Report ID: UCMIG15C2023
Report ID:
UCMIG15C2023 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global agricultural fumigants market was valued at approximately USD 938.61 million. According to projections, it is expected to experience a steady growth trajectory with a compound annual growth rate (CAGR) of 5.0% from 2020 to 2025. This market encompasses various chemicals and substances used to control pests, pathogens, and weeds in agricultural practices. Factors such as the increasing demand for high-quality agricultural produce, the need for efficient pest management solutions, and the rising awareness regarding food safety and security are driving the growth of this market. With the projected growth rate, the agricultural fumigants market is poised to witness significant expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15C2023