Agricultural Fumigants Market Trends, Future Growth, Business Prospects and Opportunity Assessment for the Period of 2018-2023

Agricultural Fumigants Market

Market Overview:

Fumigants are categorized as crop protection agrochemical which removes pathogens such as weeds, fungi and nematodes from the soil and ensures protection to agricultural crops. Fumigants are extremely effective in reaching out the pests and are useful for pre-harvest as well as post- harvest. Increasing crop losses during transportation, post-harvest crop losses, and others are majorly influencing the growth of agricultural fumigants market. With changes in farming practices and adoption of modern technology leading to increasing acceptance of modernized farming and protected agriculture is driving the growth of the agricultural fumigants market. However, high R&D cost associated with agricultural fumigants and several environmental and health hazards due to agricultural fumigants use is restraining the growth of the market.

With growing concern over crop losses and rising food demand out of rising global population, adoption of modern farming practices to bring efficiency in agriculture production, the Agriculture Fumigants market is growing at an incremental pace of development on the global stage.

To address the growing food demand at the global level, there have been efforts aimed at augmenting crop production, improving soil efficiency, efficiency in land use, and high-quality yield are expected to boost the Agricultural Fumigants use. Also, the increasing awareness among the farmers is adding fuel to the growth of the market. There are various programs initiated to train farmers and create awareness on modern agricultural practices. Government has been taking initiatives and fund programs continuously to strengthen economic development by training farmers, providing extension services in rural agricultural areas, training in underserved communities with marketable job skills, offer small businesses and micro-enterprises with greater market access, and working closely with city governments to implement green technologies. Therefore, increasing awareness among the farmers is adding fuel to the growth of the market and has raised the bar for quality, which, in turn, increases the market share of Agriculture Fumigants globally.

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Conventional farming, traditional farming equipment’s and practices have reached their limits of effectiveness to increase agricultural yield. The economy is faced by major challenges in form of increasing food demand coupled with shrinking farmland, mounting labor costs and shortage of labor force, it becomes imperative to address such problems in agricultural sector and take necessary measures to improve the quantity and quality of agricultural produce.

Latest Industry Updates:

December 2017, DowDuPont invested in its Kauai operations under which the company plans to expand its Hawaii research activities and increasing staffing on island by as much as 50 percent.

September 2015, Bayer CropScience LP and Elemental Enzymes Ag and Turf LLC collaborated with an aim to improve crop productivity. The research initiative was built on their respective innovation expertise, the two companies looked to create breakthrough technologies that will enhance agricultural sustainability and help meet the challenge of feeding a growing world population.

Competitive Analysis:

Agriculture Fumigants market offers huge growth opportunities for the industrial players. Key industrial players are also investing in R&D and building partnership with farmers to form an integrated model to develop sustainable agriculture measures. The market is fragmented and marked by the presence of several large and small-scale vendors. The market participants are extensively investing in research and development owing to improve the efficiency of Agricultural Fumigants. Cost efficiency is also a major driver driving the growth of the market. Industry players are acquiring small market players in the market and collaborating with distributors to meet the global demand.  With the increasing demand for agricultural products, the demand for Agriculture Fumigants as a potential crop protectant is experiencing a surge. Strategic product launches and innovations in the existing product line is the key strategy followed by the manufacturers to create product differentiation among their product offerings. Companies are focusing on new product developments as an alternative for methyl bromide.

The key market players profiled in agriculture fumigants market report are BASF SE (Germany), The Dow Chemical Company (U.S.), Nufarm Limited (Australia), FMC Corporation (U.S.), ADAMA Agricultural Solution Ltd (Israel), Reddick Fumigants, LLC (U.S.), and Syngenta AG (Switzerland) among many others.

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Market Segments:

The global Agriculture Fumigants market has been divided into form, type, application, and region.

On The Basis Of Form: Solid, Liquid, and Gas

On The Basis Of Type: Phosphine, Methyl Bromide, Chloropicrin, Metam Sodium, 1, 3-Dichloropropene, and Others

On The Basis of Application: Soil, and Warehouse

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis:

The global Agriculture Fumigants market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Agriculture Fumigants market is highly dominated by North America followed by Europe. The U.S. and Canada are the major contributors in North America for Agricultural Fumigants market. In Europe, Spain and Germany are the major contributors of Agricultural Fumigants. Asia-Pacific market is the fastest growing market for Agriculture Fumigants due to its major use in agricultural application. India, China, Japan and Indonesia are the largest country-level Agriculture Fumigants markets in the Asia-Pacific region in 2016.

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