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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
Report ID: MRAGR - 1041020 Pages: 200 Aug-2024 Formats*: PDF Category: Agriculture Delivery: 24 to 72 Hours Download Free Sample ReportThe Bionematicides Market is projected to reach $2.11 billion by 2030, at a CAGR of 14.6% during the forecast period of 2024 to 2030. The growth of this market is driven by the growing awareness regarding environmental safety and sustainability, 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.
Bionematicides are biopesticides used to avert and treat nematode infections in crops. They consist of the spores of bacteria or fungi and inert material, which can include plant or animal extracts. The mode of action of bionematicides normally involves the infectivity and paralysis of nematodes. Bionematicides generally act at all life stages of the nematode cycle; however, their application at a pre-plantation stage is considered the most effective.
Key Players:
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the bionematicides market research report 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.
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Nowadays, the heavy use of synthetic agrochemicals has raised environmental concerns due to the serious damage caused to freshwater flora and fauna. The extensive use of synthetic pesticides affects the environment as residues of chemical pesticides remain in the soil and cause soil pollution, contaminate surfaces and groundwater, or get released into the atmosphere through vitalization.
The residues of some synthetic nematicides, including methyl bromide and hydrogen cyanide, in the environment cause hazardous effects, such as depleting the ozone layer, thereby contributing to global warming and causing respiratory, neurological, and skin-related problems. Ozone-depleting properties are one of the main reasons for the ban on the use of methyl bromide in most countries, including the U.S. and European countries.
Nowadays, the growing awareness about the adverse effects of chemical and agricultural inputs, including chemical nematicides, on plant physiology, soil quality, animals, and human beings has boosted the adoption of sustainable farming practices and, thereby, increases the demand for biological pest control chemicals, including biological and biochemical nematicides, across the globe. Usually, biological crop protection chemicals or biological control agents are natural products derived from microorganisms, plant extracts, beneficial insects, and organic matter. These are highly effective in managing pests and diseases by acting as a natural pest control solution without negatively impacting the environment. Additionally, their active and inert ingredients are considered safe and mostly used for biological pest control.
The use of bionematicides is always safe for the environment compared to chemical nematicide products. Generally, in direct contrast to chemical nematicides, which offer broad sweeping coverage (non-selective), negatively impacting the beneficial organisms that may come into contact with them, bionematicides are highly selective, mainly formulated to only affect the target pest and closely related organisms. Moreover, bionematicides contain natural organisms and products or biological agents and are, therefore, less harmful to the environment and human health. Bionematicides have gained much significance in pest management and have since been promoted as prospective alternatives to synthetic nematicides.
In 2024, the Microbial Nematicides Segment is Expected to Dominate the Global Bionematicides Market
Based on type, the bionematicides market is segmented into microbial nematicides and biochemical nematicides. In 2024, the microbial nematicides segment is expected to account for the largest share of the bionematicides market. The large market share of this segment is mainly attributed to factors such as the increasing demand for organic and residue-free food, growing awareness about the environmental and health concerns caused by to extreme use of agrochemicals such as chemical nematicides, rising government initiatives to support the organic farming and use of biologicals in crop cultivation, and increasing need for sustainable agricultural practices or pest control solutions.
In 2024, the Liquid Bionematicides Segment is Expected to Dominate the Global Bionematicides Market
Based on form, the bionematicides market is segmented into liquid and dry. In 2024, the liquid segment is expected to account for the larger share of the global bionematicides market. The large market share of this segment is due to its uniform & easy application and better performance. Farmers prefer liquid bionematicides for their convenience and effectiveness in controlling nematode populations in the soil. Additionally, the ability of liquid bionematicides to be easily mixed with water and applied evenly across fields makes them a popular choice among agricultural professionals. Moreover, this segment is further slated to register a higher CAGR during the forecast period of 2024—2030.
In 2024, the Root-knot Nematodes Segment is Expected to Dominate the Global Bionematicides Market
Based on nematode type, the bionematicides market is segmented into root-knot nematodes, cyst nematodes, lesion nematodes, and other nematodes. In 2024, the root-knot nematodes segment is expected to account for the largest share of the global bionematicides market. The large market share of this segment is attributed to factors such as increasing attacks of root-knot nematodes in crops in various countries. Moreover, the segment is slated to register the highest CAGR during the forecast period 2024—2030.
In 2024, the Soil Treatment Segment is Expected to Dominate the Global Bionematicides Market
Based on mode of application, the bionematicides market is segmented into soil treatment, seed treatment, fumigation, and other modes of application. In 2024, the soil treatment segment is expected to account for the largest share of the global bionematicides market. The large market share of this segment is mainly attributed to factors such as various benefits offered by soil treatment of bionematicides, such as it is the most effective way to reach the target nematodes living in the soil or inside the plant roots and prevent the spread of nematodes to non-infested areas. With the increasing demand for organic and sustainable farming practices, the soil treatment segment of the bionematicides market is anticipated to witness significant growth in the coming years.
