Nematicides and agricultural microbials markets forecast for strong growth through 2031

MarketsandMarkets projects the global nematicides market will grow from USD 3.36 billion in 2026 to USD 5.60 billion by 2031 at a 10.7% CAGR, while the agricultural microbials market is forecast to increase from USD 11.43 billion to USD 21.47 billion over the same period at a 13.4% CAGR. Nematicide growth is linked to crop losses caused by plant-parasitic nematodes, demand for high-value fruits and vegetables, limited arable land, seed-applied treatments, precision agriculture and tighter regulation of chemical fumigants. Agricultural microbials growth is being supported by sustainable and regenerative farming, demand for biofertilizers, biopesticides and biostimulants, soil degradation, biodiversity loss and efforts to reduce synthetic fertilizers and pesticides. Europe is projected to be the fastest-growing and largest regional market for nematicides, while it is expected to be the second-largest agricultural microbials market. Biological nematicides are forecast to be the fastest-growing nematicide type at a 15.7% CAGR, while bacteria are expected to remain the largest agricultural microbials type segment.

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