PUBLISHER: IMARC | PRODUCT CODE: 1560963
PUBLISHER: IMARC | PRODUCT CODE: 1560963
The global agricultural fumigants market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Agricultural fumigants are volatile and poisonous substances used to control disease-causing fungi, nematodes, and weeds. They are injected two feet into the ground and covered with an impermeable film before crops or trees are planted. As they are restricted materials that cause significant health and safety risks to exposed agricultural workers and environmental risks from misapplication or accidents, they can only be applied by trained or certified applicators. Some of the commonly used agricultural fumigants include methyl bromide, dichloropropane, propylene oxide, dibromochloropropane, organophosphate insecticides, and chloropicrin.
There is currently a significant shortage of food worldwide due to the increasing global population. This has resulted in a rising need for adopting innovative agricultural methods to protect agricultural produce and soil from pests, insects, rodents, and moles, which represents one of the key factors strengthening the growth of the market. Agricultural fumigants are inserted in the soil pre-harvest to kill fungi in crops and grains. Moreover, as there is a considerable need to minimize post-harvest food losses for ensuring food security, agricultural fumigants are widely utilized post-harvest to reduce any damage caused to harvested crops from bugs, insects, and termites. Apart from this, they find extensive applications in a row or bed treatments, deep placement, surface sealing, plow sole application, and precision tillage. Furthermore, leading players are continuously funding research and development (R&D) activities to introduce less toxic and more efficient agricultural fumigants, which is creating a favorable market outlook. Some of the other major factors propelling the market growth include an increase in the adoption of unique farming practices across the globe, considerable technological innovations in the agricultural industry, and the availability of advanced storage technology.
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural fumigants market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, form, crop type, application and pest control method.
The competitive landscape of the industry has also been examined along with the profiles of the key players being AMVAC Chemical Corporation, Arkema, BASF SE, Corteva Inc., Detia Degesch GmbH, FMC Corporation, Lanxess AG, Nippon Chemical Industrial Co. Ltd., Nufarm, SGS SA, Syngenta AG (China National Chemical Corporation), Trinity Manufacturing Inc. and UPL Limited.