However, the seed treatment segment is slated to register the highest CAGR during the forecast period 2024—2030 owing to increasing awareness regarding the benefits offered by seed treatment, high efficacy of bionematicides in controlling nematodes in the seed treatment, advancement in the seed treatment technologies, requires low quantity of bionematicides and low wastage with uniform application.
In 2024, the Cereals & Grains Segment is Expected to Dominate the Bionematicides Market
Based on crop type, the bionematicides market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. In 2024, the cereals & grains segment is expected to account for the largest share of the global bionematicides market. The large market share of this segment is mainly attributed to factors such as increasing demand for organic and naturally grown cereals & grains, large areas under organic cereal & grain cultivation worldwide, increasing demand for residue-free and ready-to-eat cereal-based products, and growing 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.
However, the fruits & vegetables segment is slated to register the highest CAGR during the forecast period of 2024—2030. The growth of this segment is driven by the increasing demand for organic fruit and vegetables, the growing demand for residue-free fruits and vegetables, and the rising prevalence of nematode infestations impacting fruit and vegetable crops.
North America Dominates the Bionematicides Market
Based on geography, the bionematicides market is majorly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global bionematicides market. The large share of this market is attributed to the presence of a large number of stakeholders and the phase-out of some existing chemical nematicides from the North America market. Moreover, factors such as a rapidly growing population along with a subsequent rise in food demand, an increasing trend towards organic food, the increasing health consciousness among consumers and a rising preference for residue-free products, increasing 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. Moreover, in 2024, the U.S. is expected to account for the larger share of the bionematicides market in North America.
However, Europe is slated to register the highest CAGR during the forecast period of 2024–2030 owing to an increasing ban on existing chemical nematicides products, rising government support to boost organic farming, rising awareness about health and environmental concerns, increasing demand for organic food and drinks, stringent government regulations regarding the uses of chemical nematicides, and increasing adoption of advanced farming practices and pesticide technologies.
Report Summary:
Particulars |
Details |
No. of Pages |
200 |
Format |
|
Forecast Period |
2024–2030 |
Base Year |
2021 |
CAGR (Value) |
14.6% |
Market Size (Value) |
$2.11 Billion by 2030 |
Segments Covered |
By Type
By Form
By Nematode Type
By Mode of Application
By Crop Type
|
Countries Covered |
North America (U.S., Canada), Europe (France, Germany, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, Vietnam, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Chile, and Rest of Latin America), and the Middle East & Africa |
Key Companies Profiled |
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) |
Key questions answered in the report:
Bionematicides are biological agents that are used to control or kill nematodes, which are microscopic worms that can cause damage to plants and crops. Bionematicides are used to protect crops from nematode-related losses and ensure agricultural productivity. They have been used in agriculture practices in various forms for centuries. It plays a crucial role in modern agriculture by helping farmers manage nematode populations and maintain crop health and yield.
The bionematicides market study provides valuable insights into the market size and forecast in terms of both value and volume by type and country/region. However, the study provides valuable insights into the market size and forecast only in terms of value for segmentation based on form, nematode type, mode of application, and crop type.
In terms of value, the global bionematicides market is projected to reach $2.11 billion by 2030, at a CAGR of 14.6% during the forecast period of 2024–2030.
Based on mode of application, the seed treatment segment is expected to witness the fastest growth in the global bionematicides market during the forecast period of 2024–2030.
o Growing Awareness Regarding Environmental Safety
o Growing Organic Farming and the Rising Demand for Organic Food
o Market Players’ Focus on Product Launches and Acquisitions
o Increasing Government Initiatives Promoting the Use of Bionematicides
o Lack of Awareness and Low Adoption of Bionematicides
o Complex and Time-consuming Regulations for Bionematicides
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).
North America is expected to account for the largest share of the global bionematicides market in 2024, owing to the significant presence of stakeholders and the discontinuation of some existing chemical nematicides from the North American market. Moreover, factors such as a rapidly burgeoning population along with subsequent food demand, growing preference for organic food, heightened consumer health consciousness, a shift towards residue-free products, increased adoption of precision farming techniques, and growing awareness of the benefits of bionematicides for enhancing crop yield in the region are further supporting the growth of the bionematicides market in North America.
Published Date: Jan-2024
Published Date: Feb-2024
Published Date: Aug-2024
Published Date: Aug-2022
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