Global Bionematicides Market - 2023-20230

Global Bionematicides Market - 2023-20230

Global Bionematicides Market reached US$ 226.7 million in 2022 and is expected to reach US$ 726.4 million by 2030, growing with a CAGR of 15.6% during the forecast period 2023-2030.

There is a strong focus on sustainability and reducing the environmental impact of agriculture. Bionematicides, being more environmentally friendly, are gaining traction as a sustainable alternative to chemical nematicides. Due to this growing demand, manufacturers are developing a wide range of products and expanding the bionemticides market. In July 2023, Syngenta, an agriculture company, introduced CERTANO biological solution and Cropwise digital technology to tackle nematodes, moths, and diseases in sugarcane fields.

Governments and regulatory bodies are imposing stricter regulations on the use of chemical pesticides. Bionematicides, with their lower toxicity and reduced environmental impact, are finding favor as compliant alternatives. Plant-parasitic nematodes are developing resistance to chemical nematicides. Bionematicides provide a valuable tool to manage nematodes effectively, especially when chemical options become less effective.

Soil treatment holds a significant share of the bionematicides market due to its direct targeting of nematodes at the root level. North America held a significant share of the bionematicides market due to its increasing focus on sustainable and eco-friendly agriculture. In September 2021, Marrone Bio Innovations, Inc. declared submitting MBI-306, its next-generation nematicide/insecticide, to regulatory authorities in the United States. Additionally, the company declared that it was in the final stages of submitting MBI-206, a widely used bionematicide seed treatment that is applied on over 10 million acres in the United States.

Dynamics

Growing Cropp Loss due to Nematode

Nematodes are responsible for substantial crop yield losses worldwide. According to the All India Coordinated Research Project (AICRP) on Nematodes in Cropping Systems, Plant-parasitic nematodes result in 21.3% of crop losses each year, amounting to Rs. 102,039.79 million (1.58 billion USD). Nematodes feed on plant roots, causing stunted growth, reduced nutrient uptake, and ultimately decreased crop yields. Farmers facing nematode infestations are actively seeking effective solutions to mitigate these losses.

Traditional chemical nematicides can have negative environmental and health impacts. The shift towards more sustainable and eco-friendly agricultural practices has made bionematicides an attractive choice. Bionematicides offer a more sustainable alternative because they are generally considered safer for the environment. They break down more rapidly and have lower toxicity to non-target organisms, reducing the overall environmental impact.

Rising Demand for Organic Food Products

According to FiBL, in 2021, organic retail sales climbed by 4 billion euros and reached nearly 125 billion euros. Consumers are increasingly seeking organic food products due to concerns about pesticide residues on conventional crops. They prefer products that are grown without synthetic chemical pesticides. As a result, the demand for organic food products has risen, driving the need for organic pest control solutions like bionematicides.

To meet organic certification standards, organic farmers must use approved organic pest control methods. Bionematicides are considered compliant with organic farming practices, making them a natural choice for organic farmers looking to manage nematode infestations while maintaining their organic status.

Slow Speed of Action and Short Shelf Life

Bionematicides, which typically consist of living organisms or natural compounds, do not provide immediate control of nematodes, rather it takes longer to act than synthetic nematicides. This delay in action can be a drawback, especially in situations where rapid nematode population growth threatens crop yields. Farmers may prefer chemical nematicides that offer quicker results.

Bionematicides often have shorter shelf lives compared to synthetic chemical nematicides. This limited shelf life can pose logistical challenges for manufacturers, distributors, and retailers. It may require special storage conditions, and the risk of product expiration can lead to wasted inventory.

Segment Analysis

The global bionematicides market is segmented based on type, form, crop, infestation, mode of application and region.

Soil Treatment Held the Highest Share in the Bionematicides Market

Soil treatment as a mode of application in bionematicides promotes numerous agricultural benefits. It enhances seed germination, accelerates plant growth, optimizes moisture and nutrient utilization, and ultimately leads to increased crop yields. This approach significantly contributes to the highest share in the bionematicides market.

