Agricultural Bactericides Market to Grow with a CAGR of 4.13% through 2028
According to TechSci Research report, “Agricultural
Bactericides Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Agricultural Bactericides
Market stood at USD 9.39 billion in 2022 and is anticipated to grow with a CAGR
of 4.13% in the forecast period, 2024-2028. The awareness among individuals
regarding Agricultural Bactericides has led to favorable market conditions for
the global Agricultural Bactericides market. Several factors contribute to the
growth of various Agricultural Bactericides products.
The expanding global population necessitates
heightened agricultural productivity to meet increased food demand. This
imperative underscores the pivotal role of agricultural bactericides in
protecting crops from bacterial diseases, ensuring a secure and stable food
supply. The escalating requirement for food security emerges as a primary
driver fueling the growth of the bactericides market.
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Bacterial infections present a considerable risk to
both crop health and yield, causing substantial losses in agricultural
production through diseases like bacterial blight, bacterial wilt, and fire
blight. In response, farmers and key players in agriculture are increasingly
acknowledging the crucial role of managing bacterial diseases to safeguard crop
quality and yield. This recognition propels the growth of the agricultural
bactericides market, fueled by the escalating demand for efficacious solutions
that can prevent and address bacterial infections, which will further fuel
market growth.
In November 2023 - Bayer Syngenta AG announces a new
collaboration with the International Maize and Wheat Improvement Center
(CIMMYT) to develop climate-resilient maize varieties. The partnership will
focus on developing maize varieties that can withstand drought, heat, and other
climate change stresses.
Continual technological advancements in agriculture,
encompassing precision farming, smart agriculture, and biotechnology, are
reshaping conventional farming methods. These technologies, marked by
higher-density planting and intensified cultivation, elevate the risk of
bacterial disease proliferation. The embrace of advanced agricultural practices
heightens crop vulnerability to bacterial infections, prompting an escalating
demand for pioneering bactericides capable of delivering precise and effective
control of bacterial diseases within the framework of modern agricultural
technology.
In today's fast-paced world, the need for increased
agricultural productivity to meet rising food demands is a constant imperative.
Bactericides play a crucial role in maximizing productivity by curbing the
impact of bacterial diseases that can lead to substantial yield losses. By
providing protection against pathogens, bactericides enable farmers to achieve
higher crop yields, meeting the elevated production targets required in our
fast-paced world. Ongoing technological advancements in agriculture, such as
precision farming and smart agriculture, present new challenges in disease
management. Agricultural bactericides adapt to and complement modern
agricultural technologies. They offer targeted solutions compatible with
higher-density planting and intensive cultivation, addressing the evolving
challenges posed by advanced farming practices. This adaptability ensures the
efficacy of disease management in a technologically dynamic environment. Governments
worldwide are increasingly emphasizing sustainable agriculture and food safety,
leading to stringent regulatory standards. Bactericides, as essential
components of crop protection, align with regulatory expectations for safe and
effective agricultural practices. Their use corresponds with policies promoting
sustainable agriculture, making them integral to meeting regulatory standards
and ensuring the safety of the food supply.
Global governments increasingly acknowledge the
significance of sustainable agriculture and the imperative of ensuring food
safety. Regulatory authorities frequently enact policies promoting the adoption
of secure and efficient crop protection measures, which encompass the
utilization of bactericides.
In recent times, Agricultural bactericides play a
pivotal role in managing bacterial diseases that threaten crop health and
yield. By preventing the spread of pathogens causing diseases like bacterial
blight and wilt, bactericides contribute to maintaining a secure and stable
global food supply. The imperative to enhance agricultural productivity to meet
rising food demands is a pressing concern. Bactericides provide a critical line
of defense against bacterial infections, allowing farmers to optimize productivity.
By controlling diseases that can lead to substantial yield losses, these agents
enable farmers to achieve higher crop yields, meeting the escalating demands of
a rapidly growing population. Ongoing technological advancements, including precision
farming and digital agriculture, have transformed traditional farming
practices. Agricultural bactericides seamlessly integrate with modern
agricultural technologies. Their adaptability to higher-density planting and
intensive cultivation aligns with the changing landscape of farming practices,
ensuring effective disease management in the context of evolving agricultural
technologies. However, the resistance development in bacterial strains may
hinder market growth. Moreover, challenges related to stringent regulatory
approval processes and growing concerns about environmental impact may pose
obstacles to the Agricultural Bactericides market in the near future.
The Global Agricultural Bactericides Market is
segmented into type, application, crop type, regional distribution, and
company.
