The global bionematicides market has grown steadily in the last few years. The market size is projected to reach USD 337.2 Million by 2021, at a CAGR of around 17.4% from 2016 to 2021. Sustainability environmental initiatives along with the adoption of biologicals, the increasing growth of the biological control seed treatment solutions, and the utilization of integrated pest management techniques are some of the major driving factors for this market.

The bionematicides market based on crop type is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and rest crops. Therest crops segment includes sugarbeet, cotton, and others. Fruits & vegetables accounted for the largest market in the bionematicides market in 2015. The demand for organic fruits & vegetables is increasing worldwide and this has led to the demand for biopesticides which holds a positive market outlook for bionematicides.

The bionematicides market, based on mode of application, is segmented into seed treatment, soil treatment, foliar sprays, and other applications. Soil treatment mode of application accounted for the largest share in the bionematicides market. The soil treatment mode of application promotes seed germination, enables faster plant growth, provides more efficient use of moisture and nutrients thus improving crop yields which is one of the factors driving the growth of soil treatment application.

The bionematicides market in Europe is projected to grow at the highest CAGR during the forecast period. this region has large agricultural lands which produce fruits & vegetables on a large scale. Furthermore, the demand for organic products is increasing in the region which gives a market scope for the growth of the market.

Slow speed of action on large pests and low shelf life along with barriers in the adoption of bionematicides are the restraints of this product. Microbial bionematicide have a relatively low shelf life and cannot be stored for long time as compared to chemical pesticides which acts as a limitation in the growth of the market.

The bionematicides market is characterized by low competition due to low product differentiation and high adoption barriers. New product launches, Expansions, and mergers & acquisitions are the key strategies adopted by these players to ensure their growth in the market. The market is dominated by players such as Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Marrone Bio Innovations, Inc. (U.S.), T. Stanes & Company Limited (India), and Valent BioSciences Corporation (U.S.).

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