Agricultural Fumigants Global Market Report 2024

Agricultural fumigants are toxic substances employed in agriculture to eradicate insects, nematodes, bacteria, and pests that pose threats to plant growth and crop production. These fumigants produce a toxic gas, aiding in the control of pests, supporting plant growth, and ultimately contributing to higher yields.

The main types of agricultural fumigants include Methyl Bromide, Chloropicrin, Phosphine, Metam Sodium, 1,3-Dichloropropene, and other specialized formulations. Methyl bromide, a colorless and odorless gas, is used to manage fungus, weeds, insects, nematodes (or roundworms), and rats in agriculture. Various fumigation techniques, such as vacuum chamber fumigation, tarpaulin fumigation, structural fumigation, non-trap fumigation by injection, and others, are employed in warehouses & silos and soils. Agricultural fumigants, available in solid, liquid, and gaseous forms, find application in the fumigation of cereals & grains, oilseeds & pulses, fruits and vegetables, and other agricultural products.

The agricultural fumigants market research report is one of a series of new reports that provides agricultural fumigants market statistics, including agricultural fumigants industry global market size, regional shares, competitors with an agricultural fumigants market share, detailed agricultural fumigants market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural fumigants industry. This agricultural fumigants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The agricultural fumigants market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period can be attributed to various factors, including the increased emphasis on pest and disease management, the growing need for food safety measures, a rise in global population, economic growth, and an overall increase in agricultural production. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time.

The agricultural fumigants market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to various factors, including the impact of global trade and export activities, a rise in crop losses, increasing demand for high-quality produce, and the growth of disposable income. Key trends expected during this period encompass the adoption of biological fumigation methods, an emphasis on data-driven decision-making processes, the implementation of precision application techniques, a focus on sustainable fumigants, and an increasing trend towards collaboration and partnerships within the agricultural fumigants industry.

The agricultural fumigants market is expected to witness growth due to the high prevalence of pest attacks. Various pests, including insects, mites, nematodes, and gastropod mollusks, regularly afflict crops, causing detrimental effects on agricultural production, market access, the natural environment, and people's livelihoods. As pest attacks become increasingly common, the need for effective pest control measures, such as agricultural fumigants, becomes more crucial. For instance, data from the Food and Agriculture Organization of the United Nations, a specialized agency working to combat hunger and enhance nutrition and food security, indicates that pest attacks lead to the loss of approximately 20%-40% of the world's crop production. Plant diseases alone result in an annual cost of $220 billion to the global economy, with invasive insects adding another $70 billion to these losses. Consequently, the rising prevalence of pest attacks is expected to be a driving force behind the growth of the agricultural fumigants market during the forecast period.

The growth of the agricultural fumigants market is further driven by increasing crop production. Crop production involves the cultivation and harvesting of plants, typically for human or animal consumption, industrial applications, or other purposes. Agricultural fumigants play a crucial role in crop production by effectively managing soilborne pests, pathogens, and weeds, resulting in enhanced yields, improved crop quality, and more consistent and reliable crop performance. For instance, agricultural production statistics reported by the Food and Agriculture Organization (FAO) in December 2022, a US-based government organization, revealed that global primary crop commodity production reached 9.5 billion metric tons in 2021, marking a two percent increase from the previous year. Hence, the burgeoning crop production is contributing to the growth of the agricultural fumigants market.

A notable trend in the agricultural fumigants market is the increasing number of partnerships and agreements between companies. Leading companies in the agricultural fumigants sector are actively engaging in partnerships and agreements to develop innovative solutions that can effectively mitigate pest attacks and foster business growth. For example, in January 2022, Mustgrow, a Canadian agricultural biotechnology company, entered into an exclusive agreement with Bayer to assess the efficacy and economic potential of MustGrow's biological technology in significant agricultural regions. Bayer AG, a German multinational pharmaceutical and life sciences company, is focused on improving human and plant health. In addition, in January 2021, UPL Ltd., a global provider of sustainable agriculture solutions, established a strategic alliance with TeleSense to introduce monitoring solutions for post-harvest commodity transport and storage. This collaboration aims to combat food wastage by identifying and mitigating potential issues such as hotspots, excess moisture, and pests. It complements UPL's extensive range of gas monitoring, safety, detection devices, and fumigants portfolio. TeleSense is a US-based company specializing in remote grain storage and transportation monitoring systems.

Major companies within the agricultural fumigants market are directing their efforts toward developing innovative products such as Vynyty Citrus, aimed at controlling pests within citrus farms. Vynyty Citrus stands out as a container containing an active liquid that doesn't generate resistance or leave residues on crops or in the environment. For example, Bayer AG, a German-based pharmaceutical and biotechnology company, launched Vynyty Citrus in March 2021. It represents a groundbreaking product formulated with pheromones and natural pyrethrum, specifically designed to control pests that affect citrus fruit. Pheromones play a key role in effectively managing pests by disrupting their mating behaviors, thereby impeding their reproductive cycle.

In February 2022, Safex Chemicals, an Indian manufacturer specializing in agrochemicals and fumigants, successfully acquired Shogun Lifesciences, although the exact financial details of the acquisition remain undisclosed. This strategic acquisition enables Safex to focus on ensuring the safe storage of agricultural produce, providing comprehensive solutions for crop nutrition, growth regulation, prevention, protection, safe grain storage, and home care chemicals all under one umbrella. Shogun, an Indian-based company acquired by Safex, produces a range of agricultural products, including aluminum phosphide, fungicides, herbicides, insecticides, plant growth regulators, and rodenticides like zinc phosphide. These products are utilized for the safe storage of food grains and the fumigation of storage spaces.

Major companies operating in the agricultural fumigants market include ARKEMA SA, Nufarm Limited, Solvay SA, AMVAC Chemical Corporation, UPL Chemical Co., BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovations, Valent Biosciences, FMC Corporation, Dow AgroSciences LLC, ADAMA Agricultural Solutions, Chemtura Corporation, Degesch America Inc., Douglas Products and Packaging Company LLC, Ensystex II Inc., Janssen PMP, Nisus Corporation, Rentokil Initial plc, Sumitomo Chemical Co. Ltd., Certis USA LLC, Corteva Agriscience, DuPont de Nemours Inc., Gowan Company, Isagro S.p.A., Kenvos Biotech Co. Ltd., Nippon Kayaku Co. Ltd., SGS SA, Shenyang Fengshou Biochemical Co. Ltd.

North America was the largest region in the agricultural fumigants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the agricultural fumigants market share during the forecast period. The regions covered in the agricultural fumigants market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the agricultural fumigants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The agricultural fumigants market consists of sales of sulfuryl fluoride and formaldehyde. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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