Bactericides Market Will Reflect Significant Growth Prospects during 2018 to 2028

Global Bactericides Market- Overview

The pesticide industry has witnessed significant transformation in the past few years, in terms of methods used for crop protection. The surge in demand for food, fueled by the increasing population has resulted in the ever-increasing strain on the agricultural sector. In countries with high population growth, there is a threat to people from food insecurity. Food security is one of the key factors driving the growth of global bactericides market during the forecast period. Bactericide is a chemical that kills and prevents the growth of agricultural bacteria. Change in climatic conditions is one of the key contributors to the increase in lifespan of bacteria, which in turn is expected to generate more demand for bactericides. In addition to bacteria, insects and nutrient levels of soil etc. also affect the growth of crops. Moreover, growing awareness towards health and food security are also contributing to the growth of bactericides market globally.

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Global Bactericides Market- Segmentation

The global market for bactericides has been segmented on the basis of form, application, and crop type.

On the basis of form, global bactericides market has been segmented as:

Liquid
Powder
Gas

On the basis of application, global bactericides market has been segmented as:

Foliar Feeding
Soil Treatment

Foliar feeding is one of the common application of bactericides. Overuse of bactericides results in the reduction of nutrient levels. Soil treatment is done to regain its nutrients.

On the basis of crop type, global bactericides market has been segmented as:

Food Crops (wheat, rice, maize, millets, barley etc.)
Plantation Crops (coffee, tea, rubber etc.)
Cash Crops (tobacco, sugarcane, cotton, oilseeds etc.)
Horticulture Crops (fruits and vegetables)

Global Bactericides Market- Drivers & Restraints

The bactericides market has been segmented on the basis of crop type. Among crop type, food crop is expected to remain dominant during the forecast period owing to its growing demand as a result of an increase in population globally. Recently, the focus of agriculture industry has shifted towards the security of crops from bacteria. Farmers around the globe need to increase crop production, by improving productivity on existing agricultural lands by using bactericides to kill bacteria. Bactericides prevent crops from bacteria, fungi etc. Increasing awareness regarding health has resulted in burgeoning demand for food and horticulture crops, which has led to creation of opportunities for global bactericides market. Application of bactericides provides better crop yield and distribution of obtained output. Development of non-toxic and safe alternatives such as bio-farming is restraining the bactericides market. Factors mentioned above are expected to bolster the growth of global bactericides market during the forecast period.

Despite the positive outlook, there are factors which might hamper the growth of the market for bactericides. One of the factors is the stringent government rules and regulations against environmental pollution. The overuse of bactericides affects nutrient levels of soil which ultimately reduces the fertility of land and also affects the quality of crops. Another factor is the high cost of bactericides, which renders them unaffordable for farmers.

Global Bactericides Market: Regional Outlook

Globally, the bactericides market has been divided into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, Asia Pacific region, with a major chunk of its revenue generation from agriculture & allied sector is expected to dominate the global bactericides market. Countries such as China and India are expected to spearhead the global bactericides market.

Global Bactericides Market: Key Players

Following are some of the key market players operating in the global bactericides market- Syngenta AG, BASF SE, Sumitomo Chemical Company, Limited, Bayer Crop Science AG, Nufarm Limited, FMC Corporation, Adama Agricultural Solutions Ltd., American Vanguard Corporation, PI Industries, Aries Agro Ltd., Biostadt India Limited, Fmc Corporation, Coromandel International etc. Moreover, many local and unorganized market players are also expected to contribute to the global bactericides market.

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