San Francisco, California, April 09, 2018 – The global bionematicides market is anticipated to witness a positive growth curve in the coming years, according to a recently published report by TMR Research. Titled, “Bionematicides Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the report talks about how the surge in use of organic nutrients to enrich the fertility of soil is propelling the market for bionematicides.
Bio-based nematicides, or bionematicides, primarily protect crops from fungus, nematodes, and insects. Unlike traditional nematicides, bionematicides are environment-friendly and do not threaten crop quality and the fertility of the soil. Bionematicides are widely utilized in agricultural purposes in order to yield superior quality and higher quantity of crops. Bionematicides typically bring about progressive destruction and incapacitation of nematodes.
Bionematicides can act against nematodes in any stage of their lifecycle; however, their application at a pre-plantation stage is more effective. According to statistics, the world population is predicted to rise by 35% by 2050. With such a huge surge in population, the demand for food is expected to rise, along with the need for effective resource management. And to ensure highest productivity levels, it is important to control the infestation of pests and others creatures that can damage crops. The use of bionematicides could pave the way towards effective pest control and management, and this is a key factor contributing to the growth of the global bionematicides market.
The advances in crop production techniques and large-scale agriculture are other prominent factor expected to propel the bionematicides market. The rising number of initiatives taken up by the governments towards replacing conventional nematicides by bionematicides could present a rich growth opportunity to the market as well. The low shelf life of bionematicides along with a slow action speed on large sized pests is a factor that could hamper the growth of this market.
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Based on regional segmentation, the global market for bionematicides can segmented into North America, Asia Pacific, Europe, and the Rest of the World. Among these, Asia Pacific is anticipated to exhibit a robust growth in the years to come due to factors such as climate change, overpopulation, industrialization, demographic shifts, environmental concerns, and sustainability. The market in North America is also likely to significantly expand owing to the growing acceptance of bionematicides.
Some of the prominent vendors operating in the global bionematicides market are Bayer CropScience AG, Marrone Bio Innovations, Inc., Monsanto Company, ow AgroSciences LLC, BASF SE and LAM International.