Agriculture Bactericides Market

• Accelerated deployment of bactericides for better crop yields to boost the agricultural bactericides market growth

Crops are protected from bacteria, fungi, and other pathogens by bactericides. Food and horticultural crops are experiencing burgeoning demand due to increased health awareness, which increases the number of job opportunities for manufacturers of bactericides. In addition to providing better crop yields, bactericides also improve the distribution of the products. Some factors are anticipated to boost the growth of the global bactericides market in the coming years. For instance, in December 2017, Greenspire Global Inc. introduced prosodic, an agricultural fungicide and bactericide for disease control without using synthetics.

By doing so, we can preserve the variety of ornamental plants and fruits and vegetables.

Further, one of the major factors driving the growth of the agricultural bactericides market is the growing need to cater to the growing food demands among consumers across the globe. Growing regulatory interventions in agricultural sectors for farming culture and safe farming, as well as increased care for food security and concerns over food quality, are accelerating market growth. As bactericides are increasingly used to reduce losses due to bacterial infections and enhance crop yields and quality, and as farming techniques and technologies change, the market is further influenced.

Moreover, bactericides market growth is positively affected by the reduction of arable land, the acceptance of modern farming techniques, the improvement of agrochemical products, emerging technologies, and high returns on investment.

Additionally, growing organic food demand, awareness of the benefits of using agricultural bactericides, and adopting precision farming techniques are the main growth factors for the Agricultural Bactericides Market. Increasing pest populations, disease outbreaks, and food demands are major growth drivers. It is becoming increasingly important to protect crops and ensure food safety. Agrochemicals and crop protection companies have recently innovated their products to meet market demands. This has expected to an increase in the use of agricultural bactericides around the globe. Therefore, such as bactericides ensure good organic crops.

It has enhanced the agricultural bactericides market CAGR globally in recent years.

However, to cater to the demand, there have been significant advances in crop improvement. For instance, several introductions of agricultural bactericides implants have been another factor driving the growth of the Agricultural Bactericides market revenue.

The Global Agricultural Bactericides Market Industry is experiencing a notable shift towards sustainable agricultural practices. Farmers are increasingly adopting bactericides that are environmentally friendly and reduce chemical residues in crops. This trend is driven by consumer preferences for organic produce and regulatory pressures to minimize chemical usage. As a result, the market is projected to reach 10.7 USD Billion in 2024, reflecting a growing commitment to sustainability. The emphasis on sustainable farming practices is likely to bolster the demand for innovative bactericides that align with these principles, thereby enhancing the market's growth trajectory.

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific's agricultural bactericides market accounted for USD 2.8 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing agricultural activities and the demand for quality crops in the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Agricultural Bactericides Market Share By Region 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

North American agricultural bactericides market accounts for the second-largest market share. As agricultural produce demand increases in this region, market demand also increases. Further, the U.S. agricultural bactericides market held the largest market share, and the Canadian agricultural bactericides market was the fastest-growing market in the European region

The Europe agricultural bactericides market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased demand for a better yield of crops in the agricultural sector. Another driving force in the agricultural bactericides market region is the availability of high disposable income. Moreover, Germany's agricultural bactericides market held the largest market share, and the UK agricultural bactericides market was the fastest-growing market in the Europe region.

Recent News:

• February 2024- The latest study by the Food and Agriculture Organization of the United Nations (FAO) scientists emphasizes the significance of consistently selecting pesticides to be used on food crops to alleviate the increase of antimicrobial resistance (AMR). With a One Health lens, the review investigates how some fungicides, bactericides, and other pesticides take part in the global public health threat of AMR, highlights knowledge gaps, and proposes future work. The utilization of pesticides and other agricultural chemicals can cause AMR in human and plant pathogens. Presently, human infections by bacteria with AMR characteristics trigger nearly 700,000 deaths per year. If left unrestrained, by 2050, it is projected that AMR infections will be responsible for 10 million deaths each year. The utilization of oxytetracycline, streptomycin, copper-based products, and some fungicides is linked with enhanced resistance among plant pathogens to such agents. In addition, the latest increase in the cases of environmental triazole fungicide-resistant Aspergillus fumigatus— the reason for aspergillosis in humans—has led to concern, particularly across Europe.

• February 2024- The latest study by the Food and Agriculture Organization of the United Nations (FAO) scientists emphasizes the significance of consistently selecting pesticides to be used on food crops to alleviate the increase of antimicrobial resistance (AMR). With a One Health lens, the review investigates how some fungicides, bactericides, and other pesticides take part in the global public health threat of AMR, highlights knowledge gaps, and proposes future work. The utilization of pesticides and other agricultural chemicals can cause AMR in human and plant pathogens. Presently, human infections by bacteria with AMR characteristics trigger nearly 700,000 deaths per year. If left unrestrained, by 2050, it is projected that AMR infections will be responsible for 10 million deaths each year. The utilization of oxytetracycline, streptomycin, copper-based products, and some fungicides is linked with enhanced resistance among plant pathogens to such agents. In addition, the latest increase in the cases of environmental triazole fungicide-resistant Aspergillus fumigatus— the reason for aspergillosis in humans—has led to concern, particularly across Europe.

• February 2023- According to a recent discovery, India ranks second in the world in agricultural creation, having attained USD 543 billion in the year 2021, only after China. India has transcended the U.S. with the manufacturing of USD 224 bn and the complete EU at USD 278 bn. India is the single nation with a double-digit world share of production worth 13%, after China, which has a share of 31%. The Senior Advisor, Crop Care Federation of India (CCFI)., Harish Mehta, says that according to the data codified by the Centre for Environment & Agriculture, India participates in nearly 61,702 tons of agrochemicals against a worldwide consumption of 26,61,124 tons, which makes India's share at just 2%.

• February 2023- According to a recent discovery, India ranks second in the world in agricultural creation, having attained USD 543 billion in the year 2021, only after China. India has transcended the U.S. with the manufacturing of USD 224 bn and the complete EU at USD 278 bn. India is the single nation with a double-digit world share of production worth 13%, after China, which has a share of 31%. The Senior Advisor, Crop Care Federation of India (CCFI)., Harish Mehta, says that according to the data codified by the Centre for Environment & Agriculture, India participates in nearly 61,702 tons of agrochemicals against a worldwide consumption of 26,61,124 tons, which makes India's share at just 2%.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the agricultural bactericides market grow even more. In addition, market participants are undertaking a variety of strategic initiatives to expand their global footprints, including launches of new products, contractual agreements, mergers and acquisitions, investments, and collaborations with other companies. Competitors in the agricultural bactericides industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the global agricultural bactericides industry to benefit clients and expand the market sector. In recent years, the agricultural bactericides industry has provided crops with some of the most significant benefits. In the agricultural bactericides market, major players such as G.M. Biocides Private Limited, FMC Corporation, Biostadt India Limited, Aries Agro Ltd., Nippon Soda Co. Ltd., Syngenta AG, Adama Agricultural Solutions Ltd., BASF SE, American Vanguard Corporation, Nufarm Limited, PI Industries, Sumitomo Chemical Co.

Ltd, GREENCHEM BIOTECH, Dow AgroSciences LLC, and Bayer CropScience AG, and others are working on expanding the market demand by investing in research and development activities.

The Sumitomo Chemical Company, Limited manufactures chemicals. Agrochemicals, pharmaceutical intermediates, photo-resists, and pharmaceutical intermediates are among the products manufactured by the company. Several manufacturing plants, as well as sales offices, are located throughout the world at Sumitomo Chemical. For instance, Sumitomo Chemical Com, Ltd. (Japan) spends several billion dollars on research and development to gain an advantage over its competitors.

Also, the Chemical company BASF SE is based in Germany. As part of its business model, ExxonMobil operates in six segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. There are several industries that BASF serves, as well as several system solutions and services that it provides, including the chemical, automotive, construction, agriculture, oil, plastic, electrical, electronics, furniture, and paper industries.