Bionematicides Market

Bionematicides Market Size

[170+ Pages Research Report] to surpass USD 1054.7 million by 2032 from USD 279.5 million in 2021 at a CAGR of 12.9% throughout the forecast period 2021-32

Bionematicides are key biopesticides that treat yields from nematode contagion. Bionematicides are the biopesticides produced by a variety of microorganisms, including bacteria, fungi, and other inert substances. These bionematicides are environmentally friendly and don't degrade the quality of various crops or the soil's fertility. To assure the best crop quality, they are commonly used in agriculture. In walnut orchards where plant-parasitic nematodes are present, they can increase production, vitality, and growth. Bionematicides can be applied to plants at any point of their life cycles and are available in dry and liquid forms. Bionematicides offer organic nutrients and do not pollute the soil, in contrast to chemical fertilizers. A bacterium found in bionematicides produces more organic nutrients and raises soil fertility.

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Market Highlights

The Bionematicides Market is expected to project a notable CAGR of 12.9% in 2032.

Bionematicides Market to surpass USD 1054.7 million by 2032 from USD 279.5 million in 2021 at a CAGR of 12.9% in the coming years, i.e., 2022-32. Bionematicides Market growth is primarily driven by the use of biologicals, sustainable environmental activities, the expansion of biological control seed treatment products, and the use of integrated pest management methods. Moreover, the manufacturing cost of bionematicide is low and the raw ingredients needed for its synthesis are easily accessible, which is helping it to gain popularity.

Figure - Market Analysis of Bionematicides Market

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Bionematicides Market: Segments

The Fruit & Vegetables segment is expected to grow with a higher CAGR during 2022-32

Bionematicides Market is categorized on the basis of Crop Type into Cotton, Corn, Fruit & Vegetables, Soybean, and Others. The Fruits & Vegetables segment held a major share of the Bionematicides Market. The market forecast for bionematicides is good due to the rising demand for organic fruits and vegetables around the world, which has also increased the demand for biopesticides.

The Soil Treatment segment is expected to grow with a higher CAGR during 2022-32

Bionematicides Market is categorized on the basis of Application into Foliar Spray, Soil Treatment, Seed Treatment, and Others. The Soil Treatment segment is holding the maximum share of the Bionematicides Market. The soil treatment mode of application increases agricultural yields by encouraging seed germination, facilitating quicker plant growth, and allowing for more effective utilization of moisture and nutrients. This is the main driver of the growth of the soil treatment application.

Figure Market Analysis of Global Bionematicides

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Market Dynamics

Growth Drivers

Rising Level of Crop Infestation and Speedy Growth in Biocontrol Seed Treatment Solutions

The high rate of nematode crop infestation, the decreasing availability of fertile agricultural land, the rapid growth of biocontrol seed treatment options, sustainability initiatives, and the rising use of agricultural biological products and integrated pest management methods are the main factors driving the global Bionematicides Market. Agriculture is highly affected by increased industrialization, which is reducing quality of crop and soil fertility. As a result, bionematicides are increasingly being used to preserve crops, indicating potential growth for the Bionematicides Market. Also, increasing the use of microorganisms in crops enhances crop quality and offers organic nutrients, which support the growth of the Bionematicides Market.

Growing Use of Microorganisms and Increased Awareness of Consumers in Most Regions

The rise of the Bionematicides Market is supported by the use of microorganisms in crops, which improves crop quality and provides organic nutrients. The use of biotic agents in crops may meet the demand for organic and fresh veggies. Customers have become considerably more informed, choosing products free of chemicals and increasing their demand for natural and organic goods. Moreover, as the world's population grows, there will be a greater need for food, which will require more effective land use, high-yielding biofertilizers, and crop and seed management to meet.

Restraint

Lack of Awareness for Bionematicides and Stiff Competition from Several Chemical Fertilizers

One of the reasons restricting the global Bionematicides Market is the lack of awareness and issues with low efficacy. Another major obstacle facing the market for bionematicides is the strong competition it faces from the many chemical fertilizers, some of which even provide environmentally beneficial solutions for crops and the soil.

Recent Developments

• Syngenta introduced the TYMIRIUMTM brand technology platform in May 2020. A unique bionematicide and fungicide technology is currently being developed for seed and soil-applied treatments.
• In February 2021, FMC Corporation and Novozymes, a renowned provider of biological solutions, entered into a strategic partnership for the purpose of studying, co-developing, and commercializing a number of biological enzyme-based crop protection solutions for growers all over the world.
• BioConsortia, Inc. declared in March 2022 that two novel bionematicides for corn and other food crops are now available. The new items are made to reduce nematode infestations and increase crop production.

Bionematicides Market: Key Players

• Bayer AG

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• BASF SE
• Syngenta AG
• Corteva Agriscience
• FMC Corporation
• Chr. Hansen
• Marrone Bio Innovations Inc.
• Certis USA LLC
• BioConsortia Inc.
• Agri Life
• Other Prominent Players

Bionematicides Market: Regions

Bionematicides Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America currently dominates the Bionematicides Market and is expected to continue dominance over the forecast period due to the technological advancement in the agricultural industry. The removal of chemical fertilizer will also help the market for bionematicides grow in the region over the projected period.

The Bionematicides Market in the Asia-Pacific region is predicted to experience significant growth due to the increasing popularity of organic farming and biopesticides in developing nations. Furthermore, it is projected that the presence of significant important players would further fuel the regional market for bionematicides in the upcoming years.

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Impact of Covid-19 on Bionematicides Market

The Bionematicides Market was significantly impacted by the worldwide pandemic COVID-19. Lockdown restrictions have caused supply chain interruptions worldwide, which have troubled the stakeholders engaged in getting goods to their final destinations. Production efficiency has decreased as a result of variables including manpower scarcity and a restricted supply of raw materials.

Bionematicides Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Bionematicides Market report also contains analysis on:

Bionematicides Market Segments:

• By Type 
  • Microbials
  • Biochemical
• By Crop Type 
  • Cotton
  • Corn
  • Fruit & Vegetables
  • Soybean
  • Others 
• By Application 
  • Foliar Spray
  • Soil Treatment
  • Seed Treatment
  • Others 
• Bionematicides Market Dynamics
• Bionematicides Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Bionematicides Market Report Scope and Segmentation

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