Bionematicides Market

Global Bionematicides Market Size (2024 to 2032)

The global bio nematicides market was valued at USD 464.82 million in 2023 and is anticipated to reach USD 545.70 million in 2024 from USD 1969.24 million by 2032, growing at a CAGR of 17.4% from 2024 to 2032.

Bionematicide is a kind of Biopesticide that is used to treat nematode infestation in crops. The nematodes are pests that attack the roots of all kinds of crops, including fruit and vegetables, and cause damage to the crops. The bionematicides are used to eradicate the nematodes at all stages of their lifecycle. The bionematicides are eco-friendly in nature and do not cause any harm to the quality of crops as well as the fertility of the soil. Bionematicides are produced either by plant sources or by different organisms such as bacteria, fungi, and other inert materials. Bionematicides are available in liquid or dry form. Bionematicides provide organic nutrients to crops and are becoming the most preferred solution for controlling nematodes. Owing to the benefits of bionematicides over synthetic nematicides, the growth of the bionematicides market is expected between 2022 and 2027.

Market Drivers

The driving force of the bio-natural market is the ever-increasing demand for food. The increasing demand for food due to the rapidly growing population is encouraging farmers to use biopesticides in order to improve the quality as well as the quantity of the yields.

The growing health concern and the increasing demand for organic food across the globe are encouraging farmers to use biopesticides in order to grow organic crops and meet the surging demand, which is driving the growth of the market. Additionally, bionematicides are safe for the environment and crops compared to synthetic nematicides; therefore, the demand for bionematicides is increasing in the market.

Moreover, some of the nematicides, such as microbes, help enhance the nutrient and fertility of the soil, help control harmful pests, and do not cause any harm to the crop and soil like chemical nematicides. Therefore, the demand for biopesticides is increasing, which, in turn, increases the growth of the bionematicide market in the forecast period.

Market Restraints

The low awareness among farmers in some of the developing nations and the low shelf life of the microbes is restricting the growth of the bionematicide market in the forecast period.

COVID-19 Impact on the Global Bionematicides Market

The global bio nematicides market has been significantly impacted by the COVID-19 outbreak. During the pandemic, the lockdown imposed by legislative bodies around the globe and travel restrictions caused adverse effects in several industries, and the bionematicide industry is no exception. The biopesticide market has slowed down during this period due to disruption in transportation and logistics, which affects the supply chain and the demand for biopesticides. Furthermore, the travel restrictions around the globe also affect the global trade of bionematicides. However, with the pace of time, the demand for bionematicides is increasing due to the increasing demand for organic food in order to immunize health, which in turn fuels the market for bionematicides.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Bionematicides Market By Type

Based on type, the Global Bionematicides Market is segmented into Microbial and Biochemical. The microbial bionematicides segment is dominating the market in the forecast period between 2022 and 2027 as the microbial form of bionematicides enhances nutrient mineralization and, therefore, increases the fertility of the soil and also acts as a biological control agent.

Global Bionematicides Market By Form

Based on form, the Global Bionematicides Market is segmented into Liquid and Dry. The Liquid formulation of bionematicides is expected to register significant growth throughout the forecast period. The liquid form of bionematicide is safe and easily applicable. However, the demand for granular or dry forms of bionematicides is also gaining traction due to their long shelf life and ease of storage and transport.

Global Bionematicides Market By Crop

Based on crop, the Global Bionematicides Market is segmented into Cereals & grains, Oilseeds & Pulses, Fruits & Vegetables, and Others. Because of the rising occurrence of nematode infestation in several vegetables such as carrots, potatoes, and tomatoes, the vegetable and fruit segment is predicted to hold the greatest market share. Nematodes infected roots become damaged and distorted which affects the quality and quantity of the crops. Therefore the growers are using bionematicides in fruits and vegetables. Also, the increasing worldwide demand for organic fruits and vegetables is fueling the demand for bionematicides in the market.

Global Bionematicides Market By Mode of Application

Based on the mode of application, the Global Bionematicides Market is segmented into Seed Treatment, Soil Treatment, Foliar Sprays, and Others. Soil treatment accounts for the largest market as it promotes seed germination, enables faster growth of the plant, and provides more efficient use of moisture and nutrients, therefore helping in improving crop yields. Owing to the above factors, the soil treatment segment is going to boost the bio nematicides market in 2022 and 2027.

Global Bionematicides Market By Infestation

Based on the infestation, the Global Bionematicides Market is segmented into Root Knot, Cyst Nematodes, Lesion Nematodes, and Others. The root-knot kind of infestation is going to dominate the market as root-knot nematodes attack a wide range of plants, including vegetables, fruit trees, and ornamentals. These kinds of nematodes are difficult to control and they can spread easily from garden to garden in soil.

REGIONAL ANALYSIS

The Global Bionematicides Market has been categorized into four regions: North America, Europe, Asia-Pacific, and RoW (Rest of the World). 

North America dominates the biopesticides market due to the huge adoption of bio-based pesticides, including bionematicides, in order to control the damage of the crop. also, the high deployment of advanced and organic agriculture is driving the growth of the market during the forecast period.

The Bionematicides market in Europe is projected to grow at the highest CAGR during the forecast period owing to the presence of large agricultural lands for the production of fruits and vegetables on a large scale. Also, the increasing demand for organic products is driving the growth of the bio nematicides market.

Asia-Pacific is also projected a significant amount of growth during this period due to the growing acceptance of organic agriculture and biopesticides in developing countries. Moreover, the increasing awareness among farmers about the benefits of using bionematicides over chemical nematicides is driving the growth of the bionematicide market in this region.  

Leading Company

Bayer had the largest share of the world’s bio nematicides market in terms of sales revenue in 2018.

KEY MARKET PLAYERS

Some of the leading companies operating in the Global Bionematicides Market are Bayer AG, Monsanto Company, Syngenta AG, BASF SE, Dow AgroSciences LLC, FMC Corporation., Valent BioSciences LLC, Marrone Bio Innovations., Certis, T.STANES & COMPANY LIMITED. 

RECENT DEVELOPMENTS IN THE GLOBAL BIO NEMATICIDES MARKET

In June 2021, the number of agricultural crop protection manufacturers was supporting Crop Lifescience's commitment to a closed transfer system (CTS) universally available. Crop protection manufacturers such as Belchim Crop Protection, FMC Corporation, and Ronseva Group join forces with ADAMA, BASF, Certis Europe, Corteva Agriscience, Nufarm, and Syngenta in order to introduce easy connections into the European Market. The connect system is developed for liquid crop protection products and consists of two components: a unique cap and a coupler.

In April 2020, the Ministry of Agriculture of Brazil has approved to unprecedented biological pesticides. One pesticide is based on garlic extract and can be used to control nematodes and the other is a mite that can be used to control the whitefly that attacks potatoes, tomatoes, and beans among the other crops.

DETAILED SEGMENTATION OF THE GLOBAL BIO NEMATICIDES MARKET INCLUDED IN THIS REPORT

This research report on the global bio nematicides market is segmented and sub-segmented into the following categories.

By Type

• Microbial
• Biochemical

By Form

• Liquid
• Dry

By Crop

• Cereals & grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Mode of Application

• Seed Treatment
• Soil Treatment
• Foliar Sprays
• Others

By Infestation

• Root Knot
• Cyst Nematodes
• Lesion Nematodes
• Others

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East And Africa