Global Agricultural Fumigants Market is projected to grow at a CAGR of 4.10% from 2017, to reach USD 1.94 Billion by 2022. The global agricultural fumigants market is expanding with considerable growth potential over the next five years. The growth of this market can be attributed to the inclination of consumers toward improving the quality of agricultural output, changing farming practice, and upgraded storage technology.

Phosphine estimated to be the largest segment in 2017
The phosphine segment is estimated to account for the largest share of the agricultural fumigants market in 2017. Phosphine-based products are experiencing steady demand in industrialized countries and occupy a significant share of the agricultural fumigants market, especially in the European region. The phosphine segment is mainly driven by its multifunctional nature contributed by the effective fumigant action in killing nematodes, fungi, and weeds. In addition, the increasing use of soil agricultural fumigants has led to the growing demand for phosphine agricultural fumigants for better crop production and reduced post-harvest losses.

Tarpaulin fumigation is estimated to be the largest segment in 2017
The tarpaulin fumigation segment is estimated to account for the largest share of the agricultural fumigants market, in terms of value, in 2017. The rising criticality of safety in different fumigation methods employed and the varying costs required for each method affect the growth of the tarpaulin fumigation segment. The growth of the tarpaulin fumigation segment is driven by the efficient action, effectiveness, and its increased use in the agricultural fumigants market.

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The phosphine segment, on the basis of various product types, accounted for the largest share in 2016. The phosphine segment is mainly driven by few factors; phosphine-based fumigants are easily available, they are easy to handle, and they are comparatively less harmful in nature than other fumigants, especially methyl bromide. It is also coupled with the increasing awareness about its good penetration ability, easy availability, and is popular for its reliability to control pests in granaries. The chloropicrin segment, on the basis of product type, accounted for the second-largest share in 2016, owing to its multifunctional nature in controlling various pests such as nematodes, weed seeds, insects, bacteria, and soil-borne fungus diseases. The warehouse application of the agricultural fumigant market holds the largest share due to the increasing usage of agricultural fumigants in food stock warehouses in the North American and European regions.

North America is estimated to be the most lucrative market for agricultural fumigants
In 2017, North America is estimated to hold the largest share of the global agricultural fumigants market. The major drivers for this significant share are the influence of the growing demand for alternative pest control methods, strict government regulations regarding food safety, and wide product availability which further boosts the market growth. The North American market is driven by countries such as the US and Canada.

The food & beverage market in the Asia-Pacific region is currently undergoing a transformation in response to rapid urbanization and the liberalization of foreign direct investment in the food sector. Asia Pacific is projected to be the fastest-growing region from 2017 to 2022 due to gradual increase in awareness and knowledge about using fumigation as a crop protection technique, increase in the availability of fumigant products, and the growing number of manufacturers in the region.

Licenses or special permits required to handle fumigation services and increasing labor costs and other expenses are posing challenges to the agricultural fumigants market. For instance, the practice of pest control in Florida is strictly regulated under the provisions of the Structural Pest Control Act, Chapter 482, Florida Statutes (F.S.). This law is administered and enforced by the Department of Agriculture and Consumer Services in the State. Further, safety testing requires substantial investments. Large investments in R&D activities, laboratories, and research equipment, volatile nature of fumigants accumulation of residue during fumigation, and hiring trained professionals also pose a barrier for this market.

This report includes a study of the marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as the BASF (Germany), Syngenta (Switzerland), ADAMA (Israel), Dow Chemicals (US), and FMC (US). Other players include UPL (India), Degesch (US), Nufarm (Australia), American Vanguard (US), Nippon (Japan), Arkema (US), and Rentokil (UK).

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