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.

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