A new market analysis highlights the steady expansion anticipated in the global Agricultural Fumigants Market. Valued at USD 2,450.5 million in 2023, the market is projected to grow from USD 2,569.1 million in 2024 to a substantial USD 3,605.4 million by 2031, exhibiting a robust Compound Annual Growth Rate (CAGR) of 4.96% during the forecast period. This growth is primarily driven by the escalating global demand for food, which is pressuring farmers to maximize crop yields and minimize significant post-harvest losses. The use of fumigants is a critical strategy to protect crops from pests, diseases, and weeds in both pre-planting and storage phases, ensuring food quality and safety for a growing population.
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The comprehensive report analyzes the global Agricultural Fumigants Market, segmenting it by Form (Solid, Liquid, Gaseous), by Type (Methyl Bromide, Chloropicrin, Phosphine, 1,3-Dichloropropene, Metam Sodium, Others), by Method of Application (Soil, Warehouse), by Crop Type, and Regional Analysis.
Growing Global Population and Food Security Concerns: The most significant driver is the need to feed a rising global population. This puts immense pressure on the agricultural sector to enhance productivity and reduce food losses. Fumigants are essential for protecting crops from pests and diseases, thereby safeguarding yields and ensuring a consistent food supply.
Need to Reduce Post-Harvest Losses: A substantial portion of agricultural produce is lost after harvest due to pest infestations and microbial decay during storage and transportation. The use of fumigants in warehouses and storage facilities is a highly effective way to prevent these losses, preserving the quality and nutritional value of crops like cereals, grains, and fruits.
Technological Advancements in Application Methods: Innovations in fumigation equipment and application techniques are making the process more efficient, precise, and safer. The adoption of controlled-release formulations and precision agriculture is enabling targeted application, which not only improves efficacy but also helps to mitigate the environmental impact of these chemicals.
Increasing Global Trade of Agricultural Commodities: The growth of international trade for agricultural products necessitates stringent pest control measures to comply with phytosanitary regulations. Fumigants are widely used in quarantine and pre-shipment applications to ensure that commodities are pest-free, a crucial requirement for market access and trade.