The global agricultural fumigant market size was valud at USD 1,672 million in 2024 and is anticipated to reach around USD 2,856 million by 2034, growing at a CAGR of 5.5% from 2024 to 2034.
The agricultural fumigant market involves developing and manufacturing fumigants for agricultural purposes. Fumigant is a type of pesticide used to kill insects, nematodes, and other animals or plants that disrupt plant growth and crop production. Some common examples of agricultural fumigants include methyl bromide, dichloropropane, propylene oxide, and chloropicrin. The growing agricultural practices, especially in developing countries, and growing awareness about crop protection drive the market. The changing farming practices and rapid urbanization boost the market. Additionally, the growing focus on reducing post-harvest losses, increasing population, and increasing demand for food necessitates increasing agricultural productivity.
Technological advancements and new product launches present future agricultural fumigant market growth opportunities, leading to increased crop yields curated with the need for pest management techniques. Farmers adopt more advanced techniques for strict pest management. The increasing investments in research and development activities for deriving active ingredients also present opportunities for developing new products. Phosphine-based fumigants are the most widely preferred fumigants globally due to their ability to protect crops against insects and rodents and to store agricultural commodities.
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| Stats ID: | 7262 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7262 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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