Bionematicides Market size was valued at USD 220.0 million in 2022 and is poised to grow at a significant CAGR of 15.0% over 2023-2029. Bio nematicides are primarily created by various microorganisms, including bacteria, fungi, and other inert substances. Bio nematicides are available in dry and liquid forms and can be applied to plants at any point in their life cycles. Bio nematicides function best when used before planting. Bio nematicides give crops and soil environmentally friendly protection without sacrificing the fertility of the earth or the quality of the produce. As a result, their use may rise in the future, giving bionematicides' producers better chances to see their market share grow. Additionally, as crop production increases in developing nations, bio nematicides market participants may experience continued expansion. Nematode infests crops at a high level, the rapid development of biocontrol seed treatment options, dwindling availability of fertile land, sustainability initiatives, greater adoption of agricultural biological products, and increased use of integrated pest management methods. Agriculture is being impacted by increased industrialization, which is lowering crop quality and soil fertility. As a result, bionematicides are increasingly used to preserve crops, indicating potential growth for the bionematicides market. Additionally, increasing the use of microorganisms in crops enhances crop quality and offers organic nutrients, which support the expansion of the bionematicides market. Bio nematicides use in crops may satiate the demand for fresh and organic vegetables. Consumers have grown much more aware and are choosing chemical-free items and demanding more organic and natural products. Moreover, the rising population will increase the demand for food, increasing efficient land use with high-yielding biofertilizers and crop and seed management to satisfy the rising demand. Bio nematicides are widely used in farming to increase crop output and be environmentally beneficial. Additionally, there will be a noticeable increase in the trade in agricultural commodities. For example, by 2050, net cereal imports into developing nations, such as Sub-Saharan Africa and Latin America, will increase by more than three times, reaching around 300 million tonnes.
Fastest Growing Market
The usage of bionematicides to safeguard crops is rising, indicating potential growth for the bionematicides market. The agriculture sector is heavily impacted by growing industrialization, which also impacts crop quality and soil fertility. The bio nematicides market is also expanding due to the growing usage of microorganisms in crops, which provide organic nutrients and improve crop quality. Bio nematicides in crops may satisfy the need for fresh and organic veggies as people prefer chemical-free products and demand more organic and natural goods. However, one of the reasons restricting the global market for bionematicides is the lack of awareness and issues with low efficacy.
The bionematicides market is projected to expand at a CAGR of 5.0% during the forecast period
Protection AG (Switzerland), Corteva Agriscience (US), BASF SE (Germany), Adama (Israel), FMC Corporation (US), Nufarm (Australia)
North-America is the fastest-growing region for bionematicides market