Bionematicides Market to Clock Value US$203.5 Mn by 2023, Demand Bolstered by Increasing Crop Infestation - TMR

News provided by

Feb 11, 2019, 06:00 ET

ALBANY, New York, Feb. 11, 2019 /PRNewswire/ --

The global bionematicides market has a highly fragmented vendor landscape, says Transparency Market Research, in a recently published report. BASF SE, Syngenta AG, Dow Agro Sciences LLC, Marrone Bio Innovations, FMC Corporation, and Valent BioSciences Corporation are the top companies working in the global bionematicides market.

A key strategy developed by players in the global bionematicides market to outshine their rivals is product improvement along with expanding manufacturing capacity. They are focusing hard on delivering highly efficient eco-friendly products and expanding manufacturing product portfolio to steal a march over competitors. Regulating costs with delivering quality services is a key strategy of most businesses present in the global bionematicides market.

Request a Sample of Global Bionematicides Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3441

According to experts from Transparency Market Research, the global bionematicides market is expected to gain revenue worth US$203.5 Mn by the end of 2023. Experts project this growth to occur at a promising CAGR of 4.2% during the forecast period from 2015 to 2023.

Among the various crops in the market, growing consumption of fruits and vegetables is expected to boost the global bionematicides market. This is because of the rising demand for exotic and tropical fruits and vegetables. Region wise, North America is expected to be leading the global bionematicides market in the coming years. This is attributed to a flourishing agriculture biotechnology in the region and also the rising acceptance of bio pesticides over chemical pesticides.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=3441

Rapid Emergence of Organic Agriculture Industry Stokes Demand in Bionematicides Market

Bionematicides are the biological substances which are widely utilized in the treatment of nematode infestation in crops. These are mainly produced by microorganisms such as fungi and bacteria and also inert materials. The bacterial and fungal spores in the bionematicides help in paralyzing and germinating the organism when is in contact. Bionematicides can be found in the form of powder and liquid. Such bio-based substance has the capability of improving the yield and quality of agricultural products. Such factors are driving the global bionematicides market. Apart from these, growing demand for food, coupled with burgeoning population, augments demand in the global bionematicides market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3441

Furthermore, apart from increasing crop production, bionematicides also help in their preservation. They are eco-friendly and considered as an ideal replacement of conventional chemical or synthetic pesticides. Rising use of biological, such as bio-fertilizers and bio-pesticides, increasing crop infestation especially by nematodes, and growing governments' initiatives in pest and disease management are factors fueling the global bionematicides market. In addition, rising government regulations against conventional nematicides is also boosting the market. Furthermore, rapid emergence of agriculture industry across the world is also boosting the global bionematicides market.

Low Activity of Bionematicides Hinders Global Bionematicides Market Growth

A few challenges hindering the growth of the global bionematicides market are low activity and limited efficacy of bionematicides, and high chances of getting affected by various environmental factors. Nonetheless, the persistent demand from the agriculture industry and growing adoption of bionematicides in farming are believed to help overcome these challenges in the near future.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/bionematicides-market.htm

The review is based on a market research report by TMR, titled, "Bionematicides Market (Crop - Cotton, Corn, Soybean, and Fruits & Vegetables (Leafy Vegetables, Tomato, and Pepper), Oil Crops, Cereals, and Pulses) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023".

The segmentation of global bionematicides market is based on:

Crop

Cotton
Corn
Soybean
Fruits & vegetables

Leafy vegetables
Tomato
Pepper
Banana
Potato
Citrus

Oil Crops
Cereals
Pulses

Browse Chemical and Materials Market Research Reports

Popular Research Reports by TMR:

Potassium Sulphate Market: https://www.transparencymarketresearch.com/potassium-sulphate-market.html
Biorational Pesticides Market: https://www.transparencymarketresearch.com/biorational-pesticides-market.html
Dicamba Herbicides Market: https://www.transparencymarketresearch.com/dicamba-herbicides-market.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
Research Blog: https://cmfenews.com/