The agricultural fumigant market is driven by the need to
minimize post-harvest losses and manage pests effectively.
Increasing soil salinity in major agricultural countries like
India, China, and the US is pushing demand for
organic fumigants. While concerns about safety exist, solid
fumigants like phosphine offer advantages in cost, efficiency, and
ease of handling, making them popular choices.
NEWARK, Del., May 7, 2024 /PRNewswire/ -- According to Future
Market Insights, the agricultural fumigant
market is experiencing a marked increase in valuation, with
a growth from US$ 1,190.0 million
in 2019 to US$ 1667.0 million
in 2024. This growth is expected to continue, with an estimated
valuation of US$ 2,830 million for
2034 and a projected CAGR of 5.4% through 2034. This
growth can be attributed to various factors, including advancements
in farming techniques and the need for effective and economical
pest management techniques to minimize post-harvest losses.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19566
One of the key drivers of growth in the agricultural fumigant
market is the increasing salinity of the soil, which has forced
farmers in countries like India,
the United States, and
China to adopt organic agrarian
fumigants. Suppliers store produce, and with advancements in
storage techniques, fumigant demand has also accelerated.
It is important to note that fumigants can cause problems like
phytotoxicity according to crop type, seasonal conditions, and
more. Research shows that fumigants can be used only by
professional fumigators due to their high toxicity, which can
promote lower-risk fumigants as land safety is prime for
farmers.
Despite this, the market for agricultural fumigants remains
robust, with solid forms such as phosphine being particularly
popular due to their higher efficiency and lower cost compared to
other fumigants. Solid forms are also easier to handle and store,
making them more convenient for suppliers to stock and sell.
"Suppliers and farmers alike will need to remain vigilant
to ensure the safe and effective use of these products, but with
the right precautions in place, the agricultural fumigant market is
poised for continued success, " says Nikhil
Kaitwade (Associate Vice President at Future Market Insights,
Inc.)
Key Takeaways from the Market Study
- Phosphine product type covers a share of 5.2% for 2024 in this
agricultural fumigant market.
- Solid form tops in the agricultural fumigant sector,
contributing a share of 5.0% for 2024
- The agricultural fumigants market in South Korea is predicted to rise by an 8 %
CAGR through 2034.
- The agricultural fumigants market in Japan has exponentially increased to a 7.1%
CAGR through 2034.
- The agricultural fumigants market in the United Kingdom is projected to inflate at a
CAGR of 6.6 % through 2034.
- The agricultural fumigants market in China is anticipated to develop at a CAGR of
6.2% through 2034.
- The agricultural fumigants market in the United States is estimated to rise at a
5.7% CAGR through 2034.
Competitive Landscape
Manufacturers are aimed at meeting the transforming needs of
local and international farmers. Major companies are advancing with
artificial intelligence and new monitoring techniques to provide
seamless and hassle-free experiences with the best quality yields.
Overall, the market is filled with high-end companies contributing
to taking the agricultural sector to new heights.
Market players in the agricultural fumigant industry are
Syngenta International AG, Amvac Chemical Corporation, Corteva
Agriscience, BASF, Detia Degesch GmbH, ADAMA Ltd., Nufarm Limited,
Arkema, Solvay, UPL Limited, Nippon Chemical Industrial Co., Ltd.,
Tessenderlo Group.
Recent Developments:
- MustGrow Biologics Corp.'s TerraSanteTM Crop Fertilizer and
Soil Amendment technology received USDA Organic approval in
October 2023.
- Researchers exploring the potential of nanopesticides for grain
storage in a February 2022 article in
Frontiers in Nanotechnology to reduce agricultural losses from
insect infestation.
Purchase now and gain full access to
the Agricultural Fumigant Industry report, featuring comprehensive
Market Forecast, Company Share Analysis, Competition Intelligence,
DROT Analysis, Market Dynamics and Challenges, and Strategic Growth
Initiatives.
About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
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