Worldwide COVID-19 Pandemic Impact on Agricultural Bactericides Application Market Growth Opportunities, Industry Analysis, Forecast To 2024
Agricultural Bactericides Market Synopsis
Agricultural Bactericides are a group of pesticides used to fight bacterial and fungal infections in crops. The global Agricultural Bactericides Application Market is expected to garner a revenue of USD 12.5 billion by 2024 with a CAGR of 4.1% during the forecast period of 2019–2024.
With the change in climate, there has been a noticeable increase in the pest life cycle which is one of the major factors driving the Agriculture Bactericides Market both in developed and developing countries. The increasing population has escalated the demand for crop production. This has resulted in the demand for food security and crop damage caused by the bacteria, thereby propelling the market growth during the assessment period. Moreover, the growing demand for crop protectants from bacterial infection is estimated to foster the market growth at a global level. Also, acceptance of integrated pest management (IPM) by the crop cultivators is further fueling the market growth.
Competitive Dashboard
The major players operating the global market for agriculture bactericides are- BASF SE (Germany), Dow AgroSciences LLC (US), Sumitomo Chemical Co., Ltd (Japan), Bayer CropScience AG (Germany), FMC Corporation (US), Syngenta AG (Switzerland), Nufarm Limited (Australia), Nippon Soda Co., Ltd. (Japan), Adama Agricultural Solutions Ltd. (Israel), G.M. Biocides Private Limited (India), GREENCHEM BIOTECH (India), American Vanguard Corporation (US), PI Industries (India), Aries Agro Ltd. (India), and Biostadt India Limited (India) are some of the key players in the global agricultural bactericides market.
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Regional Insights
The Agriculture Bactericides Market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the European region is considered to dominate the global agriculture bactericides market owing to the increasing demand for organic fruits and vegetables from the farmers. Also, Germany and the U.K. accounts for the high use of bactericides for the protection of fruits and vegetables from bacteria due to rising awareness associated with the benefits of using bactericides.
The North American region is estimated to exhibit a significant growth owing to the growing consumer awareness and demand for organic fruits, cereals, vegetables, and pulses in countries such as Canada and the U.S.
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Segmentation
The global agricultural bactericides market has been segmented based on type, form, crop type, and region.
By type, the global agricultural bactericides market has been classified as copper-based bactericides, amide bactericides, dithiocarbamate bactericides, and others.
The global agricultural bactericides market has also been segregated, on the basis of crop type, into fruits & vegetables, cereals & grains, oilseeds & pulses, and others.
The global agricultural bactericides market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
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