PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400976
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400976
Asia Pacific Bionematicides Market size was valued at USD 53.5 Million in 2022, expanding at a CAGR of 17.5% from 2023 to 2030.
Bacteria, fungus, and other inert materials are the main microorganisms that produce bio nematicides. Bio nematicides can be applied to plants at any stage of their life cycles and are available in both liquid and dry forms. Before planting is when bio nematicides work best. Bio nematicides safeguard soil and crops in an environmentally sustainable manner without compromising soil fertility or crop quality.
Bionematicides Market- Market Dynamics
Increasing adoption of agricultural biological products is expected to propel market demand
The bionematicides market continues to grow as crop production rises in developing countries such as China, and India. Crops are heavily infested by nematodes; biocontrol seed treatment alternatives are developing quickly; fertile land is becoming less available; sustainability measures are being implemented; agricultural biological products are being used more frequently; and integrated pest management techniques are being used more frequently. Growing industrialization is influencing agriculture by decreasing soil fertility and crop quality. Bionematicides are therefore being used more often to preserve crops, suggesting future growth for the bionematicides market. Furthermore, adding more microbes to crops improves crop quality and provides organic nutrients, all of which help the bionematicides industry to grow. The application of bionematicides in crops could satisfy consumer demand for organic and fresh veggies. Thus, customers have increased the use of bionematicides significantly.
Bionematicides Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 17.5% over the forecast period (2023-2030)
Based on Type segmentation, microbial segment was predicted to show maximum market share in the year 2022, growing usage of microorganisms in crop and the wide availability of crops are boosting the market growth.
Based on Form segmentation, dry segment was the leading market in 2022, due to high demand for dry biodegradable products.
Based on Application segmentation, seed treatment was the leading market in 2022, due to increasing demand for enhancing crop quality.
Based on country, India held significant revenue share in 2022 mainly due to the growing demand for natural and organic products form agricultural sector.
The Asia Pacific Bionematicides Market is segmented on the basis of Type, Form, Application, and Region.
The market is divided into two categories based on Type: microbial and biochemical. The microbial segment dominates the market. The high utilization of agricultural biological product is accelerating the market growth.
The market is divided into two categories based on Form: dry and liquid. The dry form dominates the market and is likely to maintain its dominance during the forecast period. The high demand for dry bio nematicides especially agriculture farming and crop production is driving the market growth.
The market is divided into four categories based on Application: seed treatment, soil treatment, foliar sprays, and others. Seed treatment segment held the largest share in 2022. The segment is expected to witness significant growth owing to rising emphasis on seed treatment for higher crop yield is contributing to segment growth.
Bionematicides Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region. India is expected to lead the market over the forecast period. The demand for organic products, including fruits and vegetables, has been rising in India. Bionematicides are often preferred in organic farming systems as they provide a natural and eco-friendly approach to nematode control.
The Asia-Pacific Bionematicides market is very heavily fragmented in nature. The consumers in Asia-Pacific are becoming more aware of the advantages of consuming organic and ecologically friendly foods, the region is contributing a significant value share to the global market for baby formula. But over the projected period, the Asia Pacific market for bionematicides is growing at the fastest rate in South and East Asia. Market participants are creating new biochemical goods because of technological developments in the agriculture industry and the ban on chemical fertilizers.
In September 2023, ReklemelTM active, a novel nematicide from Corteva, assists in reducing the harm that plant-parasitic nematodes inflict without upsetting the delicate balance of beneficial soil organisms. After over ten years of research and development, Corteva discovered and created Reklemel Active.
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC BIONEMATICIDES MARKET KEY PLAYERS
Syngenta
Bayer Group
Valent BioSciences
Marrone Bio Innovations
Protection AG
Corteva Agriscience
Monsanto Company
BASF SE
Adama
FMC Corporation
DowAgrosciences
Nufarm
Others
ASIA PACIFIC BIONEMATICIDES MARKET, BY TYPE
Plant
Animal
ASIA PACIFIC BIONEMATICIDES MARKET, BY FORM
Dry
Liquid
ASIA PACIFIC BIONEMATICIDES MARKET, BY APPLICATION
Sports nutrition
Dietary supplements
Food products
Others
ASIA PACIFIC BIONEMATICIDES MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC