Northbrook, IL 60062 -- (SBWIRE) -- 07/14/2022 -- The overall agricultural fumigants market size was projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2%. The rise in the popularity of agricultural fumigants can be attributed to the increasing infestation of pests & insects in warehouses and other crop storage rooms due to biotic and abiotic factors, awareness about crop protection chemicals, and urbanization in developing markets. Markets such as China and India are among the key markets targeted by agricultural fumigants service providers due to occurrence of the post-harvest losses every year, causing loss to the farmers and other stakeholders involved. These factors are leading to the adoption of agricultural fumigants services in the region.

Download PDF Brochure

Phosphine is the major product type driving the growth of the agricultural fumigants market during the forecast period.

Phosphine chemicals such as Aluminum phosphide is largely used in warehouses and also by farmers in their storage houses, as it is less costly than methyl bromide. The demand is projected to increase owing to the rapidly growing agrochemical industry. Due to the rising outbreak of pest and insects in warehouses, phosphide is used to treat stored food grains and processed food, thus it is one of the fastest-growing segments.

By crop type, the fruits & vegetable segment dominated the agricultural fumigants market in 2020.

The fruits & vegetable segment is projected to exhibit a strong potential for agricultural fumigants, which is mainly driven by the increasing demand for high-value crops in the international market. In addition, improper sanitary procedures and inefficient implementation processes for storage of such crops in warehouses are projected to drive the growth of the agricultural fumigants market.

Asia Pacific region is projected to witness the highest growth in the agricultural fumigants market by 2026.

The Asia Pacific region is among the fastest-growing regions for the agricultural fumigants market. The increase in the availability of fumigant products and rising awareness about using fumigation as a crop protection technique is expected to affect the demand for agricultural fumigants in the region. The destruction caused by various insect and pest species is increasingly serious and poses potential risks of reducing plant productivity. Furthermore, the increased agriculture production has led to increased warehousing facilities, which has fueled the demand and usage of fumigants to protect the stored agriculture produce. Countries such as India and China have incorporated regulations in the agriculture industry, food safety, and packaging industry requiring pre-and post-harvest pest and insect control.

Make an Inquiry

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441