Metam Sodium Market Growth, Size, Share, Trends, and Forecast 2030

Metam Sodium Industry Prospective:

The global metam sodium market size was worth around USD 3.94 billion in 2022 and is projected to reach USD 9.02 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.19% between 2023 and 2030.

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Metam Sodium Market: Overview

Metam sodium is also known as sodium methyldithicarbamate. It is a biocidal fumigant with potent properties. It is an organosulfur compound which means that it contains sulfur in significant quantities. While the compound exists as a colorless dihydrate in its basic form, it is typically found in aqueous form. The main applications of metam sodium include being used as a pesticide, fumigant, fungicide, and herbicide. More than 600 million pounds of metal sodium were used in the US in 2001 and it is one of the most common pesticides used in certain countries including the United States. The production of the compound involves the combination of carbon disulfide, methylamine, and sodium hydroxide, but it can also arise as a product of a reaction between sodium thiolate and methyl isothiocyanate. The industry for metal sodium deals with the production and distribution of the compound. It is a relatively small market and is expected to grow with a considerable CAGR during the forecast period. However, the metam sodium industry players may have to deal with several challenges due to the high toxicity associated with metal sodium.

Key Insights:

• As per the analysis shared by our research analyst, the global metam sodium market is estimated to grow annually at a CAGR of around 11.19% over the forecast period (2023-2030)
• In terms of revenue, the global metam sodium market size was valued at around USD 3.94 billion in 2022 and is projected to reach USD 9.02 billion, by 2030.
• The metam sodium market is projected to grow at a significant rate due to the rising application in the agriculture sector
• Based on application segmentation, soil fumigant was predicted to show maximum market share in the year 2022
• Based on type segmentation, metam sodium 42% was the leading type in 2022
• On the basis of region, North America was the leading revenue generator in 2022

Metam Sodium Market: Growth Drivers

Rising application in the agriculture sector to drive market growth

The global metam sodium market is projected to grow owing to the increasing application of the compound in the agriculture sector. With the rise in world population, the demand for food products has reached extreme levels. Reports suggest that more than 4 billion metric tons of food is produced per year. As the number of people on the planet increases, food production levels will continue to rise. In addition to this, a large percentage of the produced food gets wasted due to several reasons including climate changes, soil degradation, floods, land infertility, pest attacks, and many other reasons. A report by Global Agriculture claims that nearly 24% of the productive lands and 10 to 20% of drylands across the globe have degraded and cannot be used for crop cultivation. Such factors have resulted in increased pressure on the existing farmlands and crop cultivators to produce more food that can meet rapidly rising global demand which in turn impacts the consumption levels of pesticides and herbicides including metal sodium.

One of the main reasons for the higher consumption of the compound is its broad-spectrum attribute. It means that metal sodium is highly effective in treating and controlling infestation caused by a large variety of pests and hence is used extensively. Moreover, its efficiency in controlling nematodes remains unmatched. These roundworms are known to cause a dip in crop yields. These patterns indicate that metal sodium is an excellent performer when used as a pesticide which is also causing the market to expand at a high rate.

Metam Sodium Market: Restraints

Rising awareness about the compound’s toxicity levels to restrict market expansion

The global metam sodium market growth may be restricted owing to the growing awareness rate about the toxic contents of metam sodium. It is not only harmful to humans but can cause severe damage to marine life. Certain studies have indicated that the compound can lead to fetal death and birth defects upon consumption. Moreover, fishes are intolerant to metam sodium. For instance, in 1991, around 19000 gallons of the compound were spilled in the Sacramento River in the US. This accident led to the death of all fish present in the 41-mile vicinity of the accident. The marine life has since returned but it is proof of the compound’s impact on living creatures. In 2018, the French government banned the use of metal sodium pesticides as several people in the country fell ill. As the awareness of the disadvantages of the compound grows, the demand rate may not reach high values.

