Global Agricultural Antibacterials Market 2019: Development Factors, Increasing Demand, Current Trend, Key Business Strategies with Detailed Analysis and Forecast 2024

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Global Agricultural Antibacterials Market has been thoroughly analyzed in the report for an inclusive understanding. The report includes several sections that offer indicative market insights. In the report, readers will come across analysis of market dynamics.

Global Agricultural Antibacterials Market 2019-2024:
The global agricultural antibacterials market was valued at USD 9.73 billion in 2017 and is expected to register a cagr of 3.9% during the forecast period 2019-2024. Europe is the largest market for agricultural antibacterial market holding the highest market share of the total revenue.
- Increasing demand for food, challenging environmental factors and decreasing per capita farmland are the major factors that are driving the market.

This study presents the Agricultural Antibacterials production, revenue, market share and growth rate for each key company, and also covers the breakdown data by regions, type and applications.

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Scope of the Global Agricultural Antibacterials Market Report:
The increasing productivity of food crops to meet the growing demand for the food has given an opportunity to the market players to identify new potential markets. The changing environmental factors are the major reason for pest attacks including disease caused by the microbes. Farmers are adopting new cultivation practices to face the challenges including pest attack faced by them, this will have a positive effect over the agricultural antimicrobials market.

Key Market Trends of Global Agricultural Antibacterials Market:
Growing demand for food and Shrinking arable land
The global population is increasing exponentially, according to the US Population Division, the world’s human population has increased nearly fourfold in the past 100 years and is projected to reach 9.2 billion by 2050. Although the new plant technologies are continuously being developed to fight pest attacks, they are also leading to the development of new strains of pests developing resistance to the technology. Supplying food to this growing population has become a global threat due to decreasing Per capita farmland, various crop pests including weeds.

According to the UN Population Division, the largest population increase is projected to occur in Asia (particularly in India, China, and Southeast Asia), accounting for 60% or more of the global population, by 2050. Large quantities of crop protection chemical including herbicide are expected to be required in this region, in order to increase food production for the growing population.

Cereals and Grains is the fastest growing segment:
Cereals & grains has the huge potential to be the fastest growing segment as this segment constitutes for the major consumption compared to other crop types. Most of the global population depends on the cereals & grains like corn, rice, wheat, oats, barley rye, and other crops for their food as they are rich in carbohydrates, fiber, and other nutritional contents. According to FAO, the global production of cereals has reached 7,043,362 metric ton in 2017 from 7,005,647 metric ton in 2016. Major cereals like wheat, maize, and barley are expected to witness the growth in the production and paddy is expected to remain close to the 2018 production. As the production of cereals & grains is huge, leading agricultural antibacterial products consumption to increase in the upcoming years, reflecting in the fastest growth of antibacterials for cereals & grains.

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Competitive Landscape of Global Agricultural Antibacterials Market:
The agricultural antibacterials market is a fragmented market dominated by few major players like BASF SE, Syngenta, Nufarm, Bayer CropScience, and DowAgroscience LLC. Mergers, Acquisition, partnership, expansion, innovation are some of the strategies adopted by the major players in the market.

Reasons to Purchase Global Agricultural Antibacterials Market Report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

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Release ID: 88912643

Name: Hector Costello
Email: Send Email
Organization: Orbis Research