Bionematicides - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Bionematicides Market is accounted for $287.22 million in 2020 and is expected to reach $1,186.46 million by 2028 growing at a CAGR of 19.4% during the forecast period. Rapid growth in biocontrol seed treatment solutions, and integrated pest management techniques, are driving the market growth. However, slow speed of action on target pests and low shelf life, barriers in adoption of bionematicides are hampering the growth of the market.
Bionematicides are the biopesticides that deal with treating the crops from nematode infection. These bionematicides are eco-friendly in nature and doesn’t harm the fertility of the soil and quality of the different crop and works best when it used during the pre-plantation stage. Bionematicides contains the microorganism which produces more organic nutrient and increases the soil fertility. Bionematicides are considered to be the better alternative to protect the crops than other chemical fertilizer as bionematicides offers organic nutrient and doesn’t pollute the soil. As organic and high-quality crop production is increasing, the utilization of bionematicides also increases.
Based on the mode of application, the seed treatment segment is going to have lucrative growth during the forecast period as the soil treatment mode of application promotes seed germination, provides more efficient use of moisture and nutrients thus improving crop yields and fastens plant growth which is a major factor driving the growth of soil treatment application.
By geography, Europe is going to have high growth during the forecast period due to growing awareness regarding organic and environmentally friendly food consumption. As the region has large agricultural lands which produce fruits & vegetables on a large scale the bionematicides market growth will be more. As the demand for organic products is increasing in the region it gives a market scope for the growth of the market.
Some of the key players profiled in the Bionematicides Market include Dow AgroSciences LLC, Marrone Bio Innovations, Bayer CropScience AG, BASF SE, Valent BioSciences Corporation, Horizon Agrotech, Monsanto Company, FMC Corporation, Ecoman Biotech Co. Ltd, Syngenta, T. Stanes & Company and The Real IPM Company.
• Root Knot
• Cyst Nematodes
• Lesion Nematodes
Crop Types Covered:
• Cereals & Grains
• Turfs & Ornamentals
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types
Mode of Applications Covered:
• Seed Treatment
• Soil Treatment
• Foliar Sprays
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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