Agricultural Bactericides Market Projected to Flourish with USD 12.59 Billion Revenue by 2030"
Agricultural Bactericides Market
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. In 2022, the Agricultural Bactericides Market Size reached a valuation of USD 9.5 billion. The industry is anticipated to experience growth, progressing from USD 9.89 billion in 2023 to USD 12.59 billion by 2030.
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, dithiocarbamate 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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