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Market Leader - Agricultural Fumigants Market
The agricultural fumigants market has many players (small, medium, and large); however, the industry is dominated by a few, which include ADAMA Agricultural Solutions Ltd. (Israel) and Syngenta AG (Switzerland) and followed by FMC Corporation (U.S.), BASF SE (Germany), and E.I. DuPont de Nemours & Co. (U.S.), which collectively account for a major part of the agricultural fumigants market. Acquisition and expansion are the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration and market coverage, increases product portfolio, and helps to reach new potential markets. 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.
ADAMA Agricultural Solution Ltd. (Israel)
ADAMA Agricultural Solution Ltd. is one of the leading agricultural chemicals and crop protection products company which is known for its innovative products. The company produces insecticides, herbicides, fungicides, plant growth regulators, aroma, and flavor chemicals for food and cosmetic industries, pharmaceutical intermediates, and photographic and printing chemicals. It mainly focuses on the agricultural chemicals. The company conducts its agricultural fumigation business through insecticide and nematicide ingredients. The company is venturing into new research & development facilitites in order to introduce new products in the market to capture market share. Moreover, the company is entering into expansion to gain market prominence, and majorly focuses on acquisition as its key strategy for market expansion. The acquisition of Ingenieria Industrial S.A. de C.V. (Mexico) and JK Inc. (South Korea) has helped the company to strengthen its position in the North American and Asian markets, respectively.
SYNGENTA AG (Switzerland)
Syngenta AG is a global biotechnology company. The company has been one of the the largest agrochemical producers, a leader in crop protection, and its products are designed to protect crops from attack by pests, weeds, and diseases. The company offers fumigation products under the fungicides and insecticides sections of the crop protection segment.
Syngenta is involved in the development, manufacture, and marketing of products that are designed to enhance crop yields and food quality. It aims to develop fully integrated crop solutions by combining its crop protection and seeds activities. The company focuses on increasing its presence in emerging markets with its strategic partnership and agreement in the region. For instance, in November 2015, the company entered into an R&D partnership with Koninklijke DSM NV (The Netherlands) to develop microbial-based agricultural solutions such as bio-controls, bio-pesticides, and bio-stimulants. In 2013, it entered into a technology licensing agreement with E.I. du Pont de Nemours and Company (U.S.) to expand the crop protection product portfolio in the market.
Agricultural Fumigants Market by Type (Methyl Bromide, Phosphine, Chloropicrin, Metam Sodium, 1, 3-Dichloropropene), Application (Soil and Warehouse), Form (Gas, Solid, Liquid), and by Region - Global Forecast to 2021
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