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 market. Besides, the emergence of several breakthrough disinfecting technologies that help reduce exposure to toxic chemicals and resistance-causing antibiotics drives the growth of the agricultural bactericides market outlook. Substantial RD investments in developing core proprietary technologies and nano emulsion 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:
Players leading the global agricultural bactericides market 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 outlook 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. Throughout the forecast period, APAC agricultural bactericides market insights are expected to maintain their lead over the global market.
North America stands second in the global agricultural bactericides market share. 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.
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