The Grain Fumigants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Grain Fumigants Global Market Report 2024, The grain fumigants market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to pest management practices, globalization of agricultural trade, development of fumigant formulations, expansion of stored grain storage, pest resistance challenges.
The grain fumigants market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing global food demand, stricter regulatory compliance, environmental sustainability, global trade expansion, rise in post-harvest losses. Major trends in the forecast period include research and development initiatives, preference for residue-free solutions, focus on food safety and quality, development of resistant pest strains, demand for post-harvest pest control.
An increase in the demand for grains among consumers is significantly contributing to the growth of the grain fumigants market going forward. Grains refer to the seeds or fruits of various food plants, such as cereal grasses and other plants that are used commercially and legally. Grain fumigants are used to prevent insect infestation and rodent infestation of stored grains for future consumptions. Hence, the increase in the demand for grains will drive the growth of the grain fumigants market. For instance, in a February 2023, according to report released by the Centre for the Promotion of Imports from developing countries (CBI) a Netherlands-based government agency that shares information on key European Union market developments with exporters in developing countries, the value of European imports of grains increased to $23.81 million in 2021. Therefore, the increase in demand for grains will drive the grain fumigants market.
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The grain fumigants market covered in this report is segmented –
1) Grain Fumigants Market By Product Type: Methyl Bromide, Phosphine, Sulfuryl Fluoride, Other Products
2) Grain Fumigants Market By Crop Type: Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses, Other Crop Types
3) Grain Fumigants Market By Application: Residential, Commercial
Top Major Players
UPL Limited
Corteva Agriscience Inc.
Solvay S.A.
Detia Degesch GmbH
Douglas Products Ltd.
Product innovations are the key trend gaining popularity in the grain fumigants market. Major companies operating in the grain fumigants market are focused on developing innovative products to sustain their position in the market. For instance, in July 2022, Bayer Malawi Ltd., a Malawi-based company that provides a full agricultural production service, launched K-Obiol, a crop protection product during storage. This product safeguards maize from the grain borer (Nankafumbwe) for up to 6 months to farmers with the finest value available on the market. The grain borer (Nankafumbwe) for up to 6 months uses cutting-edge technology that has been tried and proven worldwide. Six bags, each weighing 50 kilograms, can be shielded by a single 200-gram bottle for an entire six-month period.
The grain fumigants market report table of contents includes:
1. Executive Summary
2. Grain Fumigants Market Characteristics
3. Grain Fumigants Market Trends And Strategies
4. Grain Fumigants Market – Macro Economic Scenario
5. Global Grain Fumigants Market Size and Growth
…..
31. Global Grain Fumigants Market Competitive Benchmarking
32. Global Grain Fumigants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Grain Fumigants Market
34. Grain Fumigants Market Future Outlook and Potential Analysis
35. Appendix
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