Agricultural Fumigants Market Growth Opportunities by 2026 | Key Players Are BASF SE, Syngenta, Nufarm, Solvay, Tessenderlo Kerley, Inc., SGS SA, Douglas Products

MarketsandMarkets
The overall agricultural fumigants market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2%.

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 2026″, The overall agricultural fumigants market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2% during the forecast period. The increase in agricultural productivity has led to an increase in the adoption of advanced storage technology to protect crops against pests, as well as to maintain the quality of the crops. Thus, fumigation technology helps in preventing post-harvest losses and helps in obtaining the standard quality. In addition, fumigation helps in the thorough cleaning of storage areas, silos, or warehouses.

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Drivers: 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 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. Thus, fumigation technology helps in preventing post-harvest losses to maintain the quality of agricultural commodities. In addition, fumigation 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.

Restraints: Accumulation of residue during fumigation

The amount of residue that remains in the materials treated with fumigants is determined by the conditions existing during fumigation and by the treatment of the material thereon. In some cases, residue levels may be held to a minimum if various factors that lead to residue accumulation are considered before the treatment. Fumigants with high boiling points remain present as residues for a longer time than the more volatile compounds. For example, acrylonitrile was found to remain in wheat for several days, whereas methyl bromide dissipates in a few hours. Fumigants that react with plant or animal constituents may also leave a considerable residue.

By application, the structural fumigation segment is the fastest growing segment in the market during the forecast period

Structural fumigation is an effective solution as it seals the entire area to ensure the proper action of fumigants. It is usually used to control pests in soil, grains, and also during the processing of goods to be imported or exported to eliminate the transfer of any exotic organisms. Although it is expensive, it is gaining popularity due to its efficiency in function.

By application, the warehouse segment is the fastest growing segment in the market during the forecast period

Warehouses are important as the agricultural produce can be stored there as long as the farmers is not willing to sell his produce. In warehouses, the efficient use of fumigants results in maintaining crop quality and productivity, which leads to market competitiveness. Various methods of pest control are deployed to kill, repel, or suppress insects, nematodes, and other pests that damage infrastructure, stored food in warehouses. The agricultural fumigants market is gaining traction due to the severe pest infestation caused in warehouses.

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Asia Pacific region is projected to witness the highest growth in the agricultural fumigants market by 2026.

The Asia Pacific region is among the fastest-growing regions for the agricultural fumigants market. The increase in the availability of fumigant products and rising awareness about using fumigation as a crop protection technique is expected to affect the demand for agricultural fumigants in the region. The destruction caused by various insect and pest species is increasingly serious and poses potential risks of reducing plant productivity. Furthermore, the increased agriculture production has led to increased warehousing facilities, which has fueled the demand and usage of fumigants to protect the stored agriculture produce. Countries such as India and China have incorporated regulations in the agriculture industry, food safety, and packaging industry requiring pre-and post-harvest pest and insect control.

The key product/service providers in this market include BASF SE (Germany), Syngenta (Switzerland), ADAMA (Israel), ARKEMA (Germany), Nufarm (Australia), Solvay (Belgium), Tessenderlo Kerley, Inc. (Belgium), SGS SA (Switzerland), UPL (India), AMVAC (US), Trinity Manufacturing, Inc. (Germany), Douglas products (US), Intertek (UK), Nippon Chemical Industrial Co., LTD. (Japan), and MustGrow Biologics, Inc (Canada).

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