Agriculture Bactericides Market Outlook
Agriculture bactericides are
widely used in the agricultural segment to restrict the bacterial infection on
the agricultural produce by inhibiting or killing the bacteria responsible for
the disease. Increasing demand for food grains coupled with shrinking
cultivable land is expected to drive the demand for agriculture bactericides
over the forecast period.
The amount of crop-loss due
to bacteria attack is increasing rapidly, which is a great concern among the
farmers and crop producers. Thus, the demand for the agriculture bactericides
has increased to a great extent due to adequate disease control support along
with an increase in the crop productivity. Additionally, rising demand for
organic fruits, vegetables, and cereals and pulses is projected to drive the
growth of the global Agriculture bactericides market over the
forecast period.
Moreover, increasing demand
for crop protectants is projected to drive the growth of the global agriculture
bactericides market. The market players are responding to these new
opportunities by expanding their service offerings/product lines, which has boosted
the share of the agriculture bactericides in the global market. The
agricultural bactericides. With a market size valued at USD 9.5 billion in 2022
, this sector is poised for significant growth, projected to reach USD 12.59
billion by 2030 according to a steady Compound Annual Growth Rate (CAGR) of
4.10%
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Downstream
analysis:
The global agriculture
bactericides market is segmented into type, application, and form.
On the basis of the type, it
is segmented into copper-based agriculture bactericides, dithiocarbonate
agriculture bactericides, amide agriculture bactericides, and others. Among
all, the copper-based agriculture bactericides segment is dominating the
market.
On the basis of the form, it
is segmented into powder, liquid, and others. The liquid form segment is
dominating market owing to its easy to use nature.
On the basis of the
application, the agriculture bactericides market is segmented into fruits and
vegetables, cereals & pulses, oilseeds & grains, and others. Among all
the applications, the fruits and vegetables segment is dominating the market.
Competitive
analysis:
The major players in the
agriculture bactericides market
- BASF SE (Germany)
- I. du Pont de Nemours and
Company (U.S.)
- Sumitomo Chemical Company,
Limited (Japan)
- The Dow Chemical Company
(U.S.)
- Bayer CropScience AG
(Germany)
- FMC Corporation (U.S.)
- Syngenta AG (Switzerland)
- Nufarm Limited (Australia)
- Nippon Soda Co., Ltd.
(Japan)
- Adama Agricultural
Solutions Ltd. (Israel)
Regional Analysis:
The global agriculture
bactericides market is segmented into North
America, Europe, Asia Pacific, and rest of the world (RoW). The European region
is dominating the agriculture bactericides market followed by North America.
The U.K and Germany account for a higher use of agriculture bactericides for
the protection of fruits and vegetables from bacteria owing to increasing
awareness about the benefits of using agriculture bactericides. Additionally,
high demand for organic fruits and vegetables from the farmers is considered to
be a key driving factor in this region.
Furthermore, increasing
consumer awareness and growing demand for organic fruits, vegetables, cereals,
and pulses has uplifted the demand for agriculture bactericides in the North
American countries like the U.S. and Canada, which is anticipated to boost the
growth of the agriculture bactericides market during the review period.
Market
Segmentation:
Agriculture bactericides
market is segmented on the basis of type, application, form, and region.
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