Agricultural Fumigants Market to Grow with a CAGR of 4.81% through 2028
Innovation in fumigant products and expansion of
farmlands into pest-prone areas is expected to drive the Global Agricultural
Fumigants Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Agricultural
Fumigants Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Agricultural Fumigants
Market stood at USD
2.45 Billion in 2022 and is anticipated to grow with a CAGR of 4.81% in the forecast
period, 2024-2028. The Global Agricultural Fumigants Market is driven by
growing demand for higher agricultural yield due to the increasing population
globally. Additionally, the rising instances of pest attacks on crops
necessitate the use of fumigants, further driving the market. Government initiatives to promote agricultural
practices and advancements in technology in the field of pest control also
contribute to the market growth. However, stringent regulations regarding
fumigant usage and growing environmental concerns may restrict the growth of
the market.
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The global agricultural fumigants market is
experiencing substantial growth driven by increasing agricultural production
and rising food security concerns. Fumigants, which are chemical substances
used for pest control, soil disinfection, and post-harvest applications, play a
crucial role in combating a wide range of pests such as insects, nematodes, and
pathogens. By effectively eliminating these pests, fumigants contribute to
preserving crop yields and ensuring food safety. In addition to their pest
control properties, fumigants are also gaining recognition for their ability to
enhance the shelf-life of stored agricultural products. This is particularly
important in reducing post-harvest losses and improving the overall quality of
produce. As consumer demand for fresh and high-quality food continues to rise,
the use of fumigants becomes increasingly essential in maintaining product
integrity and extending the shelf-life of perishable goods.
Furthermore, the agricultural industry is witnessing
advancements in eco-friendly fumigants and integrated pest management
practices. These innovations aim to minimize the environmental impact of
fumigants while maximizing their efficacy in pest control. By adopting
sustainable and integrated approaches, farmers and agricultural practitioners
can effectively manage pests while minimizing harm to the environment and
promoting long-term agricultural sustainability.
Overall, the future of the global agricultural
fumigants market looks promising, driven by the increasing adoption of
eco-friendly solutions and the growing emphasis on integrated pest management
practices. As the world continues to face challenges in food security and
sustainable agriculture, the role of fumigants in ensuring crop protection and
post-harvest preservation will remain crucial for the agricultural industry's
growth and development. As technology advancements continue, new and innovative
fumigant formulations are expected to emerge, further enhancing the
effectiveness and environmental sustainability of pest control practices in
agriculture. With continuous research and development, the field of fumigants
is poised to evolve and contribute significantly to the global agricultural
landscape.
The Global Agricultural Fumigants Market is segmented
into product type, crop type, form, function, application, pest control method,
regional distribution, and company.
Based on form, in the global agricultural fumigants
market, the liquid form of fumigants dominates the industry. This dominance can
be attributed to various factors that make liquid fumigants highly preferred by
farmers and agricultural businesses. One key advantage of liquid fumigants is
their convenience of application. Farmers find it easier to apply liquid
fumigants, which saves time and effort during the pest control process.
Moreover, liquid fumigants offer effective pest control, ensuring the comprehensive
extermination of pests and diseases. Their ability to infiltrate the soil more
thoroughly enables them to reach pest hiding places, thereby safeguarding crop
health and maximizing yield.
In addition to their convenience and effectiveness,
liquid fumigants are known for their ease of handling and storage. Farmers
appreciate the simplicity of the application process, as it minimizes the risk
of mishandling or accidents. The ease of storage also contributes to the
popularity of liquid fumigants, as farmers can manage their inventory more
efficiently. Overall, liquid fumigants have a proven track record in pest
management and play a crucial role in ensuring the productivity and
sustainability of agricultural practices worldwide. Their dominance in the
market is a testament to their effectiveness and the trust placed in them by
farmers. Based on region, North America stands at the forefront
of the Global Agricultural Fumigants Market for several compelling reasons.
This region boasts highly advanced farming practices, leveraging cutting-edge
technologies and innovative techniques to optimize crop production. With a
well-established agricultural industry, North America benefits from a robust
infrastructure, extensive research and development capabilities, and a skilled
workforce dedicated to agricultural excellence. Moreover, the government in
North America provides steadfast support for crop protection, offering
comprehensive policies and initiatives that safeguard agricultural yields. This
unwavering commitment to crop protection ensures the resilience and
sustainability of the agricultural sector in the face of pests and diseases,
which are prevalent in the region.
Furthermore, the increasing global demand for
high-quality agricultural products further reinforces the significance of
agricultural fumigants in North America. By effectively mitigating the risks
posed by pests and diseases, agricultural fumigants enable farmers to deliver
premium-quality crops that meet the stringent requirements of discerning
consumers worldwide. In recent years, North America has also witnessed a
significant shift towards sustainable farming practices. The adoption of
modern, environmentally-friendly farming methods further enhances the region's
dominance in the agricultural fumigants market. By prioritizing sustainability
and embracing eco-friendly alternatives, North American farmers uphold their
commitment to responsible agriculture while continuing to meet the growing
demand for food and agricultural products.
Major companies operating in Global Agricultural
Fumigants Market are:
- BASF SE
- ADAMA Ltd.
- Dow Inc.
- FMC Corporation
- UPL Limited
- Degesch GmbH
- Nufarm Ltd.
- American Vanguard Corporation
- Nippon Chemical Industrial Co., Ltd.
- Arkema SA
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“The future of the global agricultural fumigants
market appears extremely promising, reflecting the ever-increasing need for
high-quality agricultural produce and the growing concerns over post-harvest
losses worldwide. As modern farming practices continue to gain traction and
awareness about soilborne diseases rises, the demand for efficient fumigants is
expected to witness a significant surge. Moreover, with ongoing advancements in
fumigant technology and the implementation of stringent food safety regulations,
the agricultural fumigants market is poised for even greater growth in the
foreseeable future. These factors, combined with the continuous efforts to
enhance crop protection and minimize yield losses, are expected to solidify the
market's position and drive its expansion to new heights.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Agricultural Fumigants Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (Methyl
Bromide, Phosphine, Chloropicrin, Metam Sodium, 1, 3- Dichloropropene and
Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits
& Vegetables and Others), By Form (Solid, Liquid and Gaseous), By Function
(Nematicides, Insecticides, Fungicides, Herbicides), By Application (Soil and
Warehouse), By Pest Control Method (Tarpaulin Fumigation, Non-Tarpaulin
Fumigation by Injection, Structural Fumigation, Vacuum Chamber Fumigation and
Others), By Region and Competition”, has evaluated
the future growth potential of Global Agricultural Fumigants Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agricultural Fumigants Market.
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