The Agriculture Fumigates Market was valued at USD 1.6 Billion in 2020 and is anticipated to grow at USD 2.11 Billion till 2027 recording a CAGR of 4% during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
Fumigants are hugely used in the fumigation process to control the pests. These are chemical substances work effectively to poison the pests. Agriculture fumigants are utilized in both pre-harvest process and post-harvest process. Fumigants are added to the soil in the pre-harvest process for destroying the insects of grains and crops. Fumigants are utilized to decrease the harms caused due to bugs, insects and termite to harvested crops. Agriculture fumigants are also utilized to protect crop from moles, insects, rodents, nematodes and export or import of goods to slow down the growth of exotic microorganisms.
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There are several factors that are projected to foster the agriculture fumigants market during the forecast period, which include high product efficiency, growing agriculture production, developments in storage technology and losses of crop in transportation and due to post harvest pest attack. Furthermore, growing demand for agriculture commodities, increasing soil degradation and growing awareness among farmers about modern agriculture farming practices are also anticipated to impel the market growth during the forecast period. On the other hand, strict regulatory guidelines to approve the products, high toxicity of the chemicals and complexity in product application process are the factors which can hinder the market growth.
On the basis of geographical analysis, agriculture fumigants market is categorized into North America, Asia Pacific, Latin America, Africa and Middle East. North America region is projected to witness huge revenue growth due to the factors such as increasing use of agriculture fumigants for getting best quality products and agriculture fumigant product approvals by U.S. EPA. Agriculture Fumigants market in Europe is anticipated to experience noteworthy growth due to adoption of new agriculture farming methods, diversification of agriculture fumigants product collection in Europe by key players and growth in the quality product supply. Furthermore, Asia Pacific market is anticipated to witness considerable growth due to the drop in post-harvesting loss, dependency on agriculture farming and changing farming practices.
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