Global Agricultural Bactericides Market Outlook

The Agricultural Bactericides Market, valued at USD 9.5 billion in 2022, is poised for significant expansion. Projections suggest that the industry's valuation will rise from USD 9.89 billion in 2023 to a projected USD 12.59 billion by 2030. This growth trajectory is indicative of a Compound Annual Growth Rate (CAGR) of 4.10% over the forecast period spanning from 2023 to 2030. The driving forces behind this expansion encompass the growing use of agricultural bactericides to optimize crop growth and elevate crop nutritional value by safeguarding against pest attacks.

Agricultural bactericides find widespread application in the agricultural sector to curb bacterial infections on crops by inhibiting or eliminating the bacteria responsible for diseases. The escalating demand for food grains, coupled with diminishing cultivable land, is anticipated to fuel the need for agricultural bactericides in the foreseeable future. The rising threat of crop loss due to bacterial attacks is a significant concern for farmers and crop producers, intensifying the demand for agricultural bactericides as a means of disease control and enhancing crop productivity.

Furthermore, the surge in demand for organic fruits, vegetables, cereals, and pulses is expected to propel the growth of the global agriculture bactericides market in the coming years. The heightened need for crop protectants is another factor contributing to the anticipated expansion of the global agriculture bactericides market. Market players are seizing these emerging opportunities by expanding their service offerings and product lines, thereby augmenting the market share of agricultural bactericides on a global scale.

Segment 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, dithiocarbonate 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.

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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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