Bionematicides are the bio-based substances which are used in the treatment of nematode infestation in the crops. Bionematicides are comprised of microorganisms such as bacteria and fungi. Bionematicides are different from nematicides and these are eco-friendly products and do not cause any harm to the nature of the crop and fertility of soil. Bionematicides are also used in the farming to improve the quality and yield of the products. Moreover, the bionematicides are extracted from animal and plant extracts are of cost-effective. The application of bionematicides starts from pre-plantation stage to improve the growth of plant.
Market Dynamics: Bionematicides Market
Increase in the nematode infestation on agriculture crops, rise in the awareness about the use of biological products such as biopesticides, rapid industrialization, which is leading to decrease in arable land, and increase in the global population demand for quality food products are expected to propel the revenue of bionematicides market over the forecast period. Furthermore, increase in the adoption of agriculture biologicals for increasing the crop yield, adoption of newer farming practices, and stringent regulations on organic nematicides are the factors anticipated to fuel the bionematicides market over the forecast period. However, risk of toxic metabolites secreted by the microorganisms, product availability issues, slow mode of action of bionematicides, and lesser shelf life of the products are expected to hamper the growth of global bionematicides market over the forecast timeframe.
Market Scope: Bionematicides Market
Bionematicides market is segmented on the basis of product type, product form, crop type, infestation type, and mode of application
Based on the product type, it is segmented into the following:
- Biochemical products
- Microbial products
Based on the product form, it is segmented into the following:
Based on the crop type, it is segmented into the following:
- Vegetables and fruits
- Cereals and grains
- Oilseeds and pulses
Based on the infestation type, it is segmented into the following:
- Lesion nematodes
- Cyst nematodes
- Root knot
Based on the mode of application, it is segmented into the following:
- Foliar sprays
- Soil treatment
- Seed treatment
Market Summary: Bionematicides Market
Bionematicides market is growing at a significant CAGR owing to increase in the nematode infestation on agriculture crops and stringent regulations on the use of chemical nematicides. bionematicides are most commonly preferred over chemical nematicides due to low cost and eco-friendly nature. Moreover, acquisitions and mergers, collaborations, and product launchings are the strategies followed by the companies for acquiring the bionematicides market share. For instance, in October 2015, Marrone Bio Innovations, Inc. received the U.S. Environmental Protection Agency approval for Majestine, a broad-spectrum bionematicide used to control nematodes in crops. Moreover, in June 2016, Stoller acquired Rizoflora Biotechnology and launched Rizotec, a bionematicide in Brazil.
Regional Analysis: Bionematicides Market
Geographically, bionematicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Increase in the use of bionematicides over chemical nematicides, rise in popularity of agriculture biotechnology including the use of biopesticides, and increase in the farming of fruits and vegetables, corn farming in U.S. region are the factors driving the growth of North America bionematicides market. Moreover, Europe bionematicides market growth attributed to rise in organic and eco-friendly farming practices, increase in the agriculture production in European countries such as France, Spain, and Germany, rise in awareness about the advantages of biopesticides over conventional products, and low cost of the products in the region. Asia Pacific bionematicides market is an emerging market owing to increase in population demanding for quality food products, rapid industrialization, increase in farming in Asia-Pacific region, and growing environmental concerns in the region.
Market Participants: Bionematicides Market
Some of the players in market are Bayer CropScience AG (Germany), Syngenta AG (Switzerland), Valent BioSciences Corporation (U.S.), Marrone Bio Innovations, Inc. (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), FMC Corporation (U.S.), Monsanto Company (U.S.), and StollerUSA (U.S.) to name a few.
Notable Market Developments: Bionematicides Market
- In September 2017, Syngenta registered the Clariva PN in Brazil, which is a bionematicide used to control cyst nematode in soybean crops
- In March 2017, FMC Corporation launched Quertzo, a bionematicide product in Brazil to control nematodes in several crops
Key Features of the Report
- The report provides granular level information about The market size, regional market share and forecast from 2017-2024
- The report covers in-detail insights about The competitor’s overview, key findings and Their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by The industry
- The report tracks recent innovations, key developments and startup’s details that are working in The industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario