Regulatory Challenges and Environmental Concerns

      2. 1.3.2 High Costs of the Nematicides

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemical Type

      1. 2.1.1 Halogen Compounds and Other Fumigants

      2. 2.1.2 Organophosphate

      3. 2.1.3 Carbamate

      4. 2.1.4 Bio-Based Nematicide

    2. 2.2 Formulation

      1. 2.2.1 Gaseous Formulations

      2. 2.2.2 Liquid

      3. 2.2.3 Granules or Emulsifiable Liquid

      4. 2.2.4 Other Formulations

    3. 2.3 Application type

      1. 2.3.1 Grains & Cereals

      2. 2.3.2 Pulses & Oilseeds

      3. 2.3.3 Commercial Crops

      4. 2.3.4 Fruits & Vegetables

    4. 2.4 Country

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Rest of South America

South America Nematicides Market Size FAQs

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.

In 2024, the South America Nematicides Market size is expected to reach USD 256.5 million.

South America Nematicides Market Report Snapshots

South America Nematicides Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)