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Bionematicides Market: By Type (Microbials, Biochemical), By Crop Type (Cotton, Corn, Fruit & Vegetables, Soybean, Others), By Application (Foliar Spray, Soil Treatment, Seed Treatment, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Bionematicides are key biopesticides that treat yields from nematode contagion. Bionematicides are the biopesticides produced by a variety of microorganisms, including bacteria, fungi, and other inert substances. These bionematicides are environmentally friendly and don't degrade the quality of various crops or the soil's fertility. To assure the best crop quality, they are commonly used in agriculture. In walnut orchards where plant-parasitic nematodes are present, they can increase production, vitality, and growth. Bionematicides can be applied to plants at any point of their life cycles and are available in dry and liquid forms. Bionematicides offer organic nutrients and do not pollute the soil, in contrast to chemical fertilizers. A bacterium found in bionematicides produces more organic nutrients and raises soil fertility.
Bionematicides Market to surpass USD 1054.7 million by 2032 from USD 279.5 million in 2021 at a CAGR of 12.9% in the coming years, i.e., 2022-32. Bionematicides Market growth is primarily driven by the use of biologicals, sustainable environmental activities, the expansion of biological control seed treatment products, and the use of integrated pest management methods. Moreover, the manufacturing cost of bionematicide is low and the raw ingredients needed for its synthesis are easily accessible, which is helping it to gain popularity.
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Bionematicides Market is categorized on the basis of Crop Type into Cotton, Corn, Fruit & Vegetables, Soybean, and Others. The Fruits & Vegetables segment held a major share of the Bionematicides Market. The market forecast for bionematicides is good due to the rising demand for organic fruits and vegetables around the world, which has also increased the demand for biopesticides.
Bionematicides Market is categorized on the basis of Application into Foliar Spray, Soil Treatment, Seed Treatment, and Others. The Soil Treatment segment is holding the maximum share of the Bionematicides Market. The soil treatment mode of application increases agricultural yields by encouraging seed germination, facilitating quicker plant growth, and allowing for more effective utilization of moisture and nutrients. This is the main driver of the growth of the soil treatment application.
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The high rate of nematode crop infestation, the decreasing availability of fertile agricultural land, the rapid growth of biocontrol seed treatment options, sustainability initiatives, and the rising use of agricultural biological products and integrated pest management methods are the main factors driving the global Bionematicides Market. Agriculture is highly affected by increased industrialization, which is reducing quality of crop and soil fertility. As a result, bionematicides are increasingly being used to preserve crops, indicating potential growth for the Bionematicides Market. Also, increasing the use of microorganisms in crops enhances crop quality and offers organic nutrients, which support the growth of the Bionematicides Market.
The rise of the Bionematicides Market is supported by the use of microorganisms in crops, which improves crop quality and provides organic nutrients. The use of biotic agents in crops may meet the demand for organic and fresh veggies. Customers have become considerably more informed, choosing products free of chemicals and increasing their demand for natural and organic goods. Moreover, as the world's population grows, there will be a greater need for food, which will require more effective land use, high-yielding biofertilizers, and crop and seed management to meet.
One of the reasons restricting the global Bionematicides Market is the lack of awareness and issues with low efficacy. Another major obstacle facing the market for bionematicides is the strong competition it faces from the many chemical fertilizers, some of which even provide environmentally beneficial solutions for crops and the soil.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Bionematicides Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America currently dominates the Bionematicides Market and is expected to continue dominance over the forecast period due to the technological advancement in the agricultural industry. The removal of chemical fertilizer will also help the market for bionematicides grow in the region over the projected period.
The Bionematicides Market in the Asia-Pacific region is predicted to experience significant growth due to the increasing popularity of organic farming and biopesticides in developing nations. Furthermore, it is projected that the presence of significant important players would further fuel the regional market for bionematicides in the upcoming years.
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The Bionematicides Market was significantly impacted by the worldwide pandemic COVID-19. Lockdown restrictions have caused supply chain interruptions worldwide, which have troubled the stakeholders engaged in getting goods to their final destinations. Production efficiency has decreased as a result of variables including manpower scarcity and a restricted supply of raw materials.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 279.5 million |
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Revenue Forecast in 2032 |
USD 1054.7 million |
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Growth Rate |
CAGR of 12.9% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD million and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Crop Type, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Bayer AG, BASF SE, Syngenta AG, Corteva Agriscience, FMC Corporation, Chr. Hansen, Marrone Bio Innovations Inc., Certis USA LLC, BioConsortia Inc., Agri Life, and Other Prominent Players. |
The Bionematicides Market size was estimated at USD 279.5 million in 2021 and is expected to reach USD 1054.7 million in 2032.
Bionematicides are key biopesticides that treat yields from nematode contagion. Bionematicides are the biopesticides produced by a variety of microorganisms, including bacteria, fungi, and other inert substances.
The Fruit & Vegetables and Soil Treatment segments accounted for the larger share of the Bionematicides Market.
Key players in the Bionematicides Market are Bayer AG, BASF SE, Syngenta AG, Corteva Agriscience, FMC Corporation, Chr. Hansen, Marrone Bio Innovations Inc., Certis USA LLC, BioConsortia Inc., Agri Life, and Other Prominent Players.
Bionematicides Market growth is primarily driven by the use of biologicals, sustainable environmental activities, the expansion of biological control seed treatment products, and the use of integrated pest management methods.
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