The Global Bionematicides Market was worth USD 151.2 million in 2016 and estimated to be growing at a CAGR of 17.4%, to reach USD 337.2 million by 2021
According to the report Global Bionematicides market, published by Market Data Forecast, the Market was worth USD 151.2 million in 2016 and estimated to be growing at a CAGR of 17.4%, to reach USD 337.2 million by 2021. Bionematicide is a type of bio-pesticide used to avoid and treat nematode decay in crops.
Bionematicides consist of the spores of fugus or bacteria and idle material. Inactive material can incorporate plant or animal extracts.
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The effectiveness of crop infestation by nematodes is expected to drive development of the bionematicides market. Globally, the key challenge is to feed the rising human populace and ensure food security.
The global populace is expected to increase by 35% in 2050 and considering the current and assessed future circumstance of the rising populace and food demand, huge improvements are necessary for effective utilization of resources. Ideal pest and disease management would be required fundamentally to expand the resource efficiency.
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Global bionematicides market is segmented on the basis of Type, Crop type, Mode of application, Form and Infestation. Based on the crop type, market is segmented into fruits and vegetables that incorporate leafy vegetables, tomato pepper and different fruits and vegetables (including banana, potato, citrus, and so forth.); corn, soybean, cotton and others (including oil crops, pulses, cereals, and so forth).
Cotton and vegetables and fruits are ruling application segments which expand development of worldwide bionematicides market.
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Based on Mode of Application, market is further segmented into Seed treatment, Soil treatment, Foliar spray and Others. Based on Infestation, market is segmented into (Root-Knot Nematodes, Cyst Nematodes, Lesion Nematodes and Others.
Based on Type, market is segmented into Microbials & Biochemicals. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle east and Africa.
Adopting new agricultural techniques in US and Canada is supporting the market growth in North America. Due to the increasing population in India and China, the Asia-Pacific region experiencing fastest growth with substantial growth rate.
There is high demand for vegetables and fruits will drive market growth for Asia-Pacific region. Middle east and Latin America are emerging markets which are expected to show steady growth for the forecast period.
Major key players in the global bionematicides market include FMC Corporation, Dow AgroSciences LLC, Valent BioSciences Corporation, Marrone Bio Innovations, Inc., BASF SE, Bayer CropScience AG, Monsanto Company, Certis USA LLC and Syngenta AG.
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