Agricultural Fumigants Market

The global Agricultural Fumigants market was valued at USD 2.62 Billion in 2020 and is projected to reach USD 3.84 Billion by 2028, growing at a CAGR of 4.89% from 2021 to 2028.

Agricultural fumigants are substances that are volatile and poisonous in nature and are helpful to control diseases that are caused due to nematodes, fungi, and weeds. They are inserted almost two feet inside the ground and an impermeable film is used to cover it before crops or trees are planted. The three commonly used agricultural fumigants include Methyl Bromide fumigants, Sulfuryl Fluoride fumigants, and Phosphide gas fumigants that are used for the treatment of pests. These fumigants can also be applied to control digging rodents under some conditions. The market is majorly driven by growing demand for food safety in various economies.

The global Agricultural Fumigants market report provides a thorough analysis of each segment including Product Type,Application and Form for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the global Agricultural Fumigants market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report covers an exhaustive analysis of Agricultural Fumigants industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Agricultural Fumigants industry.

The growing usage of fumigants for the production and storage of cereals and increase in focus on the reduction of post-harvest losses is anticipated to augment the growth of the agricultural fumigants market over the forecast period. This is owing to the advantages offered by using fumigants in the crop production over other methods of pest control. The use of fumigants can result in entire eradication of the pest and they can also reach pests that cannot be reached with conventional pest control materials or techniques. 

Furthermore, the increase in advancements in storage technology and change in farming practices along with improved fumigant efficiency in terms of application is also expected to fuel the growth of the market in the years to come. The shift in focus on increasing agricultural production and new product launches are further supporting the market growth in near future. 

The stringent regulations and accumulation of residue during fumigation along with increasing tolerance and proposed ban for methyl bromide is expected to hinder the growth of the market in the years to come. Additionally, volatile nature and potential hazards of application methods of fumigants may also limit the growth of the agricultural fumigants market during the forecast period.

Product Type  Analysis: Preview

On the basis of Product Type, the market is segmented into Methyl bromide, Phosphine, Chloropicrin, Metam sodium, 1,3-Dichloropropene, Others. Phosphine held the highest share in the global Agricultural Fumigants market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Warehouse, Soil. Soil accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Form Analysis: Preview

Based on Form, the market is segmented into Solid, Liquid, Gas. Soild dominates the global Agricultural Fumigants market and is expected to continue the same trend from 2021 to 2028. 

Based on geography, the global Agricultural Fumigants market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Agricultural Fumigants market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global Agricultural Fumigants market are Syngenta, ADAMA, ARKEMA, Nufarm, Solvay, Tessenderlo Kerley, Inc., SGS SA, UPL, AMVAC, Trinity Manufacturing, Inc., Douglas products, Intertek.. The global Agricultural Fumigants market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global Agricultural Fumigants market was valued at USD 2.62 Billion in 2020
• The global Agricultural Fumigants Market is projected to reach USD 3.84 Billion by 2028
• Asia Pacific held the highest share of the Agricultural Fumigants market in 2020
• Some of the major companies operating in the Agricultural Fumigants market are Syngenta, ADAMA, ARKEMA, Nufarm, Solvay, Tessenderlo Kerley, Inc., SGS SA, UPL, AMVAC, Trinity Manufacturing, Inc., Douglas products, Intertek.