Agricultural fumigants Market Analysis
The global agricultural fumigants market will touch USD 2.8 billion at a 4.40% CAGR by 2032, as per the recent Market Research Future report. The growth of the market is driven by the increasing demand for food, the growing need to control pests and diseases in crops, and the rising adoption of sustainable agricultural practices.
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Drivers
Need for Eco-Friendly Fumigants to Boost Market Growth
The growing need for organic food products are driving the requirement for eco-friendly and secure fumigants. Natural fumigants, such as Essential Oils & Plant Extracts, are becoming more and more popular among farmers since they are safe and environmentally friendly. Government laws addressing environmental deterioration is another factor driving the need for environmentally acceptable fumigants.
Opportunities
Global Food Demand to offer Robust Opportunities
The need for food is rising as the world’s population expands. Farmers work to increase crop yields and quality to fulfill this demand, making pest & disease control a key component. Fumigants can aid in preventing infestation-related post-harvest losses.
Restraints and Challenges
Associated Side Effects to act as Market Restraint
The associated side effects, adoption of alternatives, health & safety risks, and regulatory restrictions may act as market restraints over the forecast period.
Market Segmentation
The agricultural fumigants market is segmented into application, form, and type.
By type, phosphine will lead the market over the forecast period.
By form, liquid will domineer the market over the forecast period.
By application, warehouse will spearhead the market over the forecast period.
COVID-19 Analysis
The COVID-19 epidemic affected fumigants as well as the market for crop protection agents. Companies and farmers suffered losses as a result of the pandemic’s impact on supply chain networks. There was a significant disparity between the employees available and the number needed for production due to a temporary scarcity of migrant workers and distribution constraints. Customs clearances, the export permits, the import licenses, and phytosanitary certifications were a few more restrictions.
Regional Analysis
North America to Head Agricultural Fumigants Market
Due to farmers’ burgeoning awareness of the importance of the protection of crops against insects & other pests to reduce losses of agricultural commodities, North America has the greatest market for agricultural fumigants. Because of the strict regulations that have been implemented by various authorities in recent years, farmers & other agricultural organizations are searching for viable substitutes to methyl bromide and chloropicrin. In the US, alternatives such as carbonyl sulphide, phosphine, and sulfuryl fluoride have been investigated.
APAC to Have Admirable Growth in Agricultural Fumigants Market
From 2023 to 2032, the market for agricultural fumigants in Asia-Pacific is anticipated to expand at the quickest rate. This is a result of expanding agricultural fumigant demand and countrywide warehouse growth. Additionally, the Indian market had the highest growth rate in the Asia-Pacific region, while China’s agricultural fumigants market had the greatest market share.
Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Agricultural Fumigants Market Report : https://www.marketresearchfuture.com/reports/agricultural-fumigants-market-5113
Key Players
Eminent market players profiled in the global agricultural fumigants market report include LAXNESS (Germany), BASF SE (Germany), DOW (U.S.), Arkema, (France), Syngenta (Switzerland), ADAMA (Israel), Trinity Manufacturing, Inc. (U.S.), Bayer AG (Germany.), Solvay (Belgium), Merck KGaA (Germany), FMC Corporation (U.S.), Anhui Guangxin Agrochemical Co., Ltd. (China), UPL (India), Rentokil Initial plc (U.K.), Reddick Equipment Company of NC (U.S.), Nippon Chemical Industrial Co., Ltd. (Japan), and Arysta LifeScience Limited (India).
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