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Agricultural Fumigants Market is expected to reach USD 2,661 million in 2029 and growing at a CAGR of 4.3% | Size & Global Analysis Report
Agricultural Fumigants Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/agricultural-fumigants-market/
The factors driving growth of the Agricultural Fumigants Market includes rise in the infestation of pets and insects at warehouses and other crop storage rooms, increasing application of fumigants in the production and storage of storage, growing demand for food and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing concerns related to post-harvest loses, rising awareness about the benefits of crop protection chemicals and rapid urbanization, are some of the additional factors supplementing the Agricultural Fumigants Market size. In addition, the increasing investments by leading players on research and development, strategic mergers, and collaborations between companies, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.
However, growth of the Agricultural Fumigants Market is hindered due to accumulation of residue during fumigation.
The prominent players operating in the Agricultural Fumigants Market are Trinity Manufacturing Inc., Vietnam Fumigation J.S Company, Syngenta, Douglas Products, Unites Phosphorous Limited, Nippon Chemical Industries Co. Ltd., MustGrow Biologics Inc., SGS SA, BASF SE and Eastman Chemical Company, among others.
Based on Product Type, the Phosphine segment is predicted to grow at a significant CAGR during the forecast period
Phosphine offers remarkable benefits such as high degree of penetration, easy accessibility, and enhanced efficiency. Phosphine is increasingly used in developing countries owing to its less toxic nature, is pushing growth of the segment.
Based on Application, the Warehouse segment is projected to expand at a remarkable CAGR over the forecast period
As per the Agricultural Fumigants Market Trends, increased adoption of warehouses because it is increasingly deployed to kill insects, nematodes, and other pests and maintains crop's quality and productivity, are some of the factors propelling segment's growth.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
According to the Agricultural Fumigants Market Analysis, growing demand for food across India, China and Singapore, Government initiatives to enhance production of grains, technological advancements in fumigants, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
In 2021, United Phosphorous Limited decided to collaborate with TeleSense to introduce monitoring solutions for post-harvest commodity storage and transportation to minimize food waste and increase farmer profitability.
In 2021, United Phosphorous Limited partnered with TeleSense to introduce monitoring solutions for post-harvest commodity storage and transportation to reduce food waste and increase farmer profitability.
Market Segmentation
Segmentation by Product Type
Methyl Bromide
Phosphine
Chloropicrin
Metam Sodium
1,3-Dichloropropene
Segmentation by Application
Soil
Warehouse
Segmentation by Pest-Control Method
Tarpaulin
Non-Tarp
Vacuum
Structural
Segmentation by Crop Type
Grains and Cereals
Oilseeds and Pulses
Fruits & Vegetables
Turfs and Ornaments
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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