DUBLIN--(BUSINESS WIRE)--The "Global Bionematicides - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global market size for bionematicides accounts for USD 287 Billion in 2020 and it is projected to reach a value of around USD 1,078 billion by 2028. The CAGR is estimated to be around 18% during the forecast period 2020-2028.
The raw materials used for manufacturing bionematicides are easily available because of which the cost incurred during production is low. Moreover, as compared to agrochemicals, bionematicides do not pose any environmental threats because of which they serve as a popular choice in crop protection programs. The effectiveness of this product in addition to the low production cost and the environmental benefits accelerate the market growth positively.
Adoption of biologicals, the increasing growth of the biological control seed treatment solutions, and the use of integrated pest management techniques are some of the main driving factors for this market. IPM offers both economic and ecological agronomic solutions that strike a balance between environmental and Bionematicides must adhere to the biosafety regulations because of which production, commercialization, and development of such products can be difficult. Moreover, microbial bionematicide has a relatively low shelf life as compared to chemical pesticides which act as a restraint in the growth of the market.
To provide strategic analysis for the change in market trends this market is segmented based on by type, mode of application and region. Moreover, the Bionematicides market is highly reliant on vertical integration, therefore the end-user applications in this sector and their impacts on the current market share have been accounted for.
Based on the mode of application, the soil treatment mode holds the largest market. Soil treatment supports an adequate supply of nutrients to germinating seeds thereby yielding quality organic crops. It also promotes seed germination and it enables faster plant growth hereafter improving both crop quality and quantity. Additionally, it is seen that the increasing demand for organically grown fruits and vegetables propels the market for bionematicides due to rising cases of crop infestation.
NA is the global leader for bionematicides, due to technological advancement in the agriculture sector followed by Europe which has large agricultural landscapes yet to be capitalised. The APAC market is the fastest-growing segment owing to increasing agricultural activities and government regulations that promote the growth of organic farming methods.
Key Topics Covered:
1 Introduction
1.1 Objective
1.2 Market definition
1.3 Methodology
1.4 Events based Forecast Scenario
1.5 Who will benefit from this report
1.5.1 Business Leaders & Business Developers
1.6 Language
1.7 Opportunity Alerts
2 Executive Summary
2.1 Global Bionematicides Market Trends and Insights
2.2 Major Findings
2.3 Major Conclusions
2.4 Important Tables and Graphs
3 Current Market Overview of the Global Bionematicides Market
4 Current Technology Trends in the Global Bionematicides
5 Market Segmentation
5.1 By Type
5.2 By Region
5.3 By Mode of Application
6 Market Analysis
6.1 Introduction
6.2 Porter's 5 Forces Analysis
6.3 PEST
6.4 Market Dynamics
6.4.1 Drivers
6.4.2 Restraints
6.4.3 Challenges
6.5 Country Analysis
7 Forecast Global Bionematicides Market by Type to 2028
7.1 Introduction
7.2 Global Bionematicides Market by Type overview
7.3 Global Bionematicides Market By Type (By Mode of Application)
7.3.1 Microbials
7.3.3 Biochemicals
8 Forecast Global Bionematicides Market by Region to 2028
8.1 Introduction
8.2 Global Bionematicides Market by Region overview
8.3 Global Bionematicides Market By Region (By Type)
8.3.1 North America
8.3.2 Europe
8.3.1 APAC
8.3.2 Middle East
8.3.1 Rest of the World
9 Forecast Global Bionematicide Market by Mode of Application to 2028
9.1 Introduction
9.2 Global Bionematicide Market by Mode of Application
9.3 Global Bionematicide Market By Mode of Application (By Crop Type)
9.3.1 Foliar Sprays
9.3.2 Seed Treatment
9.3.3 Soil Treatment
9.3.4 Others
10 Opportunity Analysis Global Nematicide Market
11 Events based forecast for the Global Bionematicide Market to 2028
11.1 Introduction
11.2 Events forecast factors
11.3 Global Market
12 Corona Impact
13 Conclusions and recommendations
14 Company Profiles
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