Global Agricultural Fumigants Market was worth USD 1,396.58 million in 2016 and is expected to reach USD 1,748.74 million by 2021 with a CAGR of 4.6 %.
Hyderabad, India -- (SBWIRE) -- 02/07/2018 -- The report " Agricultural Fumigants Market by Type (Phosphine, Methyl Bromide, Metam Sodium, Chloropicrin, 1, 3-Dichloropropene and others), Form (Gas, Solid, Liquid), Application (Soil (Nursery, Field, Transplant bed, Green house) and Warehouse (stack and silo)), and by Region – Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)", The Agricultural Fumigants market is expected to reach USD 1748.74 Million by 2021 from an estimated USD 1396.58 Million in 2016, at a CAGR of 4.6%. The key factors such as adoption of better agricultural practices, improved storage technologies, raising agricultural production by reducing loss are driving the growth in this market.
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By type, the biggest share by volume of the market in 2016 is contributed by the methyl bromide segment.
On the basis of type, the Agricultural Fumigants market has been segmented into Metam Sodium, Methyl Bromide, Chloropicrin, Phosphine, 1, 3-Dichloropropene and others. In 2016, the highest share of the global Agricultural Fumigants market is commandeered by the methyl bromide segment. The phosphine segment is likely to experience good growth during the forecast period. The growth in phosphine segment is due to its less harmful nature compared to methyl bromide.
By form, the liquid segment accounted for the largest share of the market in 2016
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On the basis of form, the Agricultural Fumigants market has been segmented into Gas, Solid, Liquid. In 2016, the liquid form segment is expected commanded the largest share of the global Agricultural Fumigants market followed by gaseous form. The growth in this segment is due to its efficiency compared to gas and solids, and due to its ease of use.
Depending on type of application, the biggest share by volume of the market in 2016 is contributed by the warehouse segment.
Depending on type of application, the Agricultural Fumigants market has been classified into soil & warehouse. Soil is further categorized into Field, Nursery, Transplant bed, Green house and warehouse classification is further sub-segmented into Silo & stack. In 2016, the warehouse segment contributed for the biggest share of the global Agricultural Fumigants market. The growth in this segment is mainly concentrated in North America & Europe regions mainly due to the increasing usage of agricultural fumigants in food stock warehouses.
North America dominated the market in 2016
The highest share of the Agricultural Fumigants in 2016 is contributed by North America, followed by Asia – Pacific. The large share of the North American Agricultural Fumigants market is mainly due to factors such as the key crop protection chemical manufacturers presence concentrated in that region.
The various players in the Agricultural Fumigants market include BASF SE, Syngenta AG, E.I. DuPont De Nemours & Company, Dow chemical company, ADAMA agricultural solution ltd., Degesch America Inc., Reddick Fumigants and FMC Corporation.
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