Soil treatment allows bionematicides to be applied directly to the root zone where nematodes primarily reside and cause damage. This direct targeting increases the efficacy of bionematicides in controlling nematode populations. In January 2022, Certis Biologicals, a pioneer in the development of biological pesticides, announced the launch of its new bionematicide, MeloCon LC. MeloCon LC enables late-season nematode control by being applied up to 14 days before planting, during the growth season, and at planting.

Geographical Penetration

North America’s Growing Focus on Sustainability

North America is increasingly recognizing the significance of sustainable and eco-friendly agricultural practices. In this context, bionematicides have gained prominence as a greener alternative to chemical nematicides, in line with the region's sustainability objectives.

The region has seen substantial investments in research and development related to bionematicides, resulting in the introduction of more effective and reliable products. In August 2023, Indigo Ag, a provider of sustainable agriculture solutions, declared the launch of Biotrinsic Z15, the company’s first bionematicide for the U.S. market. Biotrinsic Z15 for soybean and maize is an extension of the business's biological inventions.

Competitive Landscape

The major global players include FMC Corporation, Corteva, Agri Life, Certis USA L.L.C., Pro Farm Group Inc, T.Stanes and Company Limited, Valent BioSciences, Crop IQ Technology Ltd, Biotech International Limited, KILPEST INDIA LTD

COVID-19 Impact Analysis

COVID Impact

The pandemic increased awareness of the importance of sustainable and resilient food systems. This shift in mindset favored the adoption of bionematicides as a more sustainable and environmentally friendly pest control solution. Consumer demand for organic and pesticide-free produce grew during the pandemic. Bionematicides, being compatible with organic farming, gained traction as a means of meeting this demand.

However, the pandemic disrupted supply chains, causing delays in the production and distribution of agricultural inputs, including bionematicides. Lockdowns, travel restrictions, and labor shortages affected the availability of these products. Many farmers faced challenges in accessing markets due to lockdowns and social distancing measures. This limited their ability to purchase and use bionematicides.

Russia- Ukraine War Impact

The conflict disrupted transportation routes and supply chains in the region, and it affected the availability of bionematicides, especially where key production or distribution facilities are located in the affected areas. Geopolitical instability due to the war impacted the economic stability of the countries involved and neighboring regions. This led to fluctuations in currency exchange rates and overall market uncertainty, affecting the cost and availability of agricultural inputs like bionematicides.

Economic sanctions impacted the country's ability to import agricultural products like biopesticides and seeds. The war affected the agricultural activities in the region. As a result, there is a reduced demand for various agricultural inputs including bionematicides in the region which impacted its market growth.

By Type
• Microbials
• Biochemicals

By Form
• Dry
• Liquid

By Crop
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Infestation
• Root-Knot Nematodes
• Cyst Nematodes
• Lesion Nematodes
• Others

By Mode of Application
• Seed Treatment
• Soil Treatment
• Foliar Spray
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In December 2022, Corteva Agriscience, an American agricultural chemical and seed company, introduced Lumialza, a biological nematicide for seed treatment in Brazil. Lumialza contains a naturally occurring organism, Bacillus amyloliquefaciens bacteria (strain PTA-4838). This organism colonises the root region and forms a biological barrier against a variety of dangerous nematodes.
• In August 2021, Sumitomo Chemical introduced Aveo in Brazil. It is a novel biological method of treating seeds to combat nematodes.
• In October 2022, Holganix, a biotechnology company, declared that it had been granted a US patent (US 11,447,427 B2) for a new microbial bionematicide technology.
• In December 2021, BASF SE, a manufacturer of chemicals, plastics, crop protection products, etc. introduced its first bionematicide under the Votivo Prime trade name.

Why Purchase the Report?
• To visualize the global bionematicides market segmentation based on type, form, crop, infestation, mode of application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Bionematicides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global bionematicides market report would provide approximately 77 tables, 78 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies