The global bactericide market to reach $ 11.88 Billion by 2022

The bactericide/bacteriocide market in agriculture is projected to grow at a CAGR of 4.6% to reach USD 11.88 Billion by 2022. The market growth is driven by the rise in need for food security for the growing population, advancement in farming practices and technologies, and ease of application of bacteriocides. The market is further driven by factors such as increase in demand for fruits & vegetables, along with increase in acceptance for Integrated Pest Management (IPM) by the farmers, and high opportunities in developing countries.

On the basis of type, the bacteriocide market in agriculture is led by copper-based, followed by dithiocarbamate, amide and antibiotic bacteriocides, respectively. The dithiocarbamate segment is projected to be the fastest-growing type in the bacteriocide market in agriculture.

Water-dispersible granule bacteriocides are the most widely used forms of bacteriocides. Water-dispersible granules provide greater stability and ease in handling during supply chain activities. The wettable powder segment is projected to be fastest-growing form in bacteriocide market in agriculture.

Foliar spray is the most common mode of application of bacteriocides. Spraying of bacteriocides is done on the leaves, stems, and fruits. Foliar bacteriocides have proven effective in helping to manage several common foliar diseases in soybean.

The demand for bacteriocides is projected to rise in the Asia-Pacific region, particularly from China, India, and Japan. The increase in agricultural activities, coupled with the rise in demand for quality crop produce, are driving the growth of the bacteriocide market in agriculture. The growing agricultural activities due to the increase in demand for high-quality agricultural produce in the Asia-Pacific region is driving the market for bacteriocides in this region. The countries in the region have observed an increase in the consumption of bacteriocides due to increasing awareness among farmers related to effects of bacterial infections on crop yields.

Key players have concentrated their major R&D efforts to develop products confirming to European regulations for bacteriocides, since these regulations are considered to be benchmarks in terms of quality and environmental impacts.

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 Bacteriocide Market in Agriculture.

Key players identified in the global Bacteriocide Market in Agriculture include BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), and Bayer CropScience AG (Germany), which are among the key players of the Bacteriocide Market in Agriculture as these are well-established and financially stable players that have been operating in the industry for several years. Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2011, the Bacteriocide Market in Agriculture has witnessed an increase in demand, especially in countries such as the U.S. Canada, Spain, the U.K., India, and China.