The global bactericide market in agriculture is projected to reach a value of USD 11.88 billion by 2022, growing at a CAGR of 4.6% from 2016. The market is driven by factors such as growth in the crop production, ease of application, increase in need for food security for the increasing population, and rise in preference for bactericides. The change in farming practices (from traditional to conventional), clubbed with advanced technologies and promotion by the governments of many countries across the world also drives the demand for bactericides in the agricultural sector. However, factors such as lack of education and awareness among the farmers and rise in instances of environmental toxicology, are restraining the growth of the bactericide market in agriculture.

Numerous benefits provided by Bacteriocide such as high tensile strength, tear & puncture resistance, better elongation & recovery, accommodates substrate movements , and having a low temperature resistance are becoming major factors propelling the market growth. In addition, surge in demand of the Bacteriocide is mainly increasing from the chemical industry, which is further anticipated to boost the market growth. Furthermore, demand for Bacteriocide is growing tremendously due to rising infrastructure spending on electricity grids, water supply, power stations, roads, airports, railways, telecommunications networks, schools, bridges, and others. In addition, construction industry largely demands for high-performance materials which are lightweight, high-performance, strong, durable, and versatile.

However, volatile prices of Bacteriocide is becoming one of major factors limiting the overall growth of the market. Conversely, growing number of R&D activities is expected to provide a huge market opportunity for the key players operating in the Bacteriocide market.

The Global Crop Bactericides Market report summarizes top key players overview as BASF SE, FMC Corporation, American Vanguard Corporation, Sumitomo Chemical Co., Ltd, among Others.  

Type Outlook

On the basis of mode of application, the bactericide market in agriculture has been segmented into foliar spray, seed treatment, soil treatment, and post-harvest. The market was led by foliar spray followed by soil treatment. Foliar is largely used by farmers because of its high efficiency and ease of use. The market for soil treatment is rapidly growing mainly due to the increasing application of bactericides, other nutrition enhancers, and plant growth regulators to treat with soil for protection against pest attacks in the initial stage of crop production.

Application Outlook

The change in farming practices (from traditional to conventional), clubbed with advanced technologies and promotion by the governments of many countries across the world also drives the demand for bactericides in the agricultural sector. However, factors such as lack of education and awareness among the farmers and rise in instances of environmental toxicology, are restraining the growth of the bactericide market in agriculture. The increased availability of agricultural land in countries like India and China, contributes to the growing demand for bactericides in the Asia-Pacific region, thereby marking the region as a fastest growing market in this domain. The global bactericide market in agriculture is segmented region-wise, with a detailed analysis of each region by studying the key market.

Regional Outlook

Europe formed the largest market for bactericides in 2015, whereas the Asia-Pacific region is projected to be the fastest-growing market during the review period. Owing to the increasing bacterial infestations in crops, observed in Europe region, the European region for bactericides is the largest. The increased availability of agricultural land in countries like India and China, contributes to the growing demand for bactericides in the Asia-Pacific region, thereby marking the region as a fastest growing market in this domain. The global bactericide market in agriculture is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

Key Companies & Recent Developments

Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027, while Latin America will expand at a 3.4% CAGR through the analysis period. Bacteriocide is mainly increasing from the chemical industry, which is further anticipated to boost the market growth. Furthermore, demand for Bacteriocide is growing tremendously due to rising infrastructure spending on electricity grids, water supply, power stations, roads, airports, railways, telecommunications networks, schools, bridges, and others. In addition, construction industry largely demands for high-performance. For instance, in February 2017, Sika which is a chemicals company, engages in developing & producing of products for sealing, damping, bonding, reinforcing, and protecting in the building sector & motor vehicle industry. Sika acquired Bitbau Dorr, a waterproofing membrane manufacturer in order to from growth opportunities resulting from expansion of distribution channels and further enhances its customer base.

Market Segmentation of Global Bacteriocide Market

By Type

1. Copper-based

2. Dithiocarbamate

3. Amide

4. Antibiotic

By Application

1. Cereals & Grains

2. Oilseeds & Pulses

3. Fruits & Vegetables