Bionematicides Market : Complete Study of Current Trends in the Market, Industry Growth Drivers
Bionematicide is a type of biopesticide used to prevent and treat nematode infestation in crops. Bionematicides consist of the spores of bacteria or fungus and inert material. Inert material can include plant or animal extracts. The modus operandi of bionematicides generally involves the infection and paralysis of nematodes. Bionematicides generally act at all stages of the nematode lifecycle; however, their application at a pre-plantation stage is considered to be the most effective. Bacillus firmus and Paecilomyces lilacinus are the key strains that are used in bionematicides. It can be applied through the drip system and soil application. Bionematicides are available in liquid as well as powder form. The activity of the liquid form is 1× 109 CFU (Colony forming units), whereas the activity of powder form is 1 × 108 CFU.
The high level of crop infestation by nematodes is expected to drive growth of the bionematicides market . Globally, the key challenge is to ensure food security and feed the rising human population. The global population is expected to increase by 35% in 2050 and considering the current and estimated future situation of the rising population and food demand, significant improvements are necessary in terms of efficient use of resources. Optimum pest and disease management would be essential to increase the resource efficiency. Nematode is a type of pest that infects almost all crops including fruits & vegetables. More than 4,100 species of nematodes has been identified and new species are still being identified globally. Due to the high level of infestation by nematodes, food security has emerged as a major concern for the human population. Additionally, stringent environmental regulations by government agencies in the usage of chemical nematicides is expected to further boost the demand for bionematicides. Chemical nematicides are being used for the past many years now; however, they are experiencing a patterned phase out due to their toxicity and adverse impact on the environment. This fact is expected to boost the demand for bionematicides in the near future.
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Bionematicides comprise naturally occurring or modified bacterial and fungus spores. Issues related to bionematicides and limited spectrum of action are projected to hamper the market growth. Burgeoning growth of the organic agriculture industry due to changing consumer preference in developed and developing countries is anticipated to be an important opportunity for the bionematicides market. Additionally, development of broad-spectrum bionematicides will help the bionematicides market to grow in the next few years.
Based on crop type, the global bionematicides market can be bifurcated into five key segments: cotton, corn, soybean, fruits & vegetables, and others. In terms of volume, fruits & vegetables held a significant share of the global bionematicides market in 2014. This crop segment is expected to grow at the fastest pace during the forecast period. Corn followed the fruits & vegetables segment in terms of demand for bionematicides in 2014. Others crop segment includes oil crops, cereals, pulses, etc. Fruits & vegetables segment is further segmented into leafy vegetables, tomato, pepper, and others.
North America dominated the global bionematicides market with a share of more than 30% in 2014. The region is likely to continue its dominance in the next few years. North America was followed by Europe and Asia Pacific in terms of the demand for bionematicides in 2014. Asia Pacific is projected to be the fastest growing region in the near future, led by the rising adoption of biopesticides and organic agriculture in the emerging economies of India and China. Latin America held a significant share of the global bionematicides market in 2015. However, the region is expected to grow at a moderate rate in the next few years. The Middle East & Africa are expected to exhibit a moderate to sluggish growth rate during the forecast period.
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The global bionematicides market is moderately fragmented in nature with the top five players constituting more than 55% of the market share. Key players in the bionematicides market include Bayer CropScience AG, BASF SE, Monsanto Company, Syngenta AG, Novozymes, Certis USA LLC, Dow AgroSciences LLC, FMC Corporation, Marrone Bio Innovations, Inc., and Valent BioSciences Corporation.
Table of Content
2. Executive Summary
3. Bionematicides Market – Industry Analysis
4. Bionematicides Market – Price Trend Analysis
5. Bionematicides Market – Crop Type Analysis
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