The Report Titled on “Global Agricultural Fumigants Market – Segmented by Type, Application, Form, and Geography – Growth, Trends, and Forecast (2019 – 2023)”, Delivers Information studies of the current situation (with the base year being 2019) and the growth prospects of global Agricultural Fumigants Forecast market 2019-2023.
“Agricultural Fumigants Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Agricultural Fumigants Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
The Key Players covered in this study:-
ADAMA Agricultural Solution Ltd., AMVAC, BASF SE, Cytec Solvay Group, Degesch America Inc., DowDupont, FMC Corporation, Fumigation Services, Ikeda Kogyo Co., Ltd., Industrial Fumigation Company, Isagro, Lanxess, Reddick Fumigants, LLC, Syngenta AG, Trical, Inc., TriEst Ag Group, Inc., UPL Group, VFC
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Overview of Agricultural Fumigants Market Report:
The global market for agricultural fumigants was valued at USD 1422.49 million in 2016 and is expected to grow with a CAGR of 5.22% during the forecast period (2019-2023). On the basis of type, the phosphine-based fumigant product segment had the largest market share of 26% in 2016 and is expected to remain the fastest-growing segment during 2019 to 2023. The 1, 3-D-based fumigant product segment is expected to witness a CAGR of 5.29%, during the forecast period.
Shift to Advanced Farming Practices
With an increase in the disposable income, farmers are adopting modern farming technologies to increase the crop yield. Many companies are also investing in numerous new storage technologies and integrating advanced fumigant technologies, which will help in improving storage technologies and reducing post-harvest losses. For example, companies, like Degesch Corporation, are focusing on developing wireless sensors that help in the controlled release of fumigants and automation of fumigation.
Product Application Issues
Fumigants cause several problems, including possible phytotoxicity, depending on the type of crop and its variety, seasonal conditions, humidity, temperature, fumigant concentration, and duration of treatment. Methyl bromide comes packaged as compressed gas in canisters, it is a colorless, odorless, and tasteless gas, therefore, it cannot be detected without specifically designed measuring devices. Combine these facts with its high toxicity as a respiratory poison, it is recommended to be used by professional fumigators only.
North America Dominates the Market
North America contributed a market share of over 30%, as of 2016, in fumigants consumption in the global market, with the United States and Canada accounting for approximately 80% share of the regional market. The North American warehouse-based agriculture fumigants segment was estimated to be USD 290.74 million in 2016, and it is expected to record a CAGR of 5.26% in the forecast period (2019-2023).
Major Players: DOW-DUPONT, AMVAC CHEMICAL, SYNGENTA, AND UPL GROUP, among others.
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Market Segment by Regions, regional analysis covers
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)