Growing Awareness About Agriculture Bactericides Market And Related Conditions To Drive The Market Growth

A bacteriocide or bactericide, is a disinfectant, antibiotic or antiseptic that is used for killing bacteria. Bactericide is used for killing harmful bacteria while causing no harm to good bacteria. There are many commercially available bactericide that are used for outdoor and indoor plants.

Market Dynamics:-

Demand for food is increasingly due to increasing global population coupled with rising number of people suffering from food insecurity. For instance, according to the Ministry of Food Processing Industries and Government of India, the bakery market in India was valued at US$ 5,977 million in 2016, and is expected to exhibit at a CAGR of 10.98% during 2016-2020 to reach US$ 8,576 million by 2020. This is expected to increase demand for bactericide over the forecast period.

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Moreover, increasing demand for crop safety with improved soil health is expected to fuel growth of the agriculture bactericide market over the forecast period. Manufacturers are focusing on production of agricultural bactericide, according to the stringent norms enforced in different countries. Product manufacturing based on government rules and regulations are expected to generate growth opportunities for agricultural bactericide manufacturers during the forecast period.

Market Outlook:-

On the basis of mode of application, foliar feeding segment is expected to account for largest market share over the forecast period, owing to its advantages such as easy usage and high efficiency. Moreover, on the basis of nature, inorganic agricultural bactericide, is expected to be dominant in the agricultural bactericide market during the forecast period. Furthermore, increasing crop protection through improving productivity using bactericides is expected to drive growth of the global agricultural bactericide market during the forecast period.

Asia Pacific region is expected to be dominant in the global agricultural bactericide market over the forecast period, owing to vast agricultural sector outlook in India. For instance, according to a report published by India Brand Equity Foundation (IBEF) in September 2019, during 2017-18, food grain production is India was estimated to be 284.83 million tons. However, factors such as high cost of bactericides and crop failures due to overdose of bactericide is expected to hinder growth of agricultural bactericide market over the forecast period.

Key Players:-

Key manufacturers in the agricultural bactericide market include Bayer Crop Science AG, Syngenta AG, Biostadt India Limited, BASF SE, Nufarm Limited, Sumitomo Chemical Company, FMC Corporation, Adama Agricultural Solutions Ltd., Corporation, PI Industries, Aries Agro Ltd., American Vanguard, Coromandel International, and others.

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Market Taxonomy:-

On the basis of product type, the global agricultural bactericides market is segmented into:

Copper-based
Amide-based
Dithiocarbamate-based
Others
On the basis of form, the global agricultural bactericides market is segmented into:

Liquid
Powder
Gas
On the basis of nature, the global agricultural bactericides market is segmented into:

Organic
Inorganic
On the basis of mode of application, the global agricultural bactericides market is segmented into:

Foliar Feeding
Soil Treatment
On the basis of crop type, the global agricultural bactericides market is segmented into:

Food Crops
Plantation Crops
Cash Crops
Horticulture Crops

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This release was published on openPR.