Agricultural Fumigants Market worth 1.74 Bn USD by 2021

Wednesday 11 May 2016, Amsterdam

The report, now available on ASDReports, "Agricultural Fumigants Market by Type (Methyl Bromide, Phosphine, Chloropicrin, Metam Sodium, 1, 3-Dichloropropene), Application (Soil and Warehouse), Form (Gas, Solid, Liquid), and by Region - Global Forecast to 2021", The agricultural fumigants market is projected to reach a value of USD 1.74 Billion at a CAGR of 4.6% from 2016 to 2021. The market is driven by factors such as degradation of soil, increased modern farming practices, and increasing demand for agricultural commodities, worldwide. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.

Phosphine agricultural fumigants is the fastest growing market by type during 2016–2021

The phosphine agricultural fumigants type is projected to grow with the highest CAGR from 2016 to 2021. Phosphine is effective in targeting stored product insects (SPIs) such as beetles, weevils, mites, and moths. Stored product insects can infest grain and bulk commodities such as cocoa, rice, nuts, and animal feed—along with other raw materials used within food manufacture. These factors have led to the growth in demand for phosphine fumigants.

Warehouse application segment depicts high potential for the agricultural fumigants market

Warehouse application in the agricultural fumigants market is growing as crop protection is necessary to reduce the losses of stored crops. Warehouse fumigation involves fumigating the commodities either in unpacked conditions or packed in bags or others, stored in godowns, or in storage which is stationary. In the Asia-Pacific region, emerging economies, such as India and China, need to reduce the post-harvest losses of crops by the application of agricultural fumigants in the warehouses, as the agricultural sector significantly contributes to the growth of the economy with large volumes of export and import of agricultural commodities.

Significant growth for agricultural fumigants is observed in the Asia-Pacific region

Asia-Pacific has a high growth potential for agricultural fumigants. This region has many emerging countries, such as China and India, which have considerable cultivable land to grow crops. Moreover, China is among the leading countries for agricultural fumigants as the country faces technological growth in agriculture and urbanization which has led to the higher standards of living among consumers, resulting in the rise in demand for agricultural products. This has impacted the demand for agricultural fumigants in the country.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such BASF SE (Germany), E.I. DuPont De Nemours & Company (U.S.), Syngenta AG (Switzerland), ADAMA agricultural solution ltd. (Israel), and FMC Corporation (U.S.).

In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global agricultural fumigants market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.