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Bionematicides Market to Reach $2.11 Billion by 2030

Author : swati mote | Published On : 12 Feb 2024

Meticulous Research®—a leading global market research company, published a research report titled, ‘Bionematicides Market by Type (Microbial {Bacillus, Paecilomyces Lilacinus}, Biochemical), Form (Liquid, Dry), Nematode Type (Root-knot, Cyst, Lesion Nematodes), Mode of Application (Seed Treatment, Fumigation), Crop Type - Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the bionematicides market is projected to reach $2.11 billion by 2030, at a CAGR of 14.6% from 2023 to 2030. The growth of this market is driven by the growing awareness regarding environmental safety, growing organic farming and the rising demand for organic food, market players’ focus on product launches and acquisitions, and increasing government initiatives promoting the use of bionematicides. However, the lack of awareness and low adoption of bionematicides and the complex regulations for bionematicides hamper the growth of this market to some extent.

The growing adoption of biological seed treatments is expected to create market growth opportunities. However, the limited availability of bionematicides is a major challenge for the stakeholders in this market.

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Key Players:

The bionematicides market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the bionematicides market are American Vanguard Corporation (U.S.), BASF SE (Germany), Bayer AG (Germany), Biobest Group NV (Belgium), Corteva, Inc. (U.S.), FMC Corporation (U.S.), Gowan Company, LLC. (U.S.), Nufarm Limited (Australia), Pro Farm Group Inc. (U.S.), Syngenta AG (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), and UPL Limited (India).

The bionematicides market is segmented by type (microbial nematicides {bacillus-based bionematicides, paecilomyces lilacinus-based bionematicides, and other microbial nematicides}, and other biochemical nematicides), by form (liquid, dry), by nematode type (root-knot nematode, cyst nematode, lesion nematodes, and other nematodes), by mode of application ( soil treatment, seed treatment, fumigation, and other modes of application), by crop type (cereals & grains {maize/corn, wheat, other cereals & grains}, fruits & vegetables, oilseeds & pulses, and other crops, and geography (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.

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Based on type, the bionematicides market is mainly segmented into microbial nematicides and biochemical nematicides. The microbial nematicides segment is expected to account for the largest market share in 2023 owing to the growing demand for organic and residue-free food, rising awareness about the environmental and health concerns caused by to extreme use of chemical nematicides, increasing government initiatives to support the use of biologicals in crop cultivation, and growing need for sustainable agricultural practices.

Based on form, the bionematicides market is segmented into liquid and dry. The liquid segment is expected to account for the largest share of the bionematicides market in 2023 owing to uniform & easy application of liquid form and better performance. Also, their increased importance in modern irrigation technology, such as drip irrigation and sprinkler irrigation.

Based on nematode type, the bionematicides market is mainly segmented into root-knot nematodes, cyst nematodes, lesion nematodes, and other nematodes. The root-knot nematodes segment is expected to account for the largest share of the bionematicides market in 2023, owing to factors such as a rising infestation of root-knot nematodes in different crops in various regions.

Based on mode of application, the bionematicides market is mainly segmented into soil treatment, seed treatment, fumigation, and other modes of application. The soil treatment segment is expected to account for the largest share of the bionematicides market in 2023 owing to factors such as various benefits associated with soil treatment of bionematicides, as it is the most effective way to reach the target nematodes that live in the soil or inside the plant roots and prevent the spread of nematodes to non-infested areas.

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Based on crop type, the bionematicides market is mainly segmented into cereals & grains (maize/corn, wheat, and other cereals & grains), fruits & vegetables, oilseeds & pulses, and other crops. The cereals & grains segment is expected to account for the largest share of the bionematicides market in 2023 owing to the growing demand for organic and naturally grown cereals & grains, large areas under organic cereal & grain cultivation worldwide, growing demand for residue-free and ready-to-eat cereal-based products, and rising demand for cereals and grains from several industrial applications. Moreover, the bionematicides market for cereals & grains is further segmented into maize/corn, wheat, and other cereals & grains.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Asia-Pacific (China, India, Japan, Australia, Thailand, Vietnam, Indonesia, Malaysia, and RoAPAC), Latin America (Brazil, Mexico, Argentina, Chile, and RoLATAM) Europe (France, Germany, Italy, Spain, U.K., and RoE), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the bionematicides market. The large share of this market is mainly attributed to the quickly growing population along with a subsequent rise in food demand, a growing trend towards organic food, the growing health consciousness among consumers and an increasing preference for residue-free products, growing adoption of precision farming techniques, and increasing awareness regarding the application of bionematicides for increasing crop yield in the region are further supporting the growth of the bionematicides market in the region.

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Key Questions Answered in the Report-

  • What is the value of revenue generated by the sale of bionematicides?
  • At what rate is the global demand for bionematicides projected to grow for the next 5-7 years?
  • What is the historical market size and growth rate for the bionematicides market?
  • What are the major factors impacting the growth of this market at global and regional levels?
  • What are the major opportunities for existing players and new entrants in the market?
  • Which type, form, nematode type, mode of application, and crop type segments create major traction for the manufacturers in this market?
  • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the bionematicides market?
  • Who are the major players in the bionematicides market? What are their specific product offerings in this market?
  • What recent developments have taken place in the bionematicides market? What impact have these strategic developments created on the market?

 

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