Agricultural Bactericides Market Overview
Resultantly, the market for agricultural bactericides is
growing continually, witnessing increasing demand across the globe. Market
Research Future (MRFR), in its recent report on COVID-19 impacts on the global
agricultural bactericides market, states that the market is estimated to reach
USD 12.5 BN by 2030. In its COVID-19 analysis, MRFR also asserts that the
global agricultural bactericides market would register 4.1% CAGR during the
forecast period (2021 -2030).
With the increasing global population, demand for food is
growing. Subsequently, the burden to increase food production rises too.
However, crops are vulnerable to the attack of a variety of diseases and
changing climatic conditions. These diseases include many fungal infections
derived from dirt and rust, which can sufficiently affect crop yields and
agricultural output. These fungal diseases need to be controlled or eliminated
using chemical pesticides so as to yield increasing food grain production.
To control increasing fungal diseases and bacterial plant
pathogens, growers need quality fungicide-bactericide that can seamlessly
integrate into their pest management programs. Growing advances in formulating
technologies have made many innovative and robust solutions to enable growers
to protect their crops and grow better and healthier plants. These bactericides
come in powder and liquid form and can be administered to plants & crops by
sprinkling (powder), spraying, and via cell membrane disruption.
The rising trend of biodegradable, disinfecting, and
antimicrobial product development accelerates the growth of the agricultural
bactericides market. Besides, the emergence of several breakthrough
disinfecting technologies that help reduce exposure to toxic chemicals and
resistance-causing antibiotics drives the market growth. Substantial R&D
investments in developing core proprietary technologies and nanoemulsion
technology to harness the power of the antimicrobial activity in bactericides
bolster the size of the market.
Global Agricultural Bactericides Market - Competitive
Analysis
The agricultural bactericides market appears
well-established and highly competitive due to the presence of several large
and small-scale players. Mergers & acquisitions, brand reinforcement, and
product launches remain the key trends of these players to drive their share in
the market.
Major Players:
The global agricultural
bactericides key market players include Dow AgroSciences LLC (US), BASF SE
(Germany), Sumitomo Chemical Co., Ltd (Japan), FMC Corporation (US), Bayer
CropScience AG (Germany), Syngenta AG (Switzerland), Nippon Soda Co., Ltd.
(Japan), Nufarm Limited (Australia), Adama Agricultural Solutions Ltd.
(Israel), Greenchem Biotech (India), GM Biocides Private Limited (India), PI
Industries (India), American Vanguard Corporation (US), Aries Agro Ltd.
(India), and Biostadt India Limited (India), among others.
The Global Agricultural Bactericides Market: Segments
The agricultural bactericides market report is segmented
into four dynamics:
By
Type
: Copper-Based Bactericides, Amide Bactericides, Dithiocarbamate Bactericides,
and others.
By
Form
: Dry and Liquid.
By Crop Type : Fruits &
Vegetables, Cereals & Grains, Oilseeds & Pulses, and others.
By
Regions
: Americas, Europe, Asia Pacific, and Rest-of-the-World.
Global Agricultural Bactericides Market: Regional
Analysis
The Asia Pacific region dominates the global agricultural
bactericides market. The largest market share is attributed to the surging
demand for farm produce and increasing awareness among farmers about the
benefits of bactericides. Also, continually fluctuating weather conditions in
the region are crucial determinants driving the growth of the market. The
region attracts huge foreign investments due to its raw material advantages and
cost-competitive workforce. This results in increased production facilities in
the region.
The major country-level markets contributing significantly
to the growth of the regional market are India, China, and Japan. Besides, the
increasing production and consumption of biostimulants in the region foster the
growth of the regional market. Furthermore, the presence of several market
players, alongside the upcoming research activities to bring about value-added
agricultural products, stimulates the growth of the regional market. The APAC
agricultural bactericides market is expected to retain its leading position
over the global market throughout the forecast period.
North America stands second in the global agricultural
bactericides market. The market is driven by the high demand for bactericides
for specialty crops and commercial greenhouses. Moreover, the large production
and consumption potential of the region defines the growing landscape of the
market. Additionally, a higher inclination towards the usage of fungicides and
bactericides to control fungal and bacterial plant pathogens helps the market
garner substantial traction. The North American agricultural bactericides
market is estimated to register fabulous growth accruals over the assessment
period.
Europe accounts for a promising agricultural bactericides
market size globally. Factors such as the growing adoption of organic farming
and the increased demand for agricultural biopesticides in various European
countries boost regional market growth. Moreover, the rising demand for
biostimulants to improve the quality and quantity of crops in the region drives
the market's growth. The European agricultural bactericides market is projected
to grow at a phenomenal CAGR throughout the forecast period.
Industry/ Innovations/ Related News
March 05, 2020 ---- Two agrochemical companies Kemin Crop
Technologies (the US) and Laboratoire M2 (Canada), announced their
collaboration to distribute Thymox Control for pest regulation. The partnership
expands their commercial reach and offers a novel product like Thymox Control
to US growers, bringing botanical oil-based fungicide-bactericide. Kemin Crop
Technologies provides crop protection and crop health solutions. Laboratoire M2
is renowned for its innovation and expertise in disinfection and safety, such
as a thyme-oil-based biopesticideThymox Control.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
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