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What's Driving the Bionematicides Market 2025-2034: Rising Greenhouse Farming To Boost Bionematicides Market Growth
What Are the Projections for the Size and Growth Rate of the Bionematicides Market?The bionematicides industry has seen rapid expansion in recent years. The market size is projected to increase from $0.47 billion in 2024 to $0.54 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.8%. The historic growth of this market can be credited to several factors. A heightened awareness of the negative environmental consequences of chemical pesticides has fuelled a shift towards biological alternatives. Also, breakthroughs in microbial technology have enabled the creation of more effective bionematicides. Furthermore, due to regulatory restrictions and prohibition on specific chemical nematicides, the demand for biological substitutes has escalated. The market growth is also propelled by the escalating consumer demand for organic foods.
In the coming years, the bionematicides market is predicted to experience a rapid expansion. By 2029, it is anticipated to swell to $0.93 billion, with a compound annual growth rate (CAGR) of 14.4%. This growth within the forecast period is projected to be due to a rise in sustainable farming methods, growth in commercial agriculture in burgeoning markets, increasing use of biological solutions, partnerships between biotech firms and agricultural establishments, incorporation of biocontrol agents in crop protection plans, and an enhanced concern for soil health and managing microbiomes. The imminent trends for the forecast period are expected to include a rise in demand for eco-friendly solutions, leading to significant innovation in bio-based formulation, integration of biotechnology, higher adoption rate of preventive strategies for managing nematodes, and sustainable farming practices.
What Is Contributing to the Growth of the Bionematicides Market?
Anticipated growth in the bionematicides market is linked to the rising popularity of greenhouse farming. This farming method, which usually involves cultivating crops in structures covered wholly or partially with transparent materials, is gaining traction due to its potential to boost crop yields and allow year-round production, even under varying external climate conditions. Crucially, bionematicides provide a sustainable and eco-friendly solution to managing plant-parasitic nematodes (PPNs) in greenhouse farming, serving as a viable alternative to traditional chemical nematicides. In 2023, Agriculture and Agri-Food Canada, a government department tasked with overseeing federal agriculture regulations, reported 934 commercial greenhouse vegetable operations in Canada. These operations yielded a 5% increase in operations and a 7% increase in production from the previous year, totaling 752,685 metric tons of vegetables. Consequently, this growing trend of greenhouse farming should spur the expansion of the bionematicides market.
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Which Businesses Are at the Forefront of Bionematicides Market Development?
Major companies operating in the bionematicides market are BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, UPL Limited, FMC Corporation, Adama Agricultural Solutions Ltd., Novozymes A/S, Nufarm Limited, Chr. Hansen Holding A/S, Brandt, Isagro S.p.A., Koppert Biological Systems, T. Stanes and Company Limited, Certis USA LLC, Valent BioSciences Corporation, Marrone Bio Innovations Inc., The Real IPM Company, Andermatt Biocontrol AG, Bioworks Inc., Bio Huma Netics Inc., Horizon Agrotech
What Are the Latest Innovations in the Bionematicides Market?
Leading firms in the bionematicides sector are generating creative solutions such as plant-parasitic nematicides to furnish the customers with sophisticated features. The term plant-parasitic nematicide pertains to a special kind of pesticide devised deliberately to target and manage plant-parasitic nematodes, the microscopic roundworms that parasitize plants leading to major crop damage. For instance, Corteva Inc., an American agricultural chemical corporation, rolled out Reklemel Active in September 2023. This novel nematicide is designed to shield a diverse range of food and row crops from harm by plant-parasitic nematodes, without disturbing the equilibrium of helpful organisms in the soil. It is among the first new active ingredients registered under the revised policy of EPA, which involves Endangered Species Act evaluations in the pesticide registration process.
How Is the Bionematicides Market Segmented?
The bionematicides market covered in this report is segmented -
1) By Type: Microbials, Biochemical
2) By Form: Dry Bionematicides, Liquid Bionematicides
3) By Crop: Cotton, Corn, Soybean, Fruits And Vegetables, Other Crops
4) By Application: Foliar Spray, Soil Treatment, Seed Treatment, Others Applications
Subsegments:
1) By Microbials: Bacteria-Based, Fungi-Based, Actinomycetes-Based, Virus-Based, Protozoa-Based
2) By Biochemical: Natural Plant Extracts, Organic Acids, Biochemical Enzymes, Phytoalexins, Other Biochemical Compounds
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Where Is the Bionematicides Market Growth Most Prominent?
North America was the largest region in the bionematicides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bionematicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Bionematicides Global Market Report?
- Market Size Analysis: Analyze the Bionematicides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bionematicides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bionematicides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bionematicides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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