Global Bactericides Market Insights on Future Growth Prospects and Industry Trends Analyzed Till 2028
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
Rockville Pike, MD -- (SBWire) -- 08/22/2018 --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:
On the basis of application, global bactericides market has been segmented as:
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.
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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.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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