Agricultural Fumigants Market to Surpass $3.62 Billion by 2029 | Key Trends & Insights

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How Will the Agricultural Fumigants Market Grow by 2025 in Terms of Size and Growth?
In recent times, there's been robust growth in the size of the agricultural fumigants market. The market is projected to expand from $2.38 billion in 2024 to $2.54 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.7%. This spurt of growth during the historical period can be credited to factors such as increased pest and disease management, necessity for food safety, population growth, economic progression, and a rise in agricultural production.

What Are the Estimated Growth Rates for the Agricultural Fumigants Industry Through 2029?
Over the coming years, the agricultural fumigants market size is projected to experience robust growth. It's estimated that by 2029, it will reach a value of $3.62 billion, with a compound annual growth rate (CAGR) of 9.2%. The predicted surge during this period can be linked to factors such as global trade and exports, escalating crop losses, growing demand for premium quality produce, and increased disposable income. As for key trends during the forecast period, these include biological fumigation, data-guided decision making, accurate application, eco-friendly fumigants, and strategic collaborations and partnerships.

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What Are the Strategic Drivers Boosting Agricultural Fumigants Market Performance?
The agricultural fumigants market is projected to expand due to the widespread occurrence of pest invasions. Insects, mites, nematodes, and gastropod molluscs regularly infect crops, potentially causing harmful effects on farming output, market accessibility, and individuals' day-to-day lives. Consequently, as pest infestations become more common, their management becomes vitally important, stimulating demand for agricultural fumigants. For example, the Food and Agricultural Organization of the United Nations, a U.S. specialized agency working globally to combat hunger and enhance food security and nutrition, states that between 20% and 40% of global crop yield is lost due to pest invasions. These plant afflictions drain $220 billion from the global economy annually, while intrusive insects cause losses of $70 billion. As a result, the increasing incidence of pest outbreaks is anticipated to spur the expansion of the agricultural fumigants market in the forecast period.

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What Are the Segments in the Agricultural Fumigants Market?
The agricultural fumigants market covered in this report is segmented -

1) By Type: Methyl Bromide, Chloropicrin, Phosphine, Metam Sodium, 1,3-Dichloropropene, Other Agricultural Fumigants
2) By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types
3) By Form: Solid, Liquid, Gaseous
4) By Pest Control Method: Vacuum Chamber Fumigation, Tarpaulin, Structural, Non-Tarp Fumigation By Injection, Other Pest Control Methods
5) By Application: Warehouse & Silos, Soil

Subsegments:
1) By Methyl Bromide: Methyl Bromide for Soil Fumigation, Methyl Bromide for Commodity Fumigation
2) By Chloropicrin: Chloropicrin for Soil Treatment, Chloropicrin for Structural Fumigation
3) By Phosphine: Solid Phosphine, Liquid Phosphine
4) By Metam Sodium: Metam Sodium for Soil Fumigation, Metam Sodium for Pest Control
5) By 1,3-Dichloropropene: 1,3-Dichloropropene for Soil Fumigation, 1,3-Dichloropropene for Commodity Fumigation
6) By Other Agricultural Fumigants: Dimethyl Disulfide (DMDS), Sodium Nitrate, Ethylene Oxide, Other Specialty Fumigants

What Are the Key Adoption Trends in the Agricultural Fumigants Market?
The growing trend of partnerships and agreements among companies is gaining traction in the agricultural fumigants market. Main players in this sector are concentrating on partnerships and agreements in an effort to create innovative solutions to curb pest invasions, fostering business growth in the process. Take for example, in January 2022, a deal was struck exclusively between Mustgrow, a Canadian agricultural biotechnology firm, and Bayer, for the examination of Mustgrow's biological technology across key agricultural areas to evaluate its effectiveness and financial viability. Bayer AG is a multinational pharmaceutical and life science entity based in Germany, dedicated to promoting human and plant health.

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Which Companies Lead the Competitive Landscape of the Agricultural Fumigants Industry?
Major companies operating in the agricultural fumigants market include ARKEMA SA, Nufarm Limited, Solvay SA, AMVAC Chemical Corporation, UPL Chemical Co., BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovations, Valent Biosciences, FMC Corporation, Dow AgroSciences LLC, ADAMA Agricultural Solutions, Chemtura Corporation, Degesch America Inc., Douglas Products and Packaging Company LLC, Ensystex II Inc., Janssen PMP, Nisus Corporation, Rentokil Initial plc, Sumitomo Chemical Co. Ltd., Certis USA LLC, Corteva Agriscience, DuPont de Nemours Inc., Gowan Company, Isagro S.p.A., Kenvos Biotech Co. Ltd., Nippon Kayaku Co. Ltd., SGS SA, Shenyang Fengshou Biochemical Co. Ltd.

Where Are the Key Agricultural Fumigants Market Opportunities by Region?
North America was the largest region in the agricultural fumigants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the agricultural fumigants market share during the forecast period. The regions covered in the agricultural fumigants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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