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The soil fumigants market share is expected to increase by USD 149.86 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.07%.
This soil fumigants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers soil fumigants market segmentation by form factor (solid, liquid, and gas) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The soil fumigants market report also offers information on several market vendors, including American Vanguard Corp., Bayer AG, China National Chemical Corp. Ltd., Corteva Inc., Detia Degesch GmbH, Douglas Products, Draslovka Services Pty Ltd., Eastman Chemical Co., Ecotec Fumigation, Imtrade CropScience, Isagro Spa, LANXESS AG, Nippon Chemical Industrial Co. Ltd., Royal Agro Organic Pvt. Ltd., Solvay SA, Tessenderlo Group NV, TriCal Group Inc., TriEst Ag Group Inc., Trinity Manufacturing Inc., and UPL Ltd. among others.
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The growing awareness of organic soil fumigants is notably driving the soil fumigants market growth, although factors such as harmful effects of the accumulated residue on the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the soil fumigants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Soil Fumigants Market Driver
One of the key factors driving growth in the soil fumigants market is the growing awareness of organic soil fumigants. In the agriculture industry, there is a significant reduction in soil quality, owing to the utilization of chemical composts and pesticides. Hence, the industry is limiting the utilization of chemical composts and pesticides and replacing them with organic and bio soil fumigants. Organic soil fumigants decompose easily in the soil with the release of carbon dioxide, methane, and water, thereby enriching the nutrient quality of the soil. They are environment-friendly and are harmless to the soil, though they are used extensively over a long period. The use of organic soil fumigants reduces cost and environmental issues. Favorable government policies and subsidies, rapidly increasing awareness about organic farming, and increasing sales of organic food products are creating a market for organic soil fumigants. Furthermore, increasing awareness among farmers and cultivators about eco-friendly soil fumigants would increase the demand for organic soil fumigants.
Key Soil Fumigants Market Trend
The food security issues is another factor supporting the soil fumigants market share growth. Food security has become a global concern as the world's population continues to expand. As a result, the application of soil fumigants to manage crop diseases has become a global necessity. Pests, mites, rodents, and birds are thought to squander roughly 1,300 million metric tons of food each year, leading to an increase in the use of soil fumigants. By 2050, grain production is expected to reach 3,009 million metric tons. Every year, over 1300 million metric tons of food is expected to be lost due to bugs, mites, mice, and birds. On average, post-harvest losses in cereals are estimated to be 53%, 14% in roots and tubers, 8% in oilseeds and pulses, and 13% in fruits and vegetables. The use of fumigants during storage can assist in reducing storage losses. The use of fumigants is an effective and cost-effective strategy to decrease post-harvest losses, therefore, demand for fumigants is likely to increase.
Key Soil Fumigants Market Challenge
The harmful effects of the accumulated residue on the environment will be a major challenge for the soil fumigants market during the forecast period. Many synthetic or chemical-based soil fumigants, which include heavy metals, ammonium nitrate, potassium chloride, and cadmium, are available in the market. The plants absorb these toxic chemicals found in soil fumigants, which enter the food chain via fruits or vegetables. Ammonium nitrate is an important component of fertilizer mixtures. It is an odorless, colorless, or white crystal salt produced by the reaction of ammonia and nitric acid. It is used to manufacture explosives, and it is hazardous to the environment and human health. Inhalation of ammonium nitrate results in cough, headache, and sore throat. Its exposure to the skin results in redness due to the reaction of ammonium nitrate. Similarly, if eyes are exposed to the chemicals, then it can lead to pain in the eyes. Ingestion of ammonium nitrate leads to abdominal pain, blue lips or fingernails, blue skin, convulsions, diarrhea, dizziness, nausea, and weakness. These health hazards will highly impact the adoption of ammonium nitrate and intensify safety measures in the agricultural fields, which will affect the global soil fumigants market.
This soil fumigants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global soil fumigants market as a part of the global fertilizers and agricultural chemicals market within the overall global chemical industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the soil fumigants market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the soil fumigants market encompasses successful business strategies deployed by the key vendors. The soil fumigants market is fragmented and the vendors are deploying growth strategies such as focusing on the development of new high-quality goods and innovative technologies to increase product quality to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The soil fumigants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the soil fumigants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for soil fumigants in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapidly growing population, rising food demand, changing customer lifestyles, rising incomes, purchasing power, consumer demand for nutritional and healthy products, increased consumer awareness, and favorable government policies in developing nations such as China and India will facilitate the soil fumigants market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In Q1 2020, vendors in the soil fumigants market in APAC witnessed the negative impact of the COVID-19 pandemic on their business operations. Governments of countries like China and India imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations. In H2 2021, the demand for soil fumigants in the region normalized as factories reopened following the vaccination drives and containment of the virus, which led to the resumption of the production and distribution of soil fumigants. In China, phosphate fertilizer plants that had shut down resumed production and have been operating since H2 2021. Therefore, the soil fumigants market in APAC will continue to grow during the forecast period.
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The soil fumigants market share growth by the solid segment will be significant during the forecast period. Soil fumigants, whether applied as a solid, liquid or liquified gas, quickly volatilize (turn into a gas) once in the soil. The fumigant can diffuse throughout the soil and impact target bugs in its gaseous state. Soil pests are destroyed when they come into contact with a high concentration of fumigant and are exposed to it for a long enough period of time.
This report provides an accurate prediction of the contribution of all the segments to the growth of the soil fumigants market size and actionable market insights on post COVID-19 impact on each segment.
Smart Soil Moisture Sensor market - The market share is expected to increase by USD 43.45 million from 2020 to 2025, at a CAGR of 17.75%.
Environmental Testing market - The market share is expected to increase to USD 3.79 billion from 2021 to 2026, at an accelerating CAGR of 7.51%.
Soil Fumigants Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.07% |
Market growth 2022-2026 |
$ 149.86 million |
Market structure |
Fragmented |
YoY growth (%) |
3.88 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Japan, India, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
American Vanguard Corp., Bayer AG, China National Chemical Corp. Ltd., Corteva Inc., Detia Degesch GmbH, Douglas Products, Draslovka Services Pty Ltd., Eastman Chemical Co., Ecotec Fumigation, Imtrade CropScience, Isagro Spa, LANXESS AG, Nippon Chemical Industrial Co. Ltd., Royal Agro Organic Pvt. Ltd., Solvay SA, Tessenderlo Group NV, TriCal Group Inc., TriEst Ag Group Inc., Trinity Manufacturing Inc., and UPL Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Form Factor
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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