Soil Fumigants Market – By Product , By Form , By Crop Type , By Function , By Geography - Opportunity Analysis & Industry Forecast, 2024-2030

Soil Fumigants Market Overview:

The Soil Fumigants Market size is estimated to reach $1.9 Billion by 2030, growing at a CAGR of 4.1% during the forecast period 2024-2030. The USDA defines fumigation as the process of releasing and dispersing a toxic chemical that reaches a targeted pest in the gaseous state. The main driver of the agricultural fumigant market is the rising incidences of insect infestation. The rising prevalence of crop diseases and requirement to produce larger quantities of crops per hectare in order to meet the food demand is driving the use of soil fumigants. Additionally, the growing use of fumigants for cereal production is driving the market growth of soil fumigants globally. 

The application of soil fumigants has advanced significantly in recent years, leading to greater efficacy and reduced environmental impact. For instance, precision agriculture uses technology such as automation and GPS to improve the productivity of farms. Precision agriculture technologies can improve agricultural productivity and resource management by applying inputs like feed, fertilizer, and water precisely. The use of modern precision agriculture technologies, such as automated mechanical weeders, in-ground sensors, targeted spray systems, and remote sensing platforms, can increase productivity. For example, effective from 2024, the Indian government plans to invest $723 million to support precision farming. Advanced technologies including IoT, AI, drones, and data analytics will be used to maximize resource efficiency, reduce environmental impact, and increase productivity by this investment. Additionally, bio-based fumigants that involves adding soil amendments, such as manure or fresh plant matter, to the soil is propelling the growth of soil fumigants market globally. This releases chemical called isothiocyanates (ITCs) in the process, which can inhibit soil-borne illnesses and pests. These factors positively influence the soil fumigants industry outlook during the forecast period.

Soil Fumigants Market - Report Coverage:

The “Soil Fumigants Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Soil Fumigants Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The COVID-19 pandemic significantly disrupted the global production and delivery of soil fumigants. Supply chain disruptions and service delays, coupled with economic uncertainties and reduced agricultural activity, led to decreased demand for soil fumigants. Additionally, increased labor, shipping, and raw material costs resulted in higher prices for consumers. 
• The Ukraine crisis exacerbated global soil fumigants market, Both Russia and Ukraine are major producers and exporters of agricultural commodities, including fertilizers and chemicals used in soil fumigants. The war disrupted supply chains, leading to shortages and price increases for these essential inputs. The war caused significant damage to agricultural infrastructure in Ukraine, leading to reduced crop production which eventually reduced the soil fumigants production.

Key Takeaways: 

APAC is Leading the Market 

APAC region held a major market share of 36% in 2023. For instance, Agriculture, with its allied sectors, is the largest source of livelihood in India. 70% of India’s rural households primarily depend on agriculture for their livelihood. As per the Second Advance Estimates of National Income, 2022-23 released by the Ministry of Statistics & Programme Implementation (MoSPI), the share of Gross value added (GVA) of agriculture and allied sectors in the total economy for the year 2022-23 is 18.3%. Additionally, soil fumigants demand has been encouraged by farmer’s growing awareness of the advantages of soil fumigants and the significance of pest management. Government subsidies for the use of agricultural inputs, including soil fumigants, have made them more affordable for farmers. Such factors are driving the market growth of soil fumigants in this region.

Phosphine is the Largest Segment 

Phosphine is projected as the largest segment by product in Soil Fumigants Market during the forecast period 2024-2030. Phosphine is diverse and can be applied before planting as well as after harvest, making it suitable for a range of farming methods. Phosphine or hydrogen phosphide (PH3) is a low molecular weight, low boiling point compound that diffuses rapidly and penetrates deeply into materials, such as large bulks of grain or tightly packed materials. Phosphine ranks as one of the most toxic fumigants of stored product insects. It is a slow acting poison that is effective at very low concentrations if the exposure time is long enough. Usually, exposure times of four or more days are required to control insects, depending on temperature. The toxicity of phosphine to insects declines as the temperature falls to 5°C as per FAO, so that longer exposure times are required for it to exert its effect. It is not recommended for use below 5°C. The exposure time cannot be shortened by increasing the dosage; in fact, high concentrations can have a narcotic effect on insects thereby reducing mortality.  

Cereals and grains are the largest segment 

Cereals and grains segment is projected as the largest segment in soil fumigants market globally. Cereals and grains are susceptible to a wide range of pests, diseases, and infestations, including insects, fungi, and nematodes. Soil fumigants play a vital role in controlling these pests and diseases, protecting crops from significant yield losses. Additionally, Cereals and grains are staple food crops worldwide, and their demand is consistently high. For instance, according to The Food and Agriculture Organisation of the United Nations (FAO) forecast for global cereal production in 2024, global rice production is projected to reach a record 535.1 million tons. World cereal total utilization in 2024-25 is forecast to rise to 2856 million tons, up 0.5% from the previous year, led by rice and coarse grains. Thus, the need for high production with proper yield is driving the growth cereals and grains segment growth in soil fumigants market globally.

Need for food security is driving the market 

Global population expansion is having a major impact on the demand for agricultural products, particular those which require soil fumigants. The need for food rises along with population growth, necessitating increased agricultural output which eventually drives the soil fumigants market globally. For instance, according to United Nations World Population Prospects 2024, The world’s population is expected to continue growing over the coming fifty or sixty years, reaching a peak of around 10.3 billion people in the mid-2080s, up from 8.2 billion in 2024. As per the State of Food Security and Nutrition in the World 2024, Africa remains the region with the largest estimated proportion of the population facing hunger 20.4%, compared with 8.1% in Asia, 6.2% in Latin America and the Caribbean, and 7.3% in Oceania. Farmers are usually encouraged to boost crop yields in order to fulfill the increasing demand for food. More intensive agricultural methods may result from this, which may stress crops further and increase their susceptibility to pests. Such factors are driving the soil fumigants market globally. 

Regulations on the use of soil fumigants 

Increased regulations controlling the usage of soil fumigants are posing a significant challenge to the soil fumigants market. To protect consumers, workers, and the environment, several government bodies impose strict guidelines on the use of fumigants. The process of getting new fumigant approvals and adhering to laws can be expensive and time-consuming, which restricts the market's expansion. Fumigants are strong chemicals that may be harmful to the environment. Significant issues include such as contamination of the soil and water, as well as the effect on non-target species. There is a growing need for more environmentally acceptable fumigation solutions as a result of increased scrutiny of chemical use in agriculture brought on by the growing awareness of environmental sustainability. Fumigant exposure can result in major health consequences, such as respiratory disorders and other chronic conditions. 

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Soil Fumigants Market. The top 10 companies in this industry are listed below: 

1. BASF SE
2. FMC Corporation
3. Sumitomo Chemical Co., Ltd
4. Syngenta Group
5. UPL Limited
6. Isargo S.p.A 
7. Nufarm 
8. Valent BioSciences LLC 
9. Corteva
10. Bayer AG

Scope of the Report: 

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