Agricultural Fumigants Market Research Report: by Type (Phosphine, Methyl Bromide, Chloropicrin, Metam Sodium, 1, 3-Dichloropropene and others), Form (Solid, Liquid and Gas), Application (Soil and Warehouse) and Region – Forecast till 2023

Pune, India -- (SBWire) -- 06/27/2018 --Market Overview:
Agricultural Fumigants Market is projected to grow at a CAGR of 4.9% over the forecast period. Agricultural fumigants is a pest control method used to poison the pests within the soil or warehouse. It is used during pre-harvest as well as post-harvest period. The fumigant is inserted in the area to be fumigated in which the fumigate percolates through the available space and acts on any infestation affecting the product. The most commonly used agricultural fumigants include phosphine, methyl bromide, chloropicrin, metam sodium, 1, 3-Dichloropropene, and others which are available in solid, liquid and gaseous form.

North America is dominating the market and is expected to have a substantial growth over the forecast period 2017-2023. In North America, the U.S. and Canada are the major contributors of agricultural fumigants market. Growing demand for alternative pests control is driving the growth of agricultural fumigants in this region.

Change in farming practices and technology is boosting the growth of agricultural fumigants market in North America. Wide product availability and continuous innovations by the key players to launch new fumigants is adding fuel to the growth of the market. However, several environmental and health hazards caused due to agricultural fumigants is restraining the growth of the market. Nevertheless, all these factors will lead to the growth of North American market at a CAGR of 5.6% during the forecast period, 2017-2023.

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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major agricultural fumigants players. It further includes product portfolios, developments of leading players, which includes

BASF SE (Germany)
The Dow Chemical Company (U.S.)
Monsanto Company (U.S.)
FMC Corporation (U.S.)
Bayer AG (Germany)
Agrium Inc (Canada) and
PI Industries (India)

Segments:
Agricultural fumigants market is segmented on the basis of types such as phosphine, methyl bromide, chloropicrin, metam sodium, 1, 3-Dichloropropene, and others. Among them, the methyl bromide is holding a major share in the market followed by phosphine. However, owing to the great damage caused to nature from methyl bromide, it is being banned in many countries. On the other hand, phosphine is expected to gain substantial growth over the forecast period.

Based on the form, agricultural fumigants market is segmented into solid, liquid and gas. The liquid fumigants are expected to dominate the market. However, gaseous agricultural fumigant is projected to grow at the fastest rate owing to its high ability to reach insects in stored places.

On the basis of the application, agricultural fumigants market is segmented into soil and warehouse. The warehouse segment is dominating the market and is expected to grow substantially over the forecast period.         

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Regional Analysis:
The global agricultural fumigants market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. The U.S. and Canada are the major contributors in North America for agricultural fumigants market. However, strict government regulations regarding food safety may hamper the growth of agricultural fumigants market in this region.

Asia Pacific is expected to be the fastest growing region for agricultural fumigants market. Growing agricultural practices in India, China, Japan and Indonesia is driving the growth of agricultural fumigants in this region. In rest of the world, Brazil is anticipated to account the major share of agricultural fumigants market