Based on its type, the copper-based bactericides
segment has emerged as the predominant market leader, the category of
copper-based bactericides stands out as a dominant and widely adopted segment.
Copper-based formulations have established a strong presence in the market due
to their versatility, effectiveness across a range of crops, and proven track
record in managing bacterial diseases. Copper-based bactericides are
characterized by the presence of copper compounds, primarily copper hydroxide,
copper oxychloride, and copper sulfate. These compounds exhibit broad-spectrum
activity against various bacterial pathogens, making them valuable tools in
preventing and controlling bacterial diseases affecting crops. One of the key
factors contributing to the dominance of copper-based bactericides is their
versatility. These formulations demonstrate efficacy across a diverse range of
crops, including fruits, vegetables, cereals, and ornamental plants. The
ability to provide effective protection against a wide array of bacterial
diseases enhances their appeal to farmers cultivating different crops within
their operations. Copper-based bactericides have a long history of proven
effectiveness in managing bacterial diseases in agriculture. They act through
multiple modes, including interference with bacterial enzymes and induction of
oxidative stress, resulting in the inhibition of bacterial growth and the
control of disease progression. This efficacy has established copper-based
bactericides as reliable solutions for farmers facing bacterial threats.
Based on region, Asia-Pacific segment is expected to
grow during the forecast period. The Asia Pacific region stands out
as a dominant and influential segment. The region's dominance in the market is
attributed to a combination of factors that highlight its pivotal role in
agricultural production and the increasing demand for bactericides. Asia
Pacific boasts a vast and diverse agricultural landscape, with a multitude of
crops grown across various climatic zones. The extensive cultivation of staple
crops, fruits, vegetables, and cash crops in countries like China, India, and
Southeast Asian nations contributes significantly to the demand for effective
bactericides to manage bacterial diseases that can impact crop yield and
quality. The region is home to a substantial portion of the world's population,
with countries facing the challenge of feeding large and growing populations.
The need to ensure food security and enhance agricultural productivity drives
the adoption of bactericides as an essential component of disease management
strategies. Bactericides play a critical role in safeguarding crops and
ensuring a stable food supply. Asia Pacific is characterized by diverse
agroecological conditions that create a favorable environment for the
prevalence of bacterial crop diseases.
The Europe market is poised to be the
fastest-growing market, offering lucrative growth opportunities for Agricultural
Bactericides players during the forecast period. Factors such as Europe have
been at the forefront of promoting sustainable agricultural practices and
environmental stewardship. The increasing emphasis on reducing the
environmental impact of agriculture aligns with the adoption of bactericides
that are eco-friendly, have low toxicity, and adhere to stringent
sustainability criteria. This commitment to sustainable agriculture positions
Europe as a key growth driver in the market. Europe has witnessed a widespread
adoption of Integrated Pest Management (IPM) strategies, emphasizing a holistic
approach to crop protection. Bactericides play a crucial role in IPM programs,
and the European agricultural sector's commitment to these practices
contributes to the growing demand for bactericides with targeted and
environmentally friendly modes of action. The European agriculture sector is
characterized by technological advancements and the widespread adoption of
precision agriculture practices.
Major companies operating in Global Agricultural
Bactericides Market are:
- Bayer CropScience AG
- Syngenta AG
- BASF SE
- Nufarm Limited
- Biostadt India Limited
- FMC Corporation
- ADAMA Agricultural Solutions Ltd.
- P.I. Industries
- Aries Agro Ltd.
- Sumitomo Chemicals Company
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“The advancements in agricultural technology and
increasing prevalence of bacterial crop diseases are key drivers of the Agricultural
Bactericides market. In recent years, the growing adoption of advanced
agricultural technologies creates conditions conducive to the spread of
bacterial diseases. Agricultural bactericides become essential in adapting to
and mitigating the challenges posed by these technological shifts. Moreover,
the growing consumer emphasis on preventative agricultural products has
enhanced production and marketing efforts. To meet the demands of the market,
manufacturers are increasingly incorporating cutting-edge technologies with
high production efficiency. Rising consumer acceptance and continuous product
innovation will further ensure the growth of the Agricultural Bactericides
market in the coming years.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Agricultural Bactericides Market – Global
Industry Size, Share, Trends, Opportunity, & Forecast 2018-2028 Segmented
By Type (Dithiocarbamate, Copper-based, Amide), By Application (Foliar Spray,
Soil Treatment), By Crop Type (Oilseeds & Pulses, Cereals & Grains,
Fruits & Vegetables), By Region, Competition”, has evaluated
the future growth potential of Global Agricultural Bactericides Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agricultural Bactericides Market.
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