Growing concerns over post-harvest losses propel the demand for agricultural fumigants
The worldwide agricultural industry is facing challenges of increased insect population, and uncertainty in climate change. Hence, the concerns regarding post-harvest losses of farm produce have increased. The use of fumigants during storage helps in the reduction of storage loss. Thus, the demand for fumigants anticipates lucrative market growth opportunities. Also, using agricultural fumigants is an effective and economical method to reduce post-harvest losses. The increased demand for fruits and vegetables due to consumers shift toward healthy and nutrition drive the demand for agricultural fumigants. Moreover, the cereals and grains, oilseeds and pulses segment demand for agricultural fumigants in order to reduce the warehousing losses during the storage. Hence, these segments further fueling the market growth.
Within the report, the market is segmented into product type, form, crop type, application, and geography. By product type, the market is further segmented into methyl bromide, phosphine, chloropicrin, metam sodium, and others. On the basis of form, the market is segmented into solid, liquid, and gas. By crop type, the market is categorized into fruits and vegetables, cereals and grains, oilseeds and pulses, and others. Based on application, the market is divided into soil, and warehouses. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The agricultural fumigants market is driven by rapid technological advancements in the agricultural sector
An agricultural fumigant is usually utilized for killing insects, nematodes, and other plants or animals that may damage stored or cultivated agricultural produce. Agricultural fumigants are used for crops such as cereals, grains, pulses, oilseeds, fruits, and vegetables. Soil fumigants are spread or sprayed over the area to be cultivated for working into the soil to control weeds, nematodes, and other disease-causing fungi. Compounds commonly used as fumigants include methyl bromide, phosphine, and metam sodium. Agricultural fumigants are utilized before and after harvesting to protect agricultural produce from pests, soil insects, nematodes, and rodents.
The rising need for advanced technology to reduce the damage to farm produce accelerating the market growth.
The agricultural fumigants market is driven by factors such as high product usage in cereal production and increased focus on reducing post-harvest losses. The need for advanced storage technology and changing farming practices, and an increasing insect population due to climate change further fuel the growth of the agricultural fumigants market. However, residue accumulation during fumigation and stringent government regulations hampers the growth of the agricultural fumigants market. Nonetheless, developing countries are expected to offer promising growth opportunities for the agricultural fumigants market during the forecast period.
Recent strategic developments in the agricultural fumigants market
The agricultural fumigants market has undergone several significant developments, and a few of these have been mentioned below:
The agricultural fumigants market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ADAMA Ltd., BASF SE, Solvey SA, Syngenta AG, and UPL are among the prominent players operating in the market.
Target audience for the report:
Scope of the report:
In this report, the market has been segmented on the basis of:
Companies profiled
- ADAMA Ltd.
- BASF SE
- Solvay SA
- Syngenta AG
- UPL