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Agricultural Fumigants Market worth $8.12 billion by 2030, growing at a CAGR of 8.18% - Exclusive Report by 360iResearch
Agricultural Fumigants Market | 360iResearch
The Global Agricultural Fumigants Market to grow from USD 4.68 billion in 2023 to USD 8.12 billion by 2030, at a CAGR of 8.18%.
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Agricultural fumigants are chemical compounds that control pests, weeds, fungi, and other harmful organisms in soil, stored grains, and produce. These volatile substances effectively sterilize the environment in which they are applied, reducing or eliminating the propagation of undesirable elements that could compromise agricultural yield, quality, and safety. Fumigants are powerful tools in ensuring crop health and are vital for meeting both the food safety standards that protect consumers and the high-quality expectations that uphold market values. Agricultural fumigants are applied in pre-planting processes, post-harvest storage, and during transportation of agricultural commodities. End-users typically include but are not limited to, commercial farming operations, grain storage facilities, and transportation companies involved in the handling of agricultural produce. The scope of these fumigants extends to ensuring the quality of the produce through the supply chain, from farm to table. Factors that stimulate the growth of the agricultural fumigants market include increasing focus on agriculture production, reduction of post-harvest losses, rising insect population due to climatic changes, and advances in storage technology. However, adopting agricultural fumigants faces certain challenges, such as the proposed ban on methyl bromide, the potential hazards of applying fumigants, and the special license required to handle fumigation services. Other challenges include the potential health hazards to workers and the development of pest resistance to conventional fumigants. On the other hand, increasing awareness among farmers about contamination-free food, innovations geared towards reducing environmental impact, such as the research on biodegradable fumigants, leveraging technologies for precise application, such as fumigation drones, and exploring untapped markets in developing regions represent significant potential for market players.
In the United States, the demand for agricultural fumigants is driven by a strong focus on maintaining high crop yield and quality. Stringent regulatory frameworks by agencies such as the Environmental Protection Agency (EPA) influence customer purchasing behavior, with a pronounced shift towards environmentally friendly and sustainable products. Canadian agricultural practices necessitate fumigants due to the cold climate, which can exacerbate pest issues in stored crops. South America shows significant potential for agricultural fumigants, primarily in countries such as Brazil and Argentina, given their large agricultural sectors. The market is witnessing transition due to the increasing need for high crop yields to meet domestic and export demands. However, there is also a growing concern about the health and environmental impacts of chemical fumigants, which could lead to tighter regulations affecting market growth. In Europe, the agricultural fumigants market is regulated by strict policies pertaining to the use of chemical products in agriculture. Consumer behavior in the region is swayed by environmental consciousness and food safety concerns, leading to significant research into alternative fumigation methods and bio-fumigants. Innovative solutions and patents from the EU often center around reducing chemical residues and promoting organically certified products. In the Middle East, the agricultural fumigants market is relatively small but growing due to increased food production and the demand for efficient storage. Africa's expansive and varied agricultural landscape presents a vast potential market for agricultural fumigants. The need is driven by challenges associated with post-harvest losses and pest management. The APAC region is expected to experience significant development in the agricultural fumigants market, led by countries such as China, India, and Australia. The region benefits from a massive agricultural sector where fumigants play a vital role in pest control for various crops. Research and development are robust in Japan, yielding patented technologies that improve fumigant safety and application precision. India, with its reliance on agriculture, faces substantial crop losses due to pests and diseases. The demand for fumigants is high, particularly in post-harvest storage.
Market Segmentation & Coverage:
This research report categorizes the Agricultural Fumigants Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Crop, market is studied across Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses. The Cereals & Grains commanded largest market share of 37.90% in 2023, followed by Oilseeds & Pulses.
Based on Form, market is studied across Gaseous, Liquid, and Solid. The Gaseous is further studied across Methyl Bromide and Sulfuryl Fluoride. The Liquid is further studied across 1,3-Dichloropropene, Carbon Disulfide, Carbon Tetrachloride, Chloropicrin, and Ethyl Acetate. The Solid is further studied across Aluminum Phosphide and Calcium Cyanide. The Liquid commanded largest market share of 51.72% in 2023, followed by Gaseous.
Based on Function, market is studied across Fungicides, Herbicides, Insecticides, and Nematicides. The Fungicides commanded largest market share of 45.44% in 2023, followed by Herbicides.
Based on Pest Control Method, market is studied across Non-Tarp Fumigation By Injection, Structural Fumigation, Tarpaulin Fumigation, and Vacuum Chamber Fumigation. The Structural Fumigation commanded largest market share of 35.05% in 2023, followed by Non-Tarp Fumigation By Injection.
Based on Application, market is studied across Soil Treatment and Warehouse. The Warehouse commanded largest market share of 67.38% in 2023, followed by Soil Treatment.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.19% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Agricultural Fumigants Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Agricultural Fumigants Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Agricultural Fumigants Market, highlighting leading vendors and their innovative profiles. These include AMVAC Chemical Corporation, Arkema SA, BASF SE, Bayer AG, DEGESCH America, Inc., Douglas Products, Dow Chemical Company, Draslovka Holding a.s., Eastman Chemical Company, FMC Corporation, Imaflex Inc., Imtrade CropScience, Intertek Group PLC, Isagro S.p.A., Lanxess AG, Nippon Chemical Industrial Co.,Ltd., Novozymes A/S, Nufarm Limited, Pro Farm Group Inc., Rentokil Initial PLC, Royal Agro Organic Pvt. Ltd., SGS SA, Solvay S.A., Syngenta Crop Protection AG, Tessenderlo Group, TriCal Group, Trinity Manufacturing, Inc., and UPL Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Agricultural Fumigants Market, by Crop
7. Agricultural Fumigants Market, by Form
8. Agricultural Fumigants Market, by Function
9. Agricultural Fumigants Market, by Pest Control Method
10. Agricultural Fumigants Market, by Application
11. Americas Agricultural Fumigants Market
12. Asia-Pacific Agricultural Fumigants Market
13. Europe, Middle East & Africa Agricultural Fumigants Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Agricultural Fumigants Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Agricultural Fumigants Market?
3. What is the competitive strategic window for opportunities in the Agricultural Fumigants Market?
4. What are the technology trends and regulatory frameworks in the Agricultural Fumigants Market?
5. What is the market share of the leading vendors in the Agricultural Fumigants Market?
6. What modes and strategic moves are considered suitable for entering the Agricultural Fumigants Market?
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