Soil Fumigant Market Forecast and CAGR
According to latest research by Fact.MR., Soil Fumigant market is set to witness steady growth during 2021-2031. The high frequency of crop diseases and rising demand for soil quality management in developed and developing countries is driving the soil fumigant market. Growing demand for products that enhance food production yield across the world is expected to be one of the major driving factor for the growth of market in the near future and is expected to continue the same trend in the near future.
What is Driving Demand for Soil Fumigant?
Soil fumigation is a technology of primary plant treatment of soil using chemicals to control crop infections which is caused by nematodes, weed, rodents, among others. Increased crop disease outbreaks, growing per hectare crop output to meet food demand, growing emphasis on reducing losses created by post-harvest treatment, increasing insect population owing to changing climatic changes, growing use of fumigants for cereal production and storage and advancement in innovative technologies in agriculture is expected to likely to fuel the soil fumigant market growth in the coming assessment period.
Also, production of new and innovative products, as well as increased applications from emerging economies, would all contribute to the growth of the soil fumigant market and is expected to generate new growth opportunities for manufacturers in the near future.
Furthermore, other driving factors includes increasing frequency of crop diseases and growing demand for agrochemicals in both developed and developing countries.
Growing awareness among across the world among farmers regarding contamination free food has resulted in growing adoption of products that enhance food quality, which is expected to have a positive growth influence on the soil fumigants Market in the coming forecast period.
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Which Segment Shows Strong Growth in the Market
Based on the application, crop based segment is estimated to experience significant growth in the near future and is expected to continue its dominance in the near future, given the large volume of land under cultivation for production of prominent crops. Yield management is of utmost important in cash crop production and given the importance of sol fumigants in maintaining yield, this segment is projected to be at forefront of demand generation.
Based on the form segment, liquid segment is estimated to hold more than one third of market value share followed by solid and gas.
US and Canada Soil Fumigant Market Outlook
Globally, the U.S. is expected to be one of the leading country across the globe in terms of consumption owing to rising awareness among the farmers to understand the importance of protecting crops from insects, rats, nematodes, and other pests in order to reduce agricultural commodity losses. Also, country is heavily governed by stringent regulations which are designed to protect agriculture sector of the country. Key Manufacturers of the country are required to follow the existing guidelines in order to ensure the product's long-term viability and maximize output.
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Europe Demand Outlook for Soil Fumigant
Europe is expanding its agriculture industry owing to growing domestic demand and favorable weather conditions which is required for certain specific crops due to which region is one of the major consumers of pesticides and other counterparts. However, regional regulatory bodies are enacting legislation in the region to limit the use of soil protection chemicals. Also, In Europe, only government-certified applicators are allowed to use soil fumigation, which is governed by a set of rules and regulations. However the overall outlook for the region remains optimistic given the well-developed consumption patterns in the region.
Who are the Key Manufacturers and Suppliers of Soil Fumigant?
Some of the leading manufacturers and suppliers of Soil Fumigant include
- BASF SE
- Syngenta AG
- The DOW Chemical Company
- Reddick Fumigants
- FMC Corporation
- Cytec Solvay Group
- ADAMA Agricultural Solution Ltd. LLC
- Ikeda Kogyo Co. Ltd.
- TriEst Ag Group Inc.
- Bayer Cropscience
- Trinity Manufacturing Inc.
- Degesch America Inc.
- UPL Group
Globally, key market players have presence across multiple stages of industry ecosystem which will help in bridging the gap for manufacturers and suppliers through the value chain network. Furthermore, key players are aiming to strengthen their market share by introducing various developments and strategies under organic and inorganic growth segments such as by new product launches, increasing production capacity of existing product portfolios, increasing geographical expansions, and investments in research & development to introduce new application for soil fumigant in the near future.
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Soil Fumigant Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Metal Potassium
- 1,3 Di-chloropropene
- Methyl Bromide
- Metal Sodium
- Methyl Iodide
- Dimethyl Disulfide
- Crop Based
- Vegetable Field
- Cereal field
By Crop Type
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- Rest of South Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Rest of MEA
The soil fumigant report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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