Transparency Market Research has published a new report titled
“Bionematicides Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2023.” According to the report,
the global bionematicides market was valued at US$ 140.5 Mn in 2014
and is likely to reach US$ 203.5 Mn in 2023, expanding at a CAGR of
4.2% between 2015 and 2023.Bionematicides are used to prevent or
treat crop infestation by nematodes.Bionematicides generally
comprises bacterial or fungal spores and inert material. Spores
included in the bionematicide germinate and paralyze the organism
after coming in contact with it. It is available in liquid and powder
form. The advantages of bionematicides include no resistance
development, no residues, and no resurgence.
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High level of crop infestation by nematodes is expected to drive
growth of the bionematicides market globally. Nematodes infect almost
all types of crops across the globe that leads to loss of yield.
Optimum pest and disease management would be essential to increase
resource efficiency and ensure food security. Additionally, stringent
environmental regulations against chemical/traditional nematicides
are anticipated to propel the bionematicides market further. However,
the efficacy and activity of bionematicides is low and can be
affected by various environmental and process factors such as the
time of administration. This fact is expected to act as a restraining
factor for growth of the bionematicides market. Emerging organic
agriculture industry across the globe is projected to be an important
opportunity for market players during the forecast period.
In terms of volume, fruits & vegetables held a significant share
of the global bionematicides market in 2014. The segment accounted
for more than 25% share of the market in 2014. It is anticipated to
maintain its share by growing at the fastest rate in the near future.
Corn is likely to be the second fastest growing segment in the global
bionematicides market during the forecast period. Cotton and other
crop segments are estimated to grow at a moderate to sluggish rate in
the next few years. Others application segment includes oil crops,
cereals, pulses, etc.
In terms of volume, North America dominated the global bionematicides
market with more than 30% share in 2014. North America was followed
by Europe and Asia Pacific in terms of volume. Latin America followed
Asia Pacific in terms of demand with a significant market share;
however, it is expected to grow at a moderate rate during the
forecast period.
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Market Research Report with ToC & Analysis :
Demand for bionematicides in the Middle East & Africa is
estimated to increase at the lowest rate in the next few years.The
global bionematicides market is moderately fragmented in nature and
the top five players constituted more than 55% share in 2014. Key
players in the bionematicides market include Bayer CropScience AG,
BASF SE, Monsanto Company, Syngenta AG, Certis USA L.L.C, Dow
AgroSciences LLC, FMC Corporation, Marrone Bio Innovations, Inc., and
Valent BioSciences Corporation.
The
report segments the global bionematicides market as follows:
Bionematicides
Market - Crop Analysis
- Cotton
- Corn
- Soybean
- Fruits & vegetables
- Leafy vegetables
- Tomato
- Pepper
- ther fruits & vegetables (Including banana, potato, citrus, etc.)
- Others (Including oil crops, cereals, pulses, etc.)
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