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Rising Demand for Organic Foods is Expected to Drive the Growth of the Nematicides Market

   January 4, 2024

Organic farming refers to growing crops without using pesticides and synthetic (chemical) fertilizers. In organic cultivation, biological pesticides such as bionematicides are used to enhance crop production. Biologicals are naturally occurring compounds/agents derived from animals, plants, and microorganisms such as bacteria, cyanobacteria, and microalgae. These compounds can control agricultural pests and pathogens. Products such as genes or metabolites from these biocontrol agents can prevent crop damage. Biologicals are eco-friendly and host-specific, providing a key advantage over their traditional (chemical) counterparts. The use of chemical-free alternatives has gained momentum due to consumers’ rising awareness about the use of chemicals in food production and the health hazards of chemical residues in food. These factors are expected to boost organic farming, increasing the adoption of biologicals such as bionematicides as a safe alternative to chemicals used for crop protection.

The global population is expected to reach 9.7 billion by 2050, a 24% increase over 2021 (Source: Population Reference Bureau). As the global population grows, the demand for food is also expected to increase, meaning that agriculture will become much more important in the future. Therefore, various modern agricultural practices are expected to be used to fulfill the growing food requirements of the global population.

Synthetic chemicals are widely used to enhance agricultural production. However, chemical residues in food can be harmful and may lead to diseases. As food safety has become a major concern, consumers increasingly prefer chemical residue-free produce. Organic food is grown using biological crop protection chemicals. Consuming organic food may reduce the risk of cancer, heart disease, stroke, allergies, obesity, and many more conditions.

Furthermore, several organizations are raising awareness about the negative effects of chemicals in food and promoting organic farming worldwide. In addition, various governments around the globe are undertaking initiatives to promote organic foods and organic cultivation. Therefore, there has been a drastic increase in the global consumption of organic foods and the global land area under organic cultivation.

According to FIBL-IFOAM 2023, as of 2022, organic agriculture was practiced in 191 countries, with around 76 million hectares of agricultural land managed organically by 3.7 million organic farmers. The organic farming industry is governed by strict standards, and products bearing organic labels must be produced without toxic pesticides, synthetic nitrogen fertilizers, antibiotics, synthetic hormones, and genetic engineering.

The global organic foods market reached USD 137.1 billion in 2020 from USD 17.9 billion in 2000 (Source: FiBL‐IFOAM‐SOEL‐ Surveys, 2021). This increase in the demand for organic foods is driven by consumers’ increasing health & environmental awareness.

Bionematicides play an important role in organic farming as they are less toxic than synthetic chemical pesticides and have a lower risk of resistance development. They can improve plant growth and health by stimulating beneficial microbes in the soil. Hence, the utilization of bionematicides in organic farming is expected to grow significantly in the coming years.

Thus, the rising demand for organic foods is expected to drive the growth of the nematicides market during the forecast period.

Meticulous Research®, in its latest publication on the Nematicides Market, states that the Nematicides Market is expected to reach $3.97 billion by 2031 at a CAGR of 9.3% during the forecast period of 2024 to 2031. In terms of volume, this market is projected to reach 201,413.3 tons by 2031, at a CAGR of 8.8% during the forecast period of 2024–2031.

Access Full Report Here @ https://www.meticulousresearch.com/product/nematicides-market-3687


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