March 29, 2023

The global crop bactericides market size is estimated to grow significantly owing to the increasing crop losses due to pest attacks, observes Fortune Business Insights™ in an upcoming report, titled, “Crop Bactericides Market Size, Share & Industry Analysis, By Mode of Application (Foliar, Soil), By Type (Copper-based, Dithiocarbamate, Amide, Others), By Formulation (Liquid, Solid), By Crop Type (Fruits & Vegetables, Cereals, Oilseed & Pulses, Others) and Regional Forecast, 2023-2030.” Using crop bactericides helps in the yield quality, as well as prevents crop loss. The presence of active ingredients in these products aids in eradicating harmful bacteria from the crop.

Highlights of the Report:

  • Segmentation on the basis of product, type, consumption, distribution channel, and region
  • Detailed analysis of the companies based on their financial positions, product portfolios, and growth strategies
  • Study of core competencies of the key players and their market share to anticipate the degree of competition
  • Employment of the bottom-up procedure to arrive at the overall size of the market by estimating revenues of key market players

Drivers & Restraints-

Rising Instances of Crop Loss due to Pest Attacks to Drive Growth

The increasing cases of crop loss due to pest attacks are expected to drive the growth of the global crop bactericides market. For instance, according to a study in a project of the Centre for Agriculture and Bioscience International on the global burden of crop loss, nearly 40% of the global crop yield is lost every year due to pests and diseases. In addition, the escalating global population is increasing the demand for food across the globe, which is expected to enhance the adoption of crop bactericides. This is anticipated to further strengthen growth. However, stringent regulations from several governments regarding the use of crop bactericides are likely to hinder growth.

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Regional Insights-

High Population in the Region to Aid Asia Pacific Dominate

Asia Pacific is anticipated to dominate the global crop bactericides market. Factors such as, high population across regions and increasing concerns regarding food security are driving the growers in the region to adopt efficient crop protection products. For instance, according to a report published by the United Nations Children’s Fund (UNICEF) on food security and nutrition, nearly 50% of the global undernourished population lives in the region.

The market in North America is estimated to grow significantly in the forecast timeframe. The rising adoption of modern agriculture techniques and practices and increasing integrated pest management are expected to drive growth in the region.

Competitive Landscape-

Developing Innovative Products to Help Key Players Expand Their Shares

The prominent players operating in the global crop bactericides market are focusing on strategic collaborations, product launches, and research and development of innovative bactericides that are less toxic to the environment and the human health, more efficient, and more biodegradable compared to other chemical-based alternatives. This will help them gain more market share.

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Industry Developments-

  • In January 2020, Biosafe Systems announced the release of Oxidate 5.0, a potent, paroxyacetic acid based, liquid bactericide, which is registered to treat and control plant pathogens on a wide variety of crops.
  • In December 2017, Greenspire Global Inc. announced the launch of Procidic, an agricultural bactericide and fungicide that provides disease control without synthetics. The product is safe on a wide variety of fruits and vegetables crops and ornamentals.

A List of Key Manufacturers Operating In the Global Crop Bactericides Market Report:

  • BASF SE,
  • FMC Corporation,
  • American Vanguard Corporation,
  • Sumitomo Chemical Co., Ltd,
  • PI Industries.
  • Bayer CropScience AG,
  • Syngenta AG,
  • Nippon Soda Co., Ltd,
  • Dow AgroSciences LLC,
  • Nufarm Limited
  • Others

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