Bactericides Market

Bactericides Market Outlook (2022-2032)

Global sales of bactericides are expected to increase at a CAGR of 4.6% from 2022 to 2032. Currently, the global bactericides market is valued at US$ 16.98 billion and is anticipated to reach US$ 25.02 billion by 2032.

Demand for bactericides used in soil treatment is rising rapidly, primarily because more bactericides and other nutrition enhancers are being applied, and because plant growth regulators are becoming more common as a means of preventing pest attacks during the early stages of crop production.

Report Attributes	Details
Bactericides Market Size (2022E)	US$ 16.98 Billion
Forecasted Market Value (2032F)	US$ 25.02 Billion
Global Market Growth Rate (2022-2032)	4.6% CAGR
North America Market Share (2022)	23.6%
Europe Market Share (2022)	28.7%
Key Companies Profiled	Syngenta AG BASF SE Bayer Crop Science AG Nufarm Limited FMC Corporation Sumitomo Chemical Company, Limited Adama Agricultural Solutions Ltd. American Vanguard Corporation PI Industries Aries Agro Ltd. Biostadt India Limited Fmc Corporation Coromandel International

Demand Analysis of Bactericides (2017-2021) Vs. Market Outlook (2022-2032)

“Increasing Need for Effective Solutions for Better Soil Protection”

According to Fact.MR, a market research and competitive intelligence provider, worldwide demand for bactericides is projected to rise at a CAGR of 4.6% from 2022 to 2032.

Rising need for effective solutions for better soil protection is expected to foster the demand for bactericides. The use of bactericides is expected to grow significantly owing to the demand for cleaner, safer, and secure crops that require good soil health. The pesticide industry has witnessed significant transformation in the past few years, in terms of crop protection chemicals.

Surge in the demand for food, fueled by the increasing population, has resulted in the ever-increasing strain on the agricultural sector. In countries with high population growth, there is a threat to people from food insecurity.

Food security is one of the key factors driving the growth of the global bactericides market during the forecast period. Bactericide is a chemical that kills and prevents the growth of agricultural bacteria. Change in climatic conditions is one of the key contributors to the increase in the lifespan of bacteria, which, in turn, is expected to generate more demand for bactericides.

In addition to bacteria, insects and nutrient levels of soil, etc., also affect the growth of crops. Moreover, growing awareness of health and food security are also contributing to the growth of the bactericides market, globally.

Which Markets Trends are Fuelling Sales of Bactericides?

“Rapid Deployment of Bactericides for Better Crop Yield”

Bactericides prevent crops from bacteria, fungi, etc. Increasing awareness regarding health has resulted in burgeoning demand for food and horticulture crops, which has led to more opportunities for bactericide suppliers.

Applications of bactericides provide better crop yield and distribution of obtained output. These factors are expected to bolster the growth of the global bactericides market during the forecast period.

Apart from its existing advances, bactericides are being studied for their contribution to dealing with the blight disease in walnut orchards. Kasumin bactericide is the ultimate solution for dealing with this disease in walnuts.

Apart from walnut blight, the bactericide helps tackle diseases in the pome fruit growers and also helps in effective cherry production. These factors are expected to drive the demand for bactericides over the coming years.

How Can New Entrants Influence the Bactericides Market?

“Rising Focus on Introducing Biodegradable Products to Offer Growth Opportunities for New Companies”

Aspiring market participants are concentrating on joint ventures, new product introductions, and the research and development of novel crop bactericides that may be less hazardous to the environment and human health, more effective, and more biodegradable & biocompatible as compared to other bactericides.

• Pre- and post-harvest fungicides and bactericides are developed and marketed by a new company - ClearLeaf - to produce sustainable crop protection techniques that lessen the effects of dangerous pests while keeping farm balance and safeguarding farmers and customers.

Which Regions are Dominating the Bactericides Industry?

“Rising Demand for High-end Agricultural Techniques and R&D Efforts for Product Development Driving Market Revenue in Europe & North America”

Europe leads with 28.7% share in the global bactericides market. The increased use of bactericides in line with cutting-edge agricultural techniques and the rising demand for food security in the region are factors that are driving the market expansion.

With a 23.6% market share, North America is expected to witness significant growth opportunities owing to the rise in R&D efforts for the development of products.

Increasing demand for high-quality crops and growing awareness about the adoption of bactericides and bio rational fungicides to avoid bacterial infections in crop yields are the factors driving the market expansion in the region.

Rapidly growing population and rising growers' inclination toward effective crop protection products are driving the market growth in Asia Pacific. The increased availability of agricultural land in countries such as China and India contributes to the rising demand for bactericides in the region.

Which Crop Type is Expected to Account for High Usage of Bactericides?

“Growing Consumer Awareness Regarding Security of Food Crops from Bacteria”

Based on crop type, the bactericides market is segmented into food crops, plantation crops, cash crops, and horticulture crops.

Food crops are expected to remain dominant during the forecast period owing to their growing demand as a result of an increase in population globally. Recently, the focus of the agriculture industry has shifted towards the security of crops from bacteria. Farmers around the globe need to increase crop production, by improving productivity on existing agricultural lands by using bactericides to kill bacteria.

Competitive Landscape

The bactericides industry has been distinguished by the existence of several bactericide manufacturers that operate with a wide range of product holdings. To raise knowledge about the value of employing these compounds, which ultimately results in the effective production of diverse crops, many key companies are concentrating on forming strategic alliances with local agricultural associations and regional distributors.

For instance :

• In 2020, the introduction of Oxidate 5.0, a strong liquid bactericide based on peroxyacetic acid that is approved to treat and control plant diseases on several crops, was announced by BioSafe Systems.

Key Segments Covered in Bactericides Industry Research

• Bactericides Market by Form :

  • Liquid Bactericides
  • Powder Bactericides
  • Gas Bactericides

• Bactericides Market by Crop Type :

  • Food Crops
  • Plantation Crops
  • Cash Crops
  • Horticulture Crops

• Bactericides Market by Application :

  • Foliar Feeding
  • Soil Treatments

• Bactericides Market by Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa