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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

A bacteriocide or bactericide, is a disinfectant, antibiotic or antiseptic that is used for killing bacteria. Bactericide is used for killing harmful bacteria while causing no harm to good bacteria. There are many commercially available bactericide that are used for outdoor and indoor plants.

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.

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.

Key Players:-

Key manufacturers in the agricultural bactericide market include Bayer Crop Science AG, Syngenta AG, Biostadt India Limited, BASF SE, Nufarm Limited, Sumitomo Chemical Company, FMC Corporation, Adama Agricultural Solutions Ltd., Corporation, PI Industries, Aries Agro Ltd., American Vanguard, Coromandel International, and others.

Market Taxonomy:-

On the basis of product type, the global agricultural bactericides market is segmented into:

  • Copper-based
  • Amide-based
  • Dithiocarbamate-based
  • Others

On the basis of form, the global agricultural bactericides market is segmented into:

  • Liquid
  • Powder
  • Gas

On the basis of nature, the global agricultural bactericides market is segmented into:

  • Organic
  • Inorganic

On the basis of mode of application, the global agricultural bactericides market is segmented into:

  • Foliar Feeding
  • Soil Treatment

On the basis of crop type, the global agricultural bactericides market is segmented into:

  • Food Crops
  • Plantation Crops
  • Cash Crops
  • Horticulture Crops

On the basis of region, the global agricultural bactericides market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • New Zealand
    • Japan
    • ASEAN
    • Australia
  • Middle East
    • Gulf Copperation Council (GCC)
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • South Africa
    • Central Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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