The overall agricultural fumigants market is projected to grow from USD 2.2 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 4.2% during the forecast period. The increase in pest & insect outbreaks due to the impact of climate change on pest proliferation encourages the adoption of agricultural fumigants products.
Key players in this market include BASF SE (Germany), Syngenta (Switzerland), ADAMA (Israel), ARKEMA (Germany), Nufarm (Australia), Solvay (Belgium), Tessenderlo Kerley, Inc. (Belgium), SGS SA (Switzerland), UPL (India), AMVAC (US), Trinity Manufacturing, Inc. (Germany), Douglas products (US), Intertek (UK), Nippon Chemical Industrial Co., LTD. (Japan), and MustGrow Biologics, Inc (Canada).
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ADAMA Agricultural Solutions Ltd. was formerly known as Makhteshim Agan Group. It is jointly owned by ChemChina (China) and Koor Industries Ltd (Israel). ADAMA Agricultural Solutions Ltd. manufactures agricultural chemicals and crop protection products. The company operates through two business segments: crop protection products and other activities, which include fragrance, industrial & additional products, and food ingredients such as food colors and dietary supplements. The company has widespread operations in North America, the Middle East & Africa, Asia Pacific, Europe, and South America, and offers its products in around 100 countries. It has established development centers in Brazil, Israel, China, and India and has testing laboratories in China, Brazil, Israel, India, and the US. The company focuses on developing its business through the adoption of various strategies such as acquisitions. For instance, in November 2019, Adama Ltd acquired the French-Swiss crop protection company, SFP. This would enable the company to produce some of the active ingredients of SFP.
Syngenta AG, an agribusiness company, engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yield and food quality worldwide. It operates through two business segments—crop protection and seeds. Syngenta is a wholly-owned subsidiary of ChemChina (China), which it acquired in 2017. The crop protection business of the company has witnessed significant improvement in sales, owing to the recovery and growth of the Brazilian market, alongside new product launches in EMEA and the US. The company continues to invest in production sites and R&D facilities to create new formulations and innovate and expand its capacities to improve its crop protection product portfolio, further strengthening its agricultural fumigants segment.
Agricultural Fumigants Market by Product Type (Methyl Bromide, Phosphine, Chloropicrin), Crop Type (Cereals, Oilseeds, Fruits), Application (Soil, Warehouse), Pest Control Method (Tarpaulin, Non-Tarp, Vacuum), and Region - Global Forecast to 2026
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