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Crop Bactericides Market Trends

Report ID: GMI10419
Published Date: Jul 2024
Report Format: PDF

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Crop Bactericides Market Trends

Current trends in the market include a growing shift towards sustainable and environmentally friendly solutions. There is increasing demand for bio-based and organic bactericides, driven by consumer and regulatory pressures for safer agricultural practices. Integrated pest management (IPM) approaches that combine bactericides with cultural and biological controls are gaining traction, promoting holistic pest and disease management strategies. Technological advancements in formulation and delivery systems are enhancing efficacy and reducing environmental impact. Additionally, there is a rising focus on precision agriculture and digital solutions, enabling more targeted and efficient application of bactericides, thereby optimizing resource use and reducing costs.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Crop bactericides industry size was worth USD 9.6 billion in 2023 and will grow at a 4.5% CAGR between 2024 and 2032 due to increasing global food demand amidst challenges like pest resistance and climate change.

The liquid segment will record USD 9.7 billion by 2032, driven by its ease of application, effective coverage, flexibility in dosage and application methods, and quick absorption by plants.

North America industry will expand to a 4.7% CAGR by 2032, attributed to extensive agricultural practices, advanced farming technologies, and stringent regulatory standards.

Prominent players operating in the crop bactericides industry are 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, and NufarmLimited, among others.