The Global Bionematicides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report The Global Bionematicides Market was worth $151.2 million in 2016 and estimated to be growing at a CAGR of 17.4%, to reach $337.2 million by 2021. The market is segmented by Type (Microbials & Biochemicals), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Form (Liquid and Dry), Mode of Application, Infestation. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The effectiveness of crop infestation by nematodes is expected to drive development of the bionematicides market. Globally, the key challenge is to feed the rising human populace and ensure food security. The stringent ecological regulations by government organizations in the utilization of chemical nematicides is expected to further increase in the demand for bionematicides. Chemical nematicides are being utilized for the past numerous years now; However, they are experiencing a designed phase out because of their poisonous quality and unfriendly effect on the earth.
Cotton and vegetables and fruits are ruling application segments which expand development of worldwide bionematicides market.
Europe is expected to lead the bionematicides showcase during the forecast period. Factors, for example, integrated pest management methods, and an increased selection of agriculture microbials are driving the interest for bionematicides in this region. In addition, countries like Spain and France have agriculture as their significant part which impacts the GDP of the nation is another variable that drives the market for bionematicides in Europe.
The key players in the global bionematicides market include FMC Corporation, Dow AgroSciences LLC, Valent BioSciences Corporation, Marrone Bio Innovations, Inc., BASF SE, Bayer CropScience AG, Monsanto Company, Certis USA LLC and Syngenta AG.
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