The global market for agricultural fumigants was valued at USD 1422.49 million in 2016, and is projected to reach USD 1928.42 million by 2023, with a CAGR of 5.22% during the forecast period. The estimates indicate moderate adoption rates of fumigant products in agriculture in the coming years.
Companies are focusing on bio-fumigants due to the environmental hazards of the traditional fumigants. Recently, in November 2016, Morrone Bio Innovations Inc., launched a new bio-fumigant in the United States. Simultaneously, governments of major countries are continuously placing stringent regulations to reduce the usage of fumigants. Recently, California placed limits on the chloropicrin usage for strawberries and tightened rules on the use of Dow Agro Sciences’ telone fumigant.
Increasing agricultural production and crop losses due to transportation, post-harvest pest attack, etc., are the primary factors driving the market for fumigants, as they are highly effective in reaching the pests. In addition, the growing storage technology and high product efficiency are expected to drive the market in the future. The domain has certain constraints, such as stringent regulatory concerns raised with the application methodology, among others, which are restricting back the market growth. Chemical ingredients, such as methyl bromide, phosphine, chloropicrin and others, were the widely used fumigants; however, their toxicity has led the regulatory bodies to ban their usage. This, in turn, reduced the fumigant consumption, worldwide. However, the market in developing regions is emerging, which is creating an opportunity for this industry.
The global agricultural fumigants market is segmented, based on product type, application, form, crop application and geographical reach. By product type, the market is segmented into methyl bromide, chloropicrin, phosphine, metam sodium, 1,3-dichloropropene and others. While methyl bromide accounts for a majority of the market share, phosphine is expected to register the highest CAGR during the forecast period (2017-2023). Phosphine-based fumigants are mostly used in grain storage systems. Regarding the soil and warehouse applications of fumigants, warehouse usage holds a majority of the demand. Soil fumigation helps in weed control and the elimination of parasitic attacks by nematodes. The liquid form led the market demand, with the largest share in 2015, followed by the gaseous form. The market is further explained, by application, into major crops and non-crops.
The market is also segmented, geographically, into North America, Europe, South America, Asia-Pacific and Rest of the World. Geographically, North America and Asia-Pacific are the top two consumers of agricultural fumigants. TIn 2016, North America, dominated the agricultural fumigants market, with a share of about 34%. The United States and Canada, dominate the agricultural fumigants market in the region.Asia-Pacific, has been identified as a region, which is yet to reach its maximum potential in the agricultural fumigants market. Asia-Pacific is expected to be the fastest growing market, with a CAGR of about 5.63% during the forecast period.
Major Companies in the Sector Include:
Recent Industry Insights
In November 2016, Marrone Bio Innovations, Inc. announced that the Company received the registration of MBI-601 EP, a biofumigant, from the United States Environmental Protection Agency (EPA), the Biopesticide Pollution Prevention Division (BPPD).
In June 2014, the gas company. BOC, in conjunction with the CSIRO and LZD Czech Republic, developed a new soil fumigant.
In December 2015, the permission deadline for the use of methyl bromide-based product on fiber and cotton seeds, used for exports, was extended by a year. The decision was published in the Union's Official Gazette, through the Act. No. 62.
Key Deliverables in the Study
Market analysis for the global agricultural fumigants market, with region-specific assessments and competition analysis.
Market overview and identification and analysis of the macro and micro factors that affect the global agricultural fumigants market and also instrumental in changing the market scenario, on both, global and regional scales.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The report holds importance for the following stakeholders-Producers and manufacturers.
Enterprises operating in the industry.
Traders and stakeholders operating in the sector.
Investors/research institutions interested in the market.
Supply chain analysis
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
4. Market Dynamics
4.1.1 Growing Agricultural Production
4.1.2 Growing Concern Over Post-Harvest Loss
4.1.3 Changing Farming Practices and Better Storage Technology
4.1.4 High Product Efficiency
4.2.1 Environmental and Regulatory Constraint
4.2.2 Product Application Issues
4.2.3 Residue Accumulation
4.3.1 High Growth Potential in Developing Markets
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 by Type
5.1.1 Methyl Bromide
5.1.4 Metam Sodium
5.1.6 Other Agricultural Fumigants
5.2 by Application
5.3 by Form
5.4 by Crop Application
5.5 by Geography
5.5.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
5.5.4 South America
5.5.5 Rest of World
220.127.116.11 South Africa
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Dow Chemical Company
7.2 Adama Agricultural Solution Ltd.
7.3 Basf Se
7.4 E.I. Dupont De Nemrous & Company
7.5 Syngenta Ag
7.6 Fmc Corporation
7.7 Reddick Fumigants, Llc
7.8 Degesch America Inc.
7.9 Ikeda Kogyo Co. Ltd.
7.10 Upl Group
7.11 Fumigation Services
7.13 Cytec Solvay Group
7.14 Trical, Inc.
7.15 Triest Ag Group, Inc.
7.18 Industrial Fumigation Compay
8.1 Table of Figures
- Dow Chemical Company
- Adama Agricultural Solution Ltd.
- Basf Se
- E.I. Dupont De Nemrous & Company
- Syngenta Ag
- Fmc Corporation
- Reddick Fumigants Llc
- Degesch America Inc.
- Ikeda Kogyo Co. Ltd.
- Upl Group
- Fumigation Services
- Cytec Solvay Group
- Trical Inc.
- Triest Ag Group Inc.
- Industrial Fumigation Compay