AGRICULTURE BACTERICIDES MARKET ANALYSIS
Market Dynamics:-
Demand for food is increasingly due to increasing global population coupled with rising number of people suffering from food insecurity. For instance, according to the Ministry of Food Processing Industries and Government of India, the bakery market in India was valued at US$ 5,977 million in 2016, and is expected to exhibit at a CAGR of 10.98% during 2016-2020 to reach US$ 8,576 million by 2020. This is expected to increase demand for bactericide over the forecast period.
Moreover, increasing demand for crop safety with improved soil health is expected to fuel growth of the agriculture bactericide market over the forecast period. Manufacturers are focusing on production of agricultural bactericide, according to the stringent norms enforced in different countries. Product manufacturing based on government rules and regulations are expected to generate growth opportunities for agricultural bactericide manufacturers during the forecast period.
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