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What Are The Market Size Estimates For The Bionematicides Market?

The bionematicides industry has witnessed a fast-paced expansion in recent years. The market growth is projected to rise from $0.47 billion in 2024 to $0.54 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%. The historic period’s growth is due to factors such as the heightened consciousness about the environmental damage caused by chemical pesticides, prompting a transition towards biological alternatives. Further, advancements in microbial technology have made the production of effective bionematicides possible. Additionally, regulatory restrictions and prohibitions on specific chemical nematicides have propelled the market for biological substitutes. The market has also been fuelled by an increase in consumer preference for organic produce.

Rapid expansion is forecasted in the bionematicides market over the next few years, swelling to $0.88 billion by 2029 with a CAGR of 13.2%. The anticipated growth in the coming period can be attributed to factors such as the rising uptake of sustainable farming practices, the spread of commercial agriculture in emerging markets which encourages more use of biological solutions, cooperative efforts between biotech firms and agricultural institutions, the incorporation of biocontrol agents into crop defense tactics, and an increased emphasis on soil health and the management of microbiomes. Key trends for the projected period involve a rising demand for eco-friendly solutions, leading to significant advancements in bio-based formulations, integration of biotechnology, an upsurge in the implementation of nematode management strategies that are preventative, and lasting farming practices.

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Which Growth Drivers Are Shaping The Bionematicides Market Outlook?

The escalation in greenhouse farming adoption is predicted to boost the bionematicides market’s evolution. Growing crops in encased structures, either entirely or partially transparent, is what greenhouse farming entails. Its popularity is due to its capacity to magnify crop output and enable year-round production, unhindered by external weather circumstances. Bionematicides address the issue of managing plant-parasitic nematodes (PPNs) in greenhouse farming. They serve as a viable, eco-friendly substitute to chemical nematicides. For example, Agriculture and Agri-Food Canada, the governmental department responsible for agricultural federal regulation in Canada, reported in October 2023 that Canada had 934 commercial greenhouse vegetable ventures. They produced 752,685 metric tons of vegetables in 2022, signifying a 5% growth in operations and a 7% surge in production compared to 2021. Consequently, the rising uptake of greenhouse farming is expected to fuel the bionematicides market’s expansion.

What Are The Primary Segmentation Parameters In The Bionematicides Market?

The bionematicides market covered in this report is segmented –

1) By Type: Microbials, Biochemical

2) By Form: Dry Bionematicides, Liquid Bionematicides

3) By Crop: Cotton, Corn, Soybean, Fruits And Vegetables, Other Crops

4) By Application: Foliar Spray, Soil Treatment, Seed Treatment, Others Applications

Subsegments:

1) By Microbials: Bacteria-Based, Fungi-Based, Actinomycetes-Based, Virus-Based, Protozoa-Based

2) By Biochemical: Natural Plant Extracts, Organic Acids, Biochemical Enzymes, Phytoalexins, Other Biochemical Compounds

Which Emerging Trends Are Reshaping The Bionematicides Market Landscape?

Leading firms in the bionematicides market are formulating innovative solutions like plant-parasitic nematicides, aiming to better cater to clients with enhanced attributes. A plant-parasitic nematicide is a specialized pesticide designed to target and control plant-parasitic nematodes, microscopic roundworms that infest plants and cause considerable crop damage. For example, in September 2023, Corteva Inc., an agriculture chemical organization based in the US, introduced Reklemel Active, a novel nematicide designed to shield an extensive range of food and field crops from plant-parasitic nematode impairment without upsetting the harmonious coexistence of beneficial organisms in the soil. This product is among the first new key ingredients approved under the revised Environmental Protection Agency policy, which includes Endangered Species Act assessments in the pesticide registration procedure.

Which Organizations Are At The Forefront Of The Bionematicides Market?

Major companies operating in the bionematicides market are BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, UPL Limited, FMC Corporation, Adama Agricultural Solutions Ltd., Novozymes A/S, Nufarm Limited, Chr. Hansen Holding A/S, Brandt, Isagro S.p.A., Koppert Biological Systems, T. Stanes and Company Limited, Certis USA LLC, Valent BioSciences Corporation, Marrone Bio Innovations Inc., The Real IPM Company, Andermatt Biocontrol AG, Bioworks Inc., Bio Huma Netics Inc., Horizon Agrotech

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Which Region Holds The Greatest Opportunity For Bionematicides Market Expansion?

North America was the largest region in the bionematicides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bionematicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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