Key Market Overview:
Agricultural Fumigants Market size was worth USD 1.03 Billion in 2021, accounting for a CAGR growth of 4.9% during the forecast period (2022-2030), and the market is estimated to be valued at USD 1.5 Billion by 2030.
Agriculture fumigants are chemicals that are used to control pests, diseases, and weeds in crops. They are applied as gases or vapors and penetrate the soil, plant tissues, and surrounding air spaces to kill the target pest. These fumigants are volatile and poisonous substances in nature. Moreover, agriculture fumigants with high vapor pressure are typically used to treat sealed storage areas and enclosed materials, as they penetrate quickly and efficiently. The high vapor pressure fumigants include, including, ethylene oxide, methyl bromide, hydrogen cyanide, and hydrogen phosphide, penetrate quickly and are used to treat sealed storage areas or materials enclosed in gas-proof sheets. Whereas, low-pressure fumigants are used for more open storage areas and soil treatments, as they diffuse more slowly such as ethylene dibromide and ethylene dichloride diffuse. Furthermore, commonly used fumigants to treat stored products or nursery stock include hydrogen cyanide, naphthalene, nicotine, and methyl bromide.
Many companies invest in research and development to launch new products to meet the requirements of customers globally. For instance- In June 2022, ADAMA, a crop protection company, and Groundwork BioAg, a Bio-agriculture company, announced a new commercial agreement offering sustainable cost-effective mycorrhizal products to help increase crop yields and provide an alternative to synthetic fertilizers (especially phosphorus) to farmers.
Moreover, the Asia-Pacific agricultural fumigants market is anticipated to grow rapidly due to the increasing use of fumigants by farmers and the presence of a large number of agrochemical firms in the region
Market Dynamics:
Driver:
The market of agricultural fumigants is witnessing steady growth due to the rising consumer demand for high-quality produce, prompting greater use of fumigants to protect crops and maintain their quality during storage and transportation. As a result, the demand for agricultural fumigants is rising to meet these requirements, thus, driving the growth of the market.
Restraint:
The growth of the agricultural fumigants market is limited due to the increased restrictions on their use, particularly in developed countries, where concerns over the negative impacts on human health and the environment are leading to tighter regulations. Additionally, the use of fumigants provides only temporary control of pests or insects, and their activity is significantly influenced by temperature and humidity. These factors are likely to hamper the growth of the market.
Opportunities:
The adoption of precision agriculture technologies, such as drones, GPS, and sensors, is expected to increase, as a result, providing new opportunities for the development of targeted fumigation solutions to be used more efficiently and effectively. Moreover, such technologies will help in the development of new and more effective fumigants. For instance, Fumigants with reduced toxicity and improved efficacy include biofumigants and other alternatives to synthetic fumigants. Hence, this effective fumigant is anticipated to increase the demand for the product globally during the forecast period.
Agricultural Fumigants Report Coverage
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 1.50 Billion |
| CAGR (2022-2030) | 4.8% |
| By Type | Methyl Bromide, Phosphine, Chloropicrin, Metam Sodium, 1,3-Dichloropropene, and Others. |
| By Form | Solids, Liquids, and Gas |
| By Crop Type | Oilseeds, Fruits and Vegetable, Cereals and Grains, and Others |
| By Application | Warehouse fumigation and Soil fumigation. |
| By Geography | North America, Europe
Asia Pacific, Latin America, and Middle East, and Africa |
| Key Players | The Dow Chemical Company, Syngenta International AG, BASF SE, ADAMA Agricultural Solutions Ltd, AMVAC Chemical Corporation, UPL Limited, Nufarm Limited, Arkema Group, Detia Degesch GmbH, and Corteva Agriscience. |
Market Segmentation:
By Type
The type segment is categorized into methyl bromide, phosphine, chloropicrin, metam sodium, 1,3-dichloro propene, and others. Methyl bromide is the dominant segment, generating the largest revenue share in 2021. This is due to the widespread use of methyl bromide globally to control a wide range of pests and diseases in crops, including soil-borne pathogens, nematodes, and insects. Furthermore, methyl bromide is highly effective having broad-spectrum efficacy which made it ideal for farmers and agribusinesses around the world. All these above-mentioned factors are driving segment growth.
