Agricultural Fumigants Market Size to Reach USD 3.4 Billion by 2032 growing at 4.6% CAGR - Exclusive Report by Acumen Research and Consulting
The Agricultural Fumigants market, valued at USD 2.3 Billion in 2023, is projected to surpass USD 3.4 Billion by 2032, indicating a robust CAGR of 4.6%
Agricultural fumigants are chemicals used to manage pests and diseases in soil, plants, and storage areas. They are vital for maintaining crop health and ensuring high yields by eliminating harmful insects, weeds, and pathogens. These fumigants can penetrate soil or structures to target pests that are difficult to reach with other methods. Common fumigants include methyl bromide, phosphine, and chloropicrin, each with specific applications and benefits. Despite their effectiveness, fumigants can pose environmental and health risks, leading to increased regulation and research into safer alternatives. Advances in technology are focusing on reducing emissions and improving application techniques. Integrated pest management (IPM) strategies often incorporate fumigants as part of a broader approach to pest control. Their use is crucial in maintaining food security and agricultural productivity.
Due to environmental and health concerns, the use of chemical fumigants in agriculture is limited by strict government laws. This has resulted in a search for safer, more ecologically friendly alternatives. These new fumigants are designed to be safe for the environment and humans while still effectively controlling pests. This tendency is driven by both new legislation and shifting consumer preferences. As a result, there is more innovation and investment in greener alternatives, allowing the market to respond to changing legislation and environmental goals. For instance, in January 2021, UPL and TeleSense signed a strategic alliance to develop monitoring systems for post-harvest commodity transport and storage. This will help to reduce food waste by recognizing and addressing potential concerns including hotspots, excess moisture, and bugs. This will supplement the company's comprehensive line of gas monitoring, safety, and detection systems, in addition to fumigants.
Agricultural Fumigants Market Statistics
- The global agricultural fumigants market, generating USD 2.3 billion in 2023, projects a robust CAGR exceeding 4.6% from 2024 to 2032
- Asia-Pacific leads with a revenue 782 million in 2023
- Asia-Pacific anticipates impressive growth with a projected CAGR of 5.2%
- Based on product, phosphine dominance, holds 30% of market share in 2023
- Based on crop type, cereals & grains sub-segment accomplished 43% of share in 2023
- A discernible trend in the agricultural fumigants market is innovations in fumigation technology enhancing efficacy and efficiency
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Agricultural Fumigants Market Dynamics
Rising Awareness about Crop Protection and Pest Control Fuels the Agricultural Fumigants Market Value
Rising awareness about protecting crops from pests is boosting the agricultural fumigants market. Farmers are increasingly recognizing the importance of safeguarding their crops from pests and diseases to ensure optimal yield and quality. This heightened awareness has led to a growing demand for effective fumigants, which are used to manage soil and storage pests.. Better knowledge about fumigation and new technologies are making these products more popular. Stricter rules and the need for effective pest control are also driving the market's growth. As global food needs rise, the demand for fumigants continues to grow.
Rising Adoption of Integrated Pest Management (IPM) Practices Offer Significant Agricultural Fumigants Market Opportunity
The increased use of integrated pest management (IPM) in farming presents significant opportunities for the agricultural fumigants sector. IPM employs a variety of pest-control approaches that are both environmentally and economically beneficial. Farmers employing IPM will most certainly require more fumigants to properly combat pests, particularly before planting and after harvesting. This tendency supports the need for new, improved fumigants that are compatible with IPM approaches. As a result, the need for agricultural fumigants is likely to rise as IPM becomes popularity.
Agricultural Fumigants Market Segmentation
The global market for agricultural fumigants has been segmented into product form, crop type, pest control method, application, and region.
- Product is classified into 1,3 dichloropropene, chloropicrin, dimethyl disulfide, methyl bromide, metam potassium, metam sodium, phosphine, and others
- Form are divided into solid, liquid, and gas
- Crop type are categorized into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types
- Pest control method is sub-segmented into tarpaulin fumigation, non-trap fumigation by injection, structural fumigation, vacuum chamber fumigation, and others
- Application classified into soil, warehouses, and others
- The agricultural fumigants market is regionally classified into North America, Latin America, Europe, APAC, and the Middle East and Africa
Agricultural Fumigants Market Regional Outlook
In terms of agricultural fumigants market analysis, Asia-Pacific leads the market due to its large farming industry and high demand for crop protection. The region's advanced farming techniques and strict regulations ensure the safe use of these chemicals, which helps maintain product effectiveness and high yields. The presence of numerous crop protection chemical manufacturers in Asian region, along with the sustainable agriculture, reinforces its position as the top market for agricultural fumigants.
Asia-Pacific is expected to be the fastest growing geographic segment over the forecast period due to a variety of macroeconomic factors, including increased accessibility and awareness of the use of these products as a crop protection technique. The increasing number of firms due to inexpensive labor is expected to push the territorial market in the next years.
Agricultural Fumigants Market Players
Agricultural fumigants companies profiled in the report include Arkema, Chemtura Corporation, Novozymes, Arysta LifeScience Limited, BASF SE, Syngenta AG, Bayer Crop Science AG, The Dow Chemical Company, Great Lakes Solutions, Trinity Manufacturing, Inc, and AMVAC Chemical Corporation.
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