Agricultural Fumigants industry, Competitive Landscape, Future Trends and Forecast 2027
The
increasing focus to reduce post-harvest losses of crops is expected to be one
of the significant factors that can boost the Agricultural Fumigants industry 2020. The surging requirement to
enhance the crop productivity is expected to augment the agricultural fumigants
industry in the assessment period. The rise in food demand of the expanding
populace is anticipated to act as a significant catalyst that can support the
market expansion. Furthermore, the growing need for effective techniques in the
modern farming is expected to fuel the Agricultural Fumigants industry growth.
On
the flip side, the toxicity associated with the product is projected to hamper
the market growth during the review period. However, growing crop losses during
the transportation, along with aforementioned factors can counter the impeding
factor that can augment the market.
Key
Players
Prominent
players of the global Agricultural Fumigants industry are The Dow Chemical
Company (U.S.), BASF SE (Germany), Nufarm Limited (Australia), ADAMA
Agricultural Solution Ltd (Israel), FMC Corporation (U.S.), Reddick Fumigants,
LLC (U.S.), and Syngenta AG (Switzerland).
Market Segmentation:
The market segmentation of the global Agricultural
Fumigants industry is done by types, application, and form.
The types-based segments of the global Agricultural
Fumigants industry are methyl bromide, phosphine, chloropicrin, 1,
3-Dichloropropene, metam sodium, and others. Among all segments, the methyl
bromide market is expected to acquire the most significant market share during
the assessment period. However, the environmental damage caused due to the
usage of methyl bromide can bring a negative impact on the market.
The application-based segments of the global Agricultural
Fumigants industry are warehouse and soil. Among all, the warehouse segment is
likely to dominate the market during the review period.
The form-based segments of the global Agricultural
Fumigants industry are liquid, solid, and gas. Among all segments, the liquid
fumigants segment is anticipated to dominate the market during the forecast
period. On the other hand, the gaseous agricultural fumigant segment is
expected to expand at the fastest rate due to its ability to reach insects in
stored places.
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Regional Analysis
Based on the region, the global Agricultural
Fumigants industry is segmented into North America, Europe, Asia-Pacific, and
the Rest of the World (RoW).
According to the analysis conducted by MRFR, North
America is anticipated to dominate the global market during the review period
owing to the growing adoption of modern farming techniques. The U.S. and Canada
are likely to acquire significant market value during the review period.
Europe is anticipated to witness moderate market
growth during the forecast period. The region is projected to expand owing to
the growing awareness in the coming period. The U.K. is likely to acquire
significant market value in the assessment period.
The APAC region is expected to be the fastest-growing
market during the review period owing to the presence of emerging countries
like India and China. The growing engagement of people in farming is expected
to be a crucial factor that can drive the regional market in the coming period.
In addition, the application of fumigants in India and other evolving countries
is gaining prominence owing to its benefits, which can create various
opportunities for market expansion during the review period.
The Middle East region is anticipated to acquire the
last position owing to the presence of underdeveloped economies during the
forecast period.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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