Moreover, phosphine is effective in controlling pests and has a relatively low cost compared to other fumigants. It is widely used in the fumigation of stored products and the cultivation of crops. Hence, phosphine is anticipated to grow rapidly during the forecast period.
By Form
The form segment is categorized into solids, liquids, and gas. Gas is considered to dominate the segment with the highest market share in the agricultural fumigants market due to its broad-spectrum efficacy, quick action, and ease of handling and transport. Gases such as methyl bromide, phosphine, and chloropicrin are well-suited for treating sealed storage areas and materials enclosed in gas-proof sheets. These factors are anticipated to drive the growth of the segment.
Moreover, the liquid segment in the agricultural fumigants market is expected to exhibit steady growth due to easier solubility and even distribution in soil treatments. Additionally, the development of new liquid fumigants that are specifically formulated for crops and pests is anticipated to experience strong growth in the coming years.
By Crop Type
The crop type segment is categorized into oilseeds, fruits and vegetables, cereals and grains, and others. Fruits and vegetables are the dominant segments in the market, generating the highest market revenue due to the high value and vulnerability of these crops to pests and diseases. The demand for fumigants in this segment is further fueled by the rising demand for pesticide-free produce and the increasing adoption of greenhouse and indoor farming.
Moreover, the oilseeds segment is anticipated to grow rapidly in the agricultural fumigants market over the forecast period. This is due to the increasing demand for oilseeds, such as soybeans and canola, and their use as feedstocks for biofuels.
By Application
The application segment is divided into warehouse fumigation and soil fumigation. The dominant application segment in the agricultural fumigants market is warehouse fumigation, which holds the largest market share in 2021. The use of fumigants in stored products, such as grains and seeds, is vital to maintain quality, extend shelf life, and ensure food security, thus, driving demand in this segment. Furthermore, the growing demand for grain exports is also fueling the growth of the warehouse fumigation segment.
Moreover, soil fumigation helps to control soil-borne pests and diseases, and there is a growing demand for high-yield crops and maintenance of soil health and fertility. Hence, soil fumigation is expected to grow at the fastest CAGR during the forecast period.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Asia Pacific is the dominant region in the agricultural fumigants market, generating the highest revenue in 2021. The large and rapidly growing agricultural sector, driven by increasing demand for food, feed, and fiber, is fueling the market growth in the region. Additionally, favorable government policies and investments in the agriculture sector, as well as the presence of a large number of agrochemical companies, are also bolstering the growth of the segment.
Furthermore, North America is expected to show steady growth during the forecast period, owing to the increasing demand for food and other agricultural products.
Agricultural Fumigants Market Competitive Landscape:
The market is highly competitive with the large number of companies operating in the industry. These companies are focusing on growth strategies such as mergers and acquisitions, collaborations, and partnerships to increase their market share and expand their operations globally. The competitive landscape of the market has been analyzed in the report and further this report provides an analysis of the market’s competitive landscape, including comprehensive profiles of the major players in the industry. Key players in the market include-
- The Dow Chemical Company
- Syngenta International AG
- BASF SE
- ADAMA Agricultural Solutions Ltd
- AMVAC Chemical Corporation
- UPL Limited
- Nufarm Limited
- Arkema Group
- Detia Degesch GmbH
- Corteva Agriscience
Recent Developments:
- In January 2022- Degesch America, Inc, in partnership with Specialty Gases Pty Ltd, announced the initiation of the registration process of a new fumigant, named Ultraphos®, for use in the USA market. This announcement highlights the ongoing efforts of companies in the agriculture fumigants market to expand their product portfolio and cater to the growing demand for effective and efficient fumigants
- In October 2021- BASF partners with Vipergen, a global leader in research services. This partnership between BASF and Vipergen aims to leverage Vipergen’s technology to enhance the discovery and development of new active ingredients for sustainable crop protection products. The collaboration is expected to accelerate the discovery process and result in more efficient and quick product development.
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