Growth Opportunity & Challenges for Key Players in Agricultural Fumigants Market

The Agricultural Fumigants Market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2% during the forecast period.

The increase in agricultural productivity has led to an increase in the adoption of advanced storage technology to protect crops against pests, as well as to maintain the quality of the crops. Thus, fumigation technology helps in preventing post-harvest losses and helps in obtaining the standard quality. In addition, fumigation helps in the thorough cleaning of storage areas, silos, or warehouses.

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Opportunities: New product launches as alternatives for methyl bromide fumigation

Increasing tolerance of pests toward methyl bromide fumigation, followed by its phasing out, has resulted in the adoption of suitable alternatives for methyl bromide for the management of stored products and to quarantine pests. The alternatives for methyl bromide fumigant include phosphine, sulfuryl fluoride, carbonyl sulfide, ethyl formate, hydrogen cyanide, carbon disulfide, methyl iodide, and methyl isothiocyanate. Hence, manufacturers are focusing on new product developments by investing in R&D activities for active ingredients that can inhibit resistant insects by using these alternative fumigants.

Challenges: Increasing labor costs and other expenses

Soil fumigation with volatile chemical content is regulated by various governing bodies. It is necessary to find the appropriate fumigant for the varied application base. Further, high labor costs are involved in applying these fumigants with handheld or manual injectors. The main costs associated with fumigation are the costs required for equipment and labor. Only pest control experts that are certified fumigators are permitted to provide fumigation treatment. Fumigation is a highly technical procedure that requires skilled operators using special materials and gas measurement devices.

The key product/service providers in this market include BASF SE (Germany), Syngenta (Switzerland), ADAMA (Israel), ARKEMA (Germany), Nufarm (Australia), Solvay (Belgium), Tessenderlo Kerley, Inc. (Belgium), SGS SA (Switzerland), UPL (India), AMVAC (US), Trinity Manufacturing, Inc. (Germany), Douglas products (US), Intertek (UK), Nippon Chemical Industrial Co., LTD. (Japan), and MustGrow Biologics, Inc (Canada).

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I am a market research analyst in agriculture and food & beverages domain