Agricultural Fumigants Market Worth $1.9 Billion by 2025 With a CAGR of 4.6%, According to Meticulous Research®
Pune, Maharashtra, February 11, 2020 (Wired Release) Meticulous Research® – leading global market research company published a research report titled “ Agricultural Fumigants Market by Type (Phosphine, Chloropicrin, Telone, Metam Sodium), Application (Warehouse, Soil), Form (Liquid, Solid), Pest Control Method (Tarpaulin Fumigation, Structural Fumigation (Tent)), and Crop Type – Global Forecast to 2025”
According to this latest publication from Meticulous Research®, the global agricultural fumigants market is expected to grow at a CAGR of 4.6% from 2019 to 2025 to reach $1.9 billion by 2025. This market is majorly driven by the adoption of improved agricultural practices and advancement in storage technology, rising reduction in arable land, growing need to increase agriculture production, increasing post-harvest losses, and high prevalence of pest attacks. In addition, emerging economies such as Asia pacific and Latin America provides significant opportunities for the stakeholders in overall agricultural fumigants market. However, factors such as stringent government regulations, human and environmental hazards with the use of chemical fumigants, growing organic farming and demand for organic foods, and emergence of alternatives to chemical fumigants obstructs the growth of this market to some extent.
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Key questions answered in the report-
Which are the high growth market segments in terms of type, application, form, crop type, pest control method, and countries?
What is the historical market for agricultural fumigants across the globe?
What are the market forecasts and estimates from the period 2019-2025?
What are the major drivers, restraints, and opportunities in the global agricultural fumigants market?
Who are the major players in the global agricultural fumigants market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global agricultural fumigants market?
What are the different strategies adopted by the major players in the global agricultural fumigants market?
What are the geographic trends and high growth countries?
Who are the local emerging players in the global agricultural fumigants market and how do they compete with the other players?
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Based on type, the global agricultural fumigants market is segmented into phosphine, chloropicrin, 1,3-dichloropropene, metam sodium, and others. Phosphine fumigants is estimated to hold the largest share of the global agricultural fumigants market in 2019. The large share of this segment is mainly attributed to its increasing usage in both developed and developing countries as an alternative to methyl bromide. Moreover, factors such as phosphine’s high degree of penetration, easy availability, less toxic nature, and more effectiveness as compared to other fumigants are further propelling growth of phosphine fumigants market.
Based on form, the global agricultural fumigants market is mainly segmented into liquid form, solid form, and gaseous form. Liquid form agricultural fumigant is estimated to command the largest share of the global agricultural fumigants market in 2019. However, solid form agricultural fumigant is expected to grow at the fastest CAGR during the forecast period, which is mainly attributed to its easy handling, safe applications, and least poisonous nature. Also, factors such as its eco-friendly nature and high effectiveness in the storage fumigation over the liquid and gaseous form fumigants are further propelling demand for solid form.
Based on application, the global agricultural fumigants market is mainly segmented into the warehouse application and soil application. Warehouse application is estimated to account for the largest share of the global agricultural fumigants market in 2019. The large share of this segment is attributed to the high prevalence of pest attack during storage, high adoption of the fumigants in the food stock warehouses in North America and European countries, advancement in warehouse and storage facilities, growing need of grain disinfection in the warehouses and storages, and increasing government financial assistance to warehouse industry, especially in developing countries.
This research report analyzes major geographies and provides comprehensive analysis of North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America is estimated to command the largest share of the global agricultural fumigants market in 2019. The major share of this region is mainly attributed to the rising reduction in arable land, adoption of improved agriculture practices, presence of key crop protection chemical manufacturers, increasing need for sustainable agriculture, higher efficiency of fumigants in terms of application, and increasing adoption of fumigants in the food stock warehouses. However, Asia-Pacific region is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the high consumption of the pesticides, huge area under the crop cultivation, growing need to minimize loss due to pest attacks, government initiatives to increase grain production, and storage of large quantity of agriculture commodities in warehouses or storage structures.
The key players operating in the global agricultural fumigants market are Dow Chemical Company (U.S.), Syngenta International AG (Switzerland), Nufarm Limited (Australia), AMVAC Chemical Corporation (U.S.), ADAMA Agricultural Solutions Ltd. (Israel), BASF SE (Germany), UPL Limited (India), Marrone Bio Innovations, Inc. (U.S.), Isagro S.p.A. (Italy), Arkema Group (France), Solvay group (Belgium), Eastman Chemical Company (U.S.), DEGESCH America, Inc. (U.S.), Reddick Fumigants, LLC (U.S.), and Vietnam Fumigation J.S Company (Vietnam) among others.
Asia-Pacific: The Fastest Growing Market
Asia-Pacific region is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the high consumption of the pesticides, huge area under crop cultivation, growing need to minimize loss due to pest attacks, government initiatives to increase grain production, and storage of large quantity of agriculture commodities in warehouses or storage structures.
Get key industry insights spread across 212 pages with 157 market data tables 49 figures charts from the market research report
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