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According to the latest report by IMARC Group, titled “Agricultural Fumigants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global agricultural fumigants market size reached US$ 2.2 Billion in 2021. Agricultural fumigants refer to poisonous and volatile substances that are used for eliminating nematodes, insects, and other organisms, which can damage fruits and seeds. They are spread or sprayed over an area and are soaked into the soil to control harmful weeds, bacteria, fungi, and nematodes. Agricultural fumigants can be differentiated into high vapor-pressure and low-pressure compounds. Amongst these, high vapor-pressure fumigants, including ethylene oxide, hydrogen phosphide, methyl bromide, and hydrogen cyanide, can penetrate at a quicker pace and are used for treating storage materials and areas that are sealed in gasproof sheets. On the other hand, low-pressure compounds, which include ethylene dichloride and ethylene dibromide, diffuse slowly. They are utilized as soil fumigants for treating open storage areas. Other than this, agricultural fumigants that are widely applied for maintaining nursery stock include naphthalene, methyl bromide, hydrogen cyanide, and nicotine.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Agricultural Fumigants Market Trends:
The expansion in the agricultural and allied industries is one of the primary factors that are driving the global agricultural fumigants market growth. Moreover, farmers and governments across the globe are shifting their focus toward reducing post-harvest loss, which occurs due to the mishandling of freshly harvested agricultural produce, to ensure food security in their respective countries. This shift is, in turn, contributing to the increasing adoption of fumigation activities in the agricultural sector. Moreover, the rising tolerance of insects and pests against existing fumigants has led leading players to invest in the development of suitable alternatives, which is creating a positive outlook for the market. Besides this, since the COVID-19 pandemic, there has been abrupt lockdown of several storage infrastructures, which led to an increase in the outbreak of pests, insects and rodents in the existing harvest. This is further contributing significantly to the inflating sales of agricultural fumigants. Looking forward, the market is expected to grow at a CAGR of 4.1% during 2022-2027.
Market Summary:
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