PUBLISHER: 360iResearch | PRODUCT CODE: 1434535
PUBLISHER: 360iResearch | PRODUCT CODE: 1434535
[184 Pages Report] The Agricultural Fumigants Market size was estimated at USD 4.33 billion in 2022 and expected to reach USD 4.68 billion in 2023, at a CAGR 8.16% to reach USD 8.12 billion by 2030.
Global Agricultural Fumigants Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2022] | USD 4.33 billion |
Estimated Year [2023] | USD 4.68 billion |
Forecast Year [2030] | USD 8.12 billion |
CAGR (%) | 8.16% |
Agricultural fumigants are chemical compounds that control pests, weeds, fungi, and other harmful organisms in soil, stored grains, and produce. These volatile substances effectively sterilize the environment in which they are applied, reducing or eliminating the propagation of undesirable elements that could compromise agricultural yield, quality, and safety. Fumigants are powerful tools in ensuring crop health and are vital for meeting both the food safety standards that protect consumers and the high-quality expectations that uphold market values. Agricultural fumigants are applied in pre-planting processes, post-harvest storage, and during transportation of agricultural commodities. End-users typically include but are not limited to, commercial farming operations, grain storage facilities, and transportation companies involved in the handling of agricultural produce. The scope of these fumigants extends to ensuring the quality of the produce through the supply chain, from farm to table. Factors that stimulate the growth of the agricultural fumigants market include increasing focus on agriculture production, reduction of post-harvest losses, rising insect population due to climatic changes, and advances in storage technology. However, adopting agricultural fumigants faces certain challenges, such as the proposed ban on methyl bromide, the potential hazards of applying fumigants, and the special license required to handle fumigation services. Other challenges include the potential health hazards to workers and the development of pest resistance to conventional fumigants. On the other hand, increasing awareness among farmers about contamination-free food, innovations geared towards reducing environmental impact, such as the research on biodegradable fumigants, leveraging technologies for precise application, such as fumigation drones, and exploring untapped markets in developing regions represent significant potential for market players.
Regional Insights
In the United States, the demand for agricultural fumigants is driven by a strong focus on maintaining high crop yield and quality. Stringent regulatory frameworks by agencies such as the Environmental Protection Agency (EPA) influence customer purchasing behavior, with a pronounced shift towards environmentally friendly and sustainable products. Canadian agricultural practices necessitate fumigants due to the cold climate, which can exacerbate pest issues in stored crops. South America shows significant potential for agricultural fumigants, primarily in countries such as Brazil and Argentina, given their large agricultural sectors. The market is witnessing transition due to the increasing need for high crop yields to meet domestic and export demands. However, there is also a growing concern about the health and environmental impacts of chemical fumigants, which could lead to tighter regulations affecting market growth. In Europe, the agricultural fumigants market is regulated by strict policies pertaining to the use of chemical products in agriculture. Consumer behavior in the region is swayed by environmental consciousness and food safety concerns, leading to significant research into alternative fumigation methods and bio-fumigants. Innovative solutions and patents from the EU often center around reducing chemical residues and promoting organically certified products. In the Middle East, the agricultural fumigants market is relatively small but growing due to increased food production and the demand for efficient storage. Africa's expansive and varied agricultural landscape presents a vast potential market for agricultural fumigants. The need is driven by challenges associated with post-harvest losses and pest management. The APAC region is expected to experience significant development in the agricultural fumigants market, led by countries such as China, India, and Australia. The region benefits from a massive agricultural sector where fumigants play a vital role in pest control for various crops. Research and development are robust in Japan, yielding patented technologies that improve fumigant safety and application precision. India, with its reliance on agriculture, faces substantial crop losses due to pests and diseases. The demand for fumigants is high, particularly in post-harvest storage.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Agricultural Fumigants Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Agricultural Fumigants Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Agricultural Fumigants Market, highlighting leading vendors and their innovative profiles. These include AMVAC Chemical Corporation, Arkema SA, BASF SE, Bayer AG, DEGESCH America, Inc., Douglas Products, Dow Chemical Company, Draslovka Holding a.s., Eastman Chemical Company, FMC Corporation, Imaflex Inc., Imtrade CropScience, Intertek Group PLC, Isagro S.p.A., Lanxess AG, Nippon Chemical Industrial Co.,Ltd., Novozymes A/S, Nufarm Limited, Pro Farm Group Inc., Rentokil Initial PLC, Royal Agro Organic Pvt. Ltd., SGS SA, Solvay S.A., Syngenta Crop Protection AG, Tessenderlo Group, TriCal Group, Trinity Manufacturing, Inc., and UPL Limited.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Agricultural Fumigants Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Agricultural Fumigants Market?
3. What are the technology trends and regulatory frameworks in the Agricultural Fumigants Market?
4. What is the market share of the leading vendors in the Agricultural Fumigants Market?
5. Which modes and strategic moves are suitable for entering the Agricultural Fumigants Market?
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