The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global agricultural fumigants market, a shield against the relentless onslaught of pests on crops, has exhibited robust growth. From $2.03 billion in 2022, the market size rose to $2.15 billion in 2023, witnessing a commendable compound annual growth rate (CAGR) of 6.1%. As we tread into the future, the market is poised for continued expansion, projected to reach $2.76 billion in 2027, underlining a sustained CAGR of 6.4%. Let’s explore the factors propelling this growth and delve into the dynamic trends shaping the landscape.

Thriving Amidst Pest Infestations: Growth Catalysts

Pest Attacks and the Imperative for Fumigation

1. Prevalence of Pest Attacks: The high prevalence of pest attacks on crops serves as a primary driver for the growth of the agricultural fumigants market. Various pests, including insects, mites, nematodes, and gastropod molluscs, pose a constant threat to crops, impacting agricultural production, market access, and the environment.
2. Impact on Crop Production: Pest attacks can lead to substantial losses in crop production. According to the Food and Agricultural Organization of the United Nations, approximately 20%-40% of the world’s crop production is lost due to pests. Plant diseases and invasive insects cost the global economy $220 billion and $70 billion, respectively, each year.
3. Critical Need for Control: As the prevalence of pest attacks continues to escalate, the necessity to control and mitigate their impact becomes imperative. Agricultural fumigants play a pivotal role in managing and curbing the adverse effects of pest infestations.

Guardians of the Fields: Key Market Players

Industry Stalwarts at the Helm

1. Major Market Players: Leading the charge in the agricultural fumigants market are key players such as ARKEMA, Nufarm, Solvay, AMVAC, UPL, Tessenderlo Kerley Inc., SGS SA, Ecotec Fumigation, Trinity Manufacturing Inc., and others.

Innovations in Partnership: Trending Dynamics

Collaborations Driving Innovation and Market Growth

1. Strategic Partnerships: A significant trend shaping the agricultural fumigants market is the increasing number of partnerships and agreements between key industry players. These collaborations aim to foster innovation, reduce pest attacks, and drive overall business growth.
2. MustGrow-Bayer Exclusive Agreement: In January 2022, MustGrow, a Canada-based agriculture biotechnology company, signed an exclusive agreement with Bayer to assess MustGrow’s biological technology in crucial agricultural regions. This partnership reflects a commitment to evaluating innovative solutions to combat pest attacks.
3. UPL Ltd. and TeleSense Alliance: UPL Ltd., a global provider of sustainable agriculture solutions, formed a strategic alliance with TeleSense in January 2021. This collaboration aims to introduce monitoring solutions for post-harvest commodity transport and storage, addressing issues such as hotspots, excess moisture, and pests.

Diverse Segmentation: Unraveling Market Layers

A Tapestry of Types, Forms, and Applications

1. Type Diversity: The agricultural fumigants market exhibits diversity in types, including Methyl Bromide, Chloropicrin, Phosphine, Metam Sodium, 1,3-Dichloropropene, and other agricultural fumigants.
2. Form Variation: Fumigants are available in solid, liquid, and gaseous forms, providing flexibility and adaptability based on application requirements.
3. Pest Control Methods: Various pest control methods, such as Vacuum Chamber Fumigation, Tarpaulin, Structural, Non-Tarp Fumigation By Injection, and others, cater to different agricultural scenarios.
4. Application Spectrum: Agricultural fumigants find application in diverse settings, including Warehouse & Silos and Soil, addressing the varied needs of the agricultural landscape.
5. Crop Type Relevance: Tailoring solutions to different crop types, including Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and others, ensures a comprehensive approach to pest management.

Global Dynamics: North America Leads, Asia-Pacific Surges

Continental Market Dominance and Emerging Frontiers

1. North America’s Market Supremacy: In 2022, North America emerged as the largest region in the agricultural fumigants market, underscoring the region’s supremacy in driving market dynamics.
2. Asia-Pacific’s Growth Trajectory: Looking ahead, Asia-Pacific is anticipated to be the fastest-growing region in the agricultural fumigants market share during the forecast period. The region showcases promising potential and emerging opportunities.

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The Agricultural Fumigants Global Market Report 2023  provides comprehensive insights on the agricultural fumigants market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the agricultural fumigants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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