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Bionematicides Market Overview 2019, Industry Trends, Growth Opportunities, and Forecast Report

Author : Rahul Sankrityayan | Published Date : 2019-06-17 

Global Market Insights, Inc. has launched a report on Bionematicides Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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 R&D 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. As a result, two biocontrol products are presented for nematode control on cotton, namely Linnaeus and Gossypium hirsutum.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/783

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.

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.

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Bionematicides market for soybean should exceed USD 14.5 million over the forecast timeframe.

U.S. bionematicides market was dominant regional industry and accounted more than 30% of global volume. The regional growth was mainly propelled increasing bio pesticides preference over chemicals. For instance, the Department of Environmental Toxicology (U.S.) puts emphasis on bio pesticides for crop protection.

Global Bionematicides Type Analysis:

  • Cotton
  • Corn
  • Soybean
  • Fruits & Vegetables
    • Leafy Vegetables
    • Tomato
    • Pepper
    • Others
  • Others

Asia Pacific, led by China, India and Japan bionematicides market was valued more than USD 23 million. Rapid industrialization, demographic shifts, overpopulation, affordability, sustainability, environmental concerns and climate change are vital factors propelling bionematicides market. Furthermore, farming is one amongst the predominant economic contributor of Asian countries and is also reinforced by the government organization in the form loan and subsidies for promoting sustainable farming.

Global bionematicides market share is fairly consolidated with five major players accounting more than 50% of global volume. Major industry participants are BASF SE, Dow AgroSciences, Monsanto Company, Bayer CropScience, Syngenta AG, LAM International and Marrone Bio Innovations.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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