Metam Sodium Market: Opportunities

Increased research on metal sodium could create growth possibilities

The compound is highly effective in terms of performance. One of the few ways through which the metam sodium industry players can benefit is by investing in more research to understand and develop ways in which the compound’s toxicity or environmental impact can be reduced. However, more studies and efforts are required from government agencies and private suppliers if metal sodium application has to survive in the long run. In addition to this, the use of the compound in emerging economies that are facing a shortage of food supply could provide more chances of growth.

Metam Sodium Market: Challenges

Tough competition from safe alternatives to challenge market growth

There are several pesticide and herbicide options available in the market. Moreover, some of these alternatives to metam sodium are less toxic or non-toxic. It means that the substitutes can be used without worrying about any side-effects or spending on safety tools or equipment such as masks and special boots which are recommended to be worn when working with metam sodium. The growing sale of other options including the ones made from organic materials such as neem oil concentrates could challenge the metam sodium industry expansion trajectory.

Metam Sodium Market: Segmentation

The global metam sodium market is segmented based on application, distribution channel, type, end-user, and region.

Based on application, the global market segments are herbicide, soil fumigant, fungicide, pesticide, and others. In 2022, the highest growth was observed in the soil fumigant segment and the trend is likely to continue during the forecast period. When metal sodium is applied to the soil, like other fumigants, it produces a gas that helps in eliminating and controlling several pests living in the soil and causing a drop in crop yield. Furthermore, it may also help in improving soil health when applied in recommended quantities. However, it is crucial that the user does not inhale or consume the compound in any form as it may cause serious health problems. Metal sodium has an oral toxicity rate of 450-820 mg/kg for al-bino rats and 146-280 mg/kg for albino mice.

Based on distribution channel, the metam sodium industry divisions are distributors, direct sales channel, retailers, and others.

Based on type, the global market segments are metam sodium 42%, metam sodium 35%, and others with metam sodium 42% driving the segmental revenue. This variant has a higher concentration of the active compound that is metam sodium and hence is more effective. However, every country may have specific regulations surrounding the content of pesticides and the demand may vary depending on the governing laws. For instance, since 2022, Denmark has managed to reduce the use of pesticides by 40% as per official reports.

Metam Sodium Market: Report Scope

Metam Sodium Market: Regional Analysis

North America to register the highest growth during the forecast period

The global metam sodium market is likely to be dominated by North America during the forecast period. Currently, the region controls over 55.1% of the global share with the US acting as the highest regional revenue generator. This is mainly due to the extensive use of metal sodium in the region as a soil fumigant. The increase in food consumption levels and the large-scale use of chemical pesticides in the country are the major driving factors. Regions such as Washington, California, and Illinois have shown the highest level of pesticide consumption in the past few years. The presence of key manufacturers and suppliers of metal sodium is an important part of the domestic supply chain. Asia-Pacific is expected to grow at a rapid rate as the local population is growing with China and India leading the regional food supply chain. Additionally, these countries are crucial exporters of essential crops in addition to having large domestic demand. Increasing cases of pest infestation have further pushed several agricultural units to be exposed to pesticides made of metam sodium.

Metam Sodium Market: Competitive Analysis

The global metam sodium market is led by players like:

• AMVAC Chemical Corporation
• BASF SE
• Corteva Agriscience
• Syngenta AG
• Eastman Chemical Company
• UPL Limited
• ADAMA Ltd.
• Nufarm Limited
• Arkema Group
• Valagro S.p.A.
• Solvay S.A.
• Taminco BVBA
• FMC Corporation
• Marrone Bio Innovations Inc.
• Isagro S.p.A.
• Certis USA LLC
• Gowan Company. Nippon Soda Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Nissan Chemical Corporation.

The global metam sodium market is segmented as follows:

By Application

• Herbicide
• Soil Fumigant
• Fungicide
• Pesticide
• Others

By Distribution Channel

• Distributors
• Direct Sales Channel
• Retailers
• Others

By Type

• Metam Sodium 42%
• Metam Sodium 35%,
• Others

By End-User

• Forestry
• Agriculture
• Greenhouse
• Horticulture
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa