Bactericides Market Trends

  • Report ID: 5085
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Bactericides Market Trends

Growth Drivers

  • Rising Pressure to Suffice the Food Demand – Along with growing incomes in emerging countries, the food demand is anticipated to increase by 59% to 98% by 2050. With a higher demand for food production, farmers strive to increase agricultural productivity. Bacterial diseases can significantly impact crop yield and quality. Therefore, the use of bactericides can help control bacterial infections and improve crop health, leading to increased productivity.
  • Increasing Adoption of Modern Farming Techniques– Modern farming often involves intensive agricultural practices, such as high-density planting, greenhouse cultivation, digital farming, or hydroponics. These practices can create favorable conditions for the spread of bacterial diseases due to increased plant density, humidity, and limited airflow. As a result, there is an increased need for bactericides to control and prevent bacterial infections in these intensive farming systems.
  • Growing Chemical Industries- The agriculture sector is dependent upon the chemical industry in order to protect crops from harming organisms that include chemical fertilizers, fungicides, and others.  Similarly, other sectors are also using chemicals for various applications, leading to a rise in the sale of the chemical. According to the European Chemical Industry Council, the world’s chemical sales in the year 2021 were 2.8 times more than twenty years ago.
  • Reduction in Arable Land– According to the United Nations Food and Agriculture Organization (FAO), arable land per person is expected to be one-third of what it was in 1970 by 2050. With reduced arable land, farmers may have limited options or crop rotation, leading to continuous cultivation of the same crops in the same fields. Continuous cropping can increase the buildup of bacteria in the soil, leading to higher disease pressures. Bactericides can be utilized to manage bacterial populations and reduce the risk of disease outbreaks in these constrained cropping systems.

Challenges

  • Resistance Development Over Time – Bacterial pathogens have the ability to develop resistance to bactericides over time. Continuous and indiscriminate use of bactericides can contribute to the development of resistant strains, rendering certain bactericides less effective. This necessitates the development of new and innovative bactericides through the integration of alternative control strategies to manage resistant bacteria effectively.
  • Environmental Concerns Associated with Bactericides
  • Adoption of Integrated Pest Management (IPM)

Bactericides Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.2%

Base Year Market Size (2024)

USD 9.84 billion

Forecast Year Market Size (2037)

USD 16.8 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Nilanjana Ray


  • Report ID: 5085
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of bactericides is assessed at USD 10.17 billion.

The bactericides market size was over USD 9.84 billion in 2024 and is projected to reach USD 16.8 billion by 2037, growing at around 4.2% CAGR during the forecast period i.e., between 2025-2037. Increasing production of food, crop destruction due to infestation and growing demand for crops will drive the market growth.

Europe industry is expected to hold largest revenue share of 36% by 2037, backed by higher contribution of the agriculture sector to European GDP.

The major players in the market include Bayer Crop Science AG, Syngenta Crop Protection AG, Biostadt India Limited, BASF SE, Nufarm Agriculture, Inc., Sumitomo Chemical Company Ltd., FMC Corporation, Adama Agricultural Solutions Ltd., PI Industries, Aries Agro Ltd.
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