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Published Date: 2015-08-10Number of Pages: 147

Bionematicides Market (Crop - Cotton, Corn, Soybean, and Fruits & Vegetables (Leafy Vegetables, Tomato, and Pepper)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Global Bionematicides Market: Snapshot

Owing to escalating population, the demand for food is forever incrementing. However, rapid urbanization is leading to reduction in arable land, which in turn is augmenting the demand for nematicides, a type of pesticide that eradicates parasites such as nematodes and helps in significantly increasing the crop production as well as preservation. Bionematicides, which are eco-friendly, have quickly grown as an ideal alternative against conventional synthetic pesticides, and are given appropriate support from several governments. 

Consequently, the demand in the global bionematicides market is expected to expand at a CAGR of 4.2% during the forecast period of 2015 to 2023, reaching a valuation of US$203.5 mn by the end of 2023, considerably up from its estimated valuation of US$140.5 mn in 2014. Apart from growing need to increase crop yield and government support, the bionematicides market is also favored by factors such as growth of biocontrol solutions, increasing use of biologicals such as biopesticides and biofertilizers. On the other hand, limited range and issues pertaining to the activity of bionematicides is expected to hinder the market from achieving its true potential in the near future. 

Fruits and Vegetables Remains Most Lucrative Segment

On the basis of crop type, the global bionematicides market is segment into cotton, soybean, corn, fruits and vegetables, and other including oil crops, pulses, and cereals. The fruits and vegetables segment is further sub-segmented into leafy vegetables, pepper, tomato, and ther fruits and vegetables such as potato, banana, and citrus. Among these, the fruits and vegetables segment currently serves the maximum demand, accounting for 25% share of demand in 2014, and is expected to remain most prominent throughout the forecast period, which is a reflection of increasing consumption of fruits and vegetables and growing demand for tropical and exotic fruits and vegetables, especially from the emerging economies across the world. The cotton and other crop segment is also anticipated to increment the demand in the near future. 

North America Continues to Serve Maximum Demand

Geographically, the report takes stock of all major regions including Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Currently, North America served 30% of the demand in the global bionematicides market, primarily gaining demand from the developed countries of the U.S. and Canada. This high demand from North America is a result of growing acceptance of biopesticides over chemical pesticides, increasing popularity of agriculture biotechnology such as yield enhances and microbe-based pest control, and stringent regulations against chemical pesticides in the U.S. Europe currently is the second most profitable region, although heavily populated region of Asia Pacific is expected to escalate the demand for bionematicides in the near future. 

The global bionematicides market reflects fragmented competitive landscape, wherein leading companies are challenged by the presence of several local vendors who provide cheaper products. In 2015, top five players managed only 55% of the market shares, while the rest of the pie was distributed among regional vendors. Some of the key players in the global bionematicides market are Dow AgroSciences LLC, Monsanto Company, BASF SE, Bayer CropScience AG, Valent BioSciences Corporation, Syngenta AG, FMC Corporation, Certis USA LLC, Novozymes, and Marrone Bio Innovations, Inc.

 
Bionematicides is a formulation of bacterial and fungal spores to control crop infestation by nematodes. Nematodes infect almost all the crops sown across the globe, thereby affecting the crop yield. The biological method of controlling nematodes is advantageous as they do not affect the environment by remaining in the soil for a long time. Bionematicides are available in liquid and powder form to be used for soil application and drip irrigation. 
 
This report covers the estimates and forecast of the bionematicides market on a global, regional, and country level. The report includes an estimation of the demand for bionematicides in 2014 and forecast for the period from 2015 to 2023 in terms of volume (Kilograms) and revenue (US$ Thousand) for markets on the country, regional, and global basis. 
 
The study provides a decisive view of the bionematicides market by segmenting it on the basis of crop types and regional demand. Crop segments have been analyzed based on current trends and future potential, and the market has been forecast for the period from 2014 to 2023 in terms of volume (Kilograms) and revenue (US$ Thousand). Regional segmentation includes the current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and the Middle East & Africa. These have been further sub-segmented into countries and regions with regards to the market. The segmentation also includes demand for individual crop types in all countries and regions.
 
The study analyzes the various factors driving growth of the bionematicides market. It also includes the restraining factors of the market. A detailed analysis of the impact of these drivers and restraints during the forecast period has been included. Furthermore, the report evaluates the opportunities available in the market at the global and regional level. The report also includes a value chain analysis to provide value addition at each stage and understand the industry thoroughly. Value chain analysis comprises a detailed evaluation of the role of various players involved in the bionematicides market, ranging from raw material suppliers and research institutes to end-users. 
 
The study also analyzes the market with the help of Porter’s Five Forces model in order to determine the impact of various factors such as degree of competition, bargaining power of suppliers, threat of substitutes, bargaining power of buyers, and threat of new entrants during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Furthermore, the report comprises market attractiveness analysis which analyzes regions that are expected to be lucrative during the forecast period based on their market size and growth rate. Market attractiveness has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
 
The bionematicides market has been segmented based on crop types which include cotton, corn, soybean, fruits & vegetables, and others. The fruits & vegetables segment is further bifurcated into: leafy vegetables, tomato, pepper, and other fruits & vegetables. Detailed analysis of all segments in the regional and global markets, and forecast based on current and future trends of the industry in terms of volume (Kilograms) and revenue (US$ Thousand) has been included in the report. Geographically, the market has been segmented into: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Demand for bionematicides in various crop segments in these regions has been analyzed and forecasted for a period of eight years. 
 
We have used a combination of primary and secondary research in order to determine the market estimates and forecast. Secondary research sources that were typically referred to include, but were not limited to company websites, independent studies, technical journals, annual reports, trade magazines, financial reports, and SEC filings. Other information sources such as internal and external proprietary databases, government documents, statistical databases and market reports, company’s news articles, industry-specific magazines, and webcasts specific to the companies operating in the market have also been referred in the report.
 
The report also covers the profiles of leading companies in the global bionematicides market. Companies profiled in the report include Bayer CropScience AG, BASF SE, Monsanto Company, Syngenta AG, Novozymes, Certis USA LLC, Dow AgroSciences LLC, FMC Corporation, Marrone Bio Innovations, Inc. and Valent BioSciences Corporation. Various attributes of these companies such as company overview, financial overview, business strategies, recent developments, new product launches, expansion, alliances, and partnerships constitute the company profiles section.
 
The report segments the global bionematicides market as follows:
 
Bionematicides Market - Crop Analysis
  • Cotton
  • Corn
  • Soybean
  • Fruits & vegetables
    • Leafy vegetables
    • Tomato
    • Pepper
    • ther fruits & vegetables (Including banana, potato, citrus, etc.)
  • Others (Including oil crops, cereals, pulses, etc.)
Bionematicides - Regional Analysis
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA


 
 
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