Agricultural Fumigants Market Worth $3.1 Billion By 2030: IndustryARC

Agricultural Fumigants market size is expected to reach $3.1 billion by 2030 after growing at a CAGR of 4.2% during the forecast period 2024-2030, according to the latest market research report published by IndustryARC. The growing need for food security, concerns over the environmental impact of chemical treatments and stringent regulations are poised to propel the market, finds IndustryARC in its recent report, titled “Agricultural Fumigants Market - By Product (Methyl Bromide, Chloropicrin, Phosphine, 1,3-Dichloropropene, Metam Sodium, Carbon Disulphide, Ethylene dibromide (EDB), Methyl Chloroform and Others), By Form (Powder, liquid and gas), By Crop Type (Grains & Cereals, Fruits & Vegetables, Commercial Crops, Oil Seeds, Pulses and Others), By Pest Control Method (Vacuum Chamber Fumigation, Tarpaulin Fumigation, Structural Fumigation, Non-Tarp Fumigation and Others), By Method of Application (Soil and Warehouse), By Function (Nematicides, Insecticides, Fungicides, Herbicides and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

According to the Food and Agriculture Organization (FAO), annually more than 20% of crops are spoiled by pests. Locusts are migratory insects that can form massive swarms and devour crops, causing famine and hunger in many regions of the world. They are considered the most destructive migratory pest by the FAO. A single square kilometer of locust swarm can contain up to 80 million locusts and consume as much food as 35,000 people in a day. In recent years, locust outbreaks have become more frequent and severe. According to a statement issued in May 2024, by the Ministry of Agriculture, Tajikistan, locust swarms have been recorded on an area of 44,000 hectares of land and more than 27,000 hectares have been sprayed with chemicals. Thus, the growing incidences of pest attacks drives the demand for agricultural fumigants. 

• Methyl Bromide

• Chloropicrin

• Phosphine

• 1,3-Dichloropropene

• Metam Sodium

• Carbon Disulphide

• Ethylene dibromide (EDB)

• Methyl Chloroform 

• Others

• Powder

• Liquid

• Gas

• Grains & Cereals

• Fruits & Vegetables

• Commercial Crops

• Oil Seeds

• Pulses  

• Others

• Vacuum Chamber Fumigation

• Tarpaulin Fumigation

• Structural Fumigation

• Non-Tarp Fumigation 

• Others

• Soil

• Warehouse

• Nematicides

• Insecticides

• Fungicides

• Herbicides 

• Others

• North America

• South America

• Europe

• Asia-Pacific

• Rest of the World

o According to the UN, the global population is projected to reach 9.8 billion in 2050. The rising global population and the subsequent need for increased food production are significant drivers for the agricultural fumigants market. As the demand for higher agricultural productivity intensifies, farmers are under pressure to maximize crop yields and minimize losses due to pests. Agricultural fumigants play a crucial role in protecting crops from a wide range of pests and diseases to ensure higher productivity and reduce post-harvest losses. This demand for enhanced agricultural productivity coupled with the need to feed a growing population, is driving the widespread adoption of fumigants

o Nematicides are expected to be the fastest growing segment by function in the agricultural fumigants market. Nematicides specifically target nematodes that attack plant roots leading to reduced crop yields and quality. With the increasing recognition of the damage caused by nematodes particularly in high value crops like vegetables, fruits and tubers, the demand for effective nematicides has surged. In February 2024, Corteva Agriscience launched the first sulfonamide nematicide, Salibro with Reklemel active. As per the press release, Salibro nematicide can be added to the fumigation program for high value crops, As farmers seek to protect their crops from these destructive pests, the nematicides segment is experiencing rapid growth.

o The Asia Pacific region is expected to grow with the fastest CAGR during the forecast period 2024-2030 in the Agricultural Fumigants Market owing to high agricultural activities in the region. According to FAO, China is the largest producer of various crops, including rice, wheat, pears, peaches, potatoes, lettuce, cabbage and other vegetables. Asian countries are also top exporters of agricultural commodities. According to the USDA, China peach and nectarine output reached 17 million tons in 2022/23 and China accounts for 70% of world production. To ensure high yield and to protect the crops from pests, the demand for Agricultural Fumigants is expected to go up. 

AI-driven drones represent a significant opportunity for enhancing agricultural fumigation practices. These drones can be equipped with advanced sensors and AI algorithms to monitor crop health, identify pest infestations and apply fumigants with precision. By leveraging AI, these drones can analyze data in real time thereby determining the optimal amount of fumigant needed and the best areas to target. This precision application reduces chemical use, minimizes environmental impact and ensures more effective pest control. Additionally, AI-driven drones can cover large areas quickly making them ideal for large-scale farms.

Autonomous pest control vehicles present a valuable opportunity in agricultural fumigation, combining automation with predictive analytics to revolutionize pest management. These vehicles can be programmed to navigate fields autonomously using GPS and built in sensors to identify pest hotspots and apply fumigants accurately. The use of autonomous vehicles reduces the need for manual labor, enhances safety by limiting human exposure to chemicals and ensures consistent application across fields and farms. These vehicles can also operate in various weather conditions and terrains making them versatile tools for farmers.

• Agricultural Fumigants Market size and Forecast 

• Agricultural Fumigants Market trends

• Agricultural Fumigants Market analysis by crop type

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Agricultural Fumigants market size estimation and forecast

• Analysis and predictions on end user behavior and upcoming trends 

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Agricultural Fumigants Market

• Bayer AG

• BASF SE

• Syngenta

• Corteva

• FMC Corporation

• UPL

• Valent BioSciences LLC

• NuFarm Limited

• Sumitomo Chemical Co., Ltd.

• Isagro S.p.A.

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Mr. Venkat Reddy

IndustryARC

Email: [email protected]

Web: https://www.industryarc.com

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