Bionematicides Market Revenue, Opportunity, Segment and Key Trends 2016-2024 - PowerPoint PPT Presentation

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Bionematicides Market Revenue, Opportunity, Segment and Key Trends 2016-2024

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Bionematicides Market Size By Crop, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 – PowerPoint PPT presentation

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Title: Bionematicides Market Revenue, Opportunity, Segment and Key Trends 2016-2024


1
Bionematicides Market worth USD 209.1 Million by
2024
2
Key Insights Bionematicides Market
  • Bionematicides Market size is projected to touch
    USD 209.1 million by 2024 according to a new
    research report by Global Market Insights, Inc.
    Diminished fertile farming land availability due
    to rapid industrialization has driven
    bionematicides market size significantly.
    Furthermore, crops are highly infested by
    nematodes owing to propel industry growth by
    2024. Strict environmental legislations favoring
    bio based and organic fertilizers over chemical
    will further complement growth. These bio
    fertilizers owing to its ability to improve yield
    laterally with being ecofriendly are appropriate
    for application.
  • By 2050, global population might reach 9 billion,
    which will increase food demand. Consequently,
    this will increase yielding fertilizers, seed
    crop management demand to increase crop yield. In
    addition, rising consumer awareness and demand
    for food produced from organic or bio based
    fertilizers will boost bionematicides market
    share over the forecast timeframe. Also,
    agricultural trade is forecast to inflate in
    coming years, resulting in business growth. Slow
    product action on large pests along with little
    shell life may hinder bionematicide adoption. In
    addition, inadequate product variety for several
    crop may negatively impact bionematicides market
    size by 2024. Nevertheless, enduring RD towards
    biotic nematodes control is likely to boost the
    market for bioneaticides. Arkansas Fungus,
    Pochonia chlamydospora and Paecilomyces lilacinus
    are recognized as parasites of the nematodes egg
    stage.

3
Continued...
  • Rapid industrialization, resulting in reduced
    fertile agricultural land, was a key factor
    propelling bionematicides market growth in the
    past decade. In addition, high infestation by
    nematodes in crops and their increasing
    resistance to traditional methods will further
    drive industry growth. Stringent environmental
    regulations against chemical nematicides and
    yield losses likely to boost bionematicides
    demand and help counter the supply-demand gap in
    coming years. For instance, Uttar Pradesh, India
    faced tomato yield loss of approximately 30 and
    over 25 yield loss for potatoes.
  • Global population is projected to surpass 9
    billion by 2050. Growing population will
    consequently drive food demand. This will boost
    effective land use with high yielding bio
    fertilizers, crop and seed management to meet
    increasing demand. Bionematicides owing to its
    capability to enhance crop yield along with being
    environmental friendly finds widespread
    application in farming. Furthermore, trade in
    agricultural commodities is will expand
    noticeably. For instance, net cereal imports into
    the developing countries including Sub Saharan
    Africa and Latin America, would rise by over
    three times to reach nearly 300 million tons by
    2050.

4
U.S. Bionematicides Market size, by crop type,
2013-2024 (USD thousand)

5

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