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Novozymes, Monsanto Company Profiled in Bionematicides Market 2018-2024 | Prominent Players - FMC Corporation, BASF, Valent BioSciences, CERTIS USA LLC, Syngenta, Bayer Crop Science, LAM International, Beijing Ecoman Biotech Co., Ltd., Marrone Bio Innovat
Bionematicides Market
By 2050, global population might reach 9 billion, which will increase food demand. Consequently, this will increase yielding fertilizers, seed & crop management demand to increase crop yield. In addition, rising consumer awareness and demand for food produced from organic or bio based fertilizers will boost bionematicides market share over the forecast timeframe. Also, agricultural trade is forecast to inflate in coming years, resulting in business growth.
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Company Profiles
1. FMC Corporation
2. BASF
3. Novozymes
4. Monsanto Company
5. Syngenta
6. Bayer Crop Science
7. Valent BioSciences
8. CERTIS USA LLC
9. Marrone Bio Innovations, Inc.
10. Dow Agroscience
11. LAM International
12. Beijing Ecoman Biotech Co., Ltd.
Bionematicides are basically bio-pesticides which are used to treat and control the growth of nematode infestation on crops. Bionematicides market is set to grow with the rising product demand, owing to its cost effectiveness and the use of natural plants and animal extracts. Strict environmental norms in favor of organic fertilizers and bio-based composts have further increased the demand for bionematicides.
Bionematicides market is gaining traction as it finds extensive usage in crop production, which includes soybeans, corn, cotton, fruits, leafy vegetables, pepper, tomato, etc. Among these, cotton and corn require higher soil fertilization to improve yield. Bionematicides market was valued over USD 800,000 in 2015 due to the increasing product application for growing cotton. As per estimates, bionematicides market size from the corn crop is projected to attain highest growth of 4.5% over 2016-2024, subject to the increase in biological methods to control crop disease. Fruits & vegetables crop segment collected a revenue worth USD 41 million in 2015 and is expected to escalate the demand for bionematicides market. Bionematicides market for soybean is anticipated to exceed USD 14.5 million over 2016-2024. As per a report by Global Market Insights, Inc., the global bionematicides industry is estimated to record a CAGR of 4% over the period of 2016-2024.
Browse key industry insights spread across 85 pages with 145 market data tables & 10 figures & charts from the report, “Bionematicides Market Size By Crop (Cotton, Corn, Soybean, Fruits & Vegetables [Leafy Vegetables, Tomato, Pepper]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/bionematicides-market
Slow product action on large pests along with little shell life may hinder bionematicide adoption. In addition, inadequate product variety for several crop may negatively impact bionematicides market size by 2024. Nevertheless, enduring R&D towards biotic nematodes control is likely to boost the market for bioneaticides. Arkansas Fungus, Pochonia chlamydospora and Paecilomyces lilacinus are recognized as parasites of the nematodes egg stage. As a result, two biocontrol products are presented for nematode control on cotton, namely Linnaeus and Gossypium hirsutum.
Asia Pacific is a prominent region which exhibits concerns over the rising population and rapid industrialization.
Such factors fuel the requirement of higher crop yielding capacity in the region. India, Japan, and China are the key agro-based countries where farming is the basic occupation for sustenance. Asia Pacific bionematicides market collected a revenue of USD 23 million in 2015 and will generate significant revenue with a CAGR of more than 4% over the period of 2016 to 2024. Many prominent governmental organizations are supporting the industry growth by promoting sustainable farming in terms of favorable loans and subsidies, which will stimulate bionematicides industry size considerably over the years ahead.
Global bionematicides market size may hit USD 209.1 million by 2024, with projected growth more than 4%. In 2015, bionematicides market for cotton crop generated revenue more than USD 800 thousand. Nematodes leads to over USD 80 billion crop yield losses across the globe, including cotton. Booming bio based fertilizer applications and farmer’s preference for sustainable farming to prevent lance nematodes, sting and root knot in crops will propel industry growth.
In 2015, fruits & vegetable crop was valued at over USD 41 million. Escalating demand organic and bio based fruits & vegetables demand globally is offering a positive bionematicides market outlook.
Bionematicides market for soybean should exceed USD 14.5 million over the forecast timeframe.
The top five players of this industry accounted for more than 50% of the global volume of 2015. These companies have been actively participating in research & development activities to develop more sustainable products for agriculture. Key participants in bionematicides market are Dow AgroSciences LLC., Bayer CropScience AG, Monsanto Company, Valent BioSciences Corporation, BASF SE, Syngenta AG, Certis USA LLC., Marrone Bio Innovations, Inc., LAM International, and Ecoman Biotech Co., Ltd
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