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Agricultural Fumigants Market is Set to Thrive and Reach USD 3.84 Billion by 2028
The overall Agricultural Fumigants Market is gauged to grow from USD 2.62 Billion in 2020 to USD 3.84 Billion by 2028, growing at a CAGR of 4.89%. The escalated growth in agricultural productivity has led to an increase in the adoption of advanced stored technology to protect crops against pests and increase awareness about chemical crop protection chemicals. Thus, Agricultural Fumigants Market helps in preventing post-harvest losses and it helps in adopting standard quality.
Key Findings
- Increasing pest & rodent infestations farmers are incorporating agricultural fumigants in crop production, especially for high-value crops.
- Asia-Pacific Agricultural Fumigants Market is projected to be largest between 2021-2028. It was also the largest consumer of agricultural fumigants in 2020, mainly because of better climate conditions.
- The tarpaulin fumigation had a dominant share in the agriculture fumigants in 2020. The use of tarpaulin is commonly used globally due to reasons like low cost, its simplicity, effectiveness, and easy availability.
- The Greenhouse segment is estimated to grow at the highest CAGR for the forecast period between 2021-2028. Most of the farmers tend to store their products in their houses or in warehouses. Therefore, commodities require fumigant of the entire stock to prevent damage by various types of insects.
Drivers: Increased focus on the reduction of post-harvest losses
Reduction of post-harvest food losses is a critical component for ensuring food security. Post-harvest losses arise from freshly harvested agricultural produce undergoing changes during handling. Post-harvest losses may be avoided by undertaking fumigation for pest prevention. As an example, the decay of citrus post-harvest is controlled by ammonia gas fumigation.
Opportunities: New
product launches as alternatives for bromide fumigation
Increasing
tolerance of pests toward bromide fumigation, followed by its phasing
out, has resulted in the adoption of suitable alternatives
for bromide for the management of stored products and to quarantine
pests. The alternatives for bromide fumigant include phosphine,
sulfuryl fluoride, carbonyl sulfide, ethyl formate, compound, methyl
iodide, and methyl isothiocyanate.
Challenges: Increasing labor costs and Other Expenses
Soil fumigation with volatile chemical content is regulated by various governing bodies. It's necessary to seek out the suitable fumigant for the numerous application base. Further, high labor costs are involved in applying these fumigants with handheld or manual injectors.
The Asia Pacific is projected to account for the most important market size during the Forecast Period
The Asia Pacific Agricultural Fumigants Market is projected to be the biggest between 2021 and 2028, while the Asia Pacific market is projected to grow at the highest CAGR. The Asia Pacific was the biggest consumer of agricultural fumigants in 2020, mainly owing to the conducive atmospheric condition. There's a high outbreak of pests and insects witnessed in warehouses, and other storage places, so as to forestall post-harvest losses, farmers go for agricultural fumigants to get profits.
Key Players
Some of the key players in the Agricultural fumigants market include BASF SE(Germany), Syngenta (Switzerland), ADMA (Israel), ARKEMA (Germany), Nufarm (Australia), Solvay (Belgium), Tessendrlokerley, Inc. (Belgium), UPL (India), AMVAC (US), Intertek (UK), Nipponchemical Industrial Co. Ltd. (Japan), among others.
The Agricultural Fumigants is segmented as follows:
-
Global Agricultural Fumigants Market: Product Type Segment Analysis
- Methyl bromide
- Phosphine
- Chloropicrin
- Metam sodium
- 1
- 3-Dichloropropene
- Others
-
Global Agricultural Fumigants Market: Application Segment Analysis
- Warehouse
- Soil
-
Global Agricultural Fumigants Market: Form Segment Analysis
- Solid
- Liquid
- Gas
-
Global Agricultural Fumigants Market: Segment Analysis
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others
Browse market data Tables and Figures
spread through
Pages and in-depth TOC on "Agricultural Fumigants Market by Product Type (Methyl bromide, Phosphine, Chloropicrin, Metam sodium, 1,3-Dichloropropene, Others), by Application (Warehouse, Soil), by Form (Solid, Liquid, Gas), , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"
View detailed Research Report here - https://www.vantagemarketresearch.com/industry-report/agricultural-fumigants-market-1053
By Region
- 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
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