The Bactericide Market is segmented by Application (Soil treatment and Foliar spray), Type (Dry and Liquid), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1.83 billion, at a CAGR of 4.6% during the forecast period. There are several companies that are contributing to the market as per this report.
Soil treatments with fungicides typically remain effective for weeks or months. Consequently, the demand for fungicides in soil treatment is anticipated to rise, contributing to the overall growth of the global fungicides market during the forecast period. Fungicides play a crucial role in agriculture by combating diseases caused by bacteria, such as galls, wilts, leaf spots, soft rot, scabs, and ulcers. They are also used to prevent food spoilage. Fungicides can be applied in liquid or granular forms and are available as both natural and synthetic products. Natural options include lemon juice and vinegar, while synthetic alternatives encompass chlorine and quaternary ammonium compounds.
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The growth of the bactericide market in the APAC region is primarily fueled by global vendors' investments in China and India, driven by the availability of affordable labor and raw materials. China, representing 25% of the world's population, is particularly attractive to international investors due to its technological advancements. Additionally, China's Water Pollution Prevention and Control Action Plan, also known as the Water Ten Plan, is expected to further stimulate market growth in the region throughout the forecast period.
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The Bactericide market encompasses a wide range of products used for disease control in both the agricultural sector and the maintenance of ornamental plants. Synthetic bactericides play a crucial role in protecting crops from pathogens such as fungi and bacteria, which can significantly impact crop yield and nutritional value. These microorganisms can lead to pest attacks, reducing the overall health and appeal of ornamental plants. The Pesticide industry offers various forms of bactericides, including agricultural fungicides, plant growth regulators, and nutrition enhancers. Cereals and grains, in particular, benefit from bactericides as they are susceptible to bacterial infections that can lead to significant losses. Bactericides come in various forms, including antibiotic-based (such as amides and dithiocarbamates), copper-based, and others. These products are available in different forms, including foliar spray, wettable powder, water dispersible granule, and liquid. Soil treatment is another application area for bactericides, ensuring cleaner crops and protecting the soil from harmful bacteria. Health awareness and the need for safer and cleaner crops have driven the demand for bactericides in recent years. As such, the market for bactericides is expected to grow significantly in the coming years, providing opportunities for companies in the Crop protection chemicals industry.
The global fertilizers and agricultural chemicals industry encompasses businesses engaged in the production of fertilizers and agrochemicals, as well as associated components. This sector comprises a range of offerings, including insecticides, herbicides, fungicides, nematicides, and fertilizers such as nitrogenous, phosphatic, potassic, and biofertilizers. According to Technavio's market analysis, the market size is determined by the earnings generated by manufacturers of diverse types of fertilizers and agricultural chemicals. Key growth drivers for this market include the rising number of new product introductions, as market participants continue to expand their product offerings through innovative launches.
The Bactericide Market is experiencing significant growth, fueled by the increasing demand for bactericide in agriculture sector. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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