Global Market Insights, Inc. has launched a report on Bionematicides Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Bionematicides Market size is projected to touch USD 209.1 million by 2024; according to a new research report by Global Market Insights, Inc. Diminished fertile farming land availability due to rapid industrialization has driven bionematicides market size significantly. Furthermore, crops are highly infested by nematodes owing to propel industry growth by 2024. Strict environmental legislations favoring bio based and organic fertilizers over chemical will further complement growth. These bio fertilizers owing to its ability to improve yield laterally with being ecofriendly are appropriate for application.

By 2050, global population might reach 9 billion, which will increase food demand. Consequently, this will increase yielding fertilizers, seed & crop management demand to increase crop yield. In addition, rising consumer awareness and demand for food produced from organic or bio based fertilizers will boost bionematicides market share over the forecast timeframe. Also, agricultural trade is forecast to inflate in coming years, resulting in business growth.

Slow product action on large pests along with little shell life may hinder bionematicide adoption. In addition, inadequate product variety for several crop may negatively impact bionematicides market size by 2024. Nevertheless, enduring R&D towards biotic nematodes control is likely to boost the market for bioneaticides. Arkansas Fungus, Pochonia chlamydospora and Paecilomyces lilacinus are recognized as parasites of the nematodes egg stage. As a result, two biocontrol products are presented for nematode control on cotton, namely Linnaeus and Gossypium hirsutum.

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In 2015, bionematicides market for cotton crop generated revenue more than USD 800 thousand. Nematodes leads to over USD 80 billion crop yield losses across the globe, including cotton. Booming bio based fertilizer applications and farmer’s preference for sustainable farming to prevent lance nematodes, sting and root knot in crops will propel industry growth.

 In 2015, fruits & vegetable crop was valued at over USD 41 million. Escalating demand organic and bio based fruits & vegetables demand globally is offering a positive bionematicides market outlook. Bionematicides market for soybean should exceed USD 14.5 million over the forecast timeframe. In 2015, U.S. bionematicides market was dominant regional industry and accounted more than 30% of global volume. The regional growth was mainly propelled increasing bio pesticides preference over chemicals. For instance, the Department of Environmental Toxicology (U.S.) puts emphasis on bio pesticides for crop protection.

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Asia Pacific, led by China, India and Japan bionematicides market was valued more than USD 23 million in 2015. Rapid industrialization, demographic shifts, overpopulation, affordability, sustainability, environmental concerns and climate change are vital factors propelling bionematicides market. Furthermore, farming is one amongst the predominant economic contributor of Asian countries and is also reinforced by the government organization in the form loan and subsidies for promoting sustainable farming.

Global Bionematicides Market Share is fairly consolidated with five major players accounting more than 50% of global volume in 2015. Major industry participants are BASF SE, Dow AgroSciences, Monsanto Company, Bayer CropScience, Syngenta AG, LAM International and Marrone Bio Innovations.

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Global Market Insights, Inc. has added a new report on Bionematicides Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Bionematicides Market size was valued at over USD 143 million in 2015 and is forecast to experience gains exceeding 4% CAGR up to 2024. Rapid industrialization, resulting in reduced fertile agricultural land, was a key factor propelling Bionematicides Market Growth in the past decade. In addition, high infestation by nematodes in crops and their increasing resistance to traditional methods will further drive industry growth. Stringent environmental regulations against chemical nematicides and yield losses likely to boost bionematicides demand and help counter the supply-demand gap in coming years. For instance, Uttar Pradesh, India faced tomato yield loss of approximately 30% and over 25% yield loss for potatoes.

Global population is projected to surpass 9 billion by 2050. Growing population will consequently drive food demand. This will boost effective land use with high yielding bio fertilizers, crop and seed management to meet increasing demand. Bionematicides owing to its capability to enhance crop yield along with being environmental friendly finds widespread application in farming. Furthermore, trade in agricultural commodities is will expand noticeably. For instance, net cereal imports into the developing countries including Sub Saharan Africa and Latin America, would rise by over three times to reach nearly 300 million tons by 2050.

Limited variety of bionematicides for various crop may hamper industry growth over the forecast timeframe. However, ongoing R&D on biological nematodes control has introduced antagonistic activity of nematophagous fungi and strains of bacteria against different life-cycle stages of nematode. Paecilomyces lilacinus, Pochonia chlamydospora, and Arkansas Fungus have been recognized as parasites of the egg stage of nematodes. As a result, there are two biocontrol agents available for nematode control on cotton, which are Gossypium hirsutum and Linnaeus. In addition, increasing bio and organic fertilizers acceptance globally will propel bionematicides market share by 2014. Furthermore, increasing customer food demand from bio based and organic fertilizers will complement industry growth.

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Bionematicides are bio pesticides which are used to control and treat nematode infestation in crops. They consist of the microorganisms including bacteria or fungus. Inert material comprises. Also, bio fertilizers are low cost and are derived from renewable sources such as animal or plant extracts. Bionematicides market is primarily driven rapid industrialization resulting in declining fertile land availability for agriculture.

The agricultural sector is highly influenced by leading industry participants focusing on biological or organic methods (bio fertilizers) to enhance crop yield over chemical fertilizers. Furthermore, excessive chemical fertilizers use contaminates soil leading to soil pollution. Increasing microorganism’s use to produce organic nutrient to enrich soil fertility will drive bionematicides market size over the forecast timeframe.

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Global Bionematicides Market is moderately consolidated and the five major players accounted for more than half the global volume in 2015. The remaining half of the market share is highly fragmented between other industry participants. Key industry players are Bayer CropScience AG, Monsanto Company, Syngenta AG, BASF SE and Dow AgroSciences LLC. Other notable industry participants profiled in the study include FMC Corporation, Valent BioSciences Corporation, Marrone Bio Innovations, Inc., Certis USA LLC, Syngenta AG, LAM International, and Ecoman Biotech Co., Ltd.

Bionematicide industry participants are also actively involved in developing sustainable technology for agriculture. For instance, BASF SE is engaged in activities such as crop protection and soil management to enhance yields for crops including cereals, corn, oilseeds and rice. Dow AgroSciences is focusing on contributing sustainable food supply chain to bring nutritious and healthy food to people across the globe. In addition, Bayer CropScience is entering into strategic acquisitions to strengthen their bio pesticide product portfolio. By the end of 2015, they had acquired AgraQuest, Prophyta, and Biagro Group.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.

These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Bionematicides Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Bionematicides Market

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.

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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:

• Liquid
• Dry

Based on the crop type, it is segmented into the following:

• Vegetables and fruits
• Cereals and grains
• Oilseeds and pulses
• Others

Based on the infestation type, it is segmented into the following:

• Lesion nematodes
• Cyst nematodes
• Root knot
• Others

Based on the mode of application, it is segmented into the following:

• Foliar sprays
• Soil treatment
• Seed treatment
• Others

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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.

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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 2017-2023
• 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

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