What is Metam Sodium - Global Market?
Metam Sodium, a versatile soil fumigant, is a key player in the global market. It is a yellowish liquid compound that is used to control a wide range of soil-borne diseases and pests. The global market for Metam Sodium is segmented into Metam Sodium 35%, Metam Sodium 42%, and others. Each of these segments has its unique characteristics and applications, contributing to the overall market growth. Metam Sodium 35% is primarily used in the agricultural sector for soil sterilization before planting crops. It helps in controlling soil-borne diseases and pests, thereby increasing crop yield. On the other hand, Metam Sodium 42% is used in the industrial sector for various purposes such as water treatment and sanitation. The 'others' segment includes various other types of Metam Sodium that are used in different industries.
Metam Sodium 35%, Metam Sodium 42%, Others in the Metam Sodium - Global Market:
The usage of Metam Sodium in the global market is widespread. It is extensively used in fruits and vegetables, field crops, ornamental, and others. In the fruits and vegetables sector, Metam Sodium is used to control soil-borne diseases and pests, thereby ensuring the healthy growth of the plants. In the field crops sector, it is used for soil sterilization before planting the crops. This helps in increasing the crop yield and quality. In the ornamental sector, Metam Sodium is used to control diseases and pests that affect the growth and beauty of ornamental plants. The 'others' segment includes various other applications of Metam Sodium in different industries.
Fruits and Vegetables, Field Crops, Ornamental, Others in the Metam Sodium - Global Market:
The global Metam Sodium market is on a growth trajectory. In 2022, the market was valued at US$ 137.2 million and it is projected to reach US$ 163.2 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period of 2023-2029. The market is dominated by the top 3 manufacturers who hold about 63% of the market share. Geographically, North America is the largest market for Metam Sodium, accounting for about 55% of the total market share. This is followed by Europe, which holds about 20% of the market share. The growth of the Metam Sodium market is driven by its wide range of applications in various sectors and the increasing demand for effective soil fumigants.
| Report Metric | Details |
| Report Name | Metam Sodium - Market |
| Forecasted market size in 2029 | US$ 171 million |
| CAGR | 2.6% |
| Forecasted years | 2023 - 2029 |
| Global Metam Sodium market, by region: |
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| Global Metam Sodium market, Segment by Type: |
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| Global Metam Sodium market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
