Aug 25, 2021   SOURCE: BusinessWire

Global Agricultural Fumigants Markets to 2026: Analysis by Methyl Bromide, Phosphine, Chloropicrin, Cereals, Oilseeds, Fruits, Tarpaulin, Non-Tarp, Vacuum - ResearchAndMarkets.com

The "Global Agricultural Fumigants Market Report 2021" report has been added to ResearchAndMarkets.com's offering.

The overall agricultural fumigants market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2%.

The growth of the agricultural fumigants market is driven by the advancements in pesticide formulations and the need to avoid losses caused during post-harvest. The continuous and extensive use of chemical compounds to eliminate or reduce pest infestation in soil or stored grains has led to the production of premium quality food products which has international acceptance.

The chloropicrin segment, by product type, is projected to witness the fastest growth in the market during the forecast period

On the basis of product type, the agricultural fumigants market is classified into methyl bromide, phosphine, chloropicrin, metam sodium, 1,3-dichloropropene, and others.

Out of these, chloropicrin is projected to grow at the fastest CAGR of 4.5% due to its multifunctional nature in controlling various pests such as nematodes, weed, insects, bacteria, and soil-borne fungus diseases along with leaving the agricultural produce residue-free. It finds its application as a soil fumigant as it has the capability to affect all the targeted as well as non-targeted microorganisms.

The tarpaulin fumigation segment accounted for the largest share in 2020

Based on the pest control method used by agricultural fumigant professionals, tarpaulin fumigation methods is observed to hold the dominant share in the agricultural fumigants market. The use of tarpaulin is widespread due to their relatively low cost; simplicity of application; effectiveness; availability; and prevents leakage of gas.

Further, tailored covers are also used where the overlapping of sheets is inconvenient with the help of trained professionals. These factors contribute to the growth of tarpaulin fumigation segment.

The warehouse segment, by application, is projected to grow at the highest CAGR during the forecast period

Based on application, warehouse segment is projected to grow with the highest CAGR for the forecast period of 2021-2026. Most of the farmers tend to store their produce in their houses or warehouses in order to sell them when they get a good price.

Therefore, bags or commodities stored in the warehouse requires fumigation of the entire stack of commodities to prevent damage by insects to the uninfested stacks. Agricultural fumigants ensure the complete eradication of pests causing damage to the stored agricultural commodities and can be further exported or sold retaining good quality.

High growth is projected in the Asia Pacific agricultural fumigants market

The Asia Pacific market is projected to be the fastest-growing market for the period considered for this study due to the strong potential for growth, given the increase in agriculture production and the increasing need for agricultural fumigants with rising warehouses in countries like China and India.

In addition, service providers and fumigant suppliers are looking toward the Asia Pacific region due to the increasing pest awareness among consumers and are seeking to expand their influence in the markets through joint ventures and acquisitions.

Market Dynamics

Drivers

  • Growing Usage of Fumigants for the Production and Storage of Cereals
  • Increase in Focus on the Reduction of Post-Harvest Losses
  • Advancements in Storage Technology and Change in Farming Practices
  • Improved Fumigant Efficiency in Terms of Application
  • Shift in Focus on Increasing Agricultural Production
  • Increase in Insect Population due to Climate Change

Restraints

  • Stringent Regulations
  • Accumulation of Residue During Fumigation
  • Increasing Tolerance and Proposed Ban for Methyl Bromide
  • Volatile Nature and Potential Hazards of Application Methods of Fumigants

Opportunities

  • Developing Countries are Expected to Witness Strong Demand for Fumigants
  • New Product Launches as Alternatives for Methyl Bromide Fumigation

Challenges

  • Licenses or Special Permits Required to Handle Fumigation Services
  • Increasing Labor Costs and Other Expenses

Industry Trends

Technology Analysis

  • Fogging Machines
  • Fumigation Gas Monitors

Pricing Analysis: Agricultural Fumigants Market

Market Map and Ecosystem of Agricultural Fumigants

  • Demand Side
  • Supply Side

Regulatory Framework

Patent Analysis

  • Number of Patents Granted Between 2011 and 2020
  • Top 10 Applicants with the Highest No. of Patent Documents
  • Top 10 Investors with the Highest No. of Patent Documents
  • Some of the Patents Pertaining to Agricultural Fumigants, 2019-2020

Case Study

  • Booming Residential Sector in Florida, US
  • Rise in Trade and Quarantine Shipments in Benelux

Leading players profiled in this report:

  • 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)
  • DEGESCH America, Inc. (US)
  • MustGrow Biologics, Inc. (Canada)
  • Royal Agro (India)
  • Imtrade CropScience (Australia)
  • The Draslovka Group (Australia)
  • Douglas Products (US)
  • Ecotec Fumigation (Argentina)

For more information about this report visit https://www.researchandmarkets.com/r/gfy6fp