The global soil fumigant market size was US$ 431.1 billion in 2021. The global soil fumigant market is forecast to grow to US$ 641 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.9 % during the forecast period from 2022 to 2030.
Factors Influencing the Market
Soil fumigation primarily reduces post-harvest losses. In addition, growing concerns over food security will also drive the market for soil fumigants during the study period.
Increasing cases of diseases associated with agricultural diseases will also benefit the soil fumigant market during the study period. In addition, rising production of cereals and increasing emphasis on improving the quality of agricultural output will also drive the soil fumigants market forward during the study period.
The market is also driven by the rapidly growing population of the countries like China, India, and Japan, which will drive the demand for food. On the contrary, stringent rules and regulations associated with the use of soil fumigants may limit the growth of the market during the forecast period.
Rising technological advancements will also contribute to the growth of the global soil fumigants market. For instance, TriCal Australiaunveiled its new range of STRIKE soil fumigants in 2019. STRIKE formulations are Chloropicrin and Telone-based products, which efficiently manage soil-borne fungal pathogens. Thus, such advancements will contribute to the growth of the global soil fumigants market during the study period.
COVID-19 Impact Analysis
The COVID-19 outbreak increased the focus on crop production and surged the demand to reduce post-harvest losses. As a result, it brought various growth opportunities for the soil fumigants market across the globe. The surging requirement to improve crop productivity also opens several doors of possibilities for the soil fumigant industry.
Regional Analysis
The Asia-Pacific soil fumigants market is forecast to emerge as the largest market due to the growing population of the region. Furthermore, other factors like strong economic growth of the region and increased food demand will contribute to the growth of the soil fumigant market. The soil fumigant market may experience several growth opportunities due to growing agricultural activities in the region.
North America is forecast to hold a significant share in the soil fumigants market due to the rising penetration of advanced technologies for agricultural activities. Furthermore, rapid economic and industrial development and favorable climatic conditions will benefit the soil fumigant market in the coming years.
Competitors in the Market
Bayer Crop Science AG
AMVAC Chemical Corporation
Trinity Manufacturing, Inc.
Arkema
BASF SE
Chemtura Corporation
Syngenta AG
Arysta LifeScience Limited
Great Lakes Solutions
The Dow Chemical Company
Novozymes.
Other Prominent Players
Market Segmentation
The global soil fumigant market segmentation focuses on Type, Form, and Region.
By Type
Methyl Bromide
Chloropicrin
Methyl Iodide
Dimethyl Disulfide
Other Types
By Form
Solid
Liquid
Gaseous
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America