Global Agricultural Fumigants Market-Segmented by Type, Application, Form, and Geography-Growth, Trends, and Forecast (2018-2023)

The global market for agricultural fumigants was valued at USD 1422.49 million in 2016 and is expected to grow with a CAGR of 5.22% during the forecast period (2018-2023). On the basis of type, the phosphine-based fumigant product segment had the largest market share of 26% in 2016 and is expected to remain the fastest-growing segment during 2018 to 2023. The 1, 3-D-based fumigant product segment is expected to witness a CAGR of 5.29%, during the forecast period.

Major Players: Dow-Dupont, Amvac Chemical, Syngenta, and Upl Group, Among Others.

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Shift to Advanced Farming Practices

With an increase in the disposable income, farmers are adopting modern farming technologies to increase the crop yield. Many companies are also investing in numerous new storage technologies and integrating advanced fumigant technologies, which will help in improving storage technologies and reducing post-harvest losses. For example, companies, like Degesch Corporation, are focusing on developing wireless sensors that help in the controlled release of fumigants and automation of fumigation.

 Product Application Issues

 Fumigants cause several problems, including possible phytotoxicity, depending on the type of crop and its variety, seasonal conditions, humidity, temperature, fumigant concentration, and duration of treatment. Methyl bromide comes packaged as compressed gas in canisters, it is a colorless, odorless, and tasteless gas, therefore, it cannot be detected without specifically designed measuring devices. Combine these facts with its high toxicity as a respiratory poison, it is recommended to be used by professional fumigators only.

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 Reasons to Purchase this Report

To understand the growth trends of the global agricultural fumigants market in key manufacturing countries. Growth forecast is provided for 2018 – 2023, which is crucial in identifying prospective markets with greater growth potential
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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