Bactericide Market in Agriculture Worth 11.88 Billion by 2022

PUNE, India, February 27, 2017 /PRNewswire/ --

The report "Bactericide Market in Agriculture by Type (Copper-based, Dithiocarbamate, Amide, Antibiotic), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Application (Foliar Spray and Soil Treatment), Form, and Region - Global Forecast to 2022", published by Markets and Markets, the global market is estimated to be valued at USD 9.09 Billion in 2016 and projected to reach USD 11.88 Billion by 2022, at a CAGR of 4.6% from 2016.

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Browse 119 market data Tables and 52 Figures spread through 195 Pages and in-depth TOC on "Bactericide Market"

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Rise in need for food security for the growing population, and increase in crop loss owing to nutrient deficiency, along with change in farming practices (from traditional to conventional), have been of importance to the growth of the global Bactericide Market in agriculture. Bactericides are used for high-quality crop yield for the increasing population and its growing food demand. Hence, bactericides will be viewed as a business opportunity in the next six years. As a result, many multinational players have entered into the production of various types of bactericides, which can be used for crops.

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Significant growth expected in the dithiocarbamate segment 

Bactericides are highly used to control bacterial disease by specifically inhibiting or killing the bacterial causing the disease. They can be mixed with water, and hence easily applied through foliar spray, soil treatment. The ease in application mode has made these bactericides more convenient to use for the farmers. Dithiocarbamate are projected to be the fastest-growing types in the next six years.

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The cereals & grains segment projected to be the fastest-growing market during the forecast period 

Cereals & grains dominated the bactericides market in 2015; it is projected to grow at the highest CAGR of from 2016 to 2022. Rise in demand for cereals & grains, owing to the increased awareness regarding their nutritional benefits is driving the cereals & grains segment.