Market Size of Agricultural Fumigants Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.45 Billion |
| Market Size (2029) | USD 3.22 Billion |
| CAGR (2024 - 2029) | 5.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Agricultural Fumigants Market Analysis
The Agricultural Fumigants Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 3.22 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the operations of the crop protection chemicals market, including fumigants. The pandemic affected supply chain networks, resulting in losses for companies and farmers. In terms of supply, a short-term shortage of migrant laborers amid distribution bottlenecks created a wide gap between the number of workers required for production. Some other restraints included customs clearances, export permits, import permits, and phytosanitary certificates.
The agricultural fumigants market is driven by factors, like rapid technological advancements in the agricultural sector, growing concerns over post-harvest losses, and a shift in the advanced farming practices, which have led to increased yields. The use of fumigants during storage helps in the reduction of storage loss. Thus, the demand for fumigants is expected to increase as the use of fumigants is an effective and economical method to reduce post-harvest losses.
A widely used fumigant for storing agricultural commodities while offering protection against insects and rodents, phosphine-based fumigants have emerged as the largest segment among all types of global fumigants. North America dominates the market. With rapid investments in technology and R&D, many new varieties of products are being developed with less toxicity and more efficiency. The growth of the agricultural fumigants market can be attributed to several factors, such as the increased inclination of consumers for improving the quality of agricultural output, changing farming practices, and advanced storage technology. However, fumigants cause several problems, including possible phytotoxicity, depending on the type of crop and its variety, seasonal conditions, humidity, temperature, fumigant concentration, and duration of treatment. Therefore, it is recommended to be used by professional fumigators only due to its high toxicity as a respiratory poison.
Agricultural Fumigants Industry Segmentation
Fumigants are pesticides that, when applied to soil, form a gas to control pests that live in the soil and disrupt plant growth and crop production. The agricultural fumigants market is segmented by type (methyl bromide, chloropicrin, phosphine, metam sodium, 1,3-dichloropropene, and other agricultural fumigants), method of application (soil and warehouse), form (solid, liquid, and gas), application (crop-based and non-crop-based), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in terms of value (USD million) for all the above segments.
| Type | |
| Methyl Bromide | |
| Chloropicrin | |
| Phosphine | |
| Metam Sodium | |
| 1,3-Dichloropropene | |
| Other Agricultural Fumigants |
| Method of Application | |
| Soil | |
| Warehouse |
| Form | |
| Solid | |
| Liquid | |
| Gas |
| Crop Application | |
| Crop-based | |
| Non-crop-based |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Agricultural Fumigants Market Size Summary
The agricultural fumigants market is poised for significant growth, driven by technological advancements and increasing concerns over post-harvest losses. The market is experiencing a shift towards advanced farming practices that enhance yields and reduce storage losses. Phosphine-based fumigants are the most widely used, particularly in North America, where they dominate the market due to their effectiveness in protecting stored agricultural commodities from insects and rodents. The demand for fumigants is rising as they offer an economical solution to minimize post-harvest losses, although their use is restricted by legislative measures and potential phytotoxicity issues. The market's expansion is further supported by the growing need for improved agricultural output quality and advanced storage technologies.
North America leads the global agricultural fumigants market, with a substantial number of authorized products and a strong focus on managing stored product insects. The United States holds a significant share of the regional market, with key fumigants like chloropicrin and sulfuryl fluoride being widely used. The market is consolidated, with a few major players dominating and engaging in strategic diversification through research and development. The global demand for agricultural fumigants is expected to rise in tandem with increasing agricultural production and the need for effective pest management solutions in storage facilities. Partnerships and strategic acquisitions, such as UPL Ltd's agreement with Bunge Ltd, highlight the ongoing efforts to strengthen market positions and enhance product offerings.
Agricultural Fumigants Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Methyl Bromide
-
2.1.2 Chloropicrin
-
2.1.3 Phosphine
-
2.1.4 Metam Sodium
-
2.1.5 1,3-Dichloropropene
-
2.1.6 Other Agricultural Fumigants
-
-
2.2 Method of Application
-
2.2.1 Soil
-
2.2.2 Warehouse
-
-
2.3 Form
-
2.3.1 Solid
-
2.3.2 Liquid
-
2.3.3 Gas
-
-
2.4 Crop Application
-
2.4.1 Crop-based
-
2.4.2 Non-crop-based
-
-
2.5 Geography
-
2.5.1 North America
-
2.5.1.1 United States
-
2.5.1.2 Canada
-
2.5.1.3 Mexico
-
2.5.1.4 Rest of North America
-
-
2.5.2 Europe
-
2.5.2.1 Germany
-
2.5.2.2 United Kingdom
-
2.5.2.3 France
-
2.5.2.4 Russia
-
2.5.2.5 Spain
-
2.5.2.6 Italy
-
2.5.2.7 Rest of Europe
-
-
2.5.3 Asia-Pacific
-
2.5.3.1 China
-
2.5.3.2 Japan
-
2.5.3.3 India
-
2.5.3.4 Australia
-
2.5.3.5 Rest of Asia-Pacific
-
-
2.5.4 South America
-
2.5.4.1 Brazil
-
2.5.4.2 Argentina
-
2.5.4.3 Rest of South America
-
-
2.5.5 Africa
-
2.5.5.1 South Africa
-
2.5.5.2 Rest of Africa
-
-
-
Agricultural Fumigants Market Size FAQs
How big is the Agricultural Fumigants Market?
The Agricultural Fumigants Market size is expected to reach USD 2.45 billion in 2024 and grow at a CAGR of 5.60% to reach USD 3.22 billion by 2029.
What is the current Agricultural Fumigants Market size?
In 2024, the Agricultural Fumigants Market size is expected to reach USD 2.45 billion.
