Bio nematicide is a kind of bio pesticide use to avert and treat nematode plague in crops. Bio nematicides consist of the spores of bacteria or fungus and inert material. Inert material can include plant or animal extracts. The modus operandi of bio nematicides normally involves the infectivity and paralysis of nematodes. Bio nematicides generally act at all life stages of the nematode cycle; however, their application at a pre-plantation stage is considered to be the most effective. Global bio nematicides market is expected to grow at a CAGR of 6.1% during 2016 to 2022.
The high level of harvest infestation by nematodes is projected to drive growth of the bio nematicides market. Worldwide, the main challenge is to make sure food security and feed the growing human population. The worldwide population is projected to increase by 35 percent in 2050 and taking into consideration the present and projected future condition of the growing population and food demand, considerable improvement are required in terms of well-organized use of resources. Best possible pest and infection management would be necessary to increase the resource efficiency. Nematode is a category of pest that infects about all crops including fruits & vegetables. More than 4,000 types of nematodes has been recognized and new species are still being identified globally. Because of the high infestation by nematodes, food protection has emerged as a key concern for the human population. In addition, severe environmental guidelines by government agencies in the usage of compound nematicides are expected to additional boost the demand for bio nematicides. Chemically made nematicides are being used for the last many years now; though, they are facing a patterned time out due to their toxicity and unfavorable impact on the environment. This fact is likely to increase the demand for bio nematicides in the future years
Bio nematicides contain naturally happening or adapted bacterial and fungus spores. Issues related to bio nematicides such as slow speed of action on target pests and low shelf life and limited spectrum of action are expected to hinder the market growth. Growing of the organic agriculture industry due to shifting consumer preference in developed and developing countries and constant R&D activities, product launches, and developments is anticipated to be an vital opportunity for the bio nematicides market. Moreover, expansion of broad-spectrum bio nematicides will help the bio nematicides market to grow in the future years.
Global bio nematicides market is segmented on the basis of by type, infestation, crop type, form and its application. On the basis of type market is classified into microbial and bio chemicals bio nematicides. Microbial further sub segmented into Paecilomyces lilacinus and bacillus firmus. The bio nematicides market based on infestation segmented into root-knot nematodes, cyst nematodes, lesion nematodes and others infestation. The bio nematicides market based on crop type is segmented into oilseeds & pulses, fruits & vegetables, cereals & grains, and rest crops. The other rest crops section includes sugar beet, cotton, and others. The segment of fruits & vegetables accounted for the largest market in the bio nematicides market in 2015. Organic fruits & vegetables demand is increasing worldwide and this has lead to the demand for bio pesticides which holds a optimistic market position for bio nematicides. On the basis of by form market is segmented into liquid bio nematicides and dry bio nematicides. The global bio nematicides market, based on application, is segmented into soil treatment, foliar sprays and other applications. In the application segment soil treatment accounted for the largest share in the bio nematicides market. The soil treatment application enables quicker plant growth, provides more capable use of moisture promote seed germination, and nutrients thus improving crop yields are the factors driving the growth of soil treatment application.
Geographically bio nematicides market is segmented into four broad regions that are North America, Europe, Asia pacific and RoW. North America leaded the global bio nematicides market with a share of more than 30 percent in 2014. This region is likely to continue its control the market in the next few years then followed by Europe and Asia Pacific in terms of the demand for bio nematicides in 2014. Asia Pacific region is expected to be the fastest growing region in the near future, due to the growing acceptance of bio pesticides and organic agriculture in the rising economies of India and China. Latin America held an important share of the global bio nematicides market in 2015. However, the region is projected to grow at a moderate rate in the next few years.
The global bio nematicides market is fairly fragmented in nature and the top five players constituted more than 50 percent share in 2014. Key players in the bio nematicides market include, Dow Agro Sciences LLC, FMC Corporation, BASF SE, Bayer Crop Science AG, Monsanto Company, Syngenta AG, Certis USA L.L.C, Marrone Bio Innovations, Inc., and Valent Bio Sciences Corporation. Company has taken many initiatives to capture more market share. In a strategic move on September 2016 Monsanto announces $1.6 Million investment in developing of new system to help agriculture quantify greenhouse gas reductions and development for new technology from higher yield can be generated.