Agricultural Fumigants Market, Business Development Forecasts and Analysis by 2024

Global Agricultural Fumigants Market size is escalating and is anticipated to grow at a healthy CAGR during the forecast period. Increasing global population has resulted in adopting improved methods for agricultural practices to protect agricultural produce, soil from pests, nematodes, soil insects, rodents, moles, etc. Agricultural fumigants are utilized pre-harvest and post-harvest both. In pre-harvest, fumigants are inserted into the soil to kill fungi or insects in crops, grains, etc. In post-harvest, it is utilised to reduce any damage to harvested crops from bugs, insects, termites by filling the space with toxic gases.

Increasing awareness among farmers about contamination free food has resulted in growing adoption of the product which is likely to have a positive influence on the agricultural fumigants market size over the projected timeframe. Rising concerns for saving post-harvest crops have resulted in improved storage technology which will make an effective contribution in agricultural fumigants market size in the coming years.

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Stringent regulations imposed by government against product use, as it contains poisonous gases which can pose serious harm for humans is expected to hamper the agricultural fumigants market size during the forecast period. For instance, fumigation is permitted to government certified applicators under defined standards and guidelines. Additionally, the U.S. has developed bio-fumigants to comply with safety regulations along with enhanced agricultural practices which is likely to hinder the agricultural fumigants market size over the coming years.

Agricultural fumigants market size is segmented based on form including solid, liquid and gaseous. Liquid form has attained the highest market share followed by gaseous form owing to its safe application and bulk usage for all kinds of agricultural commodities. However, gaseous agricultural fumigants market size is anticipated to attain high growth rate over the projected timeframe due to its ability to reach insects in stored grains and on soil and crops in the isolated places.

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Based on product, the agricultural fumigants market size is segmented into phosphine, meta-sodium, methyl bromide, chloropicrin and 1,3- dichloropropene. Methyl bromide has attained the highest market share over the past many years owing to broad application spectrum across stored product pest management as well as pre-plant soil fumigant. However, phosphine agricultural fumigant market share is anticipated to witness maximum growth by 2024, as it leaves minimal residue and is increasingly accepted in industry.

Based on application, the agricultural fumigants market size is divided into pre-harvest and post-harvest. Persistent need to reduce industry losses has led to increasing product application in post-harvest. For instance, post-harvest fumigation stops the commodity damage due to insect, weed, rodents, etc. growth in packed form in warehouses. Pre-harvest fumigation finds application in reducing growth in weed and eradicating parasites such as nematodes developed at the remote places in soil having great tendency to spoil crop production.

North America has attained the highest agricultural fumigants market size in 2016 due to increasing awareness among farmers for protecting crop production from insects, rodents, nematodes, etc. to cut down on agricultural commodity losses. However, Asia Pacific is likely to attain a higher CAGR during the forecast period due to growing agricultural practices particularly in India, China and Indonesia which is expected to propel the agricultural fumigants market size in the region over the projected timespan. Latin America agricultural fumigants market size is also likely to attain prominent gains in the coming years due to increasing capability of Brazil in adopting advanced agricultural practices and storing methods.

Key global agricultural fumigants market size was highly competitive in 2016 due to presence of numerous small, medium and large scale product manufacturers. Key business share contributors are BASF SE, DuPont, FMC Corporation, ADAMA Agricultural Solution Ltd., Syngenta AG, The DOW Chemical Company, Reddick Fumigants, LLC, Ikeda Kogyo Co., Ltd., Fumigation Services, Cytec Solvay Group, TriEst Ag Group, Inc., Degesch America Inc., UPL Group, VFC and Trical, Inc. The major market players have presence across multiple stages of industry ecosystem. For instance, BASF SE is engaged in manufacturing and distribution of agricultural fumigants across the globe.

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