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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Agricultural Fumigants Market Is Poised To Reach 1.94 Billion USD by 2022

The global agricultural fumigants market was valued at USD 1.59 billion in 2017 and is projected to reach USD 1.94 billion by 2022, at a CAGR of 4.10% during the forecast period. The Asia Pacific region is projected to be the fastest-growing from 2017 to 2022. The global market is expanding with considerable growth potential over the next five years.

The growth of this market can be attributed to the inclination of consumers toward improving the quality of agricultural output, changing farming practice, and upgraded storage technology.

Browse 72 market data Tables and 38 Figures spread through 148 Pages and in-depth TOC on "Agricultural Fumigants Market - Global Forecast to 2022"

The agricultural fumigants market caters to the crop protection industry, including pre-and post-harvest activities with soil and warehouses as its key applications. The warehouse segment is projected to grow at the highest CAGR from 2017 to 2022. Crop protection chemical manufacturers are increasingly focusing on low residue content in the post-harvest fumigation treatment to minimize health hazards. This is one of the driving factors for establishments such as greenhouses, warehouses, silo, and stacks to have a cost-effective pest control solution.


The agricultural fumigant market, by product type, has been segmented into various chemical types such as methyl bromide, phosphine, chloropicrin, metam sodium, 1,3-dichloropropene, and others such as propylene oxide, sulfuryl fluoride, carbon dioxide, and dazomet. The phosphine segment is projected to grow at the highest CAGR from 2017 to 2022 due to its wide-range application as well as its low cost as compared to other agricultural fumigants and it requires less manpower for application. Commercially, methyl bromide has various region-specific regulations due to its nature and other health hazards, which has further supported the growth of other fumigants, especially phosphine and chloropicrin in the market.



The agricultural fumigants market, by pest control method, has been segmented into tarpaulin fumigation, non-tarp fumigation, structural fumigation, and vacuum chambers fumigation. The tarpaulin fumigation segment is projected to grow at the highest CAGR from 2017 to 2022 due to its efficient action on insects and pests at warehouse level applications.

Key strategies such as new product launches, acquisitions, expansions & investments, and agreements were adopted by the prominent players to expand their global presence and increase their share in the market for agricultural fumigants. The leading players are focusing on strengthening their R&D capabilities to offer diversified product portfolios for different sectors of the crop protection industry

Innovative new product launches, strategic acquisitions, and organic expansions were the core strengths of the leading players of the agricultural fumigants market; these strategies were adopted by the players to increase their market presence. They helped the players diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as BASF SE (Germany), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel), The Dow Chemical Company (US), and FMC Corporation (US) successfully tapped the potential markets through new product launches, expansions, and acquisitions.


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