Bionematicides Market
Overview of the Bionematicides Market
Bionematicides are naturally occurring substances that contains microorganisms like fungi; bacteria etc and are useful in treatment of nematode infestation. Unlike conventional nematicides they neither pose any threat to the environment nor to the soil fertility. Due to cost effectiveness and eco-friendly nature of bionematicides, they are gaining popularity over conventional nematicides.
Drivers and Constraints of the Bionematicides Market
Drivers: - Population increase and rapid development that has caused a reduction in farming land, demand for better quality food products, growing popularity of eco-friendly agriculture practices, strict regulations for the usage of chemical nematicides, increase in frequency of plant diseases due to nematode infestation and growing awareness about benefits of using biological products over synthetic products.
Constraints: - Low availability of the product, slow action of bionematicides and their short shelf life, risk associated with metabolites secreted by the microorganisms etc
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Bionematicides Market – Market Segmentation
The Bionematicides market can be segmented on the basis of product type, form, type of crop, type of infestation, mode of application, and based on geography.
On the basis of the product type, the bionematicides market can be segmented as below:-
• Biochemical products
• Microbial products
On the basis of the form of the product, the market can be segmented as below:-
• Liquid
• Dry
On the basis of the type of crop, the market can be segmented as below:-
• Vegetables and fruits
• Cereals and grains
• Oilseeds and pulses
• Others
On the basis of the infestation type, the market can be segmented as below:-
• Lesion nematodes
• Cyst nematodes
• Root knot
• Others
On the basis of the mode of application, the market can be segmented as below:-
• Foliar sprays
• Soil treatment
• Seed treatment
• Others
Analysis of the Bionematicides Market Based on Regions
On the basis of the geography, the bionematicides market can be divided into five key regions. They are:-
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa
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Main demand drivers for North American region are: - Adoption of biotechnology in agriculture, popularity of eco-friendly agriculture practices, and an increase in cultivation of fruits, vegetables, corn etc.
Similarly, for Europe the growth for bionematicides is driven by factors like adoption of organic and eco-friendly agricultural practices, a surge in cultivation of fruits and vegetable in few European countries like France, Spain, and Germany, knowledge among people regarding benefits of using bionematicides or biopesticides over chemical ones.
In Asia-Pacific, growth drivers are – population demanding for quality food, industrialization and rapid development, and concern for environmental issues.
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Key Players in the Bionematicides Market
Few of the key players in the bionematicides market are listed below:-
• 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.)
• Stoller USA (U.S.)
Mergers, acquisitions, collaborations and new product launch are the strategies being adopted by major market players.
Key Developments in the Bionematicides Market
• September, 2017 - Clariva PN which is a bionematicide used to control cyst nematode in soyabean got registered in Brazil by Syngenta.
• March, 2017 – Launch of Quertzo, a bionematicide product in Brazil by FMC Corporation.
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