Agricultural Fumigants Market to Showcase Continued Growth in the Coming Years

Northbrook, IL, USA, 2019-Nov-2 — /EPR Network/ —

The agricultural fumigants market is estimated to be valued at USD 1.59 Billion and is projected to grow at a CAGR of 4.10% from 2017, to reach USD 1.94 Billion by 2022. The growth of this market can be attributed to the growing focus on increasing agricultural production, increase in focus on the reduction of post-harvest losses, and growing usage of agricultural fumigants for the production and storage of cereals.

How will investments in production of new products creating profitable opportunities for manufacturers in the agricultural fumigants market?

Increasing tolerance of pests towards methyl bromide fumigation, followed by its phasing out, has resulted in the adoption of suitable alternatives for methyl bromide for the management of stored products and to quarantine pests. The alternatives for methyl bromide fumigant include phosphine, sulfuryl fluoride, carbonyl sulfide, ethyl formate, hydrogen cyanide, carbon disulfide, methyl iodide, and methyl isothiocyanate. Hence, manufacturers are focusing on new product developments by investing in R&D activities for active ingredients that can inhibit the resistant insects by using these alternative fumigants.

Why the need for special permits and certifications for conducting pest control is posing challenges for the growth of the agricultural fumigants market?

Fumigation is a highly technical procedure that requires special permits and licenses from certified organizations. Operators must be certified in the category (or categories), and their primary occupation must be in the pest control business. No other license types, that is, pilots, advisors, dealer designated agents, dealers, brokers, and maintenance gardener pest control business are allowed to conduct field fumigations. The categories may be rodent control, termite and other wood-destroying organism control, lawn and ornamental pest control, and/or field and warehouse fumigation. When licensed pest control businesses undertake field fumigations, the work is supervised by a qualified applicator who possesses a special field fumigation license. For instance, the practice of pest control in Florida is strictly regulated under the provisions of the Structural Pest Control Act, Chapter 482, Florida Statutes (F.S.). This law is administered and enforced by the Department of Agriculture and Consumer Services in the State.

To know about the assumptions considered for the study, download the PDF brochure

Developing countries are expected to witness strong demand for fumigants

According to the FAO, countries in the Asia Pacific region such as India, China, and Japan have displayed above-average growth in agricultural output, and this trend is expected to continue through 2025. According to the FAO, more than 2.2 billion people in the region are engaged in agriculture, leading to an increased demand for agricultural fumigants for better cultivation and crop growth, as well as to prevent losses after harvest. In addition, the use of fumigants in India and other developing countries is becoming more common, thereby creating opportunities even in areas where there had previously been little or no adoption of fumigants. However, other developing countries such as Brazil and Argentina have emerged as new agricultural powerhouses; especially Brazil, which is currently one of the world’s most potent agricultural markets and is expected to grow at a rate well above the regional average.

The market is dominated by key players such as BASF (Germany), Syngenta (Switzerland), ADAMA (Israel), Dow Chemicals (US), and FMC (US). Other players include UPL (India), Degesch (US), Nufarm (Australia), American Vanguard (US), Nippon (Japan), Arkema (US), and Rentokil (UK). The key players have adopted strategic developments such as new product launches, expansions & investments, mergers & acquisitions, agreements, collaborations, joint ventures, and partnerships to explore the market in new geographies.

Make an Inquiry:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Matched content

Editor’s pick

Express Press Release Distribution