Increasing population followed by rising need to enhance agricultural output is expected to provide potential opportunities for the agricultural fumigants industry.
In 2019, The global agricultural fumigants market size surpassed USD 1,600 million. In addition, it is projected to gather a CAGR of above 5% over the forecast years 2020-2028. Market growth is primarily driven by changing requirements related to crop protection techniques and post-harvest practices. Post-harvest losses are caused by changes to freshly harvested agricultural produce during handling. Post-harvest losses in foodstuffs are a measurable reduction and impact both quantity and quality of the food. The global population is projected to reach 9 billion by 2050, according to the United Nations Department of Economic & Social Affairs, further contributing to global food security concerns.
The report outlines the various aspects of the global agricultural fumigants industry by analyzing the market from global agricultural production statistics, technological advancement in crop protection methods, porter’s five forces analysis, PESTEL analysis, and value chain analysis. Moreover, the agricultural fumigants market report comprises qualitative content such as market barriers, important market drivers, and opportunities. Furthermore, the report provides competitive landscape of the market through company profiling.
In terms of geography, the global agricultural fumigants market is dominated by North America in 2019 and the market size for the same was valued at >USD 450 million. Increasing import of pesticides over the past few years in Germany, UK, France, and Italy followed by regulations related to soil protection chemicals are expected to drive the market. Asia Pacific region is expected to show promising growth in agricultural fumigants industry. Increasing population followed by rising awareness regarding crop protection techniques are expected to further drive the market.
Leading companies engaged in agricultural fumigants market are Rentokil, Degesch America, The DOW Chemical Company, UPL, Arkema, BASF, Nufarm, Nippon Chemical Industrial Co., Ltd, Syngenta, AMVAC, FMC Corporation, and Adama. Key companies present in the market are adopting new product development, technological advancement, research & development, investment, merger & acquisition, and partnerships to form strategies in order to stay competitive in the industry and strengthen their distribution network in order to increase their customer base.
Key Segments of the Global Agricultural Fumigants Market
Form Overview, 2018-2028 (USD Million)
Product Overview, 2018-2028 (USD Million)
- Dimethyl disulfide
- Methyl bromide
- Metam sodium
Regional Overview, 2018-2028 (USD Million)
- Rest of Europ
- Rest of Asia-Pacifi
Middle East and Africa
- South Africa
- Rest of Middle East and Afric
- Rest of South America