Future Outlook for Global Bactericide Market Size with Key Trends and Regional Insights
According to a Research Report Published By Spherical Insights & Consulting, The Global Bactericide Market Size Expected to Grow from USD 10.7 Billion in 2023 to USD 17.21 Billion by 2033, at a CAGR of 4.08% during the Forecast Period 2023-2033.
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A bactericide is any chemical or biological substance that prevents or stops the growth and spread of bacteria. Bactericide can be chemically produced or developed from natural chemicals, certain pesticides known as “biopesticides” are made from naturally occurring substances like bacteria, plants, animals, and minerals. Furthermore, market expansion is raised by increases in food security and quality concerns, as well as growing regulatory interventions in the agricultural sectors to support safe and sustainable farming practices. According to Research Gate, humans will consume between 59% and 98% more food in the year 2050. Agricultural markets will change as a result in ways that we have never seen. However, one of the main barriers to the global bactericide market’s expansion is the adverse consequences of these products.
Browse key industry insights spread across 227 pages with 109 Market data tables and figures & charts from the report on the Global Bactericide Market Size, Share, and COVID-19 Impact Analysis, By Type (Bactericides, Amide Bactericides, Copper-Based, Dithiocarbamate, Bactericides, and Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), By Form (Liquid and Dry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The copper-based segment is estimated to hold the greatest market revenue share through the projected period.
Based on type, the bactericide market is categorized into bactericides, amide bactericides, copper-based, dithiocarbamate, bactericides, and others. Among these, the copper-based segment is estimated to hold the greatest market revenue share through the projected period. This is due to the products’ longer shelf life, ease of use, and higher concentration of active components compared to liquid fungicides and bactericides. The stability of the formulation is unaffected by the prolonged storage of dry bactericides at a variety of temperatures.
The fruits & vegetables segment is anticipated to hold the biggest market share through the forecast period.
Based on crop type, the bactericide market is divided into cereals & grains, oilseeds & pulses, and fruits and vegetables. Among these, the fruits & vegetables segment is anticipated to hold the biggest market share through the forecast period. These crops provide a wide range of fruits (like pineapples and grapes) and vegetables (like tomatoes and cabbages). Fruit and vegetable production is declining as a result of bacterial infestations. Crop bactericides are therefore necessary for fruit and vegetable growers. As an example, Syngenta declared in March 2023 that Storen, a novel herbicide for maize, was now under development.
The liquid segment dominates the market with the biggest market share through the forecast period.
Based on the form, the bactericide market is categorized into dry and liquid. Among these, the liquid segment dominates the market with the biggest market share through the forecast period. The markets for crop bactericides are always growing because they are easy to load and transport in solid containers. Therefore, more applications of liquid crop bactericides for agricultural bactericides contribute to the expansion of the market. Therefore, increased use of liquid crop bactericides for agricultural bactericides has a favorable effect on the market expansion.
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Asia Pacific is anticipated to hold the biggest share of the bactericide market over the predicted timeframe.
Asia Pacific is anticipated to hold the biggest share of the bactericide market over the predicted timeframe. The rapidly growing population in Asia-Pacific and farmers’ desire for effective crop protection solutions are driving the market’s expansion. The need for bactericides in the region is rising as a result of the expansion of agricultural land in nations like China and India.
North America is expected to grow at the fastest CAGR growth of the bactericide market during the forecast period The primary forces behind the region’s market expansion are growing consumer expectations for higher-quality crops and increased awareness of the application of bactericides and biorational fungicides to prevent bacterial infections in crop yields.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Global Bactericide Market Size along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Bactericide market are 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, GREENCHEM BIOTECH, Dow AgroSciences LLC, Bayer CropScience AG, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In July 2024, Nufarm and MOA Technology collaborate to create a state-of-the-art herbicide. In addition to upfront payments, Moa will also get royalties on the sale of herbicides and at other development milestones.
- In May 2024, Leading global agricultural sciences company FMC Corporation received Brazilian registration for its herbicides, Azugro and Ezanya, which are meant to be applied to wheat, cotton, and tobacco crops. The herbicides Azugro and Ezanya are powered by bixlozone under the FMC brand, Isoflex Active.
- In December 2023, One of the quickly growing R&D-based crop protection manufacturing and marketing companies in India, Crystal Crop Protection Limited, purchased the trademark Gramoxone from Syngenta, a global leader in agriculture. The Indian market will benefit from the deal.
- In July 2023, Harpe Bioherbicide Biosolutions received a US$275,000 NSF grant to study weed resistance. NSF is an independent federal agency that funds scientists who produce new findings and information that expands our knowledge of the world.
- Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the bactericide market based on the below-mentioned segments:
Global Bactericide Market, By Type
- Bactericides
- Amide Bactericides
- Copper-Based
- Dithiocarbamate
- Bactericides
- Others
Global Bactericide Market, By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Global Bactericide Market, By Form
- Dry
- Liquid
Global Bactericide Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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