Agricultural Fumigants Market Forecast & COVID-19 Analysis

Agricultural Fumigants Market by Product Type (Methyl Bromide, Phosphine, Chloropicrin), Crop Type (Cereals, Oilseeds, Fruits), Application (Soil, Warehouse), Pest Control Method (Tarpaulin, Non-Tarp, Vacuum), and Region - Global Forecast to 2026

(EMAILWIRE.COM, January 06, 2022 ) The overall agricultural fumigants market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2%.

The rise in the popularity of agricultural fumigants can be attributed to the increasing infestation of pests & insects in warehouses and other crop storage rooms due to biotic and abiotic factors, awareness about crop protection chemicals, and urbanization in developing markets.

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Markets such as China and India are among the key markets targeted by agricultural fumigants service providers due to occurrence of the post-harvest losses every year, causing loss to the farmers and other stakeholders involved. These factors are leading to the adoption of agricultural fumigants services in the region.

COVID-19 Analysis
The impact of COVID-19 on the agricultural fumigants market is expected to be significant, as the current pandemic has highlighted the significance of safe, healthy, and nutritious eating. Amidst the COVID-19 outbreak, crop protection companies are facing significant challenges to address the increased demand for food production which is free from pests and insects.

The lockdown of various infrastructures has given rise to the outbreak of various rodents, insects and pests, which creates a major demand for agricultural fumigants. A rapid and unexpected spike in demand for foods during the pandemic resulted in manufacturers, suppliers, and retailers struggling to ensure a continued supply of agricultural fumigants in the market.

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The key service providers in this market include BASF SE (Germany), Syngenta (Switzerland), ADAMA (Israel), ARKEMA (Germany), Nufarm (Australia), Solvay (Belgium), Tessenderlo Kerley, Inc. (Belgium), SGS SA (Switzerland), UPL (India), AMVAC (US), Trinity Manufacturing, Inc. (Germany), Douglas products (US), Intertek (UK), Nippon Chemical Industrial Co., LTD. (Japan), and MustGrow Biologics, Inc (Canada). These players are undertaking strategies such as collaborations and divestments to improve their market positions and extend their competitive advantage.

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