Bionematicides Market Revenue, Opportunity, Segment and Key Trends 2016-2024

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Bionematicides Market worth USD 209.1 Million by
2024
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Key Insights Bionematicides Market

• Bionematicides Market size is projected to touch
  USD 209.1 million by 2024 according to a new
  research report by Global Market Insights, Inc.
  Diminished fertile farming land availability due
  to rapid industrialization has driven
  bionematicides market size significantly.
  Furthermore, crops are highly infested by
  nematodes owing to propel industry growth by
  2024. Strict environmental legislations favoring
  bio based and organic fertilizers over chemical
  will further complement growth. These bio
  fertilizers owing to its ability to improve yield
  laterally with being ecofriendly are appropriate
  for application.
• By 2050, global population might reach 9 billion,
  which will increase food demand. Consequently,
  this will increase yielding fertilizers, seed
  crop management demand to increase crop yield. In
  addition, rising consumer awareness and demand
  for food produced from organic or bio based
  fertilizers will boost bionematicides market
  share over the forecast timeframe. Also,
  agricultural trade is forecast to inflate in
  coming years, resulting in business growth. Slow
  product action on large pests along with little
  shell life may hinder bionematicide adoption. In
  addition, inadequate product variety for several
  crop may negatively impact bionematicides market
  size by 2024. Nevertheless, enduring RD towards
  biotic nematodes control is likely to boost the
  market for bioneaticides. Arkansas Fungus,
  Pochonia chlamydospora and Paecilomyces lilacinus
  are recognized as parasites of the nematodes egg
  stage.

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Continued...

• Rapid industrialization, resulting in reduced
  fertile agricultural land, was a key factor
  propelling bionematicides market growth in the
  past decade. In addition, high infestation by
  nematodes in crops and their increasing
  resistance to traditional methods will further
  drive industry growth. Stringent environmental
  regulations against chemical nematicides and
  yield losses likely to boost bionematicides
  demand and help counter the supply-demand gap in
  coming years. For instance, Uttar Pradesh, India
  faced tomato yield loss of approximately 30 and
  over 25 yield loss for potatoes.
• Global population is projected to surpass 9
  billion by 2050. Growing population will
  consequently drive food demand. This will boost
  effective land use with high yielding bio
  fertilizers, crop and seed management to meet
  increasing demand. Bionematicides owing to its
  capability to enhance crop yield along with being
  environmental friendly finds widespread
  application in farming. Furthermore, trade in
  agricultural commodities is will expand
  noticeably. For instance, net cereal imports into
  the developing countries including Sub Saharan
  Africa and Latin America, would rise by over
  three times to reach nearly 300 million tons by
  2050.

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U.S. Bionematicides Market size, by crop type,
2013-2024 (USD thousand)

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