Market Overview:

Bionematicides Market was worth USD 151.2 million in 2019 and estimated to be growing at a CAGR of 17.4%, to reach USD 337.2 million by 2024.

 Bionematicide is a type of bio-pesticide used to avoid and treat nematode decay in crops. Bionematicides consist of the spores of fungus or bacteria and inert material. Inactive material can incorporate plant or animal extracts. The usual methodology of bionematicides includes the infection and paralysis of nematodes. Bionematicides act at all phases of the nematode lifecycle; however, their application at a pre-plantation stage is more effective.

Market Drivers and Restraints:

The effectiveness of crop infestation by nematodes is expected to drive the 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, and vast improvements are necessary for effective utilization of resources. Ideal pest and disease management would be required fundamentally to expand resource efficiency.

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Report segmented as

By Product Type:

Microbial
Biochemicals
By Crop Type:

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
By Application:

Seed treatment
Soil treatment
Foliar spray
By Infestation Indications:

Root-Knot Nematodes
Cyst Nematodes
Lesion Nematodes
Geographical Analysis:

Based on geography, the global market is analyzed under various regions, namely North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Adopting new agricultural techniques in the 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 the fastest growth with a substantial growth rate. There is a high demand for vegetables and fruits will drive market growth for the Asia-Pacific region. The Middle East and Latin America are emerging markets which are expected to show steady growth for the forecast period.

Important Market Players:

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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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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