Agricultural Fumigants Market Worth 1,750.4 Million USD By 2023
According to this latest publication from Meticulous Research®, the global agricultural fumigants market is expected to grow at a CAGR of 4.8% from 2018 to 2023 to reach USD 1,750.4 million by 2023. The growth of this market is majorly driven by factors such as growing adoption of improved agricultural practices and advancement in storage technology, growing reduction in arable land, rising need to increase agriculture production, increasing post-harvest losses, and high prevalence of pest attacks. However, stringent government regulations, human and environmental hazards with the use of chemical fumigants, growing organic farming and demand for organic foods, and increase in use of alternatives to chemical fumigants may hinder the growth of this market to some extent.
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The global agricultural fumigants market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023- by type (phosphine, chloropicrin, 1,3-dichloropropene, metam sodium, and others), by application (warehouse and soil), by form (liquid, solid, and gaseous), by crop type (grains and cereals, oilseeds &pulses, fruits & vegetables, turf & ornaments, and other), by pest control method (tarpaulin fumigation, structural fumigation (tent), vacuum chamber fumigation, and others). The study also evaluates industry competitors and analyzes the market at regional and country level.
On the basis of type, phosphine commanded the largest share in global agricultural fumigants market in 2017. It is widely being used to control the pest in warehouses due to its broad-spectrum activity against the infested microorganisms. Also, factors such as its increasing use as an alternative to methyl bromide, high degree of penetration, easy availability, less toxic nature, and more effectiveness as compared to other fumigants fuels the demand for phosphine fumigants across the globe.
On the basis of application, warehouse application comprised the major share of the global market in 2017. The large share of this segment is mainly attributed to high adoption of fumigants in the food stock warehouses in North America and European countries and advancements in warehouse and storage facilities. However, soil application is set to be the emerging and rapidly growing segment, primarily due to the growing adoption of fumigants in the soil pest eradication at open field, nursery, greenhouse, and seed or transplant bed soils. Soil fumigants reach at every hard area where pests hide and where sprays, dusts, aerosols, and other typical pest control materials can’t reach; thus, it ensures complete pest eradication without affecting the quality of crops and help to increase agricultural productivity.
On the basis of form, liquid form segment captured a major share, while solid form expected to witness a fastest growth through 2023 in global agriculture fumigants market in 2017. The growth of this segment is mainly attributed to growing use due to its easy handling, safe applications, and least poisonous nature. Also, factors such as its ecofriendly nature and high effectiveness in the storage fumigation over the liquid and gaseous form fumigants are further propelling demand for solid form.
On the basis of crop type, grains and cereals dominated the overall market in 2017. The large share of this segment is mainly attributed to huge grain and cereal production and increasing pest attacks on grains and cereals during storage. However, fruits and vegetables segment expected to see fastest gains in demand, mainly due to the increase in area under fruits and vegetables cultivation as well as growing adoption of fumigation for perishable products to control nematodes and fungal diseases during the storage and transportation.
On the basis of pest control method, tarpaulin fumigation method is widely used due to factors such as its ability to reduce cost and time, safe and easy nature of application, ability to fumigate huge stock in single fumigation, and less risk to other metals during fumigation.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Spain, France, Italy, Germany, U.K., and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America (Brazil, Argentina, Chile, and RoLATAM), and Middle East & Africa. North-America captured a significant share of global market in 2017. The major share of this region is mainly due to growing reduction in arable land, adoption of improved agriculture practices, presence of key crop protection chemical manufacturers, huge production of cereals and grains, large number of warehouses and storage structures, and increasing need for sustainable agriculture.
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The major players operating in the global agricultural fumigants market are The Dow Chemical Company (U.S.), Syngenta International AG (Switzerland), Nufarm Limited (Australia), AMVAC Chemical Corporation (U.S.), ADAMA Agricultural Solutions Ltd. (Israel), BASF SE (Germany), UPL Limited (India), Marrone Bio Innovations, Inc. (U.S.), Isagro S.p.A. (Italy), Arkema Group (France), Solvay Group (Belgium), Eastman Chemical Company (U.S.), DEGESCH America, Inc. (U.S.), Reddick Fumigants, LLC. (U.S.), and Vietnam Fumigation J.S. (Vietnam).
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