Agricultural Bactericides Market Overview:
The global Agricultural Bactericides market has the possibility to score higher than a valuation of USD 12.5 billion by 2030, that too, with a moderate CAGR of 4.1% between 2021 and 2030, that can be considered as the forecast period. Agricultural bactericides can be classed as a type that finds application in fighting against bacterial and fungal infections that takes place during crop production. Market Research Future (MRFR) made claims in the report regarding various factors that can significantly trigger the growth of the market.
Factors that can impress the global agricultural bactericides market are growing demand for high production of crops due to increasing population, changing weather, high adoption of pest management projects, and others. However, its level of toxicity can hold back the expected growth rate of the agricultural bactericides market. Its impact on human health can be of significant concern, which is why various global bodies are putting restraints for such productions. But the market for agricultural bactericides can profit from better investment in research and development and market expansion in regions like the Middle East and Latin America.
Competitive Landscape:
Quite a few companies are showing intense strategic launching in the global market for agricultural bactericides that ensure solidification of their market position and growth for the market on a holistic scale. MRFR analyzed these companies to gauge their latest moves and realize how profoundly these companies can impact the market.
The agricultural bactericides key market players are Dow AgroSciences LLC (US), BASF SE (Germany), Bayer CropScience AG (Germany), Sumitomo Chemical Co., Ltd (Japan), Syngenta AG (Switzerland), FMC Corporation (US), Nippon Soda Co., Ltd. (Japan), Nufarm Limited (Australia), G.M. Biocides Private Limited (India), Adama Agricultural Solutions Ltd. (Israel), American Vanguard Corporation (US), GREENCHEM BIOTECH (India), Aries Agro Ltd. (India), PI Industries (India), and Biostadt India Limited (India).
Segmentation
The global market report on agricultural bactericides finds better analysis with segmentation on the basis of crop type, form, and type. The report has relevant answers regarding questions that often come from consumers, and they have been bolstered by factorial data.
By type, the global report on agricultural bactericides can be segmented into dithiocarbamate bactericides, copper-based bactericides, amide bactericides, and others.
By form, the study on the agricultural bactericides market overview finds significant analysis, with the review covering both dry and liquid segments.
By crop type, the market report on agricultural bactericides can be segmented into oilseeds and pulses, cereals and grains, fruits and vegetables, and others.
Regional Analysis:
The global agricultural bactericides market size is being reignited by the Asia-Pacific region, and the market evaluation in 2018 presented factors supporting this. The coming years, as per the report, are also going to gain better traction and secure top-notch performance from the region. India, China, and Japan are regions that have been noted for their significant contributions to the market, and this is on a growing path. High demand for food from the densely populated states is expected to make sure that the market gets better acceptance. The farmers are also becoming more aware of these products, which can ensure better growth prospects. However, fluctuating weather can play a significant role in triggering growth in the global market. The possibility of registering the highest CAGR during the forecast period is quite extensive.
North America and Europe are expected to make significant contributions. However, the regional laws regarding the environment may be a bit stringent for these products, as their ecological impact regarding toxicity is quite restrained.
Industry News
In October 2021, the Olive Oil Commission of California (OOCC) announced that they would invest around $170,250 for research initiatives that would help in developing better bactericides. The step would be for 2021/20 fiscal year.
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