The pesticide industry has witnessed the significant transformation in the past few years, in terms of methods used for crop protection. Food security is one of the key factors driving the growth of global bactericides market during the forecast period. Bactericide is a chemical that kills and prevents the growth of agricultural bacteria.
Global Bactericides Market- Drivers & Restraints
The bactericides market has been segmented on the basis of crop type. Among crop type, food crop is expected to remain dominant during the forecast period owing to its growing demand as a result of an increase in population globally. Recently, the focus of the agriculture industry has shifted towards the security of crops from bacteria. Farmers around the globe need to increase crop production, by improving productivity on existing agricultural lands by using bactericides to kill bacteria.
Global Bactericides Market: Regional Outlook
Globally, the bactericides market has been divided into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, Asia Pacific region, with a major chunk of its revenue generation from agriculture & allied sector is expected to dominate the global bactericides market. Countries such as China and India are expected to spearhead the global bactericides market.
Following are some of the key market players operating in the global bactericides market- Syngenta AG, BASF SE, Sumitomo Chemical Company, Limited, Bayer Crop Science AG, Nufarm Limited, FMC Corporation, Adama Agricultural Solutions Ltd., American Vanguard Corporation, PI Industries, Aries Agro Ltd., Biostadt India Limited, Fmc Corporation, Coromandel International etc. Moreover, many local and unorganized market players are also expected to contribute to the global bactericides market.