The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Agricultural Fumigants Global Market Report 2024 offers crucial insights into the agricultural fumigants market help businesses analyse and build stronger strategies.

The agricultural fumigants market has experienced robust growth, with a notable increase in size from $2.22 billion in 2023 to $2.4 billion in 2024. This surge reflects a Compound Annual Growth Rate (CAGR) of 7.9%. The upswing in the market can be attributed to various factors, including the rise in pest and disease management, the imperative for food safety, population growth, economic development, and an increase in agricultural production.

Key Statistics:

• Market Size in 2023: $2.22 billion
• Projected Size in 2024: $2.4 billion
• CAGR (2023-2024): 7.9%

Projections for the Future

Anticipating the future, the agricultural fumigants market is poised for continued growth, reaching $3.33 billion in 2028 at a CAGR of 8.5%. The forecasted expansion is driven by global trade and export, escalating crop losses, a surge in demand for high-quality produce, and rising disposable income. Key trends in this period include the adoption of biological fumigation, data-driven decision making, precision application, sustainable fumigants, collaboration, and partnerships.

Future Projections:

• Projected Size in 2028: $3.33 billion
• CAGR (2024-2028): 8.5%
• Major Trends: Biological Fumigation, Data-Driven Decision Making, Precision Application, Sustainable Fumigants, Collaboration and Partnership

Rising Pest Attacks Boost Demand

Impact of Pest Attacks

The prevalence of pest attacks remains a primary driver for the increasing demand in the agricultural fumigants market. Various pests, including insects, mites, nematodes, and gastropod mollusks, regularly infect crops, causing adverse impacts on production, market access, the environment, and people’s lifestyles. Notably, 20%-40% of the world’s crop production is lost due to pest attacks, costing the global economy significant amounts each year.

Market Players

Major companies such as ARKEMA SA, Nufarm Limited, Solvay SA, and others are actively contributing to the growth of the agricultural fumigants market. These companies play a crucial role in pest management, ensuring the safety and efficiency of agricultural production.

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Innovation in Pest Control: Vynyty Citrus

Introduction of Vynyty Citrus

Leading companies, including Bayer AG, are focusing on innovative product development to control pests effectively. Vynyty Citrus, introduced in March 2021, stands out as a container with an active liquid inside, formulated with pheromones and natural pyrethrum. This product, targeting pests in citrus fruit, is designed to prevent resistance or residues in harvests and the environment.

Safex Chemicals Expands with Shogun Lifesciences Acquisition

Strategic Acquisition

Safex Chemicals, an Indian agrochemical and fumigant manufacturer, made a significant move by acquiring Shogun Lifesciences in February 2022. This undisclosed acquisition enables Safex to enhance its agricultural solutions, focusing on safe storage, comprehensive crop solutions, and a range of chemicals, including aluminum phosphide, fungicides, herbicides, and insecticides.

Market Segmentation Insights

Understanding the Market Segments

The agricultural fumigants market is segmented based on various factors:

1. Type: Methyl Bromide, Chloropicrin, Phosphine, Metam Sodium, 1,3-Dichloropropene, Other Agricultural Fumigants
2. Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types
3. Form: Solid, Liquid, Gaseous
4. Pest Control Method: Vacuum Chamber Fumigation, Tarpaulin, Structural, Non-Tarp Fumigation By Injection, Other Pest Control Methods
5. Application: Warehouse & Silos, Soil

Regional Dynamics

Market Dominance

North America held the largest share in the agricultural fumigants market in 2023. Looking forward, Asia-Pacific is anticipated to be the fastest-growing region during the forecast period.

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The Agricultural Fumigants Global Market Report 2024  provides a comprehensive outlook of the agricultural fumigants market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agricultural fumigants market forecast offers a thorough analysis on agricultural fumigants market size, agricultural fumigants market share, prominent players and their strategies.

The Table Of Content For The Agricultural Fumigants Market Include:
1. Agricultural Fumigants Market Executive Summary
2. Agricultural Fumigants Market Segments
3. Agricultural Fumigants Market Size And Agricultural Fumigants Market Growth Rate
4. Key Agricultural Fumigants Market Trends
5. Major Agricultural Fumigants Market Drivers
……
25. Key Mergers And Acquisitions In The Agricultural Fumigants Market
26. Top Agricultural Fumigants Companies
27. Agricultural Fumigants Market Opportunities And Strategies
28. Agricultural Fumigants Market, Conclusions And Recommendations
29. Appendix

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