Metam Sodium Market Size, Share, Growth, and Global Industry Analysis by Type (Metam Sodium 35%, Metam Sodium 42%, and Others), By Application (Pesticide, Herbicide, Fungicide, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Metam Sodium Market Report Overview

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The global metam sodium market size was USD 157.5 million in 2021 and is projected to touch USD 224.83 million by 2031, exhibiting a CAGR of 3.6% during the forecast period.

Metam sodium is an essential raw material for insecticides, dyes, and herbicides. It is white crystal powder. The chemical formula is CHNO. The compound has the smell of onion or garlic when heated to decomposition. It is commonly used in pesticides. It can be prepared from carbon disulfide, methylamine, and sodium hydroxide, and sodium thiolate. The molecular weight of the compound is 129.18

Increasing demand for herbicides, dyes, and other chemicals is estimated to accelerate market growth. Growing demand from agriculture sector is predicted to boost product adoption. Rising awareness about pesticides is projected to drive market growth. Rapid industrialization and urbanization are expected to fuel market growth during the forecast period. Increasing demand from farmers for better crop cultivation is anticipated to accelerate market growth. Growing need to improve overall production efficiency is predicted to surge market growth. Increasing number of population globally is projected to boost market growth.   

COVID-19 Impact: Lack of Farmers or Labors during Pandemic Reduced Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with metam sodium experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the metam sodium market growth and demand returning to pre-pandemic levels once the pandemic is over.

An outbreak of COVID-19 pandemic impacted development of agriculture sector. Lack of famers or labors and low availability of raw materials for harvesting purpose reduced market growth. Lockdown restrictions declined import and export activities of the product. Lower production of the product due to closer of manufacturing units decreased product adoption. The market witnessed supply and chain disruption.

On the contrary, post-COVID-19, the market is showing positive growth due to increasing demand from agriculture sector.

LATEST TRENDS

"Growth in Agriculture Sector to Stimulate Market Expansion "

Increasing demand for agriculture sector is expected to fuel market growth. The product is commonly act as a spectrum pre-plant soil fumigant to control fungi, weed, and nematodes. Such advantages of the product are estimated to boost product adoption in agriculture sector. Growing demand to control soil insects is estimated to accelerate market growth. The product is safe for agriculture use, which is predicted to increase market growth. Increasing demand for healthier plants is projected to drive market growth during the forecast period. Growing research and development (R&D) activities in agriculture sector are projected to boost product adoption.

Metam Sodium Market Segmentation

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• By Type

Based on type, the market is divided into metam sodium 35%, metam sodium 42%, and others.

Metam sodium 42%, is expected to be the leading part of segmentation type.

• By Application

Based on the application, the market is divided into soil fumigant, pesticide, herbicide, fungicide, and others.

Soil fumigant is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increasing Demand from Farmers to Boost Product Adoption"

Increasing demand from farmers is expected to accelerate market growth. Rising awareness about the benefits of the product is predicted to surge market growth. Growing awareness about pesticides among farmers is estimated to increase market growth. Increasing farmer’s education and growing adoption of metam sodium in agriculture sector is projected to drive market growth. Growing need of the product in production of tomatoes, peppers, grapes, citrus, and strawberries is estimated to fuel market growth. The product has multiple benefits such as low cost, a wide range of control, and safe use. Such benefits of the product are predicted to fuel market growth. Increasing demand for aquatic weed control is projected to drive market growth during the forecast period. Growing demand for fresh vegetables and fruits is predicted to enhance metam sodium market growth.

"Increasing Urbanization and Industrialization to Foster Market Growth "

Increasing urbanization and industrialization are expected to fuel market growth. Growing demand for pest management systems is projected to drive market growth. Growing population demands for improved crops production are predicted to accelerate market growth. Rapid industrialization is predicted to accelerate market growth. Growing demand for wood preservatives is expected to fuel market growth. Rising awareness about the tree-root killer is anticipated to surge market growth. Growing need to control soil-borne pests in agriculture sector is predicted to fuel market growth during the forecast period. Growing demand for better crop cultivation is projected to drive metam sodium market growth. Further, growing demand for approved agricultural uses is anticipated to fuel market growth. 

RESTRAINING FACTORS

"Safety Concern Associated with Product to Hamper Market Growth"

Increasing need for wearing proactive boots, gloves, and clothing is expected to hamper market growth. The compound has slightly moderate toxic components is predicted to reduce market growth during the forecast period.

Metam Sodium Market Regional Insights

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"Increasing Demand for Pesticides in North America to Drive Market Share "

North America is expected to dominate metam sodium market share due to increasing demand for pesticides. Growing development in agriculture sector is projected to drive market growth. Rising awareness among population about benefits of the product is predicted to augment market growth. Rapid industrialization and urbanization in the region are projected to fuel market growth. Growing demand from farmers is estimated to boost market growth during the forecast period.

Europe is expected to show considerable market growth due to increasing demand from agriculture sector. Increasing demand from farmers for better crop cultivation is anticipated to accelerate market growth. Growing need to improve overall production efficiency is predicted to surge metam sodium market growth during the forecast period.

Asia Pacific is estimated to show significant market growth due to growing population. Increasing adoption of pesticide applications is predicted to boost product adoption. Availability of cheap labor force in the region is projected to drive market growth. Rapid industrialization and urbanization are anticipated to accelerate market growth during the forecast period. Growing need for efficient crop production is expected to fuel metam sodium market growth. Presence of significant market players in the region is anticipated to stimulate market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Limin Chemical (China)
• AMVAC (U.S.)
• FMC (U.S.)
• Kanesho (Japan)
• Tessenderlo Kerley (U.S.)
• Eastman (U.S.)
• ADAMA Agricultural (Israel)
• BALCHEM (U.S.)
• Shenyang Harvest Agrochemical (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.