AGRICULTURE BACTERICIDES MARKET ANALYSIS

Market Challenges And Opportunities

Market Outlook:-

On the basis of mode of application, foliar feeding segment is expected to account for largest market share over the forecast period, owing to its advantages such as easy usage and high efficiency. Moreover, on the basis of nature, inorganic agricultural bactericide, is expected to be dominant in the agricultural bactericide market during the forecast period. Furthermore, increasing crop protection through improving productivity using bactericides is expected to drive growth of the global agricultural bactericide market during the forecast period.

Asia Pacific region is expected to be dominant in the global agricultural bactericide market over the forecast period, owing to vast agricultural sector outlook in India. For instance, according to a report published by India Brand Equity Foundation (IBEF) in September 2019, during 2017-18, food grain production is India was estimated to be 284.83 million tons. However, factors such as high cost of bactericides and crop failures due to overdose of bactericide is expected to hinder growth of agricultural bactericide market over the forecast period.