Global Agricultural Fumigants Market Driven by Pest Attack Prevalence and Innovative Partnerships

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, GREATER LONDON, UK, November 28, 2023 /EINPresswire.com/ -- The global agricultural fumigants market showcased robust growth, escalating from $2.03 billion in 2022 to $2.15 billion in 2023, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 6.1%. Projections suggest continued expansion, with the market anticipated to reach $2.76 billion by 2027, driven by a CAGR of 6.4%.

Prevalence of Pest Attacks Fuels Market Growth

The market's upward trajectory is significantly influenced by the widespread occurrence of pest attacks, posing threats to crops from various pests like insects, mites, nematodes, and gastropod molluscs. These attacks have adverse impacts on agricultural production, market access, the natural environment, and overall lifestyle. Recognizing the need for effective pest control, the demand for agricultural fumigants has surged. According to the Food and Agricultural Organization of the United Nations, pest attacks result in the loss of approximately 20%-40% of the world's crop production. With plant diseases costing the global economy $220 billion annually and invasive insects adding a $70 billion toll, the escalation of pest prevalence is expected to drive the agricultural fumigants market growth.

For a deeper understanding and strategic insights, refer to our comprehensive sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6367&type=smp

Innovative Partnerships and Agreements Propel Industry Dynamics

A key trend shaping the agricultural fumigants market is the increasing trend of partnerships and agreements among companies. Major players are collaborating to develop innovative solutions for pest control, fostering business growth. For example, MustGrow, a Canada-based agricultural biotechnology company, entered an exclusive agreement with Bayer in January 2022 to evaluate MustGrow's biological technology's efficacy and economic potential in crucial agricultural regions. Bayer, a German multinational, is contributing to health in both the pharmaceutical and life sciences sectors. Similarly, in January 2021, UPL Ltd., a global provider of sustainable agriculture solutions, formed a strategic alliance with TeleSense to introduce monitoring solutions for post-harvest commodity transport and storage, aiming to combat food wastage.

Key Market Players Shaping the Industry

Major companies influencing the agricultural fumigants market include ARKEMA, Nufarm, Solvay, AMVAC, UPL, Tessenderlo Kerley Inc., SGS SA, Ecotec Fumigation, Trinity Manufacturing Inc., Douglas Products, Nippon Chemical Industrial Co Ltd., Degesch America Inc., MustGrow Biologics Inc., Royal Agro, and Imtrade CropScience.

Regional Dynamics and Market Segmentation

In 2022, North America emerged as the largest region in the agricultural fumigants market, with Asia-Pacific expected to exhibit the fastest-growing region during the forecast period. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Market Segmentation: Types, Forms, Pest Control Methods, Applications, and Crop Types
The global agricultural fumigants market is segmented –

1) By Type: Methyl Bromide, Chloropicrin, Phosphine, Metam Sodium, 1,3-Dichloropropene, Other Agricultural Fumigants

2) By Form: Solid, Liquid, Gaseous

3) By Pest Control Method: Vacuum Chamber Fumigation, Tarpaulin, Structural, Non-Tarp Fumigation By Injection, Other Pest Control Methods

4) By Application: Warehouse & Silos, Soil

5) By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types

For comprehensive insights into market dynamics and future trends, please refer to the complete report:
https://www.thebusinessresearchcompany.com/report/agricultural-fumigants-global-market-report

Agricultural Fumigants Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Agricultural Fumigants Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on agricultural fumigants market size, agricultural fumigants market drivers and trends, agricultural fumigants market major players, agricultural fumigants market competitors' revenues, agricultural fumigants market positioning, and agricultural fumigants market growth across geographies. The agricultural fumigants market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the agricultural fumigants market report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Agriculture And Farm Equipment/Machinery Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/agriculture-and-farm-equipment-or-machinery-global-market-report
Agriculture Sensor Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/agriculture-sensor-global-market-report
Agriculture Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn
YouTube

Sports Market Growth Forecast 2023-2027