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Agricultural Fumigants Market Size, Share, Growth, Trends, and Forecast – 2022

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Agricultural Fumigants Market Size, Share, Growth, Trends, and Forecast – 2022

November 07
14:05 2019
Agricultural Fumigants Market Size, Share, Growth, Trends, and Forecast - 2022

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 report Agricultural Fumigants Market by Product Type (Methyl Bromide, Phosphine, Chloropicrin), Crop Type (Cereals, Oilseeds, Fruits), Application (Soil, Warehouse), Pest Control Method (Tarpaulin, Non-Tarp, Vacuum), and Region – Global Forecast to 2022″, The global agricultural fumigants market is estimated to be valued at USD 1.59 Billion by 2017 and is projected to reach USD 1.94 Billion by 2022 at a CAGR of 4.10% during the forecast period. The global agricultural fumigants market is expanding with considerable growth potential over the next five years. The growth of this market can be attributed to the inclination of consumers toward improving the quality of agricultural output, changing farming practice, and upgraded storage technology.

Agricultural Fumigants Market

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Increase in focus on the reduction of post-harvest losses

Reduction of post-harvest food losses is a critical component for ensuring food security. Post-harvest losses arise from freshly harvested agricultural produce undergoing changes during handling. Post-harvest losses are a measurable reduction in foodstuffs and affect both quantity and quality. According to the UN DESA (United Nation Department of Economic & Social Affairs) report the global population is expected to reach 9.7 billion by 2050, further adding to global food security concerns. Thus, food availability and accessibility can be raised by increasing the production and reducing losses.

Post-harvest losses can be avoided by undertaking fumigation for pest prevention. For example, the decay of citrus post-harvest is controlled by ammonia gas fumigation. Post-harvest green mold and blue mold, caused by Penicillium digitatum and Penicillium italicum respectively, are effectively controlled by ammonia gas fumigation of lemons and oranges. This treatment does not harm oranges; however, it causes the tissue within previously injured areas on the crust of lemons to become darker in color. Fumigation of lemons with ammonia slightly accelerates the natural transition of the color of the crust from green to yellow. Thus, fumigation technology helps in preventing post-harvest losses to maintain the quality of agricultural commodities. In addition, fumigation also helps in the thorough cleaning of storage areas, silos, or warehouses. This is employed as a further preventative method in pre-harvest cleaning for the storage of grains.

Stringent regulations

The use of agricultural fumigants is regulated by various legislative bodies worldwide, including the US Department of Agriculture (USDA), the United States Environmental Protection Agency (EPA), the California Department of Pesticide Regulation (CDPA), and other regional bodies. Fumigants contain poisonous gases which can pose a threat to human health. Hence, there are stringent regulations imposed by governments on the usage of fumigants in limited quantities. For example, US EPA Biopesticide and Pollution Prevention Division (BPPD) has developed various bio-fumigants to comply with safety regulations along with enhanced agricultural practices which are likely to restrain the agricultural fumigants market in the coming years. In addition, fumigation is only permitted to government certified applicators under various defined standards and guidelines. The use of fumigant products is subject to registration by health, environmental protection, and agricultural agencies in various countries. The nature of government policies and the extent of arable land in a given country can affect the demand and prices for fumigant products. In addition, strict and rigorous regulatory requirements regarding environmental protection are applicable to the manufacturers’ production processes. These vary with the policies of each country.

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.

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Increasing labor costs and other expenses

Soil fumigation with volatile chemical content is regulated by various governing bodies. It is necessary to find the appropriate fumigant for the varied application base. Further, high labor costs are involved in applying these fumigants with hand-held or manual injectors. The main costs associated with fumigation are the costs required for equipment and labor. Only pest control experts that are certified fumigators are permitted to provide fumigation treatment. Fumigation is a highly technical procedure that require skilled operators using special materials and gas measurement devices.

North America is estimated to be the most lucrative market for agricultural fumigants

In 2017, North America is estimated to hold the largest share of the global agricultural fumigants market. The major drivers for this significant share are the influence of the growing demand for alternative pest control methods, strict government regulations regarding food safety, and wide product availability which further boosts the market growth. The North American market is driven by countries such as the US and Canada.

This report includes a study of the marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as the 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).

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