The global agricultural fumigants market is anticipated to gain from the enlarging world population in turn augmenting the demand for food at an aggressive rate. A report by Transparency Market Research (TMR) provides a detailed account of market segmentation, growth factors, and market restraints with a view to offer a complete view of the market. It bears the title “Agricultural Fumigants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026.” The rising food demand across the world has increased the need to prevent post-harvest loss and implement best agricultural practices. The report includes more factors that could help the market to up its growth in the coming years.
The need to protect agricultural produce from pests is expected to be a key growth factor of the world agricultural fumigants market. However, there could be a few restraints arresting the growth of the market during the course of the forecast period. Only government-certified applicators are considered suitable for performing the process of fumigation. Since fumigation involves the application of poisonous gases harmful to humans, there are strict government regulations implemented in this regard. However, there could be ample of opportunities available in the market that are projected to help players to secure their position in the industry in terms of profit.
By application, the world agricultural fumigants market could see a classification into warehouse and soil. Agricultural fumigants could be applied in soils to eliminate nematodes and other parasites and control growth in weeds. Prognosticated to garner a dominating share of the market, warehouse fumigation could collect a handsome demand owing to the growing requirement of reducing the loss of stored crops post-harvest. In warehouse fumigation, crops that are kept in storage, stored in godowns, and placed in unpacked and packed conditions are fumigated.
On the basis of type, the world agricultural fumigants market could be segregated into 1, 3-dichloropropene, methyl bromide, metam sodium, chloropicrin, and phosphine. However, the analysts are of the view that methyl bromide could save a massive share for itself in the foreseeable future. Considering its extensive application in grain storage systems, phosphine agricultural fumigants are expected to outpace all other segments with respect to growth. In terms of form, the global market could be divided into gaseous and liquid forms. During the completion of the forecast tenure, the gaseous segment is envisaged to tread on the heels of liquid form as the latter could secure a leading share of the market.
The international agricultural fumigants market is projected to witness the rise of North America as a regional segment holding a king’s share for the coming years. This region could showcase a steady growth in the market while maintaining its dominance over other segments. It is predicted to be followed by Europe which could also exhibit a substantial growth in the market. Banking on its emerging nations, viz. Japan, China, and India, Asia Pacific is prophesied to flaunt its high potential for growth in the market. The developing region could take advantage of certain factors such as the faster pace of technological advancement and urbanization to sustain its stellar growth in the market.
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FMC Corporation, Syngenta AG, DuPont, ADAMA Agricultural Solution Ltd., and BASF SE are some of the top companies operating in the international agricultural fumigants market.