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The bactericide market is estimated to grow at a CAGR of 4.15% between 2022 and 2027. The size of the market is forecast to increase by USD 1,582.27 million. The growth of the market depends on several factors, including the increasing demand for bactericides in the agriculture sector, the rise in demand in developing countries, and the increasing demand for effective solutions for better soil protection.
This report extensively covers market segmentation by application (soil treatment and foliar spray), type (dry and liquid), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for bactericides in the agriculture sector is notably driving market growth, although factors such as the side effects associated with bactericides may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Bactericide Market Driver
Increasing demand for bactericides in the agriculture sector is the key factor driving the growth of the global bactericide market. Demand for fungicides is increasing in the agricultural industry as farmers seek to protect their crops from harmful bacteria. Fungicides are chemicals that kill or inhibit the growth of bacteria and can be applied to seeds, soil, or plants. A wide variety of fungicides are available on the market, and new products are constantly being developed to meet farmers' needs. The increasing demand for bactericides is driven by the growing global population and the need for more food production.
With more people on the planet, there is a greater demand for all types of food, including fruits, vegetables, grains, and meat. This increased demand has put pressure on farmers to increase their yields, which has, in turn, led to a greater need for effective crop protection products like bactericides. As the global population continues to grow and the demand for food increases, it is likely that the demand for bactericides will continue to rise. Farmers must be prepared to meet this demand by using these important crop protection products judiciously and keeping up with the latest developments.
Significant Bactericide Market Trend
Increasing use of bactericides in organic farming is the primary trend in the global bactericide market growth. The use of bactericides in organic farming is on the rise as farmers look for ways to combat various plant pathogens. While many organic farmers initially shunned the use of any synthetic materials, the increased prevalence of crop diseases has led many to reconsider their position. Bactericides can be an important tool in the fight against plant diseases, and organic farmers are increasingly turning to them to help protect their crops.
Moreover, bactericides can be an effective way to control plant diseases, and they have certain advantages over other methods, such as chemical fungicides. Bactericides are specifically targeted at bacteria, so they are less likely to harm beneficial fungi or other organisms in the soil. They also break down quickly in the environment, so there is less risk of residue build-up on crops or in the soil.
Major Bactericide Market Challenge
The side effects associated with bactericides are a major challenge to the growth of the global bactericide market. Bactericides are chemicals used to kill bacteria. They are most often used in situations where there is a high risk of bacterial infection, such as agriculture. Fungicides are very effective in preventing or treating bacterial infections in plants, but these fungicides also have side effects for those who use them (farmers).
The most common side effects of bactericides in people (farmers) include skin irritation, gastrointestinal issues, and allergic reactions. In some cases, more serious side effects, such as liver or kidney damage, have been reported by end-users, including farmers. Hence, such factors are expected to hinder the growth of the market in focus during the forecast period.
Key Bactericide Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Bactericide Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BioSafe Systems LLC: The company offers bactericides such as Guarda, Oxidate 2.0. Also, this segment focuses on the manufacturing of biodegradable crop protection, sanitation, and water treatment products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the soil treatment segment will be significant during the forecast period. Soil treatments with fungicides usually last for weeks or months, because of this the demand for fungicides in the soil treatment segment is expected to increase, which is likely to drive the growth of the global fungicides market during the forecast period.
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The soil treatment segment was valued at USD 5,455.79 million in 2017 and continued to grow by 2021. Soil treatment with fungicides is an important part of agriculture. Fungicides are used to fight bacteria that can cause disease in plants such as galls and growths, wilts, leaf spots, leaf spots, soft rot, scabs, and ulcers. They are also used to fight bacteria that can cause food spoilage. Fungicides can be applied as liquids or granules and are available as both natural and synthetic products. Natural sanitizers include lemon juice and vinegar, while synthetic sanitizers include chlorine and quaternary ammonium compounds. The above factors will increase the market growth during the forecast period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The factor that drives the growth of the bactericide market in APAC is investments by global vendors in China and India due to the availability of inexpensive labor and raw materials. China, which accounts for 25% of the global population, is a key country for investments by global vendors due to technological advances in the country. The country`s Water Pollution Prevention and Control Action Plan, also called the Water Ten Plan, is also one of the factors that will drive the growth of the market in the region during the forecast period.
The outbreak of COVID-19 led to the imposition of stringent lockdown restrictions by the governments of several countries in 2020, which severely impacted logistics and supply chain operations in APAC. However, conditions improved in 2021, owing to the initiation of large-scale COVID-19 vaccination drives and the resumption of agricultural activities in the region. Also, owing to the removal of lockdowns, the supply chains were restored, and manufacturing units of bactericide solutions resumed their operations. Such factors are expected to drive the growth of the regional bactericide market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global bactericide market as a part of the global fertilizers and agricultural chemicals market within the overall global chemical industry. The market covers fertilizers such as nitrogen, phosphorus, potassium, calcium, magnesium, sulfur, chlorine, iron, boron, manganese, zinc, copper, molybdenum, and nickel. Agricultural chemicals include insecticides, fungicides, herbicides, bio-pesticides, fumigants, and rodenticides. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Bactericide Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.15% |
Market growth 2023-2027 |
USD 1,582.27 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.61 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key countries |
China, France, Spain, Italy, and Brazil |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMVAC Chemical Corp., BASF SE, Bayer AG, BioSafe Systems LLC, Dhanuka Agritech Ltd., Hawthorne Gardening Co., MBBT CHEMICAL Co., Nikki Universal Co. Ltd., Nippon Soda Co. Ltd., Nufarm Ltd., OmniLytics Inc., PI Industries Ltd., SePRO Corp., Sharda Cropchem Ltd., Sibbiopharm Ltd., Sumitomo Chemical Co. Ltd., SupplyTrade Ltd., Biostadt India Ltd., FMC Corp., and Syngenta Crop Protection AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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