PUBLISHER: Meticulous Research | PRODUCT CODE: 1576674
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576674
According to the 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' published by Meticulous Research(R), the bionematicides market is projected to reach $2.11 billion by 2030, at a CAGR of 14.6% during the forecast period 2024-2030. The report provides an in-depth analysis of the bionematicides market across five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, emphasizing current market trends, market sizes, recent developments, and forecasts to 2030.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of key industry drivers, restraints, opportunities, challenges, and trends.
The growth of the bionematicides 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, lack of awareness and low adoption of bionematicides and the complex regulations for bionematicides restrain market growth.
Moreover, the growing adoption of biological seed treatments is expected to create market growth opportunities. However, the limited availability of bionematicides is a significant challenge for market growth.
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).
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 larger share of the bionematicides market. The large market share of this segment is mainly attributed to the increasing demand for organic and residue-free foods, growing environmental and health concerns caused by to extreme use of chemical nematicides, rising government initiatives to support the use of biologicals in crop cultivation, and the increasing need for sustainable agricultural practices.
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 bionematicides market. The large market share of this segment is attributed to the uniform & easy application and better performance of liquid bionematicides. Moreover, this segment is slated to register the higher CAGR during the forecast period 2024-2030.
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 bionematicides market. The large market share of this segment is attributed to factors such as the increasing attacks of root-knot nematodes on crops in various countries. Moreover, the segment is slated to register the highest CAGR during the forecast period 2024-2030.
Based on mode of application, the bionematicides market is segmented into soil treatment, seed treatment, fumigation, and other modes of application. 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, the high efficacy of bionematicides in controlling nematodes through seed treatment, advancements in seed treatment technologies, and the low requirements, low wastage, and uniform application of bionematicides with seed treatment.
Based on crop type, the bionematicides market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. 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 fruits and vegetables, the growing demand for residue-free fruits and vegetables, and the rising prevalence of nematode infestations impacting fruit and vegetable crops.
An in-depth geographic analysis of the market provides detailed qualitative and quantitative insights into five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Europe is slated to register the highest CAGR during the forecast period, mainly due to the increasing ban on existing chemical nematicide products, government support for organic farming, rising health and environmental concerns, the increasing demand for organic food and drinks, stringent government regulations for the use of chemical nematicides, and the increasing adoption of advanced farming practices and pesticide technologies.
Bionematicides Market Assessment-by Type
Bionematicides Market Assessment-by Form
Bionematicides Market Assessment-by Nematode Type
Bionematicides Market Assessment-by Mode of Application
Bionematicides Market Assessment-by Crop Type
Bionematicides Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)