Agricultural fumigants market to reach $1.74 bn by 2021

The report “Agricultural Fumigants Market - Global Forecast to 2021” shows that the agricultural fumigants market, in terms of value, is projected to reach around USD 1.74 Billion by 2021, at a CAGR of around 4.6% from 2016 to 2021.

Emerging countries such as India, Japan, France, and China are the primary targets of the industry. Increasing demand for agricultural commodities, increasing post-harvest losses, and changing farming pratices and storage technologies are some of the major driving factors for this market.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Changing farming pratices and storage technology, and awareness toward reducing post-harvest losses are some of the factors driving this market.

Regulatory changes such as Environmental Protection Laws and changing government policies across diverse geographies are restraints for the agricultural fumigants market players.

The key players cover ADAMA Agricultural Solution Ltd. (Israel), BASF SE (Germany), E.I. DuPont De Nemours & Company (U.S.), Syngenta AG (Switzerland), and FMC Corporation (U.S.) collectively accounted for the largest portion of the agricultural fumigants market in 2015. Other players such as The Dow Chemical Company (U.S.), Reddick fumigants (U.S.), UPL group (India), Degesch America Inc. (U.S.), and Ikeda Kogyo Co. Ltd. (Japan)also have a strong presence in this market.