Growing Demand for Quality Food Products is anticipated to impel the Revenue in Bionematicides Market

Precision Business Insights published a research report on "Bionematicides Market: by product Type (Microbials & Biochemicals), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Form (Liquid and Dry), infestation type (Lesion nematodes, Cyst nematodes, Root knot, and Others) Mode of Application (Foliar sprays,, Soil treatment, Seed treatment, Others ) by Geography- Global/Region/Country Forecast to 2027", Bionematicides market was valued at USD 220 million in 2020 and is anticipated to grow at USD 585.20 million till 2027 recording a CAGR of 15% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Bionematicides Market: by product Type (Microbials & Biochemicals), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Form (Liquid and Dry), infestation type (Lesion nematodes, Cyst nematodes, Root knot, and Others) Mode of Application (Foliar sprays,, Soil treatment, Seed treatment, Others ) by Geography- Global/Region/Country Forecast to 2027".

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Bionematicides are bio-based chemicals that are utilized in the treatment nematode infestations of the crops. Microorganisms such as bacteria and fungus make up bionematicides. Bionematicides are different from nematicides and they are environmentally beneficial and do not impair the crop's nature or soil fertility. Bionematicides are also utilized in agriculture to enhance the quality and yield of the products. Furthermore, bionematicides derived from animal and plant extracts and they are inexpensive. Bionematicides are used from the pre-plantation stage onwards to enhance plant growth.

Increasing awareness about the use of biological products such as biopesticides, increased nematode infestation on agriculture crops, rapid industrialization, which is resulting in a decrease in arable land, and rising global population demand for high-quality food products are projected to drive market revenue over the forecast period. In addition, the market is expected to be fueled by an increase in the usage of agriculture biological for boosting crop production, the adoption of novel farming practices, and strict regulations on organic nematicides over the forecast period. On the other hand, the risk of harmful metabolites released by microbes, product supply concerns, sluggish mode of action of bionematicides and shorter shelf life of the products are expected to hinder the growth of the market over the projection period.
Due to an increase in nematode infestation on agriculture crops and strict limitations on the use of chemical nematicides, the bionematicides market is increasing at a considerable CAGR. Because of their low cost and eco-friendly nature, bionematicides are frequently favored over chemical nematicides. Furthermore, key players use strategies such as acquisitions & mergers, collaborations, and product launches to gain market share in bionematicides market.

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Impact of COVID-19 on Bionematicides Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years

Based on geographical analysis, bionematicdes market is divided into leading regions such as North America, Asia Pacific, Europe, Latin America and Africa. Factors driving the growth of the North American bionematicides market include rise in the fame of agriculture biotechnology, including the use of biopesticides, increasing farming of fruits and vegetables, an increase in the use of bionematicides over chemical nematicides, as well as corn farming in the United States.

Competitive Analysis

A few of the major players of the bionematicides marekt are Bayer CropScience AG (Germany), Syngenta AG (Switzerland), Valent BioSciences Corporation (U.S.), Marrone Bio Innovations, Inc. (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), FMC Corporation (U.S.), Monsanto Company (U.S.), and StollerUSA (U.S.) to name a few.

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