Global Agricultural Fumigants Market: Overview
Fumigation, entailing the administration of a pesticide gas into the soil or air to eliminate pests, has found widespread use in the field of agriculture. Agricultural fumigants are injected into the soil to rid them of soil insects, weeds, nematodes, and rodents such as moles. Then there are fumigant pesticides used after harvest to kill small insects and fungi in grains and crops. Structural fumigation again is used to get rid of bed bugs and termites by filling the space inside a structure created with a tent with a toxic gas.
A report by Transparency Market Research provides a 360-degree overview of the global market for agricultural fumigants. It does so after thoroughly examining the market dynamics and their impact on the market’s trajectory. Further, it segments the market based on different parameters and studies each segment in details. The report also profiles the prominent players in the market along with their cost and revenue structure, latest developments, business strategies, and contact information.
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Global Agricultural Fumigants Market: Trends and Opportunities
A burgeoning world population that has driven up the demand for food manifold has necessitated implementation of better agricultural practices and arresting post-harvest loss. This has majorly contributed to the demand for agricultural fumigants as they help in protecting agricultural produce from pests. Countering the growth in their market, on the other hand, are stringent regulations by governments as the process involves the use of poisonous gases which can cause harm to humans. In fact, fumigation is done only by government-certified applicators.
The different types of agricultural fumigants available in the market are phosphine, chloropicrin, metam sodium, methyl bromide, and 1, 3-dichloropropene. Among them, the methyl bromide segment accounts for maximum share in the market. Going forward, however, the phosphine segment is slated to outshine all others in terms of growth owing to its widespread usage in grain storage systems.
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Depending upon application, the global market of agricultural fumigants can again be segmented into soil and warehouse. Of the two, the warehouse segment holds a greater market share because of the pressing need to bring down post-harvest losses of stored crops. Warehouse fumigation essentially entails fumigating crops in packed or unpacked conditions, stored in godowns, or in storage. Soil fumigants find application in controlling growth in weed and in eliminating parasites such as nematodes.
Among form segments, the liquid form segment leads the market followed by the gaseous form segment.
Global Agricultural Fumigants Market: Regional Outlook
Depending upon geography, the global market for agricultural fumigant can be classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America, among them, holds a dominant position in the market and is predicted to steadily grow its share in the foreseeable future. Europe trails North America in terms of market share and is likely to expand its share substantially in the upcoming years.
One market worth betting on, however, would be Asia Pacific on account of its high growth potential, powered primarily by the countries of India, China, and Japan. Factors at the forefront of driving the stellar growth in Asia Pacific are the swift pace of urbanization and technological development. Besides Asia Pacific, the market in Latin America is an upcoming one. Brazil is a key market in the region because of being a frontrunner in adopting advanced farming and storage methods.
Companies Mentioned in the Report
To assess the competition prevailing in the global market for agricultural fumigants is the report profiles companies such as BASF SE, ADAMA Agricultural Solution Ltd., DuPont, Syngenta AG., and FMC Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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