Global Agricultural Fumigants Market By Knowledge Sourcing Intelligence

The agricultural fumigants market is projected to grow at a CAGR of 3.71% to reach US$1,630.624 million in 2024 from US$1,310.706 million in 2018. Fumigants are chemicals used for controlling pests and insects from destroying agricultural lands. The growing adoption of improved agricultural practices along with better storage management of crops & grains is driving the growth of agricultural fumigants market. Further, rising cases of pest attacks and post-harvest losses are also boosting the demand for agricultural fumigants worldwide. However, stringent government regulations regarding human health and environmental concerns with the use of chemical fumigants are hindering the growth of agricultural fumigants market. The emerging trend towards organic farming practices is another factor that is restraining the growth of agricultural fumigants market. Geographically, Asia-Pacific is projected to witness substantial growth during the period on account of the huge agriculture sector in Countries like India coupled with the rising demand for food.