The amount of crop-loss due to bacterial infection is increasing, which is a great concern for the crop producers. Increasing demand for agriculture bactericides for crop protection from bacteria and the need for high crop yield has surged the growth of the agriculture bactericides market in the Asia Pacific region. Apart from this, most of the countries in this region are highly dependent on the agriculture farming, which is positively influencing the sales of agriculture bactericides. Furthermore, leading players are also investing in partnership with various fertilizer industries, as the primary focus area is to grow the consumer base.
The Asia Pacific region is dominating the agriculture bactericides market and is expected to have a substantial growth over the forecast period, 2017-2023. India, China, and Japan are leading this market and are expected to market over the review period. Rising agricultural activities, pooled with the increasing demand for the high-quality crop are considered to drive the market of this region.
Furthermore, increasing consumption of agriculture bactericides owing to increasing awareness among farmers regarding crop productivity associated with the bacterial infection has surged the demand for agriculture bactericides in the Asia Pacific market. However, toxicity caused due to the consumption of agriculture bactericides and stringent laws associated with their use for crop production may hinder the market growth over the forecast period. Asia Pacific agriculture bactericides market is estimated to grow at a CAGR of 5.3% during the forecast period 2017-2023.
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major agriculture bactericides players. It further includes product portfolios, developments of leading players, which includes
- BASF SE (Germany)
- Syngenta AG (Switzerland)
- Nufarm Limited (Australia)
- Nippon Soda Co., Ltd. (Japan)
- E. 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.) and
- Adama Agricultural Solutions Ltd. (Israel)
High demand for organic food products has surged the global market of agriculture bactericides
Dec-2017, Greenspire Global has launched a new product Procidic. The product is an agricultural bactericide and fungicide that provides disease control without use of synthetic chemicals
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, dithiocarbamate agriculture bactericides, amide agriculture bactericides, and others. Among all, the copper-based agriculture bactericides segment is dominating the market followed by dithiocarbamate owing to its higher use on fruits & vegetables and other agricultural crops.
On the basis of the form, it is segmented into powder, liquid, and others. The liquid form segment is dominating the 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 owing to the increasing awareness about the health benefits associated with organic fruits & vegetables in the population.
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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 market followed by North America. The U.K and Germany have been accounted for the higher use of agriculture bactericides in order to protect agricultural crops from diseases owing to the increasing awareness about the benefits of using agriculture bactericides.
Moreover, increasing consumer awareness and growing demand for organic fruits, vegetables, and cereals and pulses has uplifted the agriculture bactericides market in the North American countries such as the U.S. and Canada which is likely to further boost the growth of the agriculture bactericides market during the review period. Additionally, approval for the use of agriculture bactericides on commercial products by the regulatory authorities is projected to uplift the growth of the agriculture bactericides market.
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