The agricultural fumigants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agricultural Fumigants Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The agricultural fumigants market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rise in pest and disease management, need for food safety, rise in population, economic growth, increasing agricultural production.
The agricultural fumigants market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to global trade and export, rising crop losses, increasing demand for high-quality produce, rising disposable income. Major trends in the forecast period include biological fumigation, data-driven decision making, precision application, sustainable fumigants, collaboration and partnership.
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Scope Of Agricultural Fumigants Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Agricultural Fumigants Market Overview
Market Drivers –
The high prevalence of pest attacks is expected to propel the growth of the agricultural fumigants market. Crops are regularly infected by various pests such as insects, mites, nematodes, and gastropod molluscs. Pest attacks can cause adverse and damaging impacts on agricultural production and market access, the natural environment, and people’s lifestyle. As the pest attack becomes more prevalent, the need to control them becomes much needed, driving the need for agricultural fumigants. For instance, according to the Food and Agricultural Organization of the United Nations (a specialized agency of the USA that leads international efforts to defeat hunger and improve nutrition and food security), approximately 20%-40% of the world’s crop production is lost due to pest attacks. Plant diseases cost the world economy $220 billion each year, while invasive insects cost $70 billion. Therefore, the increase in the prevalence of pest attacks is expected to drive the growth of agricultural fumigants during the forecast period.
Market Trends —
Increasing partnerships and agreements between the companies is a key trend gaining popularity in the agricultural fumigants market. Major companies operating in the agricultural fumigants market are focusing on partnerships and agreements to develop innovative solutions to reduce pest attacks and enable business growth. For instance, in January 2022, Mustgrow, a Canada-based agriculture biotechnology company, signed an exclusive agreement with Bayer to evaluate MustGrow’s biological technology in important agricultural regions to determine its efficacy and economic potential. Bayer AG is a Germany-based multinational pharmaceutical and life sciences contributing to the health of people and plants. Additionally, in January 2021, UPL Ltd., a global provider of sustainable agriculture solutions, formed a strategic alliance with TeleSense to introduce monitoring solutions for post-harvest commodity transport and storage. This alliance will help to progress toward food wastage by detecting and mitigating potential issues such as hotspots, excess moisture, and pests. It will complement the UPL’s robust range of gas monitoring, safety, and detection devices and fumigants portfolio. TeleSense is a US-based company offering remote grain storage and transportation monitoring systems.
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
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Regional Insights —
North America was the largest region in the agricultural fumigants market in 2023. 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.
Key Companies —
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.
Table of Contents
1. Executive Summary
2. Agricultural Fumigants Market Report Structure
3. Agricultural Fumigants Market Trends And Strategies
4. Agricultural Fumigants Market — Macro Economic Scenario
5. Agricultural Fumigants Market Size And Growth
…..
27. Agricultural Fumigants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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