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Agriculture Fumigants market

Agriculture Fumigants market

Market Insights

The global agricultural fumigants market is projected to reach USD 1952.36 million by 2022, at a CAGR of 5.2% over the forecast period, 2017-2022. Investment in research and development of cheap, effective products is a strategy adopted by the market leaders. Companies are focusing on bio-fumigants due to the environmental hazards of the traditional fumigants. Recently, in November 2016, Morrone Bio Innovations Inc., launched a new bio-fumigant in the United States. Simultaneously, governments of major countries are continuously placing stringent regulations to reduce the usage of fumigants. Recently, California placed limits on the chloropicrin usage for strawberries and tightened rules on the use of Dow Agro Sciences’ telone fumigant.

Market Dynamics

Increasing agricultural production and crop losses due to transportation, post-harvest pest attack, etc., are the primary factors driving the market for fumigants, as they are highly effective in reaching the pests. In addition, the growing storage technology and high product efficiency are expected to drive the market in the future. The domain has certain constraints, such as stringent regulatory concerns raised with the application methodology, among others, which are restricting back the market growth. Chemical ingredients, such as methyl bromide, phosphine, chloropicrin and others, were the widely used fumigants; however, their toxicity has led the regulatory bodies to ban their usage. This, in turn, reduced the fumigant consumption, worldwide. However, the market in developing regions is emerging, which is creating an opportunity for this industry.

Market Segmentation

The global agricultural fumigants market is segmented, based on product type, application, form, crop application and geographical reach. By product type, the market is segmented into methyl bromide, chloropicrin, phosphine, metam sodium, 1,3-dichloropropene and others. While methyl bromide accounts for a majority of the market share, phosphine is expected to register the highest CAGR during the forecast period (2017-2022). Phosphine-based fumigants are mostly used in grain storage systems. Regarding the soil and warehouse applications of fumigants, warehouse usage holds a majority of the demand. Soil fumigation helps in weed control and the elimination of parasitic attacks by nematodes. The liquid form led the market demand, with the largest share in 2015, followed by the gaseous form. The market is further explained, by application, into major crops and non-crops.

The market is also segmented, geographically, into North America, Europe, South America, Asia-Pacific and Rest of the World. Geographically, North America and Asia-Pacific are the top two consumers of agricultural fumigants, with a market share of about XX%. The agriculture fumigants market of North America is estimated to be the largest, with a share of XX% and a market size of USD XX million, in 2016, and projected to reach USD XX million by 2022, witnessing a CAGR of XX%. The Asia-Pacific market is projected to grow at the highest CAGR, owing to the increasing demand for grain and cereal storage protections in the region.

Major Companies in the Sector Include:

FMC Corporation
Dow Chemicals
Recent Industry Insights

In November 2016, Marrone Bio Innovations, Inc. announced that the Company received the registration of MBI-601 EP, a biofumigant, from the United States Environmental Protection Agency (EPA), the Biopesticide Pollution Prevention Division (BPPD).
In June 2014, the gas company. BOC, in conjunction with the CSIRO and LZD Czech Republic, developed a new soil fumigant.
In December 2015, the permission deadline for the use of methyl bromide-based product on fiber and cotton seeds, used for exports, was extended by a year. The decision was published in the Union's Official Gazette, through the Act. No. 62.
Key Deliverables in the Study

Market analysis for the global agricultural fumigants market, with region-specific assessments and competition analysis.
Market overview and identification and analysis of the macro and micro factors that affect the global agricultural fumigants market and also instrumental in changing the market scenario, on both, global and regional scales.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The report holds importance for the following stakeholders-

Producers and manufacturers.
Enterprises operating in the industry.
Traders and stakeholders operating in the sector.
Investors/research institutions interested in the market.
Customization Options:

Supply chain analysis
Regulatory framework
Trade analysis
Trend analysis
Related Reports Hyperlinks:

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
4.1 Drivers
4.1.1 Growing Agricultural Production
4.1.2 Growing Concern over Post-Harvest Loss
4.1.3 Changing Farming Practices and Better Storage Technology
4.1.4 High Product Efficiency
4.2 Constraints
4.2.1 Environmental and Regulatory Constraint
4.2.2 Product Application Issues
4.3 Opportunities
4.3.1 High Growth Potential in Developing Markets
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 By Type
5.1.1 Methyl Bromide
5.1.2 Chloropicrin
5.1.3 Phosphine
5.1.4 Metam Sodium
5.1.5 1,3-Dichloropropene
5.1.6 Other Agricultural Fumigants
5.2 By Application
5.2.1 Soil
5.2.2 Warehouse
5.3 By Form
5.3.1 Solid
5.3.2 Liquid
5.3.3 Gas
5.4 By Crop Application
5.4.1 Crop-Based
5.4.2 Non-Crop-Based
5.5 By Geography
5.5.1 North America United States Canada Mexico Others
5.5.2 Europe Germany United Kingdom France Spain Italy Russia Others
5.5.3 Asia-Pacific China Japan India Australia Others
5.5.4 South America Brazil Argentina Others
5.5.5 Rest of World South Africa Others
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 DOW Chemical Company
7.2 ADAMA Agricultural Solution Ltd.
7.4 E.I. DuPont De Nemrous & Company
7.5 Syngenta AG
7.6 FMC Corporation
7.7 Reddick Fumigants, LLC
7.8 Degesch America Inc.
7.9 Ikeda Kogyo Co., Ltd.
7.10 UPL Group
7.11 Fumigation Services
7.12 VFC
7.13 Cytec Solvay Group
7.14 Trical, Inc.
7.15 TriEst Ag Group, Inc.

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